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

Asbestos Gloves Market Overview:

The 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 (North America, Europe, 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 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. 

 

 

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COVID-19 Impact on 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 global 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.

 

Asbestos Gloves Market Dynamics:

The rising number of steel plants & increasing glass production activities are expected to boost the market size of asbestos gloves from 2024 to 2030 globally. In order to maintain firm standards, increased industrialization among most developing countries has paved the way for improved employee safety and security. In businesses such as foundries, steel factories, and glassworks, asbestos protective equipment is widely used. The market will continue to rise as welders, metalworkers, and glassblowers increase their use.

 

Another major driver for market growth is the increasing government backing and rising instances of hand injuries. According to the United States Bureau of Labor Statistics, out of a total of 286,810 non-fatal occupational hazards to upper extremities that resulted in days away from work in private business in 2021, more than 123,990 affected hands.

 

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.

 

Asbestos Gloves Market Segment Analysis:

Based on Type, the 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 Asbestos Gloves Market is classified into Construction, Mining, Steel Plants, Glasswork, Firefighting, chemical and others. Glasswork, Firefighting 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.

 

Asbestos Gloves Market Regional Insights:

North America, the country with the major share in the asbestos gloves market, is expected to grow significantly over the forecast period. The growth would be achievable due to marketing analytics technologies and existing companies who have been in the market since the start. Furthermore, government organizations, businesses, third-party administrations, and others are focusing their efforts on developing customer-centric goods, which will help the Asbestos Gloves Market in this region to grow. The asbestos gloves market is expected to grow significantly due to rising demand, greater income, updated technology and machinery, as well as efforts to raise awareness of the requirement.

 

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.

 

As the key players of the asbestos gloves market concentrate on expanding their businesses globally, regions such as the Middle East & Africa will see stable growth. Because small-scale producers are competing for a significant share of the market in Latin America, the region will see significant growth. Europe, on the other hand, is considered to be experiencing sluggish growth due to environmental regulations and well-developed countries.

 

To understand the Asbestos Gloves industry 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 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 Asbestos Gloves Market.

 

Asbestos Gloves Market Scope:

Asbestos Gloves Market
Market Size in 2023	USD 376.13 Mn.
Market Size in 2030	USD 459.45 Mn.
CAGR (2024-2030)	2.9%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Two-Fingers Five Fingers
	by Application Construction Mining Steel Plants Glasswork Firefighting Chemical Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Asbestos Gloves Market Key Players:

• Supreme in Safety (India)
• Acme Safety (India)
• JOMAC (Canada)
• Unarco (USA)
• Steel Grip (USA)
• Ansell (Australia)
• Towa Corporation (Japan)
• Fisher Scientific Company (USA)
• Guard-Line (USA)
• Top Glove (Malaysia)
• Rubberex (Maaysia)
• National Safety Solution (India)
• Protector Fire and Safety (India)
• Core Safety Group (India)
• Oriental Enterprises (India)