The Global Industrial Hand Protection Gloves Market is estimated to be valued at US$ 11,485.1 million in 2023 and is expected to exhibit a CAGR of 11.20% over the forecast period 2022-2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial hand protection gloves provide safety and security while performing tasks that involve exposure to hazards. They protect hands from mechanical, thermal, chemical, and biological hazards. Different industrial applications require gloves with specific properties in terms of durability, fit, tactile sensitivity, and resistance to abrasion.
Market key trends:
The growing importance of workplace safety is driving the demand for industrial hand protection gloves market. Stringent worker safety regulations across countries coupled with rising awareness about potential occupational hazards have increased the adoption of personal protective equipment such as gloves. Furthermore, the growing construction and manufacturing industries worldwide has augmented the demand for Cut-resistant gloves, insulating gloves, chemical-resistant gloves and other specialized gloves. Advances in glove making technology allowing manufacturers to incorporate additional protective features like crush-resistant technology, tactile sensitivity, and anti-bacterial coatings in gloves have also propelled the market growth.
Segment Analysis
The global industrial hand protection gloves market is segmented by product, material, end use industry and region. Based on product, disposable gloves dominates the market and accounted for around 60% of the total market share in 2021. Disposable gloves are preferred for tasks involving chemicals, oils and greases as they help prevent cross-contamination. They are affordable and provide adequate protection for general industrial use.
Key Takeaways
The Global Industrial Hand Protection Gloves Market is expected to witness high growth, exhibiting CAGR of 11.20% over the forecast period, due to increasing safety regulations in manufacturing and chemical industries.
The US accounted for the largest share of over 30% of the global industrial hand protection gloves market in 2021. Stringent workplace safety laws and widespread manufacturing activities have driven the growth of the region. Europe is also a major market growing at a CAGR of 10%.
Key players operating in the industrial hand protection gloves market are Kossan Rubber Industries Bhd, Uvex Group, 3M Company, COFRA Srl, Hartalega Holdings Berhad, MCR Safety, Top Glove Corporation Berhad, Midas Safety Inc., Protective Industrial Products, Inc., Ansell Limited, Honeywell, Kimberly Clark Corporation, and Alpha Pro Tech Limited. These players are focusing on new product launches and geographical expansion to gain market share.
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