Industrial Safety Glove Market In Asia Pacific Has The Highest Potential For Revenue - FMI

By the end of 2026, the nearly US$ 6 billion market for industrial safety gloves is anticipated to reach US$9.6 billion, growing at a CAGR of over 4.5% from 2017 to 2026.

According to a recent study by Future Market Insights, the industrial safety glove market is steadily expanding, primarily due to the accelerating adoption of workplace safety measures and ongoing R&D regarding innovative task-specific safety equipment.

The Industrial Safety Gloves Market Landscape

A few major manufacturing companies dominate the industrial safety gloves market with their own distinctive selling strategies. The industrial safety gloves market is highly competitive globally. Key players in the industrial safety gloves market, including 3M, Honeywell, and DuPont, currently control 15-30% of the market's value in terms of individual revenue shares.

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Acknit, Lakeland, Uvex, Carolina, and United Glove are just a few of the significant group of industrial safety glove market participants that account for individual market shares of no more than 15%.

A recent research insight by Future Market Insights predicts a fiercely competitive scenario governing the global industrial safety gloves market landscape in the near future with a significant cumulative share anticipated for domestic players in the market.

ASEAN & ANZ Shape the Growth of APEJ's Industrial Safety Gloves Landscape

APEJ's industrial sector has recently grown more active due to rampant industrialization, highlighting the expanding importance of workplace and occupational safety. Even though APEJ has recently shown strong growth, it still frequently runs into significant problems with workplace labour safety. According to statistics provided by the ILO, over a million people die from occupational injuries each year across Asia (International Labour Organization).

In spite of the fact that this shows how profitable the APEJ region is for industrial safety glove manufacturers to penetrate, Australia and New Zealand, in addition to ASEAN nations, are predicted to make a significant contribution to growth.

These nations have long been forerunners in setting industrial safety standards, giving them an advantage over rivals throughout the Asian rim in the market for industrial safety gloves.

Industrial Safety Gloves Market-Competitive Landscape Analysis

Although the demand for industrial safety gloves from various industries is constantly growing, there are also more suppliers than ever before, which has significantly increased buyers' bargaining power in the industrial safety glove market.

The strong presence of numerous retail and wholesale distributors in the global industrial safety gloves market, which includes both online and offline stakeholders in the industrial safety gloves market, will keep suppliers' bargaining power low, though.

Following the various industrial certifications required for the production of industrial safety gloves, Future Market Insights anticipates new entrants to the industrial safety glove market to seize high-potential opportunities in emerging economies.

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Over the foreseeable future, new product development will continue to command attention in the industrial safety glove landscape as leading companies in the market view it as being of utmost importance for a differential lead over the competition in the industrial safety glove market.

In order to specifically meet the demanding needs of dentistry, Ansell Ltd. recently introduced a new line of dental examination gloves called the Micro-Touch Denta-Glove Series. More recently, the KC Performance LED Light Glove, a high-performance patented glove introduced by LEDLife.us, represents an effort to integrate fit, form, and function.

In addition, Showa revealed the arrival of a brand-new safety glove called the Showa 379, which has extra flexibility and chemical resistance to set itself apart from rivals in the market for industrial safety gloves.

Product Type:

Leather gloves
Aluminized gloves
Aramid gloves
Disposable gloves
Synthetic gloves
Metal Mash
Fabric gloves
coated fabric gloves.
Chemical Protective Gloves
Rubber Insulating Gloves

End User:

Manufacturing
Construction
Petroleum and natural gas
Transportation
Pharmaceuticals
Chemicals
Food
Mining
Agriculture
Maritime and Defense

Region:

North America
Latin America
Europe
Japan
APEJ
MEA

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

This release was published on openPR.