According to a report by Global Market Insights Inc., the global Industrial Eye Protection Market size is projected to amass USD 2.5 billion in value through 2024. Increasing awareness regarding workplace safety and rise in case of eye injuries will positively influence the industrial eye protection market size. According to the U.S. Bureau of Labor Statistics, nearly 20,000 eye injuries take place in workplace in the U.S. annually.
Emphasis on workplace safety is especially high across industries like chemical, oil and gas, mining, chemical, and construction. The need to protect employees from hazardous chemicals, heat, and optical radiation supports the demand for eye protection gear. With an aim to mitigate rising cost linked to eye treatments, companies are offering employees with products such as face respirators, safety goggles, and various other hybrid eye safety products.
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A notable portion of this growth will be driven by rising product awareness and stern rules centered around workplace safety. For example, OSHA (Occupational Safety and Health Administration) has established safety standards for various end-use sectors to prevent injuries at workplace.
CR-39 lenses have witnessed robust demand over time due to their superior optical quality when compared to glass counterpart. The manufacturing cost for these lenses is significantly less. On the other hand, introduction of trivex lenses that are ultra-light, thin, and hold superior impact-resistant may drive new business opportunities.
Many leading eye protection specialists are switching to Trivex lenses to upgrade their product quality to offer better and more reliable protection. In April’21, French safety glasses manufacturer, Bollé Safety launched its Trivex technology-based prescription glasses offering enhanced optical properties and optimum security. The company’s new lens materials integrates CR39’s lightweight along with polycarbonate’s durability feature.
Considering application spectrum, industrial eye protection gear finds widespread use in construction industry supported by rising government expenditure on constructing roads, dams, and tunnels. Increasing purchasing power among people across the globe has driven the need for residential and commercial infrastructure.
Supported by economic development over the years, many emerging nations are witnessing a robust increase in construction activities. One such instance was in November 2019, when the President of Mexico along with private sector representatives announced a $424 billion worth ‘Private-Sector-Led’ infrastructure plan. In this regard, growing efforts taken by the public and private entities to accelerate construction of new projects will encourage the need to ensure reliable industrial eye protection solutions for workers.
Concerning the geographical spectrum, Europe has emerged as a profitable revenue belt for industrial eye protection products owing to the supportive socio-economic factors along with the rising manufacturing facilities steering its demand. Robust presence of leading manufacturers in the region along with the changing lifestyle and increasing awareness regarding worker's safety will encourage product penetration.
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The global industrial eye protection market is fragmented with many prominent industry players spread across the globe that are inking merges and acquisitions, and entering into strategic alliances to increase their product portfolio, support innovation, expand global reach, and achieve a competitive edge.
Some of the leading industrial eye protection producers include Encon Safety, 3M, Honeywell, MCR Safety, Gateway Safety, MSA Safety, and 3M, among several others.
To sum up, on-job eye injury carries the potential to cause long-lasting vision damage to workers. Even minor injuries from cement and sawdust can lead to vision problems like corneal erosion. With rising cases of at-site injury along with the growing need to offer optimum protection to workers, the global industrial eye protection market size is projected to record robust growth in the times to come.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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