U.S. Safety Gloves Market size worth over $11 billion by 2026
Published Date: October 20, 2020 Authors: Kunal Ahuja, Amit Rawat
According to a new research report by Global Market Insights, Inc., the U.S. Safety Gloves Market size is set to surpass USD 11 Billion by 2026. Growing regulatory pressures to improve working conditions for workers coupled with high awareness towards safety and sanitation will drive industry growth.
Rising accidents in workplaces have led the end-use industries to adopt PPE products such as industrial gloves. Ergonomic design trends along with strong protection characteristics without sacrificing dexterity will accentuate business development. Also, trend towards utilization of recyclable & green raw materials for manufacturing will further escalate the U.S. safety gloves market growth.
Favorable regulations regarding health security have resulted in positive adoption among end-user industries. Increasing product utilization for protection against cross-contamination and transmission of pathogens during medical examinations and surgeries will augment the product utilization rate. Moreover, presence of large mining reserves coupled with shale gas boom in the country will create new avenues for the industry development.
Besides, increasing safety assessment programs adopted by various industries have augmented the product utilization rate. For instance, oil & gas companies include finger and hand injury reduction campaigns in their annual HSE plans for improving the safety related awareness among workers.
Favorable properties of mechanical gloves for hand protection from cuts, wear & tear, and other mechanical hazards will foster product demand
According to market insights reports, increasing focus towards maintaining safe working conditions at workplaces will foster the U.S. safety gloves market demand. Factors such as enhanced protection against cuts, abrasion-resistance, and protection from oil, greases, and aliphatic chemicals will augment the segment growth. Various processes involved in machinery industry include woodwork, dredging, engines, mining, material handling, cement, and civil, which may cause injuries to workers and employees.
Thus, glove manufacturing companies utilize materials such as fiberglass, synthetic yarns, kevlar, and certain combinations of metal for improving cut resistance properties in products.
As per industry trends, growing demand for efficient gloves with better grip, convenience, and minimizing the risk of cuts and other injuries is anticipated to propel the U.S. safety gloves market growth. Rising need for machinery maintenance in factories, automotive service centers, and garages will stimulate product demand. Moreover, exceptional performance in lowering mechanical risks, impact, and vibration resistance will further boost segment growth.
“Mechanical gloves product is forecasted to witness a substantial growth of 10.5% through 2026 owing to increasing machinery maintenance activities and steady growth in the automobile industry ”
Browse key industry insights spread across 330 pages with 192 market data tables and 10 figures & charts from the report, “U.S. Safety Gloves Market By Product (Mechanical [Multi-Purpose, Cut Protection, Oil Repellent, Specialized, Back Hand Impact Protection], Chemical & Liquid Protection [Chemical Solutions, Single Use/Disposable], Thermal [Arc Flash], Special Protection), By Material (Nitrile Gloves, Natural Rubber Gloves, Vinyl Gloves, Neoprene Gloves, Polyethylene Gloves), By Application (Commercial Construction, Transportation [Air, Road, Railways], Manufacturing [Automotive, Food & Beverage, Pulp/Paper], Healthcare & Medical, Oil & Gas [Downstream Chemicals, Upstream Chemicals], Mining), Industry Analysis Report, Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Increasing instances of latex allergies along with excellent chemical resistance offered by nitrile gloves to fuel U.S. safety gloves market growth
The nitrile gloves material segment held over 30% share in the U.S. safety gloves market in 2019. Exceptional resistance to abrasions, water, petroleum oils, mineral oils, vegetable oils, and acids will enhance product demand in several industries. Moreover, these gloves are made stronger by integrating certain synthetic polymers and have become the preferred alternative among people with latex allergies.
Favorable properties such as enhanced overall dexterity, comfort, puncture resistance, and tactile sensitivity compared to vinyl and rubber gloves will support segment growth. Also, rising awareness regarding the benefits of the product in healthcare facilities will further boost the industry growth.
“As per the analysis, U.S. safety gloves market from nitrile gloves material segment is forecast to grow over 6% through 2026 owing to benefits such as long shelf life, low friction, and puncture resistance”
Rapid development of healthcare infrastructure and high consciousness towards safety & sanitization will foster product demand
Presence of a large number of hospitals and laboratories in the country coupled with surging healthcare spending will fuel the product penetration rate. As per the CDC, the national health spending is forecast to grow at a CAGR of 5.5 percent yearly between 2020 to 2027 and is anticipated to reach almost USD 6 trillion by 2027.
Moreover, the U.S. has the highest chronic disease patients and an obesity rate that is two times higher than the average of OECD countries. Also, high awareness towards health & safety measures against hospitals acquired infections (HAIs) will further boost the utilization rate by healthcare employees, doctors, medical stores, and technicians.
Key market participants in the U.S. safety gloves industry are Ansell Limited, Honeywell International, Top Glove Corporation Bhd, Riverstone Holdings Limited, Hartalega Holdings Berhad, Supermax Corporation Berhad, and Rubberex (M) Sdn Bhd.
Several market players are also involved in various strategies and initiatives including technological advancements, product launches, and mergers & acquisitions in order to gain substantial market share. For instance, in February 2019, Ansell launched a unique safety glove product, specially designed for consumers working with rotating tools. This product was launched with customized features in order to cater to the demands and feedback of the professionals.
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