Safety gloves is fastest growing segment fueling the growth of Industrial Hand Protection Gloves Market
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| Industrial Hand Protection Gloves Market |
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
are used in various industries like manufacturing, food processing,
construction, oil and gas, and others to protect hands from external risks like
chemicals, heat, sharp objects etc. Safety gloves made of materials like
Kevlar, leather and neoprene provide dexterity along with cut and heat
resistance.
Market key trends:
There is an increasing demand for
safety gloves made of lightweight, cut and heat resistant materials across
industries. One of the key trends in the market is development of durable
gloves with advanced breathable and flexible fabrics that provide protection
without compromising on comfort and dexterity during long work hours.
Manufacturers are focusing on producing eco-friendly gloves using renewable
resources to cater to rising environment sustainability requirements of
organizations. They are also offering customized glove solutions for industries
involving handling of hazardous chemicals and waste to ensure complete hand
protection.
Segment Analysis
The global industrial hand
protection gloves market is segmented into reusable gloves and disposable gloves.
Among these, the disposable gloves segment dominates the market and accounts
for around 60% share of the overall market. Disposable gloves are mostly
preferred in industries such as chemical, automotive, food and beverage and
healthcare, owing to the need for complete hygiene and minimal risk of
cross-contamination.
Key Takeaways
The Global
Industrial Hand Protection Gloves Market Size is expected to witness
high growth, exhibiting CAGR of 11% over the forecast period, due to increasing
safety awareness among industries.
The Asia Pacific region is
expected to be the fastest growing as well as largest market for industrial
hand protection gloves during the forecast period. The growth of the market in
the region can be attributed to rapid industrialization and growing safety
concerns in major economies of Asia Pacific such as China and India.
The Asia Pacific region dominates
the global industrial hand protection gloves market and is expected to exhibit
a CAGR of around 12% during the forecast period. Rapid industrialization and
growing manufacturing sector in countries such as China, India, Indonesia, and
Vietnam has been a key factor driving the demand for industrial hand protection
gloves in the region. Additionally, growing awareness on worker safety and stringent
workplace safety regulations are further fueling the market growth.
Key players analysis
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.
Key players operating in the industrial hand protection gloves
market are focusing on new product launches and expansion strategies to gain a
competitive edge in the market. For instance, in 2021, 3M launched a new range
of cut-resistant gloves made of DuPont Kevlar material to provide additional
protection from lacerations. Similarly, Honeywell launched the Nano Care Series
fingerless glove in 2020 made with nitrile coating to provide advanced grip and
dexterity.
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