The global industrial gloves market was recorded to have asales value of US$ 42.1 Bn in 2018. The market isexpected to grow in terms of volume sales at a CAGR of 9.3% duringthe period 2019-2027. The industrial gloves market is expectedto reach market size of US$ 91.4 Bn in 2027.
Accidents at the workplace have become a significant concern, paving theway for the influx of industrial gloves. Protective gloves are used in placeswhere workers are more susceptible to cuts, injuries, infection, andcontamination. According to an article published by World Economic Forum, morethan 2 million people die at work each year. Many such cases are because oflack of health and safety awareness.
Industrial gloves are commonly used to protect workers from suchaccidents. Gloves are used in several end-use industries such as manufacturing,food and beverage, construction, automobile, and pharmaceuticals. Peopleworking in these industries require proper safety, which is pushing the demandfor industrial gloves. The usage of such gloves minimizes accidents that happenin workplaces. Increasing awareness about workers safety has led end-useindustries to utilize industrial gloves for their workers. For example,according to American Society for Testing and Materials (ASTM), Method F739-96specifies a test-cell design and procedure for measuring
the permeation resistance ofchemical protective clothing including gloves.
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Additionally, as per Section 19 of Occupational Safety and HealthAct 1984, in Australia, it is mandatory to provide employeeswith adequate personal protective equipment as per the different industriesconcerned. Therefore, increasing awareness about worker safety is anticipatedto drive the industrial glove market. Considering all these factors, impact ofthis driver is expected to remain medium.
The price of Disposable Gloves is less than Reusable Industrial Glovesand is expected to remain the same in the forecasted period. Neoprene glovesare expected to remain costly during the forecasted period. There is a goodopportunity from end-use industries such as oil and gas, mining, food,construction industry in global Industrial Gloves market. Developing economiesare generating exponential growth & demand globally.
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Key players operating in the global industrial gloves market are 3MCorporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries,Semperit A.G., Showa Group, HartalegaSdn. Bhd., Dipped Products Plc. and UvexGroup.
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