Press release
APAC Industrial Safety Gloves Market to achieve 8% growth up to 2024
Industrial Safety Gloves Market
Industrial Safety Gloves Market size is estimated to exceed USD 7.2 billion by 2024; according to a new research report by Global Market Insights, Inc.Increasing construction industry growth propelling requirement for worker protection measure along with manufacturing business performance are instigating global industrial safety gloves market share. Rising awareness in countries including China, India, Brazil and South Africa owing to economic growth and industrialization are stimulating product demand.
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U.S. Department of Labor and Occupational Safety and Health Administration (OSHA) administrate and implement (OSH) Act regarding protection of worker’s health and safety across the nation. Improved industry protection measure and organizational protocol comprise of health concern along with security guidelines are strictly followed by workers & employee in maintaining product quality, will foster industry growth.
Industrial safety gloves market comprises latex material which causes skin problems include itching, skin rashes, redness and swelling cases has been noted across the industry. These factors are expected to hamper market growth during forecast time frame.
Natural rubber material segment is expected to witness more than 6.2% growth up to 2024. Increasing demand for rubber protection for handling electrified components, wiring, and engineering tools requires insulating material for shock protection fueling industry growth by manufacturing, automotive and power generation.
Nitrile products market generated over USD 535 million revenue in 2017. Surging demand for product owing to physical protection from chemical, contamination, and diseases fueling product demand. It has large application including medical professionals, healthcare, dental, petrochemicals, veterinaries, nurses, and salon & spa and tattoo artists are fostering market share.
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Supportive knitted industrial safety gloves market contributed around 50% share in 2017. Rising demand for the supportive knitted product in mechanical working to provide thermal & chemical resistance from materials in automotive and warehouse application instigating market growth.
Cut gloves market is anticipated to witness over 6.5% CAGR up to 2024. Rising demand for arm protection gloves owing to handling sharp edge materials such as glass, metals, and abrasion are driving product demand across industries.
Semiconductor segment is projected to be valued more than USD 550 million by 2024 owing to preventing contamination risk is among key aspects boosting industrial safety gloves market size.
Pharmaceutical applications is expected to generate strong demand owing to the high risk of chemical contamination supporting product demand. To prevent fatal diseases, deadly viruses and poisonous bacteria need health protection measure by wearing hand mask during critical experiment instigating product demand.
North America industrial gloves market size was over USD 1.7 billion in 2017. Regional growth is mainly contributed by the U.S. owing to strong government intervention, favorable regulation for employee health & security is among major drivers fueling regional industry growth.
Global industry share is highly consolidated in nature owing to leading companies captured around 60% market share in 2017. The major companies include Latexx Partners, Supermax Corporation, Hartalega, Ansell and Top Gloves are major participants. Other players including Honeywell International, MCR, Acme, Riverstone Holdings, Longcane Industries, Rubberex, Towa Corporation, RFB, and Showa are contributing in market share. Increasing competition giving rise for the necessity to introduce wide range in new product development to improve competitive edge.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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