Market Research Report
Global Industrial Safety Gloves Market - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||708552|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Global Industrial Safety Gloves Market - Growth, Trends, and Forecast (2018 - 2023)|
|Published: September 18, 2018||Content info: 110 Pages||
Globally, industrial safety gloves market is projected to grow at the growth rate of 9.7% during the forecast period 2018 to 2023. Growing demand of efficient gloves with better grip and convenience are the encouraging the key players to do continuous product development and launches. For instance, Showa launched safety glove named, Showa 379 gauntlet, which is provide extra chemical resistant and highly flexible. Owning to highly fragmented nature of the market, expansion and acquisition are seen as the key strategies adopted by major players. For example, Ansell Ltd acquired BarrierSafe Solutions International, a leading North American provider of single-use gloves.
Growing awareness about safety and hygiene at workplaces is anticipated to drive the market growth across the globe. Additionally, stringent rules & regulations and rapid industrialization is encouraging the usage of safety equipment including gloves at different workplaces, which is supporting the market growth from last few years. However, deviations in raw material prices and growing presence of unorganized sector is restricting the expansion and development of the market. Numerous initiatives taken by the government associations and continuous R&D activities for product development are likely to create development opportunities for the market. Growth of labor concentrated industries such as construction and healthcare is expected to influence the demand of different industrial security equipment including safety gloves.
Growing innovation in nitrile gloves is anticipated to drive the market across the globe. For example, Hartalega Holdings Bhd developing the worlds first non-leaching antimicrobial nitrile examination glove into the market which will reduce hospital-acquired infection compared to other safety gloves. Additionally, the nitrile gloves are gaining popularity in the various healthcare and other chemical manufacturing industries due to their allergy-free properties, durable nature, and puncture resistance. Key players of the disposable industrial gloves are focusing to improve their production capacity to fulfill the growing demand of disposable gloves from various industries. Major companies are acquiring the small players from developing economies to strengthen their presence in the potential countries and regions. For instance, Ansell Ltd acquired Hands International, a manufacturer and supplier of specialized knitted glove liners in Colombo, Sri Lank.
In Asia-Pacific region, rising presence of various service and manufacturing industries, and stringent government rules and regulations on industrial safety is driving the market growth in the region. For instance, Occupational Safety and Health Administration (OSHA) offers information on worker protection for functioning in various industrial settings with imposing rules and regulations. Industries in North America regions are strictly following safety standards and regulations which is supporting the market growth of industrial safety gloves in the region. Every manufacturing company has a quality department to check the quality of industrial gloves to ensure that the procured gloves are up to the mark in real-time operations which is influencing the demand of high quality safety gloves in the region. In Europe, rising industrialization and growth in the number of workers across the region are major factors expected to support the demand for industrial safety gloves, especially in Germany, France, and Italy.
Industrial Safety Gloves Market Major Key Players- 3M Corporation, Ansell Limited, Hartalega Holdings Bhd, Honeywell International Inc, Kossan Rubber Industries Bhd, Marvel Glove Industries, Rubberex (M) Sdn., SHOWA Corporation, Southern Gloves Inc, Superior Glove Works Ltd, Top Glove Corporation Berhad and Towa Corporation, among others.
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5. Industrial Safety Gloves Market By Geography