Industrial safety gloves are hand protective garments that are designed to reduce severe hand injuries in complex working condition. These are increasingly being used in several industries in order to assure employees safety. According to the report by Future Market Insights, the global industrial safety gloves market is expected to witness substantial growth during the forecast period 2017 – 2026. The sale of industrial gloves is estimated to be valued at US$ 9,500 Mn by the end of 2026 and expected to register a moderate CAGR of 4.6%.
What are the dynamic aspects to increase demand for industrial safety gloves?
- Rapid growth in several industrial sector such as healthcare, manufacturing, construction and chemicals among others
- Enforcement of stringent regulations by OSHA (Occupational Safety and Health Administration) to increase safety of workforce
- Increasing demand for eco-friendly raw material in production of industrial safety gloves
- Strong focus on emphasizing over sustainability and comply to green manufacturing technologies and processes
- Growing adoption of disposable gloves among end use industries
Increasing adoption of ecofriendly materials is expected to restrain non-productive power consumption and reduce overall cost of manufacturing process. Several manufacturers are focusing to reduce the amount of effluent and waste in production of industrial safety gloves and lessen the reliance on conventional resources by using natural raw material. Thereby, manufacturers can reduce the carbon footprint in overall industrial safety gloves manufacturing from raw material supply to finishing line.
What is the market scenario?
Industrial safety gloves are widely used several end use industries such as manufacturing industries, oil & gas, construction, transportation, chemicals, pharmaceuticals, mining, defense & material, agriculture and food & beverages. Among these, demand for industrial safety gloves are likely to remain high in manufacturing industries. Revenue generated from sales of industrial safety gloves in transportation and mining is expected to register parallel growth during the forecast period. Moreover, food & beverage industries are anticipated to witness robust growth thus likely to surge demand for industrial safety gloves in the near future.
Growing awareness regarding health and safety of employees to assure safe work environment has led to increase adoption of industrial safety gloves. This is attribute to increasing number of incidences of fatal accidents at work station/ sites which affects the efficiency of overall operations carried out at that work place. Thus, end use industries are making efforts to provide cost effective industrial safety gloves to their employees. Disposable gloves are being highly preferred by end use industries for its low cost and convenience in disposing them. Others like nitrile gloves and neoprene glove are highly likely to remain in demand owing to OSHA regulation.
Where can market players find profitable growth?
Industrial safety gloves market players are expected to gain potential opportunities in the North America followed by Europe. Enforcement of stringent regulations related to health and safety of workforce in end use industries attribute to surge demand for industrial safety glove in these regions. The Asia-Pacific excluding Japan (APEJ) is expected to offer tremendous opportunities for industrial safety gloves manufacturers owing to increasing construction activities. Emerging economies like China, India and other ASEAN countries are anticipated to remain as lucrative regional market during the forecast period.
Who are the key stake holders in industrial safety gloves market?
Several manufacturers are focusing to establish long-term relations with regional distribution channel and suppliers in order to maintain continuous supply of their products across various end use industries. Major companies such as 3M Co., Honeywell International Inc., Bullard, Kimberly-Clark, Alpha Pro Tech Ltd., E I Du Pont De Nemours and Co., Uvex Safety Group and Grainger, Inc. are operating in industrial safety gloves market.
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