BUSINESS: Hand Protection Equipment Global Market Size, Share & Trends Analysis To 2028: Demand For Nitrile Gloves To Witness 7.2% CAGR – ResearchAndMarkets.com

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By Daniel Webster, dWeb.News Publisher

DUBLIN–(BUSINESS WIRE)–The “Hand Protection Equipment Market Size, Share & Trends Analysis Report by Product (Disposable, Durable), by Raw Material (Nitrile Gloves, Vinyl Gloves), by End Use, by Region, and Segment Forecasts, 2019 – 2028” report has been added to ResearchAndMarkets.com’s offering.

The global hand protection equipment market size is expected to reach USD 30.6 billion by 2028.

The market is expected to expand at a CAGR of 6.7% from 2019 to 2028. Market growth is expected to be driven by the increasing awareness of industry participants about the importance of worker safety and security at work due to stringent regulations.

Companies have developed safety guidelines to ensure worker safety and have prioritized safety in order to reduce workplace hazards. This has a positive impact on overall operational costs, which can be reduced through compensation or arbitrated settlements. With the increasing prevalence of infectious disease, the demand for hand protection equipment is on the rise.

The healthcare sector is expected to see an increase in demand for hand protection equipment due to increased awareness of safety and health precautions related to emergencies as well as the treatment of patients. Hand protection is being increasingly used due to the potential for blood-borne pathogens being transmitted on-the job. Hand protection equipment manufacturers are increasing their production capacity by expanding production facilities. For instance, In March 2020, Hartalega purchased land to expand its glove production facilities in Sepang, Malaysia, as the demand for hand protection has surged owing to the COVID-19 pandemic.

Hand Protection Equipment Market Report Highlights

The durable gloves segment dominated the market and accounted for 56.5% of the global revenue share in 2020 owing to the increasing demand for high utility and durable protective gloves in various industries such as oil and gas, mechanical, machinery, and refining
The demand for nitrile gloves is estimated to witness a CAGR of 7.2% over the forecast period owing to their ability to provide high puncture resistance, excellent barrier protection, and high durability
The penetration of hand protection equipment in the healthcare industry is estimated to witness a CAGR of 8.8% over the forecast period, on account of the increasing product adoption to limit the spread of COVID-19 infection caused through surface contact
Europe accounted for 31.0% of global revenue share in 2020 owing to the presence of stringent norms concerning occupational health and safety established by regulatory bodies European Commission and the European Committee for Standardization
India is expected to witness a CAGR of 9.4% over the forecast period, on account of the growing concerns regarding high-risk activities in the construction and manufacturing sectors
Manufactures of the market are focusing on introducing new technologies for manufacturing gloves and integrating them across various stages of the value chain in order to gain a competitive edge in the market

Key Topics Covered:

Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 2. Hand Protection Equipment Market Trends & Scope Chapter 4. COVID-19: Impact Analysis

Chapter 5. Hand Protection Equipment Market: Trend Analysis Chapter 6. Hand Protection Equipment Market: Trend Analysis Chapter 7. Hand Protection Equipment Market: Trend Analysis Chapter 8. Market for Hand Protection Equipment: Trend Analysis HTML3_Chapter 9. Competitive Landscape

Adenna Llc
Ammex Corporation
Atlantic Safety Products, Inc.
Cardinal Health
Globus (Shetland) Ltd.
Halyard Health, Inc.
Hartalega Holdings Berhad
Kimberly-Clark Corporation
Kossan Rubber Industries Bhd
Mapa Professional
Mcr Safety
Medline Industries, Inc.
Sempermed USA, Inc.
Superior Gloves
Top Glove Corporation Bhd

For more information about this report visit https://www.researchandmarkets.com/r/lgrla2.

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We offer the most current data on the global and regional markets, top companies, and new products.

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