What's driving the Asbestos Gloves Market Share? Safety, Acme Safety, JOMAC Canada, Unarco, Steel Grip, Ansell and Towa Corporation

Asbestos Gloves Market will witness substantial growth from industrial applications due to superior heat resistance capability and excellent flexibility. Shifting focus towards labor safety & security across construction, mining, manufacturing and chemical industry will propel the industry growth. As per analysis, gloves reduce the risk of hand injury by about 60%, making it one of the most efficient industrial personal protective equipment.

Rapid industrialization particularly in China, Russia, India, Mexico, Brazil, and South Africa has enhanced the product demand. Increasing manufacturer focus towards their employee safety & security to maintain company standards and values will propel asbestos gloves market growth. Rising product demand for metalworkers, welders and glassblowers owing to superior heat resistance, up to 350O C will boost product penetration.

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Stringent occupational safety regulations enacted by government and regulatory institutions to ensure safety from fire and heat will support asbestos gloves demand. Under Occupational Safety and Health Act of 1970, OSHA is accountable for sustaining healthier and safe working conditions for workers primarily in areas that are surrounded by contaminated, hazardous and extreme heat conditions. ASTM International and National Fire Protection Association (NFPA) also formulated standards to ensure labor safety and health.

Stringent regulations on asbestos usage due to its toxicity may restrain industry growth. As per analysis, increased product usage may result in release of loose fibers into atmosphere causing environment pollution. Increasing incidences of diseases including mesothelioma and cancer caused due to product usage may negatively impact the industry expansion. However, heavy R&D activities and technological advancements to reduce health hazards will provide positive outlook for asbestos gloves market growth.

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Europe asbestos gloves market holds a significant share in the global industry share. Globally, Russia is the largest producer of asbestos material accounting for 53% of the overall production in 2016. However, European Union will witness sluggish industry growth due to restrictive standards on product usage particularly in Denmark, Germany, Italy, Netherlands, Norway and Sweden.

Asia Pacific asbestos gloves market is expected to witness substantial growth in forecast period. Abundant presence of mining reserves particularly in China and Kazakhstan will support business growth. Rapid industrialization has enhanced safety gears demand particularly in China, India, Japan and Taiwan. Increasing number of manufacturing facilities with furnace and incidences of high temperature material handling will further propel industry demand.

MEA asbestos gloves market will witness notable gains in forecast period. Rapid urbanization and industrial development are key factors supporting industry demand. Increasing disposable income along with awareness regarding fire safety measures will boost the industry size. High application scope in petrochemical industry to ensure safety from explosive and highly flammable compounds will support product penetration.

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Global asbestos gloves market share is highly fragmented due to presence of large number of regional manufacturers operating in domestic market. Supreme in Safety, Acme Safety, JOMAC Canada, Unarco, Steel Grip, Ansell and Towa Corporation are among major industry players. Other notable participants include Fisher Scientific Company, Guard-Line, Top Glove, Rubberex, National Safety Solution, Protector Fire & Safety, Core Safety Group and Oriental Enterprises. Heavy R&D investments and product innovations are prime strategies adopted by major players to reduce the harmful effects of product.

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