APAC Asbestos Gloves Market: Industry Overview and Forecast (2024-2030) Type, Application and Region

APAC Asbestos Gloves Market Overview:

The APAC Asbestos Gloves Market was valued at USD 103.57 million in 2021, and is estimated to grow at a CAGR of 2.9 percent to USD 122.95 million by 2027. The APAC Asbestos Gloves Market is studied by segments like Type (Two Fingers, Five Fingers), Application (Construction, Mining, Steel Plants, Glasswork, Firefighting, chemical and Others) and Region (APAC, APAC, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

 

For the forecast period of 2024 to 2030, the report provides a complete analysis that reflects today's APAC Asbestos Gloves Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.

 

 

To get more Insights: Request Free Sample Report

 

COVID-19 Impact on APAC Asbestos Gloves Market:

During the Covid-19 pandemic that lasted for more than 2 years, numerous industries' operations had either been temporarily shut down or were operating with a reduced staff due to government-imposed lockdowns and limitations. This is no different in the APAC Asbestos Glove market, and this aspect is expected to have a substantial negative impact on the industry's revenue growth. Furthermore, the high costs of installing and maintaining of the equipment may limit the Asbestos Glove market's revenue growth throughout the forecast period globally.

 

APAC Asbestos Gloves Market Dynamics:

In Asia - Pacific Region, around 1.1 million individuals die each year as a result of workplace accidents or diseases. A large number of these occupational hazards include hand injuries.  The poorest, most vulnerable, least protected, least informed, and least skilled are the ones who suffer the most. Occupational accidents like hand injuries (burning, cutting, chemical reactions etc.) affect not just the lives of individual workers, but also the productivity and profitability of their businesses, and, eventually, the well-being of their entire society. In Asia and the Pacific, governments, workers, and businesses are stepping up efforts to prevent workplace accidents and infections like using protective gear such as the asbestos gloves in high heat or other dangerous areas.

 

When it comes to Asia Pacific region, the $2 billion market in India, world's largest asbestos importer, with double-digit yearly growth, at least 100 production sites, and 300,000 jobs which is a substantial growth driver of the Asbestos Gloves Market in this region. Asia has become the world's greatest asbestos user, accounting for two-thirds of worldwide asbestos consumption, which now exceeds a million tonnes per year in the region. Asbestos gloves contribute a significant percent to the usage of this huge amount of the material in APAC.

 

Despite the fact that asbestos has long been known to be harmful to the lungs, its use is on the rise. Asia's share of global asbestos gloves use increased from 14% to 64% over the span of 50 years. Asian countries accounted for 6 out of 10 of the top 10 asbestos-consuming countries, with three of the top five asbestos-producing countries which are Russia, China, and Kazakhstan. Thus the increasing use of this material has proved to be an important driving aspect for the Asbestos Gloves Market in APAC.

 

APAC also has a significant number of automotive and steel factories, and glasswork factories, where asbestos protective equipment is widely used. The market will continue to rise as welders, metalworkers, and glassblowers increase their use.

 

The rising number of steel plants & increasing glass production activities in APAC are expected to help grow the market size of asbestos gloves from 2024 to 2030. In order to maintain firm standards, increased industrialization among most developing countries has paved the way for improved employee safety and security.

 

However, when asbestos gloves are frayed, ripped, or torn, the lethal fibres discharge into the air in the form of tiny dust, which may be inhaled by unknowing workers for many hours or even days.  Once inhaled, asbestos fibers get permanently entrenched in the lungs' linings, eventually producing malignant carcinogenic tumors like mesothelioma or even other forms of asbestosis.

 

APAC Asbestos Gloves Market Segment Analysis:

Based on Type, the APAC Asbestos Gloves Market is classified into Two Fingers and Five Fingers. Five Finger gloves has the major share in this segments as there is a liberty for all fingers to move along and operate. It also provides protection from heat, cuts and is ergonomic than two-finger gloves.

 

 

Based on Application, the APAC Asbestos Gloves Market is classified into Construction, Mining, Steel Plants, Glasswork, Firefighting, chemical and Others. Glasswork, Mining and Steel plants and expected to hold a large share as asbestos gloves are commonly used in the workplace to protect employees' hands from extremely high temperatures.  Since asbestos is fire-resistant material, and provides excellent insulation, it was used in the manufacture of many daily items.

 

The production of laboratory and industrial gloves and mittens, which often contained between 40 and 100 percent white chrysotile asbestos, was one of the most popular uses of asbestos. This is because it acts as an effective insulation against the high working temperatures especially for materials like hot glass, molten metals, or dangerous chemicals and caustic acids. Asbestos gloves were employed widely in a variety of industries, including foundries, smelting operations, refineries, power plants, steel mills, glass, ceramic, and textile producers, and firefighting services.

 

APAC Asbestos Gloves Market Regional Insights:

Due to the rapidly rising population, Asia-Pacific is expected to have higher demand over the forecast period. This factor alone explains why the region will continue to dominate its share in the asbestos gloves market during the forecast period. This region has been more urbanized as a result of gains in GDP per capita & infrastructure development, transforming rural regions into urban areas. Cities have fallen into unsustainable consumption systems as a result of the unexpected spike in demand. This region is home to the major players in the asbestos gloves market.

 

Large projects in Asia Pacific countries such as China, Australia, India and Indonesia have the ability to overtake any competition. This is also due to the region's extensive reserves. As China's exploration operations are rising, tin catalysts & compounds may be in high demand. As per the National Bureau of Statistics, regional demand for asbestos gloves will increase during the forecast period.

 

To understand the Asbestos Gloves industry in APAC and study the market trends. Focusing on the Application of Asbestos Gloves, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential.

 

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the APAC Asbestos Gloves Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Asbestos Gloves Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the APAC Asbestos Gloves Market.

 

APAC Asbestos Gloves Market Scope
Market Size in 2023	USD 112.84 Mn.
Market Size in 2030	USD 137.83 Mn.
CAGR (2024-2030)	2.9%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Microfiltration (MF) Ultrafiltration (UVF) Nanofiltration (NF) Reverse Osmosis (RO)
	by Application Municipal Pulp & Paper Chemical Food & Beverage Healthcare Power
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

APAC Asbestos Gloves Market Key Players:

• Supreme in Safety (India)
• Acme Safety (India)
• Top Glove (Malaysia)
• Rubberex (Malaysia)
• National Safety Solution (India)
• Protector Fire and Safety (India)