The global Industrial Hand Protection Gloves Market is estimated to be valued at Us$ 14201.83 Mn in 2023 and is expected to exhibit a CAGR Of 11. % over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial hand protection gloves help shield hands from abrasions, cuts, splinters, burns, severe impacts, bites, and potential disease transmission during industrial activities. They are essential protective gears for workers operating in various industrial sectors including manufacturing, construction, oil and gas, chemicals, and mining among others.
Market key trends:
One of the key trends in the industrial hand protection gloves market is growing demand from emerging economies where construction and manufacturing industries are rapidly expanding. China, India, Indonesia, Brazil, and Mexico have seen increased investments in infrastructure and industrial development which has propelled demand for hand safety gloves. Furthermore, strict worker safety regulations introduced by governments globally have boosted adoption of hand protection gear across industries. Also, technological advancements likedeveloping lightweight and breathable fabricswithout compromising durability have increased glove comfort and worker productivity.
Segment Analysis
The global Industrial hand protection gloves market is segmented by product type into reusable gloves and disposable gloves. Disposable gloves dominant the market and hold around 60% market share. The high demand for disposable gloves is primarily attributed to their protection from biological and chemical contamination as these gloves are meant to be discarded after single use. Disposable gloves find extensive application in industries such as oil & gas, construction, chemicals and healthcare.
Key Takeaways
The Global Industrial Hand Protection Gloves Market Demand is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing awareness regarding hand safety compliance standards in industries.
Regional analysis
Asia Pacific dominates the global industrial hand protection gloves market and holds around 35% share of the total market revenue. Rapid industrialization in countries such as China, India and Indonesia is one of the major drivers boosting the demand for industrial hand protection gloves in the region.
Key players
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, Kimberly Clark Corporation, Honeywell, and Alpha Pro Tech Limited. Kossan Rubber Industries Bhd and Top Glove Corporation Berhad hold significant market share due to their diverse product portfolio and extensive distribution channels across regions.
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