Transparency Market Research delivers key insights on the global chemical protective gloves market. In terms of revenue, the global chemical protective gloves market is estimated to expand at a CAGR of 6.4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global chemical protective gloves market.
The global chemical protective gloves market is affected by several factors, including increased awareness about occupational hazards and stringent regulatory framework. This is expected to drive the market during the forecast period.
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Chemical Protective Gloves Market: Dynamics
Gloves worn on the hand prevent injury from direct skin contact with hazardous materials. It is important that the proper type of glove is worn when handling hazardous chemicals. Failure to follow proper precautions when wearing chemical gloves can result in serious injury due to exposure to hazardous chemicals.
The demand for extensive range of products and customization service capabilities is on the rise. Several key players in the market are focusing on the use of online platforms to market their chemical protective gloves and reach a broader audience. This is expected to increase demand for chemical protective gloves during the forecast period.
Chemical accelerators are used in glove manufacturing to hasten the linkage of molecules in natural rubber latex or in synthetic rubber latex such as nitrile and vinyl. The accelerants transform the liquid materials into thin, strong, and elastic glove films.
Different manufacturers use different chemical combinations and nearly all manufacturers leach wash their gloves to minimize residual chemicals in the final product. Rising incidents of skin allergies due to prolonged use of chemical protective gloves at workplaces is likely to hamper the market growth in the upcoming years. Manufacturers in the market are focusing on innovating new products, which may minimize the occurrence of allergic reactions in order to address this issue.
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Rapid industrialization is one of the prime reasons for the growth and development of various end-use industries. Increasing industrial activities is leading to rise in occupational hazards and injuries, which, in turn, is creating lucrative opportunity for the chemical protective gloves market across geographies, especially in developing regions. Rapid industrialization has led to robust growth in chemicals, manufacturing, food, transportation, and pharmaceutical industries, which will positively favor the growth of the chemical protective gloves market.
Chemical Protective Gloves Market: Prominent Regions
In terms of region, North America held major share in the global chemical protective gloves market in 2020. Rise in the number of chemical related hazards is one of the major reasons leading to the increased use of chemical protective gloves in the North America market. Stringent government regulations regarding the usage of chemical protective gloves in various end-use industries are significantly driving the market in North America.
Moreover, manufacturers in North America are mainly focusing on investing in the development of new products to stay competitive in the market. However, Asia Pacific is expected to register a significant growth in the global chemical protective gloves market during the forecast timeline. This growth can be attributed to rapid industrialization, and growing chemical, oil gas, and mining industries in this region, and also to the rise in the number of occupational hazards. The safety supplies sector in North America is anticipated to witness significant growth.
The U.K. registers considerable share of the Europe chemical protective gloves market. It held major share of the market in 2020, followed by Germany and France.
Strict government policies across Europe regarding the usage of chemical protective gloves in various end-use industries to prevent occupational hazards are propelling the growth of the market. Moreover, Germany is a hub for leading automotive manufacturers and also houses various other manufacturing industries. This is also boosting the sales of chemical protective gloves in the Germany market. Automotive, food beverage, and chemicals are some of the major industries contributing to the expansion of the economy in Europe.
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China held major share of the chemical protective gloves market in Asia Pacific in 2020. China has the largest working population in the world - about 776 million in 2020, and most workers spend half their lives working. The Chinese Government is prioritizing occupational health in its action plan. Strict government regulations in various end-use industries are primarily driving the expansion of the chemical protective gloves market in China.
Japan is home to some leading manufacturing giants and major industrial hub in the Asia Pacific region. Manufacturers in Japan are increasingly focusing on product innovation, and have also introduced technologically advanced equipment to ensure safety and gain increased share of the market. Rapid industrialization and rise in construction activities are key factors boosting the sales of chemical protective gloves in the Indian market. However, low awareness among consumers in developing countries is restraining the market growth to some extent.
Chemical Protective Gloves Market: Key Players
Key players operating in the global chemical protective gloves market are Ansell Ltd., Honeywell International, Inc., Magid Glove Safety Manufacturing Company LLC., The 3M Company, Newell Brands (Mapa Professional), SHOWA GROUP, Uvex Safety (Uvex Group), Dipped Products PLC, Lakeland Industries, Inc., and Superior Glove.
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