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Industrial Safety Gloves - Market Outlook | Recent Trends and Growth Forecast 2020-2025

New research report on Industrial Safety Gloves market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Industrial Safety Gloves market also includes an in-depth study of the industry's competitive scenario.

Increasing accidents in workplaces have led regulatory bodies such as OSHA and EU to lay down stringent norms and regulations to ensure protection standards in the workplace. As per the Bureau of Labor Statistics and National Safety Council, more than 180,000 U.S. workers sustained lost-time hand injuries in 2017. Improved regulatory scenario to protect workers from different hazards such as electrical hazard, thermal hazard, mechanical hazard, snags, and cuts is likely to boost product penetration over the forecast period.

Increasing concern pertaining to the financial cost incurred in lost production time, medical expenses and workers compensation across oil & gas, automotive, construction, and chemical industries is likely to propel industrial safety gloves market. As per OSHA, the financial cost of hand injuries is more than USD 300 million in the U.S. annually. Safety assessment programs adopted by various industries to reduce financial burden posed by hand and wrist injuries will offer myriad opportunities for industry participants over the projected timeframe.

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Natural rubber segment will witness over 6.5% CAGR up to 2025. Natural rubber is extensively used in applications where protection against chemical and liquid is required. It is blended with other components to manufacture gloves that protect against hazards caused by cuts. Besides, it is ideal for industrial applications such as processing & recycling, fabrication, metal stamping, glass & window, manufacturing, aerospace, and HVAC.

Industrial Safety Gloves - Market Outlook | Recent Trends and Growth Forecast 2020-2025
Industrial Safety Gloves - Market Outlook | Recent Trends and Growth Forecast 2020-2025

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The American National Standard Institute (ANSI) upgraded its hand protection standard from ANSI/ISEA 105-11 to ANSI/ISEA 105-16. European Union also upgraded its testing standard from EN388-2003 to EN388-2016. These new updated standards aim in meeting ergonomic design demands and improved standards from end-users. The upgraded standard also facilitates standardization for determining cut levels and provides a more coherent way to identify gloves actual cut resistance, providing end-users more clarity on product features.

Oil & gas application will showcase considerable growth with over 6.3% CAGR from 2019 to 2025. Manufacturers are extensively engaged in improving standards of gloves for oil & gas application as cut, pinching, crushing, and puncture hazards make up most of the serious hand injuries sustained by workers. Also, arch flash protection and back of hand protection gloves with superior grip for oily environment will further support the segment growth as injuries from arch flash incidents are increasing.

Chemical & liquid protection product is anticipated to witness significant gains over 7.0% by 2025 as it supports diverse applications including protection against hydraulic fluids and acids. Properties such as anti-impact, oil & water resistance, and improved grip for providing protection in cold weather coupled with innovative design trends will further support the product demand. Chemical & liquid protection products are also suited for diverse task areas such as oil haulers, oil rig & platform, and pipeline.

Asia Pacific is expected to hold over 15% market share by 2025 as the region witnessed rapid expansion of industrial output over the past few years. Emerging markets including China, Japan, and India are seeing high demand for product as an increasing percentage of workers live and work in these markets. Additionally, factors such as availability of cheap natural gas, water and labor and substantial support from the government are likely to support the market growth in this region.

Honeywell International, Inc., Acme, Blaklader B.V, Ansell Limited, Ejendals AB, Atlas Safety Products, Arco Limited, and Hartalega Holdings Berhad are among the major industry participants. The industrial safety gloves market share is fragmented in nature due to the presence of international, and regional players. Mergers & acquisitions, technological innovations, new product development, and strategic collaborations, are among the key strategies to gain significant competitive share by the major industry players. For instance, in August 2015, ATG launched a new version of the MaxiCut cut resistant glove. The new product, Maxicut Ultra, was developed utilizing its AirTech micro-foam nitrile coating that strengthened the company?s product line.

Major Highlights from Table of contents are listed below for quick lookup into Industrial Safety Gloves Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Industrial Safety Gloves Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Industrial Safety Gloves Market Statistical model and forecast
  • Industry insights and validation
  • Industrial Safety Gloves Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Industrial Safety Gloves industry 360º synopsis - 2025
  • Industrial Safety Gloves Business trends
  • Region trends

Chapter 5. Industrial Safety Gloves industry Insights

  • Industrial Safety Gloves Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Industrial Safety Gloves Market Growth potential analysis

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