Surging awareness towards workers’ security in mining, construction, chemical, healthcare, oil & energy, and machinery industries will propel industrial safety gloves market growth. Improved regulatory scenario to reduce occupational risk across the various industries is likely to boost product penetration.
During handling sharp edge materials such as glass, metal, or abrasion materials require cut resistance gloves to achieve superior quality finished products will instigate demand. Chemicals and oil & gas industry will remain the key contributor, as these jobs possess high accident probability. Worker and employees are highly recommended for wearing hand protection measures under organizational rules and regulations for lower accidental chances escalating industrial safety gloves market growth.
The European Commission set up standards in regulations, EC 1935/2004 provides definition regarding usage of objects & materials during working with foodstuffs. In regulation EU 10/2011 substantiated the preventive measures requirement while working in respective manufacturing, processing and handling food materials. These factors are instigating adoption to prevent contamination, diseases and bacterial growth in the consumable product range will drive industrial safety gloves market share.
The technological advance product range includes inflammable, antifungal, cut resistance, heat and acid resistance benefits provided by major companies to prevent fatal accidental damages. The product is designed to protect the user from injuries, heat & cold, harmful chemical reaction, and handling high-temperature materials during working in critical operations. Industrial safety glove industry has a wide portfolio of material includes Nitrile, natural rubber, vinyl, neoprene and polyethylene supporting market revenue.
Rapid automation adoption resulting in decreasing manpower requirement is among major concern for declining of industrial safety gloves across industries. Rising technological advancement, particularly in Artificial Intelligence along with high adoption of IoT in several countries, may hamper product demand in the coming years.
Nitrile gloves observed over USD 535 million sales in 2017, large application scope of medical, dental, healthcare, food processing and pharmaceutical industry has positively influenced demand. Nitriles gloves are FDA approved product and possess excellent protection advantages such as stretch ability, durability and chemical resistance during operations, thus fostering demand.
Machinery and automotive industries together captured more than 30% of the market share in 2017. Increasing demand for rubber product range in several industries due to high elasticity, superior insulating property, and reusable benefits are among key factors generating strong product demand.
North America industrial safety gloves market will exhibit USD 2.6 billion revenue by 2024. Favorable regulations regarding health security have resulted in positive adoption among end-user industries. For instance, OSHA has set guidelines under Occupational Safety and Health (OSH) Act that has been implemented across the nation. U.S. Department of Labor and National Safety Council strongly promotes usage of protective measures in high health risk-prone industries to avoid accidental damages on health.
Global industrial safety gloves industry share is consolidated, as leading companies hold more than 70% share. Supermax Corporation, Latexx partners, Hartalega, Kossan, Ansell and Top Gloves are key industry players. Other key companies include Showa, Towa Corporation, Longcane Industries, Dipped Product, Rubberex, RFB, Honeywell International, Acme, Riverstone Holding, and MCR.
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