Industrial Safety Gloves Market size to exceed $9 bn by 2024
Published Date: October 3, 2018 Authors: Vitika Verma, Shifa Iqbal
Industrial Safety Gloves Market size is estimated to surpass USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc.
Rising awareness about the workers’ wellbeing and the increasing number of occupational fatalities in the manufacturing sector will be the key impetus for the industrial safety gloves market penetration. Standards set by the OSHA, American National Standard for Hand Protection (ANSHP), and EU standards will encourage industrialists to take protective measures against workers’ safety.
Industry expansion has propelled the requirement of safety gloves for protecting workers from metal cuts, chemical hazards, and high-temperature sources in their daily routine. Shifting focus of the business owners to have prevention against the mechanical hazards, including electric shock, radiation, and microbial contamination risks will enhance product adoption.
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Specialized protection gloves under mechanical segment is holding the highest potential and is anticipated to grow at over 5.5% CAGR from 2018 to 2024. Improved shock proof benefits coupled with the anti-vibration advantages will majorly enhance the product demand in the market. The strong requirement from electric, mining, construction, and earth moving industries are majorly propelling the market penetration of industrial safety gloves.
Browse key industry insights spread across 426 pages with 528 market data tables & 17 charts & figures from the report, “Industrial Safety Gloves Market Size By Product (Mechanical [Multi-Purpose, Cut Protection, Oil Repellent, Specialized], Chemical & Liquid Protection [Chemical Solutions, Single Use/Disposable], Thermal, Special Protection), By Material (Nitrile, Natural Rubber, Vinyl, Neoprene, Polyethylene), By Application (Automotive, Chemical, Machinery & Equipment, Metal Fabrication, Oil & Gas, Mining) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
Mechanical industrial safety gloves market will witness over 7.5% CAGR in terms of revenue up to 2024. These products are highly durable and work effectively in machinery manufacturing, handling and maintenance. Increasing workers’ protection concerns against higher mechanical risk associated with several industries including construction, automotive, mining, manufacturing, steel, machinery, and the equipment industry will enhance the overall business expansion.
Natural rubber industrial safety gloves market is projected to surpass 4 billion units by 2024. Natural rubber latex is used in the manufacturing process owing to the resistance offered by it against acids, iodine, chlorine, formaldehyde and bases. Increasing natural rubber protective glove usage in the manufacturing and food processing applications will augment the product portfolio. Key properties such as high durability, dexterity, fitting and comfort along with environmentally friendly and cost-effective will further boost the business expansion.
Automotive application of the industrial safety gloves was valued over USD 1.5 billion in 2017. Major applications in the automotive industry, including press shop operations, dexterity applications, body painting and assembling operations. Surging numerous machinery handling by the workers in the automotive sector owing to the shifting consumer preferences towards the electric vehicle segment will propel the overall industry landscape.
Europe industrial safety gloves market will witness a CAGR over 7% from 2018 to 2024. Stringent government guidelines and regulations pertaining to the use of protective wear and its quality benchmarks will promote product penetration in the region. HSE provides a regulatory framework for workplace wellness in Great Britain. High applications and requirement of the product in major countries, including Germany and Russia will drive the overall regional industry growth.
Latin America industrial safety gloves market will surpass USD 700 million by 2024. Rapid industrialization, rising awareness about security in industries, and the implementation of protective regulations are among the major growth drivers in the region. The region receives its supply majorly from Southeast Asia and various countries that have trade agreements with glove manufacturing countries.
The global industry share is highly fragmented with the presence of large number of multinational as well as regional manufacturers. Ansell Limited, Honeywell International, Top Glove Corporation Bhd, Riverstone Holdings Limited and Rubberex (M) Sdn Bhd are among the major manufacturers in the business. The manufacturers are majorly involved in business expansion, mergers & acquisitions along with joint ventures, and numerous products launches to gain a competitive edge over others. For instance, in June 2018, Ansell Limited introduced Alphatec 58-735, a new innovative multi-hazard hand protection safety glove. This helped the company to expand its industrial safety gloves products portfolio in the market.
Industrial safety gloves market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million Units & revenue in USD Million from 2013 to 2024, for the following segments:
Industrial Safety Gloves Market, By Product
- Cut protection
- Oil repellent
- Chemical & liquid protection
- Chemical solutions
- Single use / disposable
- Special protection
Industrial Safety Gloves Market, By Material
- Nitrile Gloves
- Natural Rubber Gloves
- Vinyl Gloves
- Neoprene Gloves
- Polyethylene Gloves
Industrial Safety Gloves Market, By Application
- Machinery & equipment
- Metal Fabrication
- Oil & Gas
- Others (critical & confined environment)
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa