Global Industrial Safety Gloves Market Overview:
Increasing consciousness to improve labor safeguard from accidental risk at the workplace is feeding industrial safety gloves market growth. High adroitness occupations in the construction, automotive, mining, chemical, and oil & power industry are stimulating market expansion. Improved monitoring organization to enhance workplace protection and reduce occupational risks across the industries will bolster product penetration.
Stringent guidelines directed by the OSHA and ANSI, along with the action taken by governing officials of several democracies have imposed laws for the risk-free workplace. Extensively promoting knowledge to closely monitor operator safety and to provide protective accessories while serving will augment the product adoption.
Technological improvements in the production process will provide a lucrative trade outlook for industrial security gloves manufacturers. For instance, D3O’s smart elastomer technology produces the high energy absorption capacity, which contributes approximately 50% impact reduction in the transmitted force in several manufacturing processes.
The global industrial gloves market is expected to reach around US$ 15,221.1 Mn by 2022. The market is expected to grow in terms of volume sales at a CAGR of 8.1% during the period 2017-2022.
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Global Industrial Safety Gloves Market -Drivers and Restraints:
Reusable industrial safety gloves are high in command for protection against chemical dangers while working with detrimental elements and substances. Easily achievable contamination departure from scrubbing with soap and water to keep these commodities safe will improve demand. The necessity to improve hand protection while handling materials and equipment in excessively hot & cold surfaces will propel the business growth.
Disadvantages such as skin irritation, inflammation and redness of the hands due to its direct connection with latex proteins may limit the product demand. Latex gloves results are expected to pull back industry growth owing to their allergic skin difficulties among some group of workers. Fluctuating raw stock prices of natural rubber, nitrile and polymers may limit sales due to volatile production cost.
Global Industrial Safety Gloves Market-Geographical Segmentation:
North America industrial safety gloves market provided more than USD 1.8 billion sales in 2017. Occupational Safety and Health Act that has been performed across the nation along with the Department of Labor and National Safety Council actively promoting the higher usage of protective devices.
The Asia Pacific industry is projected to observe over 7.5% CAGR from 2018 to 2024. The region is among the biggest producer of natural rubber and accounted for over 12,325 thousand tonnes in 2017. The prices of real rubber across the globe are highly depended upon the supply-demand in that area. Easy availability of natural rubber makes the region as the leading producer of industrial safety gloves market. Indonesia, Thailand, and Malaysia are among the top producers and mainly export to Europe and North America by the global exchange dealers, distributors, and retailers.
Global Industrial Safety Gloves Market-Major players:
The major players include Ansell, Ejendals Ab, Hartalega Holdings Berhad, Supermax, Honeywell, Kossan Rubber, Lebon Protection, Riverstone, Showa Glove Co, Supermax, Top Glove, Uvex, and Towa.
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