Global Industrial Hand Protection Gloves Market is Estimated to Witness Growth Due to Stringent Safety Regulations and Growing Emphasis on Worker Safety
The global Industrial Hand Protection Gloves Market is estimated to be valued at US$ 11.87 billion in 2024 at a CAGR of 13.7% over the forecast period (2024-2031). Stringent worker safety regulations across industries such as oil & gas, construction, and manufacturing are expected to drive the demand for industrial hand protection gloves. Furthermore, growing awareness about the importance of hand safety among workers to avoid accidents is also propelling the market growth.
Market Dynamics:
The global industrial hand protection gloves market is primarily driven by stringent worker safety regulations across various industries globally. Regular amendments in safety standards by regulatory bodies such as Occupational Safety and Health Administration (OSHA) and American National Standards Institute (ANSI) have imposed the strict use of protective hand gear for workers involved in hazardous operations. This is expected to significantly boost the demand for gloves over the coming years. Additionally, growing awareness among employers about the importance of worker safety is also prompting them to offer enhanced hand protection solutions to their workforce. This has led to the increased adoption of high-quality cut and puncture resistant gloves particularly in micro-abrasive industrial operations. Rising emphasis on worker safety on the back of growing industrialization will continue to create lucrative opportunities for industrial hand protection gloves market during the forecast period.
Increasing Demand for Personal Protective Equipment (PPE) is Driving Growth in the Industrial Hand Protection Gloves Market
There is growing awareness about workplace safety across various industries globally such as manufacturing, construction, oil and gas, chemical, and others. Strict regulatory compliances regarding the use of personal protective equipment (PPE) are being implemented by authorities to reduce accidents at workplaces. Industrial hand protection gloves are considered as one of the most essential types of PPE used in hazardous work environments to protect hands from dangers such as cuts, burns, chemical splashes and other injuries. The implementation of safety standards by regulatory bodies and increasing focus on workers' safety is a major factor fueling the demand for industrial gloves. Various industries are now emphasizing on providing appropriate hand protection to their workforce which is strengthening the growth opportunities for players in this market.
Growth of End-use Industries such as Construction, Automotive, Oil & Gas is Boosting Sales of Protection Gloves
The demand for industrial hand protection gloves is strongly correlated with the performance of end-use industries. Rapid urbanization and infrastructure growth in developing regions has boosted the global construction industry where hand injury risks are high. Similarly, the reviving automotive industry is propelling the automotive components manufacturing industry. The oil and gas industry is also growing steadily with increasing energy demands. All such industries actively use industrial gloves for tasks like metal fabrication, machinery operation, welding, etc. Therefore, the expansion of application areas across diverse end-use sectors is positively impacting the sales revenues in this market. Market players are continuously enhancing their product portfolios to match the specifications required for ensuring safety in uniquely challenging industrial processes.
Availability of Low-cost Alternatives can Challenge Market Growth
The availability of low-cost alternatives like reusable cotton or nitrile gloves poses a major challenge for manufacturers of specialized industrial protection gloves. Workers especially in price-sensitive small and medium enterprises often prefer using cheaper substitutes despite their lower durability and protective abilities. Developing proprietary production techniques which allow price leadership while maintaining product quality can help overcome this restraint. Additionally, lack of compliance for mandated safety standards in some regions can restrict the market reach for protection gloves. Absence of strict enforcement of regulations related to workplace safety fails to drive consistent demand. Infrastructural and compliance issues in emerging nations are key restraining factors for industry players.
Focus on Developing Economies will Open New Avenues of Growth
While the demand for industrial safety equipment is well-established in developed markets, developing economies present lucrative untapped opportunities. Countries like India, Indonesia, Vietnam, Mexico, and others are undergoing active industrialization which increases the requirements for personal protective equipment. Environmental regulations and safety norms in these regions are also strengthening. Rising industrial projects, growing focus on worker wellness programs and implementation of international safety standards will majorly drive the sales of protective gloves. Market players can tap into such emerging markets by expanding distributor networks, introducing low-cost products and promoting product benefits to boost sales volumes.
In addition, the adoption of innovative materials, advanced technologies and novel product designs can open new growth prospects. Development of antimicrobial and anti-static gloves, usage of composite fabrics, options for different climatic conditions and integration of smart features are some areas which players are increasingly exploring. Such product innovations will continue expanding applications and gaining greater appeal among industries. Overall, a combination of favorable demand drivers as well as new opportunities arising from worldwide infrastructure growth will ensure steady progress of the industrial hand protection gloves market in the future.
Link - https://www.coherentmarketinsights.com/market-insight/industrial-hand-protection-gloves-market-4710
Key Developments:
- In June 2023, Ansell Limited, an Australian company which manufactures protective industrial equipment and medical gloves successfully launched its packing and irradiation operations at its new facility in Kovai, India. The company also invested approximately US$ 80 million in its greenfield manufacturing facility in India, enabling it to expand its product offerings and focus on developing a growth strategy to solidify its presence in the region.
- In February 2023, Ansell Limited, an Australian company which manufactures protective industrial equipment and medical gloves completed the acquisition of the remaining 50% shareholding in Careplus (M) Sdn Bhd, a leading manufacturer of surgical gloves. This strategic move granted Ansell Limited full ownership and operational control of the Careplus facility, enabling the company to leverage opportunities for new product development, selective insourcing, capacity expansion, and manufacturing productivity improvements. The acquisition also enhanced Ansell Limited's supply chain and provided greater control over the quality of its surgical, life science, and exam glove products, allowing the company to better serve its customers and meet the growing global demand for these products.
- In September 2022, J. J. Keller & Associates, the source for DOT Transportation, OSHA Workplace Safety, Construction and Human Resources (HR) products and services, introduced an expanded line of SAFEGEAR Industrial Gloves that covers all ANSI cut levels, from A1 to A9. The new nitrile-coated products include A5 gloves with 25% steel fiber, A8 gloves with 40% steel fiber, and A9 gloves with 30% tungsten wire. This line extension not only enhanced the company's product portfolio but also supported its geographic expansion and overall business growth.
- In August 2022, Supermax Healthcare Canada, a subsidiary of Supermax Corp Bhd, a disposable glove manufacturer entered into a strategic partnership with Minco Wholesale & Supply Inc. through a formal agreement. This partnership enables the distribution of Supermax Corp Bhd's products, including rubber gloves, masks, and non-woven cotton medical products, across North America.
Key Players:
3M Company, Ansell Limited, Bunzl Plc, Delta Plus Group, Honeywell International Inc., Kimberly-Clark Corporation, Kossan, Semperit Group, Supermax Corporation, Top Glove, Showa Glove Co., The Glove Company, Uvex Group, Radiants, and Partron Co. Ltd.
