Global Industrial Gloves Market - Wishtree Insight

Global industrial gloves Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption, and Forecast 2021 – 2031

Global industrial gloves Market by Product (Reusable Gloves and Disposable Gloves), Application (Chemical, Construction, Healthcare & Pharma, Food & Beverages, Construction, Electronic Industry, Automotive Sector), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The global industrial gloves market size was valued at USD 7.3 billion in 2021 and is expected to surpass USD 16.2 billion by 2031, expanding at a CAGR of 11.4% during the forecast period, 2021–2031. The growth of the market is attributed to the increasing awareness regarding employee health and safety, and government regulations promoting health & safety at the workplace.

INTRODUCTION

Industrial gloves protect the skin from heat, sharp metals, chemicals, and harmful environments. It is considered an important tool for the protection of a person from injury, and burn. In healthcare & pharma gloves are used to avoid cross-contamination. Industrial gloves are widely used in manufacturing plants, chemical plants, assembling plants, and medical institutes to ensure the safety of a person and health standards across end-use industries to prevent metal cuts, exposure to hazardous chemicals, glass cuts, and other safety concerns. Gloves made of recyclable and green materials are gaining popularity and are driving the market. Besides pharmaceuticals, chemicals, food, and beverage industries, industrial gloves are also widely used in oil and gas, construction, automotive, and transportation industries. These industries require protective gloves to protect workers from hazardous chemicals, cuts and abrasions, and contamination. Workers in the pharmaceutical industry must wear gloves to avoid contamination. To maintain the environment, food industry workers must wear gloves while handling food.

Industrial gloves are cut-resistant, have a long working life, and offer a firm grip.

Market Trends, Drivers, Restraints, and Opportunities

• A rise in demand for superior performance and comfort is considered a key driving factor to boost the global industrial gloves market.
• The growing healthcare and food processing industries are anticipated to propel market growth. The rise in awareness regarding health and safety measures associated with patient treatment is expected to drive market growth.
• An increase in demand for disposable gloves in the healthcare sector is expected to enhance the market growth.
• Rising awareness pertaining to workers’ safety across the construction, mining, chemical, oil & energy, and equipment manufacturing industry will fuel the industrial safety gloves market size.
• A favorable regulatory scenario to minimize occupational risk across various industries is anticipated to support industry expansion.
• Improved monitoring setup to develop workplace protection and decrease occupational hazards across the industrial sector will provide a strong business outlook for manufacturers.
• Lack of awareness regarding the usage of industrial gloves in developing economies is the major restraining factor in the global industrial gloves market.
• The availability of local and inexpensive products will obstruct market growth.

Scope of the Report

Market Segment Insights

The disposable segment is expected to expand at a rapid pace

Based on the product, the global industrial gloves market is bifurcated into reusable gloves and disposable gloves. The disposable segment is expected to expand at a rapid pace during the forecast period. The growth of the segment is attributed to its comfort, softness, and low-cost rate than reusable protective gloves. Nitrile, vinyl, polyethylene, neoprene, and natural rubber are used for the manufacturing of these gloves. The concern of contamination with electronics and chemicals, medical examinations, and food processing industries is anticipated to drive the growth of the market. However, the reusable segment is anticipated to hold a steady share of the market in the coming years.

The chemical segment is projected to register a considerable CAGR

Based on application, the market is segregated into chemical, construction, healthcare & pharma, food & beverages, construction, electronic industry, and automotive sector. The chemical segment is projected to register a considerable CAGR during the forecast period. The key factors in the growth of the segment are these gloves protect hydrocarbons, organic & inorganic, alkali, and other harmful chemicals. On the other hand, the healthcare & pharma segment is anticipated to account for a major market share during the forecast period.

The North American region and the Asia-Pacific region are anticipated to constitute a key market share

In terms of regions, the global industrial gloves market is classified as the Asia Pacific, Middle East Africa, Europe, North America, and Latin America. The market of the North American region and Asia-Pacific region is expected to constitute a key share of the market during the projected period. The awareness about safety and the regulations implemented by the government that mandate the use of protective gloves in various industries have created lucrative growth in the market. Countries from the region China, Japan, India, and South Korea led the Asia-Pacific industrial safety gloves market. The region is among the largest producer of natural rubber and accounted for over 14,375 thousand tons of production in 2021. The prices of natural rubber across the globe are greatly influenced by the supply-demand in the region. Indonesia, Thailand, and Malaysia are among the top producers and are mainly exported to Europe and North America by global market dealers, distributors, and retailers.

Competitive Landscape

Key players competing in the global industrial gloves market are Ansell Ltd. (Australia); 3M Corporation (U.S.); Honeywell International Inc. (U.S.); Rubberex Corporation (M) Berhad (Malaysia); Kimberly-Clark (Texas); Lakeland Industries, Inc. (U.S.); Supermax Corp. Berhad (Malaysia); Protective Industrial Products, Inc (New York).

FAQs

Mention the market size of the Global industrial gloves in 2021.

The market size of global industrial gloves in 2021 was USD 7.3 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 11.4%.

What segments are covered in the global industrial gloves report?

The segments covered in the global industrial gloves report are product (reusable gloves and disposable gloves), application (chemical, construction, healthcare & pharma, food & beverages, construction, electronic industry, automotive sector).

Mention the region is expected to hold the highest share in the global industrial gloves.

The North America and Asia-Pacific region is expected to hold the highest share in the Global industrial gloves.

Which segment holds the largest market share in the global industrial gloves by 2031?

The segment holds the largest market share in the global industrial gloves by 2031.

Mention the key players in the market.

The key players in the market are Ansell Ltd. (Australia); 3M Corporation (U.S.); Honeywell International Inc. (U.S.); Rubberex Corporation (M) Berhad (Malaysia); Kimberly-Clark (Texas); Lakeland Industries, Inc. (U.S.); Supermax Corp. Berhad (Malaysia); Protective Industrial Products, Inc (New York)

Which segment dominates the market?

The disposable gloves segment dominates the market.