Industrial Safety Gloves Market Estimates & Forecast 2016 – 2023

Industrial Safety Gloves industry is predicted to witness a tremendous growth over the coming years owing to increasing awareness regarding workplace safety, adoption of high-tech safety equipment, and the need to reduce workplace hazards. The requirement of a clean and safe work environment in factories, rapid development in the mining, chemical, automotive, and food processing sectors, and the basic privilege of human resource safety and protection against abrasion, diseases, and chemicals is likely to escalate industry growth. According to Global market Insights, Inc., "Industrial Safety Gloves Market size was worth USD 4.0 billion in 2015 and is anticipated to register a revenue of USD 6.7 billion by 2023."

Product-wise, industrial safety gloves are classified as reusable, which are further sub-divided into supported knitted, knitted, and dipped gloves, and disposable, which are sub-divided into disposable thin mill, cut, general purpose, and chemical gloves. Supported knitted industrial safety gloves market recorded a revenue of more than USD 1.2 billion in 2015 and finds applications in the warehousing, automotive, and construction sectors.

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Industrial safety gloves industry finds a multitude of applications in the construction, food processing, automotive, oil & gas, pharmaceuticals, healthcare, machinery, metal fabrication, electronic, and chemical sectors. Industrial safety gloves market size in the automotive industry is estimated to register a CAGR of 7% over 2016-2023.

In terms of material, industrial safety gloves are categorized into nitrile, natural rubber, vinyl, neoprene, and polyethylene gloves. Nitrile gloves market is expected to register a notable CAGR of more than 8% over 2016-2023, driven by its properties of excellent durability, high resilience to chemicals, and barrier protection.

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Natural rubber gloves industry size recorded a revenue of more than USD 1.6 billion in 2015, and finds applications in natural rubber latex products.

Europe industrial safety gloves market is likely to witness a CAGR of more than 5.5% over 2016-2023, with UK, along with France and Germany, dominating the regional landscape.

Rising concerns regarding occupational hazards, increasing adoption of safety regulations for workers, and developments in the construction sector will drive the North America industrial safety gloves industry. Restraining factors that will hamper this market include toxic reactions and currency inconsistencies.

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Global industrial safety gloves industry is distributed among six powerful participants, namely Latexx Partners, Top Gloves, Kossan, Ansell, Supermax Corporation, and Hartalega, together accounting for a market share of more 70%. The industry is highly consumer-driven and requires shareholders to step into the shoes of customers and understand their needs.

Global industrial safety gloves market share is highly consolidated with top six companies accounting for over 70% of total share in 2015. Ansell, Top Gloves, Hartalega, Kossan, Latexx Partners and Supermax Corporation are key notable players. Other industrial participants include Acme Safety, Honeywell International, MCR Safety, RFB, Rubberex, Towa Corporation, Dipped Products, Showa, Longcane Industries and Riverstone Holdings.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.