by Industrial hand protection gloves are protective gloves that are specially designed for a variety of purposes in industries such as oil and gas, construction, healthcare, manufacturing, mining, automotive, food processing, and chemical. These gloves provide protection against mechanical, thermal, chemical, biological, or radiological hazards that are likely to cause injury in the workplace. Growing awareness among employers and employees regarding workplace safety and stringent occupational safety regulations are majorly driving the demand for industrial hand protection gloves. Industrial activities related to manufacturing, construction, oil & gas, chemical processing expose workers to risks of cuts, burns, impacts, friction, and foreign objects entering the body. Such risks require safety gloves, which are gaining rapid adoption across industries for protection of hands during hazardous works.
The global Industrial Hand Protection Gloves Market is estimated to be valued at Us$ 14201.83 Mn in 2023 and is expected to exhibit a CAGR Of 13% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing demand for workplace safety and stringent government regulations regarding use of industrial safety gloves are major drivers fueling growth of the industrial hand protection gloves market. Furthermore, increasing industrialization and rapid urbanization are resulting in growth of manufacturing and construction industries worldwide. According to the International Labour Organization, an estimated 2.78 million workers suffer from workplace-related accidents or diseases each year. This growing number of industrial accidents is expected to further drive demand for protective hand gloves over the forecast period. Strict policies mandating use of protective gloves for workers exposed to hazardous working conditions will continue to propel market revenue. Additionally, rising awareness among workers and employers about importance of hand safety during operations will positively influence the market growth through 2030. However, high procurements and production costs associated with specialty and high-performance gloves may restrain market growth.
Segment Analysis
The global industrial hand protection gloves market dominated by the chemical resistant gloves segment. Within the chemical resistant gloves segment, nitrile gloves hold the major market share as they provide excellent resistance against chemicals and have better elasticity than latex or vinyl gloves. Nitrile gloves are preferred across industries such as oil and gas, automotive, chemical, construction and others where workers are exposed to hazardous chemicals on a daily basis.
PEST Analysis
Political: Stringent worker safety regulations across regions are driving the demand for industrial hand gloves. Governments are enforcing use of certified gloves in hazardous work environments.
Economic: Growth of end-use industries such as oil and gas, automotive, construction is supporting the expansion of the industrial gloves market. Investments in safety equipment boost market revenues.
Social: Rising awareness about occupational health and safety is encouraging use of protective equipment at workplaces. Workers are more cautious about safety risks on jobs.
Technological: Manufacturers are focusing on developing gloves with improved durability, flexibility and resistance to chemicals/cuts using advanced materials. Some integrate technologies like tactile sensors for touch interface.
Key Takeaways
The Global Industrial Hand Protection Gloves Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing investments in worker safety.
Regional analysis:
The North American region holds the largest market share currently due to strict occupational safety laws in the US and Canada. Major industries like oil & gas, automotive, construction and chemical are driving demand. The Asia Pacific region is expected to witness fastest growth led by China, India and other developing nations on account of growing industrialization and expanding manufacturing sector.
Key players operating in the industrial hand protection gloves market are EcoFlow Tech, Goal Zero, Renogy, Anker Innovations Limited, BioLite Inc., Nekteck Inc., Suaoki, X-DRAGON, ALLPOWERS, RAVPower, BigBlue. The market is fragmented with numerous global and regional suppliers. These leading players are focusing on new product launches, partnerships and expansions to gain higher shares.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
