July 24, 2024

The Growing Awareness On Workplace Safety Regulations Is Anticipated To Open Up The New Avenue For Industrial Hand Protection Gloves Market

Market Overview:

Industrial hand protection gloves are used to protect workers hands from risks such as cuts, punctures, burns, chemicals etc. in industries such as construction, oil & gas, manufacturing, food etc. Different types of gloves are used based on the type of risks such as disposable gloves are used against chemicals, cut resistant gloves for metalworks. Novel materials such as Kevlar, polyethylene and neoprene are used in manufacturing gloves to enhance protection.

Market Dynamics:

The increasing awareness regarding workplace safety and stringent regulations for worker safety across industries is a major growth driver for this market. Growing industrialization and construction activities across developing nations is also fueling the demand. Additionally, rising focus on ergonomics and protection against new risks such as cellulose nanofibers is creating new opportunities. However, availability of counterfeit products offering lower protection at reduced prices poses a challenge.

Segment Analysis

The global industrial hand protection gloves market is segmented by material, product, end-use industry and geography. Based on material, the market is classified into latex gloves, nitrile gloves, neoprene gloves, leather gloves and others. Nitrile gloves dominate the market as they provide excellent chemical and puncture resistance while remain comfortable to wear for long duration work.

PEST Analysis

Political: Stringent worker safety regulations across developed regions are driving the market growth.

Economic: Rising industrialization in developing nations is positively impacting market size.

Social: Increasing awareness about workplace safety among industrial workers favors adoption.

Technological: Advancements in glove material for improved durability, flexibility and breathability.

Key Takeaways

The Global Industrial Hand Protection Gloves Market Demand is expected to witness high growth, exhibiting 11% CAGR over the forecast period, due to increasing worker safety compliances. Regionally, Asia Pacific dominates the market and is expected to witness fastest growth, owing to significant manufacturing activity in China and India.

Key players operating in the industrial hand protection gloves market are Kossan Rubber Industries Bhd, Uvex Group, 3M Company, COFRA Srl, Hartalega Holdings Berhad, MCR Safety, Top Glove Corporation Berhad, Midas Safety Inc., Protective Industrial Products, Inc., Ansell Limited, Kimberly Clark Corporation, Honeywell, and Alpha Pro Tech Limited.

The global Industrial Hand Protection Gloves market size for 2023 is US$ 14201.83 Mn. North America is the dominating regional market due to stringent worker safety regulations. Key players like 3M, Ansell and Honeywell are focusing on new product launches for technologically advanced gloves to strengthen their market position.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it