Asbestos Gloves Market size is anticipated to witness healthy growth during 2023 to 2032, due to the burgeoning glass manufacturing operations and expanding number of steel mills around the world.
The majority of developing economies are focusing on industrialization, which has increased focus on employee safety and security to uphold corporate standards. Industries including steel mills, foundries, and glassworks use asbestos protective garments. These gloves are used by welders, metalworkers, and glassblowers. Expansion activities in these sectors are expected to influence asbestos gloves market growth.
Another significant factor driving the growth is the escalating government assistance and the rising number of hand injuries across industries. As per the National Institute for Occupational Safety and Health, in 2020, more than 1,176,340 nonfatal work accidents were tallied across the United States. Such injuries are anticipated to accelerate the adoption of asbestos gloves to prevent hand injuries.
In terms of application, the asbestos gloves market from the firefighting sector is predicted to gain significant traction in the future. The increase in fire accidents will ameliorate the adoption of these gloves. Firefighter safety has become more important than ever due to the expanding number of flame contacts and limited manpower. Asbestos gloves provide protection from temperatures between 100 and 1000 degrees. They also have an inside cotton lining that is soft against the skin.
Based on end-use, the potters segment is anticipated to account for a substantial share in the asbestos gloves market due to their growing use of these gloves for removing pots from scorching hot kilns. The high-temperature resistance and performance characteristics of these safety gloves will drive an exponential increase in their demand across the food processing industry.
With accelerated industrial development and increased per capita consumer incomes, the demand for asbestos gloves in the Middle East and Africa is projected to increase between 2023 to 2032. The enormous expansion in the petrochemical sector has resulted in heightened safety awareness of extremely flammable and explosive substances.
Asia Pacific asbestos gloves market is anticipated to amass a sizable share of the global asbestos gloves industry. The abundance of mining reserves in China and Kazakhstan will positions APAC as a promising avenue for market players. Extensive use of safety equipment in the APAC countries will create more opportunities for industry expansion.
Unarco, Guard-Line, Oriental Enterprises, Core Safety Group, Acme Safety, Towa Corporation, Supreme in Safety, National Safety Solution, Fisher Scientific Company, Protector Fire & Safety, Top Glove, Rubberex (Hextar Rubber Sdn Bhd), JOMAC Canada, and Steel Grip are the key companies operating in the global asbestos gloves market.
These firms are continuously stepping up activities, such as marketing alliances, acquisitions, and mergers that are focused on corporate expansion. To increase their position in the increasingly competitive market, they are also concentrating on the launch of innovative products.
Inflation is estimated to influence the asbestos gloves market to some extent. Rising fuel prices and the cost of raw materials have impacted production activities in the industrial sector. Reduced purchasing power has limited the demand for steel across certain nations. Such a scenario could restrain the demand for asbestos gloves across these sectors. However, efforts by governments worldwide to promote the growth of the industrial domain by means of introducing supportive measures and initiatives could open new growth avenues for asbestos gloves.