Global Hand Protection Equipment Market
The global Hand Protection Equipment market was valued at USD 23 billion in 2021 which expected to reach USD 37.9 billion by 2027 at a CAGR 8.06 % from 2021-2027.
Hand protection is the act of protecting one's hands from injury at work. Hands are vital tools for humans and thus the most vulnerable to injury. Hands are frequently exposed to hazardous conditions such as sharp edges, pinch points, rotary machinery, hot objects, electricity, splinters, and chemicals, among other things. Doctors and medical practitioners stationed in hospitals and healthcare facilities to care for COVID-19 patients are required to wear PPE kits. The Occupational Safety and Health Administration guidelines and regulatory agency of the United States Department of Labor have played a critical role in shaping market guidance on product selection and use.
Market Drivers
Stringent regulations in developed economies
During the COVID-19 pandemic, the United States Food and Drug Administration (FDA) issued the Emergency Use Authorization (EUA) under section 564 of the Federal Food, Drug, and Cosmetic Act in response to a shortage of face shields, protective gloves, and other PPE for healthcare professionals as personal protective equipment as directed by the Centers for Disease Control and Prevention (CDC) to cover the front and side of a face. These PPE kits aid in the prevention of SARS-CoV-2 transmission from patients to healthcare professionals and vice versa. The face shield offers more protection than the mask by reducing the risk of self-contamination and allowing for nonverbal communication through the face.
Market Restraints
Reduced demand as a result of fewer Covid-19 cases
The COVID-19 pandemic is to blame for the sudden increase in demand for face masks. According to the WHO, the pandemic will be over once approximately 70% of the world's population has been immunise. The spread of new virus variants and the time period for which the immune system is able to protect after vaccination or recovery from infection are expected to have a significant impact on the pandemic's trajectory. With the end of the COVID-19 pandemic, it is expected that global mandates for the use of face masks, face shields, PPE kits, and other equipment will be phased out..
Market Segmentation
The Global Hand Protection Equipment Market is segmented into Product, Raw Material, End-use and Growing System. By Product such as Disposable, Durable. Further, market is segmented into By Raw Material such as Natural Rubber/Latex, Nitrile Gloves, Neoprene, Vinyl Gloves, Others. By End-use such as Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Healthcare, Transportation, Mining, Others.
Regional Analysis
Global Hand Protection Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and is expected to dominate the market during the forecast period. A rise in occupational injuries, combined with increased demand for highly effective hand protection equipment in the majority of core industries, including food and beverage, metal manufacturing, oil and gas, automotive, and chemical, is expected to drive industry growth over the forecast period. The spread of COVID-19 in North America aided regional market growth, owing to rising healthcare expenditure and rising awareness of healthcare-acquired infections.
The Asia-Pacific region is expected to grow at a faster rate. Improving safety standards in manufacturing facilities are creating lucrative opportunities for market growth. Countries such as China, Japan, and India are enforcing stringent regulations to ensure pharmaceutical hygiene standards.
Key Players
Various key players are listed in this report such as Top Glove Corp. Bhd.; Hartalega Holdings; Superior Glove; Adenna LLC; MCR Safety.; Atlantic Safety Products; Ammex Corp.; KCWW; Sempermed USA, Inc.; Halyard Health, Inc.
Market Taxonomy
By Product
By Raw Material
By End-use
By Region
Key Questions Addressed by the Report
Global Hand Protection Equipment Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hand Protection Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hand Protection Equipment Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Hand Protection Equipment Market Share Analysis, By Product
5.3 Global Hand Protection Equipment Market Size and Forecast, By Product
5.3.1 Disposable
5.3.2 Durable
6 Global Hand Protection Equipment Market, By Raw Material
6.1 Y-o-Y Growth Comparison, By Raw Material
6.2 Global Hand Protection Equipment Market Share Analysis, By Raw Material
6.3 Global Hand Protection Equipment Market Size and Forecast, By Raw Material
6.3.1 Natural Rubber/Latex
6.3.2 Nitrile Gloves
6.3.3 Neoprene
6.3.4 Vinyl Gloves
6.3.5 Others
7 Global Hand Protection Equipment Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Hand Protection Equipment Market Share Analysis, By End-use
7.3 Global Hand Protection Equipment Market Size and Forecast, By End-use
7.3.1 Construction
7.3.2 Manufacturing
7.3.3 Oil & Gas
7.3.4 Chemicals
7.3.5 Food
7.3.6 Pharmaceuticals
7.3.7 Healthcare
5.3.8 Transportation
5.3.9 Mining
5.3.10 Others
8 Global Hand Protection Equipment Market, By Region
8.1 Global Hand Protection Equipment Market Share Analysis, By Region
8.2 Global Hand Protection Equipment Market Share Analysis, By Region
8.3 Global Hand Protection Equipment Market Size and Forecast, By Region
9 North America Hand Protection Equipment Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Hand Protection Equipment Market Share Analysis, By Product
9.3 North America Hand Protection Equipment Market Size and Forecast, By Raw Material
9.4 North America Hand Protection Equipment Market Size and Forecast, By End-use
9.6 North America Hand Protection Equipment Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Hand Protection Equipment Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Hand Protection Equipment Market Share Analysis, By Product
10.3 Europe Hand Protection Equipment Market Size and Forecast, By Raw Material
10.4 Europe Hand Protection Equipment Market Size and Forecast, By End-use
10.6 Europe Hand Protection Equipment Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Hand Protection Equipment Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Hand Protection Equipment Market Share Analysis, By Product
11.3 Asia Pacific Hand Protection Equipment Market Size and Forecast, By Raw Material
11.4 Asia Pacific Hand Protection Equipment Market Size and Forecast, By End-use
11.6 Asia Pacific Hand Protection Equipment Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Hand Protection Equipment Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Hand Protection Equipment Market Share Analysis, By Product
12.3 Latin America Hand Protection Equipment Market Size and Forecast, By Raw Material
12.4 Latin America Hand Protection Equipment Market Size and Forecast, By End-use
12.6 Latin America Hand Protection Equipment Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Hand Protection Equipment Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Hand Protection Equipment Market Share Analysis, By Product
13.3 Middle East Hand Protection Equipment Market Size and Forecast, By Raw Material
13.4 Middle East Hand Protection Equipment Market Size and Forecast, By End-use
13.6 Middle East Hand Protection Equipment Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Top Glove Corp. Bhd
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Hartalega Holdings
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Superior Glove
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Adenna LLC
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 MCR Safety
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Atlantic Safety Products
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Ammex Corp
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 KCWW
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Sempermed USA, Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Halyard Health, Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
