Industrial Safety Gloves Market Size By Material (Nitrile, Natural Rubber, Vinyl, Neoprene, Polyethylene), By Product (Reusable [Supported Knitted, Knitted, Dipped], Disposable [Disposable Thin Mill, Cut. General Purpose, Chemical]), By Application (Reusable [Machinery, Automotive, Metal Fabrication, Oil & Gas, Chemical, Construction, Food Processing, Aviation, Healthcare], Disposable [Aerospace, Food Processing, Flat Panels, Medical Devices, Pharmaceuticals, Semiconductors]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
Published Date: May 2018 | 300 Pages | Report ID: GMI771 Report Format: PDF
Global Industrial Safety Gloves Market size was worth over USD 4.3 billion in 2017 and is anticipated to grow at around 6.8% CAGR over the forecast timespan.
North America Industrial Safety Gloves Market, By Material, 2017 & 2024, (USD Million)
Shift in focus towards growing worker’s security across construction, automotive, healthcare, oil & gas, mining, food processing, chemical and aviation industries is anticipated to drive the global industrial safety gloves market. Favourable regulatory scenario to minimize occupational hazards across various regions is also expected to propel product demand.
Increasing construction and infrastructure projects in Middle East, Latin America and Asia Pacific is anticipated to fuel product demand. Accidents result in huge loss in terms of lives, work disturbance, costs, reimbursement to family, legal issues and infrastructure damages. Therefore, companies have prioritized workers’ wellbeing and employed safety guidelines to reduce workplace hazards that impacts operational costs adversely in the form of reimbursement and arbitrated settlements.
Regulatory guidelines implemented by Occupational Safety and Health Administration (OSHA), mainly in North America and European Region are a major growth driver for industrial safety gloves market. Organizational protocols concerning employee’s health & security issues and practices including total quality management (TQM) has also fuelled product demand. Asia Pacific, Middle East and Africa region are expected to implement stringent regulations to make it obligatory for industries to take care of their worker’s wellbeing on owing to increasing hazards.
Ongoing technological developments and new product development is anticipated to boost industry expansion. For instance, Kimberly-Clark Professional developed its proprietary Sterling Nitrile glove manufacturing technology. This manufacturing innovation allows the company to improve the nitrile tensile strength, thus resulting in superior barrier protection and puncture resistance. In addition, the technology has also helped in extending these applications in laboratories, cleanrooms, and other critical environments.
Rising concern pertaining to skin allergies owing to latex may hamper industry growth. Factors such as itching, redness, and skin swelling likely to influence product demand. Allergic problems may occur due to direct interaction of skin with allergic latex proteins present in latex glove products. Increasing penetration rate of non-latex alternatives among industry players with growing necessity for viable substitutes is expected to challenge industrial safety gloves industry growth.
Industrial Safety Gloves Market, By Material
Natural rubber industrial safety gloves market size was valued over USD 1.7 billion in 2017. Growing demand for accessories used for handling sharp tools and toxic chemicals in automotive and construction industries is expected propel product adoption rate. Key features including elasticity, tensile strength and flexibility will provide strong application scope for medical & dental, food processing, manufacturing and janitorial industries.
Nitrile gloves will witness growth over 8% up to 2024. Enhanced durability, improved chemical and barrier protection compared to latex and vinyl are the key factors likely to support product demand. Nitrile based products are FDA approved and widely used by dental and medical professionals, salons & spas, doctors, petrochemical, automotive, tattoo artists, nurses, dentists, laboratory workers and veterinaries.
Industrial Safety Gloves Market, By Product
Supported knitted estimated to dominte the reusable industrial safety gloves market and accounted for over 50% share in 2017. Positive application outlook for automotive, timber handling construction, refuse collection, general purpose, and warehousing industries is expecetd to drive industry development.
Cut gloves are projecetd to witness CAGR over 6.5% up to 2024. Increasing security concerns mainly in glass, metal, shipping and construction industry will drive product demand. The product may used as arm protection against abrasions and cuts across these industries.
Industrial Safety Gloves Market, By Application
Semiconductors dominated the disposable segment and may surpass USD 500 million by 2024. Increasing necessity to avoid particle contamination across semiconductor industry will propel product demand. Manufacturers may feel pressure to deliver efficient and cost-effective solutions for consumers. Rising popularity of cut-resistant wearables across semiconductor, will support industry expansion.
Pharmaceutical application may witness significant gains owing to growing concern regarding fatal diseases and illnesses caused by unsafe handling operations. In addition, increasing necessity to protect the workers from direct contamination and other chemical hazards may fuel product demand.
Industrial Safety Gloves Market, By Region
North America industrial gloves market accounted for over 35% share in 2017. Favourable government regulations relating to consumer protection particularly in the U.S. is anticipated to remain a key driving factor for the regional growth. Growing manufacturing sector along with improved construction activities in Mexico is expected to have a positive impact on the regional demand over the forecast period.
Asia Pacific industrial safety gloves industry will register growth over 8% up to 2024. Rising standard of living coupled with government support for infrastructural development are key factors driving regional growth. Rapid expansion of industrial sector in China and Japan along with increasing security concerns likely to augment industry size over the forecast period.
Competitive Market Share
Global industrial safety gloves market is highly consolidated in nature as six big players accounted for over 70% of total share in 2017. Top Gloves, Ansell, Kossan, Hartalega, Supermax Corporation and Latexx Partners and the key industry participants. Other key players include Acme, MCR, Honeywell International, RFB, Towa Corporation, Dipped Products, Rubberex, Longcane Industries, Showa, and Riverstone Holdings. Companies are expected to invest in new product development to gain competitive edge with increasing competition over the projected timeframe. For instance, Ansell launched the INTERCEPT Technology with a suite of eight light- and medium-duty products under the HyFlex portfolio in 2015. These products are designed for the core work processes of the automotive, machinery and equipment, and metal fabrication industries.
Most of the glove manufacturers in the industry are predominantly original equipment manufacturers (OEM) and sell mainly to multinational resellers such as Ansell. Given the near commoditization of the product, whereby pricing plays a crucial decision factor for such multinational resellers, the industry has become highly competitive. Industry participants in line with rigorous regulatory framework launching new products. Limited knowledge about health hazards and occupational security may pose challenge for industry.
Manufacturers present in US, UK and Western Europe are anticipated to increase nitrile-based product portfolio as it offers high profit margins compared to counterparts. Key raw material producers are in Malaysia, exports and supply products to more than 180 countries. Currently, latex based products are produced in Malaysia are majorly exported to India, China, Indonesia and Thailand which are more price-sensitive markets.
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