Industrial Safety Gloves Market to be driven by the escalating demand for lightweight material, stringent regulatory norms to fuel the industry expansion over 2018-2024
The latest scoop regarding immigrant workers that sparked controversy in the UK has come forth as a wake-up call for industrial safety gloves market players. The incident highlighted the sorry plight of immigrant workers who, in addition to being meagerly paid and threatened with deportation, are rarely provided with gloves while washing cars with bare hands and strong shampoo. The fact that this issue is being termed as “modern slavery” goes to show that basic employee safety is now being considered a human right rather than a necessity and that industries, no matter how big or small, have to abide by such regulations. This trend has substantially augmented industrial safety gloves market outlook in addition to encouraging manufacturers to bring forth newer products in the industry that boast of increased safety features.
North America Industrial Safety Gloves Market, By Material, 2017 & 2024, (USD Million)
Industrial safety gloves market growth driven by cost-effectiveness
Even more than a decade back, studies had brought to the forefront compelling figures that can account for the solid stance of the industrial protective gloves market back then. The study conducted by the U.S. Centers for Disease Control and Prevention found that nearly 1,080,000 emergency room visits per annum by workers in the US can be contributed to hand injuries. Hand and finger lacerations also accounted for more than 110,000 days-away-from-work.
During the same time, according to figures compiled by the U.S. Bureau of Labor Statistics, the American Road and Transportation Builders Association, the National Safety Council, and the International Safety Equipment Association, it was found that the construction industry in the US spends $48 million to compensate for hand injuries rather than the $8.3 million it should be spending by simply equipping all workers with protective gloves. Companies have now come to understand that the amount spent to cover the cost of hand injuries every year is greater than the amount spent to provide laceration and abrasion resistant gloves and ensuring their use. This realization has only served to increase in the last few years, majorly propelling industrial safety gloves industry trends.
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Safety gloves market to be dominated by lightweight materials
In the past it has often been noticed that though safety gloves were provided, workers often took them off to gain the sense of toughness and increased dexterity to perform tasks. However, the advent of innovations in industrial safety gloves industry and advancements in the glove manufacturing process has ensured that wearing gloves during work is more rewarding than cumbersome. Traditional leather and heavy polymer glovers are being replaced with lighter and ergonomically designed ones that are registering more acceptance among workers.
Lightly coated, flat-dipped gloves have found increased popularity among workers as they are not only comfortable but also cut down on hand fatigue. Industry players are working to develop lightweight gloves that encourage continual wear and can be used to perform a broad range of tasks. Gloves coated with PVC, natural rubber, nitrile or polyurethane are garnering wider recognition for use in performing a variety of tasks as they are easier to work with and are therefore worn longer. According to estimates, natural rubber industrial safety gloves industry size was valued at over $1.7 billion in 2017. Nitrile industrial safety gloves market size however, driven by improved chemical and barrier protection, is anticipated to register a CAGR of 8% over 2018-2024.
An extensive application base to drive industrial protective gloves market growth
The application spectrum of industrial protective gloves market is appreciably widespread. The construction industry, for example, has emerged as one such field of work where the requirement for safety gloves is a basic necessity. Prominent players have been manufacturing special gloves to protect workers from lacerations received from handling rough and sharp building materials such as glass, roofing or metal; chemical burns; the possible poisonous effects of chemicals in Portland cement and injury from the materials and tools handled in the course of a day’s work.
Another industry that does not involve as much danger of lacerations but requires increased use of safety gloves to avoid particle contamination is the semiconductor industry. The vertical is expected to dominate the disposable gloves market with a target valuation of $500 million by 2024.
With rising awareness about the extent to which hand injuries to workers can cost the company, myriad countries have been found to impose strict standards for glove strength in industrial use. For instance, the American National Standards Institute has developed the ANSI/ISEA 105 which rates gloves on a numeric rating scheme for mechanical, chemical, thermal, dexterity and other performance standards. On the other hand, EU standard EN 388, which is applied in EU as well as recognized globally, rates gloves for tear, puncture, abrasion and blade cut resistance. As safety and quality maintenance becomes more stringent in the industry, industrial safety gloves market is expected to exceed $7.2 billion by 2024.
Author Name :Paroma Bhattacharya