Asbestos Glove Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 1596.38 Million
Market Size 2032 (Forecast Year) USD 2434.37 Million
CAGR 4.8%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

According to Market Research Store, the global asbestos glove market size was valued at around USD 1596.38 million in 2023 and is estimated to reach USD 2434.37 million by 2032, to register a CAGR of approximately 4.80% in terms of revenue during the forecast period 2024-2032.

Global Asbestos Glove Market Size

The asbestos glove report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global Asbestos Glove Market: Overview

Asbestos Gloves are protective gloves made from asbestos fibers, known for their high resistance to heat and chemicals. Historically, these gloves were used in industries such as metalworking, firefighting, and manufacturing, where workers were exposed to extreme heat.

However, due to the hazardous nature of asbestos, particularly its link to lung diseases and cancers, the production and use of asbestos gloves have significantly declined.

Key Highlights

  • The asbestos glove market is anticipated to grow at a CAGR of 4.80% during the forecast period.
  • The global asbestos glove market was estimated to be worth approximately USD 1596.38 million in 2023 and is projected to reach a value of USD 2434.37 million by 2032.
  • The growth of the asbestos glove market is being driven by continued use of asbestos in legacy industries with less stringent regulations and the demand for high-heat-resistant protective gear in specialized applications.
  • Based on the type, the five-fingers segment is growing at a high rate and is projected to dominate the market.
  • On the basis of application, the manufacturing segment is projected to swipe the largest market share.
  • By region, North America is expected to dominate the global market during the forecast period.

Asbestos Glove Market: Dynamics

Key Growth Drivers

  • Industrial Applications: Asbestos gloves were traditionally used in industries like construction, manufacturing, and mining due to their heat-resistant properties and durability.
  • Historical Demand: In regions with less stringent regulations, there might still be a residual demand for asbestos gloves in specific niche applications.

Restraints

  • Health Hazards: Asbestos exposure is linked to serious health conditions like mesothelioma and lung cancer. This has led to strict regulations and a decline in asbestos use.
  • Substitute Materials: The development of safer and more effective alternatives like heat-resistant synthetic materials has reduced the need for asbestos gloves.

Opportunities

  • Regulatory Changes: While unlikely, changes in regulations or interpretations could potentially open up new markets for asbestos gloves, though this would be highly controversial.

Challenges

  • Environmental Concerns: Asbestos is a hazardous material that poses risks to both workers and the environment. Its disposal and management are subject to strict regulations.
  • Negative Public Perception: Due to the well-documented health risks associated with asbestos, there is a strong negative public perception that could hinder its use even if regulations were to change.

Asbestos Glove Market: Segmentation Insights

The global asbestos glove market is divided by type, application, and region.

Segmentation Insights by Type

Based on type, the global asbestos glove market is divided into two fingers type and five fingers type.

The five-fingers asbestos gloves segment dominates the market due to their flexibility and versatility across various industrial applications. These gloves offer individual finger movement, making them highly suitable for tasks requiring precision, such as handling small tools or equipment in high-temperature environments. Their ability to provide enhanced dexterity without compromising on heat resistance or safety makes them more popular in sectors like manufacturing, metalwork, and glass handling.

The five-finger design is essential for industries requiring both safety from high temperatures and operational control. This segment is projected to grow at a higher CAGR due to increasing demand in industries where detailed manual tasks are critical, combined with stringent workplace safety standards.

The two-fingers type, also known as "mitten-style" asbestos gloves, are used in applications where precision is less critical but extreme heat protection is paramount. These gloves are often utilized in industries like foundries, welding, and furnace operations where workers are exposed to intense heat. The two-finger design reduces the number of seams, minimizing potential weak points where heat can penetrate, thus offering superior protection in extremely hazardous environments.

Although not as flexible as the five-finger variant, these gloves provide an excellent balance of safety and durability. This segment grows at a moderate CAGR, driven by demand in industries with a priority on maximum heat resistance over dexterity.

Segmentation Insights by Application

On the basis of application, the global asbestos glove market is bifurcated into construction, mining, manufacturing, chemical, and others.

The manufacturing sector dominates the asbestos gloves market due to its extensive use in high-temperature environments such as metalworking, glass production, and automotive manufacturing. In these industries, workers require heat-resistant protective gear to handle machinery, molten materials, and other hazardous substances.

The gloves' durability and high heat resistance make them a critical safety component, allowing workers to perform tasks without compromising safety. This segment is growing at a robust CAGR as the demand for protective gear rises, driven by increasing industrial safety regulations and advancements in manufacturing processes that involve extreme heat.

The construction industry is another significant consumer of asbestos gloves, especially in tasks involving welding, cutting, and working with materials like cement and roofing tiles. Workers are exposed to high temperatures and sharp materials, making asbestos gloves essential for hand protection.

With growing infrastructure projects and a focus on worker safety, demand for asbestos gloves in the construction sector is steadily increasing. This segment is expected to maintain a healthy CAGR, supported by stricter safety guidelines and regulations worldwide.

In the chemical industry, asbestos gloves are used to protect workers from hazardous chemicals and high-temperature reactions. The gloves' heat and chemical resistance make them indispensable in laboratories, chemical plants, and manufacturing facilities that produce or handle dangerous substances.

Although smaller in scale compared to the manufacturing and construction sectors, the chemical industry segment is growing at a steady CAGR due to increased chemical production and handling, alongside stricter safety protocols.

Mining applications demand high heat-resistant and durable gloves due to the extreme conditions workers face, including exposure to molten metals, sharp tools, and hazardous materials. Asbestos gloves are essential for protecting workers during these operations, making them a staple in mining safety gear.

However, the market share for asbestos gloves in mining is relatively smaller compared to other segments, with moderate growth driven by safety regulations and the expansion of mining activities globally.

Asbestos Glove Market: Report Scope

Report Attributes Report Details
Report Name Asbestos Glove Market
Market Size in 2023 USD 1596.38 Million
Market Forecast in 2032 USD 2434.37 Million
Growth Rate CAGR of 4.80%
Number of Pages 222
Key Companies Covered Supreme in Safety, Acme Safety, JOMAC Canada, Unarco, Steel Grip, Ansell, Towa Corporation, Fisher Scientific Company, Guard-Line, Top Glove, Rubberex, National Safety Solution, Protector Fire and Safety, Core Safety Group, Oriental Enterprises, and others.
Segments Covered By Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Asbestos Glove Market: Regional Insights

North America holds the largest share of the asbestos glove market, primarily driven by stringent occupational safety regulations and the growing emphasis on workplace safety standards. The U.S. has seen increased demand for protective gear in industries such as construction, manufacturing, and chemicals, where asbestos gloves are critical in minimizing exposure to hazardous materials.

Additionally, advancements in glove technology and material science have led to the development of more effective asbestos gloves, further fueling market growth.

Europe is a significant market for asbestos gloves, primarily due to rigorous safety regulations and increased awareness of worker protection in industries like construction and manufacturing. Countries like Germany and the UK are at the forefront, focusing on reducing occupational hazards.

The region's commitment to sustainability has also led to the development of eco-friendly protective gear, which is positively impacting the market. However, the strict regulations on asbestos use are gradually leading to a decline in its market share, pushing manufacturers to innovate alternatives.

The Asia-Pacific region is experiencing rapid growth in the asbestos glove market, attributed to the booming industrial sector and increasing safety awareness. Countries like China, India, and Japan are seeing a surge in demand for protective gloves due to expanding construction and manufacturing industries.

The rising incidences of workplace injuries and regulatory enforcement on worker safety are driving the adoption of asbestos gloves. However, the market faces challenges due to the ban on asbestos in several countries, pushing manufacturers to explore safer alternatives.

Latin America presents a growing market for asbestos gloves, particularly in countries like Brazil and Mexico, where industrial activities are on the rise. The region's economic growth and expanding manufacturing base contribute to increased demand for protective gear.

However, the market is still developing, and challenges such as lack of awareness and inconsistent regulations on asbestos usage can hinder growth. Efforts to improve occupational health and safety standards will be crucial in driving future market expansion.

The Middle East and Africa region is the smallest market for asbestos gloves, influenced by limited industrial activities and varying regulations regarding asbestos use. Countries in the Middle East are witnessing growth due to rapid industrialization and construction activities, particularly in the Gulf Cooperation Council (GCC) countries.

However, the overall market remains constrained by health concerns and a shift towards safer alternatives. Continued development of industrial sectors and improved awareness of workplace safety can potentially boost market growth in this region.

Recent Developments:

  • Acme United Corporation, a leading Connecticut-based manufacturer of safety equipment and PPEs, announced in November 2023 that it had retained D.A. Davidson & Co. to assist in the sale of its Camillus and Cuda brands to GSM Outdoors.

Asbestos Glove Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the asbestos glove market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global asbestos glove market include:

  • Supreme in Safety
  • Acme Safety
  • JOMAC Canada
  • Unarco
  • Steel Grip
  • Ansell
  • Towa Corporation
  • Fisher Scientific Company
  • Guard-Line
  • Top Glove
  • Rubberex
  • National Safety Solution
  • Protector Fire and Safety
  • Core Safety Group
  • Oriental Enterprises

The global asbestos glove market is segmented as follows:

By Type

  • Two Fingers Type
  • Five Fingers Type

By Application

  • Construction
  • Mining
  • Manufacturing
  • Chemical
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • The Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East Africa

 

Frequently Asked Questions:

What will be the value of the asbestos glove market during 2024- 2032?

Based on statistics from the Market Research Store, the global asbestos glove market size was projected at approximately US$ 1596.38 million in 2023. Projections indicate that the market is expected to reach around US$ 2434.37 million in revenue by 2032.

What will be the CAGR of the global asbestos glove market?

The global asbestos glove market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 4.80% during the forecast period from 2024 to 2032.

Which region will drive the global asbestos glove market?

North America is expected to dominate the global asbestos glove market.

What are the significant factors driving the global asbestos glove market?

Significant factors driving the global asbestos glove market include the continued use of asbestos in legacy industries with less stringent regulations and the demand for high-heat-resistant protective gear in specialized applications.

Who are the leading players functioning in the global asbestos glove market growth?

Some of the prominent players operating in the global asbestos glove market are; Supreme in Safety, Acme Safety, JOMAC Canada, Unarco, Steel Grip, Ansell, Towa Corporation, Fisher Scientific Company, Guard-Line, Top Glove, Rubberex, National Safety Solution, Protector Fire and Safety, Core Safety Group, Oriental Enterprises, and others.

What can be expected from the global asbestos glove market report?

The global asbestos glove market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.


Frequently Asked Questions

These dominant industry players use well planned strategies to occupied highest market share in this market. Some of the top players in Asbestos Glove business includes.

  • Supreme in Safety
  • Acme Safety
  • JOMAC Canada
  • Unarco
  • Steel Grip
  • Ansell
  • Towa Corporation
  • Fisher Scientific Company
  • Guard-Line
  • Top Glove
  • Rubberex
  • National Safety Solution
  • Protector Fire and Safety
  • Core Safety Group
  • Oriental Enterprises

As per Asbestos Glove market analysis, North America is forecasted to occupied major share in the Asbestos Glove market.

The statistical data of the dominant industry player of Asbestos Glove market can be acquired from the company profile segment described in the report. This segment come up with analysis of major player’s in the Asbestos Glove market, also their last five-year revenue, segmental, product offerings, key strategies adopted and geographical revenue produced.

The report come up with a segment of the Asbestos Glove market based on Type, Region, and Application, Also offer a determined view on the Asbestos Glove market.

The report offers a nitty-gritty estimation of the market by providing data on various viewpoints that incorporate, restraints, drivers, and opportunities threats. This data can help in making suitable decisions for stakeholders before investing.

The sample report for Asbestos Glove market can be received after the apply from the website.

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