Industrial Hand Gloves Market To Reach A Valuation Of Over USD 9 Mn With 3% CAGR For Forecast Period 2016-2022

Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Industrial Hand Gloves Market Research Report.

Market Synopsis:

The growing financial profitability of sectors such as food & beverage, healthcare, chemical, construction, etc. has led to an increased demand of industrial hand gloves owing to its wide range of applications in assuring hygiene, safety, and, sanitary conditions. The players of the market have expanded their product portfolio over the time to satiate the diversified requirements of the consumers. According to the latest report published by Market Research Future (MRFR), the global industrial hand gloves market will reach a valuation of USD 9798 Mn with a CAGR of 3% for the assessment period 2016-2022.

The rising safety concern coupled with labor rights activism has fuelled the market growth as the gloves are a means to safety against cross-contamination, exposure to harmful substances, perilous friction, etc. The market operators offer a plethora of features for the workers to work efficaciously such as lightweight for dexterity, curved fingers for flexibility, inner cotton lining for comfort and grip, etc. which is driving the demand in the market.

The primary restraint of the market is scrimped demand because of automation and robotics that will lead to a loss of almost 800 Mn jobs by 2030 globally.

Access Report @ https://www.marketresearchfuture.com/reports/industrial-hand-gloves-market-2071

Global Industrial Hand Glove Market Segmentation

By product, the market is segmented into reusable gloves, and, disposable gloves. Disposable gloves are apt for workers who need to change gloves often. These gloves are thinner than reusable gloves and have limited resistance towards chemicals and other particulate matter. Reusable gloves, on the other hand, are more durable because of its thickness. Also, disposable gloves don’t require cleaning, unlike reusable ones.

By material, the market has been segmented into, natural rubber, leather gloves, polyethylene gloves, nitrile gloves, neoprene gloves, and, metal mesh gloves. The nitrile gloves exhibit tremendous potential owing to its supreme durability and allergy-free properties. Polyethylene and neoprene gloves markets will also show considerable growth opportunities.

By application, the market is segmented into automotive, healthcare, chemical, construction, and, food & beverage. The applications vary from industry to industry depending on the hygiene, sanitation or protection required while working or operating machinery.

Regional Analysis

By region, the market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and, Latin America. North America is projected as the dominator of the market owing to factors such as thriving industrialization; booming automotive, pharmaceuticals, construction sectors. The stringent laws and regulations mandated by the government to ensure the safety of the workers are also fuelling the growth of industrial gloves market in that region. The introduction of automation and artificial intelligence has led to retrenchment of workers, thereby, cutting down on demand for industrial gloves. Over the last few decades, Asia Pacific region has witnessed an exponential expansion of industry sector of the economy which has accelerated the growth of industrial gloves market in the region owing to rising needs for safety of the workers. The government in emerging economies of Asia Pacific have protruded activism for labor rights over the last few decades which has catalyzed the market growth. The emerging sectors of the economy such as construction, food & beverage, etc. have also amplified the demand for industrial gloves in the region. Moreover, the affluent availability of natural rubber and nitrile rubber in Asian regions will enhance the production capacity of the Asia Pacific Market.

Competitive Dashboard:

The prominent players in the market focus on innovation and product development to meet performance requirements of the customers and expand their product portfolio by the production of gloves that abide by the safety norms of the concerned industry and government. Some of the crucial players with significant shareholdings in the market are Honeywell Safety Products, Protective Industrial Products Inc., Towa Corporation, Shamrock Manufacturing Company, Rubberex, TOWA, Ansell Ltd., Semperit A.G. Holding, Top Glove, Globus (Shetland).

Industry News:

Honeywell has launched a line of cut-resistant and lightweight gloves for protection of workers against perilous injury while performing delicate tactile tasks. The latest Honeywell Perfect Fit A6 Glove assures sensitivity and dexterity for performing manual tasks with precision while safeguarding from cuts and lacerations.