Industrial Safety Is Fastest Growing Segment Fueling The Growth Of Industrial Gloves Market


https://www.coherentmarketinsights.com/market-insight/industrial-gloves-market-770
Industrial Gloves Market



Market Overview:

Industrial gloves help protect hands from industrial hazards such as chemicals, vibration, extreme temperatures, and biological agents. They provide barriers against injuries and infections and helps employees perform tasks efficiently while ensuring safety.

Market key trends:

Growth in manufacturing sector and rising safety awareness among workers are driving the industrial gloves market. Strict government regulations in developed nations regarding use of industrial gloves have boosted adoption. Furthermore, increasing cases industrial accidents that damage hands have pushed companies to focus on employee safety by supplying proper protective equipment like gloves. Advancements in materials for improved grip, cut and puncture resistance have also expanded the product range available to customers.

Segment Analysis
The global industrial gloves market is segmented based on type, material, and end use industry. Based on type, the market is divided into reusable gloves and disposable gloves. The disposable gloves segment dominates the market as they offer optimum protection from chemicals and prevent cross-contamination. Disposable gloves are used once and then discarded, making them more hygienic and contamination-free compared to reusable gloves.

The global Industrial Gloves Market Growth is estimated to be valued at US$ 8614.72 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways
The global industrial gloves market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing awareness about hand safety in industries.

The market size for industrial gloves is expected to reach US$ 8614.72 Mn by 2023. Asia Pacific dominated the global market in 2023, accounting for around 35% of the total share, owing to strong presence of manufacturing industries in countries such as China and India. Europe is expected to grow at a rapid pace during the forecast period due to stringent worker safety regulations in the region.

Key players operating in the industrial gloves market include Top Gloves, Honeywell Safety Products, 3M Corporation, Ansell, Showa Group, Corolina Glove & Safety Company, Superior Gloves, Southern Gloves Inc., UVEX Safety Group, Longcane Industries, Shangdong Yuyuan Latex Gloves, Marvel Glove Industries, and Kanam Latex Industries Pvt. Ltd. Top Gloves leads the market with over 25% share due to its wide product portfolio and geographical reach.



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