Industrial Safety Gloves Market Regional Analysis & Growth Trends over 2018 to 2024
Date: 2019-01-04   Author: Rahul Varpe  Category: #market

Industrial Safety Gloves Market Regional Analysis & Growth Trends over 2018 to 2024

The qualitative research study conducted by Global Market Insights, Inc. titled “Industrial Safety Gloves Market” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Industrial Safety Gloves Market.

Industrial Safety Gloves Market size is estimated to surpass USD 9 billion by 2024. 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.

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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.

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.

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.

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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.

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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.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
Phone:1-302-846-7766
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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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