Asbestos Gloves Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2325
Asbestos gloves market size is set to show remarkable inclination from 2021 to 2027 on account of the globally rising number of steel plants and booming glass production activities. Increasing industrialization in most developing economies has paved the path for enhanced employee safety & security in order to maintain company standards. Asbestos protective clothing is extensively employed in industries like foundries, steel plants, and glassworks. Rising utilization by metalworkers, welders, and glassblowers will further fuel the market growth.
The amplifying government support and growing cases of hand injuries is another prominent driver for the market size progression. As per the U.S. Bureau of Labor Statistics, of the total 286,810 non-fatal occupational injuries caused to upper extremities during 2018 that involved days away from work across the private industry, more than 123,990 involved hands.
With regards to application, asbestos gloves market size from the firefighting sector is anticipated to record major traction through 2027. This is due to the surge in the number of fire accidents. The rising instances of flame encounters have led to the increased need for the safety of firefighters. Asbestos gloves offer safety from temperatures that range from 100 to 1000 degrees. In addition, they have an internal cotton lining that is delicate on the skin. Increasing penetration in the aviation sector and the rise in the number of strict safety standards will add positive impetus to the industry progression.
Based on end-use, potters are expected to bring significant gains for the asbestos gloves industry owing to their increasing adoption for pot extraction from blazing hot kilns.
The demand for safety gloves across the food processing industry will grow exponentially driven by their high-temperature resistance and performance attributes.
In terms of regional segmentation, Asia Pacific asbestos gloves industry is poised to attain massive momentum owing to the abundance of mining reserves in China and Kazakhstan. The rising advancements in industrialization across the region have necessitated the adoption of safety gears.
Demand for asbestos gloves in the Middle East & Africa will expand with the rapid industrial development and the rising per capita consumer incomes. The significant boom in the petrochemical sector has resulted in higher safety awareness from highly flammable and explosive compounds.
Global players in the asbestos gloves industry are Protector Fire & Safety, Unarco, Oriental Enterprises, Acme Safety, Guard-Line, Towa Corporation, Supreme in Safety, Fisher Scientific Company (Thermo Fisher Scientific, Fisher Scientific Worldwide Inc, Fisher Canada Partnership), National Safety Solution, Rubberex (Hextar Rubber Sdn Bhd), JOMAC Canada, Core Safety Group, Top Glove, and Steel Grip.
These firms are continuously taking up efforts, such as marketing collaborations, acquisitions, and mergers that are directed towards business expansion. They are also focusing on novel product launches to strengthen their presence in the rising competitive landscape.
For instance, Ansell Limited, in February 2019, acquired Ringers Gloves, a leading supplier of specialty impact gloves, for a total consideration amount of USD 70 million, subject to usual closing adjustments. This move helped the company in reinforcing its position while catering to a broad range of industrial hand protection needs.
COVID-19 pandemic and its effect on the asbestos gloves market trends
The ongoing COVID-19 crisis posted numerous challenges across various businesses, fueled by nationwide lockdowns and social distancing policies. However, it acted as a considerable booster for the asbestos gloves industry owing to its increasing usage to curb the spread of the virus. It has been reported that numerous organizations were calling for asbestos gloves in order to offer protective equipment to NHS staff.
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