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Mechanical Industrial Safety Gloves Market to Register Exponential Growth over 2024

Author : Rahul Varpe | Published Date : 2019-04-08 

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.

Increasing awareness among the business owners about worker's safety coupled with stringent regulations to prevent occupational hazards will drive Mechanical 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 Mechanical Industrial Safety Gloves Market growth.

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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.

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

  • Mechanical
  • Multi-purpose
  • Cut protection
  • Oil repellent
  • Specialized
  • Chemical & liquid protection
  • Chemical solutions
  • Single use / disposable
  • Thermal
  • Special protection

Mechanical Industrial Safety Gloves Market, By Material

  • Nitrile Gloves
  • Natural Rubber Gloves
  • Vinyl Gloves
  • Neoprene Gloves
  • Polyethylene Gloves
  • Others

Mechanical Industrial Safety Gloves Market, By Application

  • Automotive
  • Chemical
  • Machinery & equipment
  • Metal Fabrication
  • Oil & Gas
  • Mining
  • Others (critical & confined environment)

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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 Mechanical 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

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