PUBLISHER: Grand View Research | PRODUCT CODE: 1529877
PUBLISHER: Grand View Research | PRODUCT CODE: 1529877
The Americas reusable gloves market size is expected to reach USD 8.01 billion by 2030, registering a CAGR of 7.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is expected to be driven by the stringent occupational safety regulations and standards in industries such as manufacturing, construction, healthcare, and automotive have been major drivers for the growth of the reusable gloves market.
The market is expected to experience significant growth due to heightened awareness among industry stakeholders regarding the significance of ensuring worker safety and security in workplaces. The increasing employment rates in various industries across the Americas have also contributed to the growing emphasis on worker safety. Companies have established safety guidelines and prioritized worker safety to reduce workplace hazards, thereby limiting the adverse impact on the overall operational costs in the form of arbitrated settlements or compensation.
This rise in demand is further bolstered by a heightened awareness of the critical safety and health measures required during emergency response situations and patient care, all of which contribute to the increased adoption of reusable gloves within the end-use industries.
In the automotive sector, thick and puncture-resistant nitrile gloves find extensive use in safeguarding against engine lubricants and oil exposure. The exceptional resistance to oils, acids, and chemicals exhibited by reusable gloves, surpassing that of other rubber types, is expected to drive their demand across diverse applications. These applications encompass gardening, tattooing, roofing, drywall installation, carpentry, general industrial work, and the automotive industry, and this heightened demand is anticipated to persist throughout the forecast period.
The competitive landscape of the market in 2022 was marked by the presence of key industry leaders with significant influence on the market. These leaders, including ANSELL LTD., Kimberly-Clark Corp., SHOWA GROUP, and MCR Safety, held substantial market shares, reflecting their strong market positions. To meet the rising demand from diverse industries, corporations are pursuing business growth through strategies such as mergers and acquisitions, the establishment of new manufacturing facilities, and geographic expansion initiatives. For instance, in June 2023, ANSELL LTD. established its manufacturing facility in Sri Lanka. Ansell Textiles Lanka is the first manufacturing facility of the company to be certified to ISO 50001:2018 presently. This noteworthy achievement demonstrates the dedication of the company to integrating energy-efficient practices and technologies into its manufacturing processes.