safety gloves

It is estimated that the European safety gloves market generated revenues of USD 191 million in 2003. This is projected to increase to around USD 240 million in 2010. Germany accounted for the bulk of revenues in 2003, contributing USD 48 million. Prices of safety gloves are rising and many manufacturers believe shortages are developing--perhaps even serious shortages that could spark panic buying and drive prices significantly higher. The shortage will amount to 300 million safety gloves a month, or about 30％ of units sold, he added. Several factors are driving prices up and generating talk of impending shortages. Stronger than expected sales for safety gloves, chugging away at an annual rate of 15％ in the United States and higher in Europe, is the most important factor. The growth in demand--stimulated partly by guidelines for glove use issued 1 1/2 years ago by the Centers for Disease Control--has surprised everybody in the industry.