|12-31-2018 05:40 AM CET - Business, Economy, Finances, Banking & Insurance||
Industrial Safety Gloves Market 2024 Trends & Regional Revenue By Top Manufacturers Top Glove, Ansell, Hartalega, MCR Safety
Press release from: Global Market Insights Inc.
According to a new research report by Global Market Insights, Inc. Industrial Safety Gloves Market size is estimated to surpass USD 9 billion by 2024. Rising awareness about the workers’ wellbeing and the increasing number of occupational fatalities in the manufacturing sector will be the key impetus for the industrial safety gloves market penetration.
The global industry share is highly fragmented with the presence of large number of multinational as well as regional manufacturers. Ansell Limited, Honeywell International, Top Glove Corporation Bhd, Riverstone Holdings Limited and Rubberex (M) Sdn Bhd are among the major manufacturers in the business.
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Industrial safety gloves market growth driven by cost-effectiveness
Even more than a decade back, studies had brought to the forefront compelling figures that can account for the solid stance of the industrial safety gloves market back then. The study conducted by the U.S. Centers for Disease Control and Prevention found that nearly 1,080,000 emergency room visits per annum by workers in the US can be contributed to hand injuries. Hand and finger lacerations also accounted for more than 110,000 days-away-from-work.
During the same time, according to figures compiled by the U.S. Bureau of Labor Statistics, the American Road and Transportation Builders Association, the National Safety Council, and the International Safety Equipment Association, it was found that the construction industry in the U.S. spends $48 million to compensate for hand injuries rather than the $8.3 million it should be spending by simply equipping all workers with protective gloves.
Companies have now come to understand that the amount spent to cover the cost of hand injuries every year is greater than the amount spent to provide laceration and abrasion resistant gloves and ensuring their use. This realization has only served to increase in the last few years, majorly propelling industrial safety gloves industry trends.
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Industrial safety gloves market to be dominated by lightweight materials
In the past it has often been noticed that though safety gloves were provided, workers often took them off to gain the sense of toughness and increased dexterity to perform tasks. However, the advent of innovations in industrial safety gloves industry and advancements in the glove manufacturing process has ensured that wearing gloves during work is more rewarding than cumbersome. Traditional leather and heavy polymer glovers are being replaced with lighter and ergonomically designed ones that are registering more acceptance among workers.
Lightly coated, flat-dipped gloves have found increased popularity among workers as they are not only comfortable but also cut down on hand fatigue. Industrial safety gloves market players are working to develop lightweight gloves that encourage continual wear and can be used to perform a broad range of tasks. Gloves coated with PVC, natural rubber, nitrile or polyurethane are garnering wider recognition for use in performing a variety of tasks as they are easier to work with and are therefore worn longer.
According to estimates, natural rubber industrial safety gloves industry size was valued at over $1.7 billion in 2017. Nitrile industrial safety gloves market size however, driven by improved chemical and barrier protection, was pegged at 300 million units in 2017.
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An extensive application base to drive industrial safety gloves market growth
The application spectrum of industrial safety gloves market is appreciably widespread. The construction industry, for example, has emerged as one such field of work where the requirement for safety gloves is a basic necessity. Prominent players have been manufacturing special gloves to protect workers from lacerations received from handling rough and sharp building materials such as glass, roofing or metal; chemical burns; the possible poisonous effects of chemicals in Portland cement and injury from the materials and tools handled in the course of a day’s work. Another industry that does not involve as much danger of lacerations but requires increased use of safety gloves to avoid particle contamination is the semiconductor industry.
With rising awareness about the extent to which hand injuries to workers can cost the company, myriad countries have been found to impose strict standards for glove strength in industrial use. For instance, the American National Standards Institute has developed the ANSI/ISEA 105 which rates gloves on a numeric rating scheme for mechanical, chemical, thermal, dexterity and other performance standards. On the other hand, EU standard EN 388, which is applied in EU as well as recognized globally, rates gloves for tear, puncture, abrasion and blade cut resistance. As safety and quality maintenance becomes more stringent in the industry, industrial safety gloves market is expected to exceed $9 billion by 2024.
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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This release was published on openPR.
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