+1-888-308-5802     
News Contact Us

Industrial Safety Gloves Market to witness remarkable proceeds over 2019-2024, global industry valuation to exceed USD 9 billion by 2024

Author : Rahul Varpe | Published Date : 2019-03-14 

North America industrial safety gloves market accounted for over 35% share in 2017. Strong presence of large-scale industries such as automotive, chemical, machinery & equipment will drive regional growth. Moreover, the stringent regulations implemented by the regional regulatory bodies such as OSHA, ANSHP on occupational safety will encourage product adoption rate.

Increasing awareness among the business owners about worker's safety coupled with stringent regulations to prevent occupational hazards will drive industrial safety gloves market. In 2016, the U.S. Department of Labor and Bureau of Labor Statistics stated that nearly 2.9 million workplace injuries and illness have been reported due to improper utilization of personal protective equipment. Industrialist are expected to implement precautionary measures to reduce such incidents, thereby fostering product demand.

Occupational accidents result in huge losses in terms of lives, reimbursement to families, infrastructure damages, work disturbance and legal issues. Manufacturers have comprehended the negative impacts of these occurrences on the manufacturing process as well as the company's reputation. This will garner higher spending on personal protective equipment, thus supplementing industrial safety gloves market growth.

To access a sample copy or view the Industrial Safety Gloves Market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/771

Stringent standards set by regulatory bodies such as OSHA, EU, American National Standard for Hand Protection (ANSHP) will encourage manufacturers to adopt protective measures to improve worker safety. In addition, hand protection also offers dual benefit of protection from hazards and preventing commodities from contaminants, which in turn, augments product application scope.

Mechanical industrial safety gloves dominate the market accounting for over 55% of the volume share in 2017. Key properties including excellent cut resistance, grip, dexterity and abrasion resistance likely to fuel product adoption rate. Strong application outlook for mining, automotive, heavy machinery equipment, assembling plants and industrial handling will boost their industry share over the forecast timeframe. They are highly durable and work effectively in machinery manufacturing, handling and maintenance.

Multi-purpose industrial safety gloves emerged as the fastest growing segment with over 8.4% CAGR up to 2024. Exceptional resistance to abrasion, cut and permeation has enhanced its utilization in key industries such as automotive, chemical and machinery & equipment. The high-performance material used in its manufacturing enables longevity, which has enhanced its adoption rate among industrialists.

Natural rubber held the largest share in material segment accounting over 46% volume share in 2017. It offers resistance against most acids, chlorine, formaldehyde & bases along with high durability, dexterity, fit and comfort. The product is also biodegradable, which makes them an environmentally friendly and cost-effective option, thereby fostering industrial safety gloves market over the forecast timeline.

Nitrile gloves are estimated to grow at 6.6% CAGR up to 2024. The product offers exceptional chemical resistance, tactile sensitivity, dexterity, comfort and puncture resistance when compared to vinyl and rubber material. Increasing necessity to maintain hygienic conditions in critical environment and prevent the risk of chemical, microbial & bacterial contamination will bolster industrial safety gloves market.

Automotive is estimated to be the largest application and was valued at over USD 1.5 Billion in 2017. Rapid expansion of automotive industry in developing economies including China, Brazil and South Africa owing to favorable macroeconomic conditions will enhance product sales over the forecast period. Extensive use in body painting, press shop operations, assembling operations and dexterity applications will provide strong business outlook for manufacturers.

The global industrial safety gloves market is highly fragmented owing to the presence of both regional and multinational players. Top Glove Corporation Bhd, Ansell Limited, Riverstone Holdings Limited Rubberex (M) Sdn Bhd and Honeywell International are among the major manufacturers in the business. Include Mergers & acquisition, product development, capacity expansions and collaborations are key strategies adopted by the market players to gain market share. For instance, in April 2018, Top Glove Corporation Bhd completed the acquisition of Aspion Sdn Bhd, a Malaysian glove manufacturer.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. 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. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Polyacrylamide Market to garner extensive remuneration from water treatment application

Published Date: 2019-03-22         Author: Rahul Varpe

Polyacrylamide market for water treatment is projected to rise with more than 8% CAGR by 2024. Escalating population primarily in the emerging economies has been increasing waste water coming from industrial and household sector. Improving laws imposed by ministries and regulators in the Asia Pacifi... Read More

Construction Industry To Majorly Contribute Towards Global Acoustic Insulation Market Growth

Published Date: 2019-03-22         Author: Rahul Varpe

Major acoustic insulation products include extruded polystyrene, glass wool, cellulose & aerogel, and rock wool. Extruded Polystyrene acoustic insulation market revenue is expected to surpass USD 9 billion by 2025, owing to its dense structure and moisture resisting property.  Cellulose &am... Read More

Global Medical Styrenic Polymer Market to hit USD 4.5 billion, North America to emerge as a prominent growth avenue by 2024

Published Date: 2019-03-22         Author: Rahul Varpe

North America medical styrenic polymer market covered 40% of the overall share in 2016 and will collect considerable revenue by 2024, owing to the rise in spending on healthcare and medical sector. North America has witnessed lucrative development in the healthcare and medical sector pertaining... Read More

© 2019 Fractovia. All Rights Reserved