Market Overview

Nitrile Safety Gloves Market Projected to Rise at 6.8% CAGR to 2024

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Nitrile Safety Gloves Market Projected to Rise at 6.8% CAGR to 2024

North America industrial safety gloves market is expected to cross USD 2.6 billion business by 2024 due to favourable regulations regarding health security have resulted in positive adoption among end-user industries.

PR Newswire

SELBYVILLE, Del., Aug. 27, 2018 /PRNewswire-iReach/ -- Industrial safety gloves market from natural rubber material segment is expected to witness more than 6.2% growth up to 2024 owing to increasing demand for rubber protection for handling electrified components, wiring, and engineering tools requires insulating material for shock protection fuelling industrial safety gloves market growth by manufacturing, automotive and power generation.

Nitrile gloves observed over USD 535 million sales in 2017, large application scope of medical, dental, healthcare, food processing and pharmaceutical industry has positively influenced demand. Nitriles gloves are FDA approved product and possess excellent protection advantages such as stretch ability, durability and chemical resistance during operations, thus fostering demand.

Cut gloves market is anticipated to witness over 6.5% CAGR up to 2024. Rising demand for arm protection gloves owing to handling sharp edge materials such as glass, metals, and abrasion are driving product demand across industries.

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Semiconductor segment is projected to be valued more than USD 550 million by 2024 owing to preventing contamination risk is among key aspects boosting industrial safety gloves market size.

During handling sharp edge materials such as glass, metal, or abrasion materials require cut resistance gloves to achieve superior quality finished products will instigate demand. Chemicals and oil & gas industry will remain the key contributor, as these jobs possess high accident probability. Worker and employees are highly recommended for wearing hand protection measures under organizational rules and regulations for lower accidental chances escalating industrial safety gloves market growth.

Rapid automation adoption resulting in decreasing manpower requirement is among major concern for declining of industrial safety gloves across industries. Rising technological advancement, particularly in Artificial Intelligence along with high adoption of IoT in several countries, may hamper product demand in the coming years.

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Machinery and automotive industries together captured more than 30% of the market share in 2017. Increasing demand for rubber product range in several industries due to high elasticity, superior insulating property, and reusable benefits are among key factors generating strong product demand.

The technological advance product range includes inflammable, antifungal, cut resistance, heat and acid resistance benefits provided by major companies to prevent fatal accidental damages. The product is designed to protect the user from injuries, heat & cold, harmful chemical reaction, and handling high-temperature materials during working in critical operations. Industrial safety glove industry has a wide portfolio of material includes Nitrile, natural rubber, vinyl, neoprene and polyethylene supporting market revenue.

Buy this industry insights spread across 300 pages with 181 market data tables & 11 figures & charts from the report, "Industrial Safety Gloves Market Size By Material (Nitrile, Natural Rubber, Vinyl, Neoprene, Polyethylene), By Product (Reusable [Supported Knitted, Knitted, Dipped], Disposable [Disposable Thin Mill, Cut. General Purpose, Chemical]), By Application (Reusable [Machinery, Automotive, Metal Fabrication, Oil & Gas, Chemical, Construction, Food Processing, Aviation, Healthcare], Disposable [Aerospace, Food Processing, Flat Panels, Medical Devices, Pharmaceuticals, Semiconductors]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024" in detail along with the table of contents:

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Global industrial safety gloves industry share is consolidated, as leading companies hold more than 70% share. Supermax Corporation, Latexx partners, Hartalega, Kossan, Ansell and Top Gloves are key industry players. Other key companies include Showa, Towa Corporation, Longcane Industries, Dipped Product, Rubberex, RFB, Honeywell International, Acme, Riverstone Holding, and MCR.

Browse Related Report "Personal Protective Equipment (PPE) Market"

https://www.gminsights.com/industry-analysis/personal-protective-equipment-PPE-market

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