Moldable Ear Plugs Market is Expected to Register a Considerable Growth by 2026
April 20, 2022
Apr 20, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Moldable Ear Plugs Market.
It was estimated prior to this unanticipated outbreak that the Moldable Ear Plugs Market is estimated to grow from USD 72.2 million in 2020 to USD 145.5 million by 2026 at a healthy CAGR of 12.4% during the forecast period. Moldable earplugs are putty-like and are typically made of either wax or silicone putty with cotton fibers embedded. These plugs can be reused a couple of times until the oils from your hands and skin degrade their tackiness or the plugs otherwise become dirty. Moldable earplugs are an excellent choice for those who cannot wear other types of earplugs, these earplugs are very comfortable to wear, as they conform to each unique ear size and shape.
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Occupational noise exposure is one of the common causes of noise-induced hearing loss.
- Around 33% of all impaired hearing cases are related to noise exposure, thus increasing
- noise pollution in urban and industrialized economies is one of the key factors causing ear-impairment diseases, thus drives the product demand.
- The increasing number of workers at manufacturing and construction sites further propels the need for moldable earplugs.
- However, growing use of these devices can lead to ear infections, thus affects the growth of the moldable earplugs industry.
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Segments' Analysis
Application Trends
Based on application, the global moldable ear plugs market has been categorized into household, industry, entertainment, and others.
Among these, the household segment is likely to witness the largest market share in 2020. This is mainly attributed to the rising urbanization and industrialization in the developed as well as developing economies across the globe. Thus, increasing noise exposure in cities and the rising geriatric and kids’ population prone to noise pollution, are further bolstering the segment growth.
Regional Trends
By region, the moldable earplugs market is dominated by North America and is likely to be followed by the Asia Pacific.
- This is mainly ascribed to high purchasing power and rising awareness regarding noise pollution, and rapid technological developments, which spurs the product demand in the region.
- Noise-induced hearing loss is one of the primary diseases in the U.S. and the second-largest self-reported occupational illness or injury. Thus, increasing noise-impairment diseases in the region propels the regional growth.
Key Players:
Key players operating in the global Moldable Ear Plugs market are-
- Ohropax (Germany),
- Quies (France),
- Cirrus Healthcare Products (The U.S.),
- Insta-Mold Products (The U.S.),
- Radians Custom (The U.S.),
- Ear Band-It (UK),
- DAP World, Inc. (The U.S.),
- Mack's (The U.S.).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Moldable Ear Plugs analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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