Industrial Gloves Market Outlook 2031
The global industrial gloves market size was USD 8.70 Billion in 2022 and is anticipated to reach USD 18.74 Billion by 2031 expand at CAGR of 8.9% during the forecast period, between 2023 - 2031. Industrial gloves defend against heat, sharp metals, and potentially dangerous conditions.
They are made to provide comfort without obstructing the wearer's abilities or efficiency. In manufacturing companies, assembly plants, chemical plants, and medical institutions, industrial gloves are utilized to protect personnel from caustic liquids. Chemicals and the oil & gas industries continues to be major contributors due the high danger of flammable chemical incidents in these fields.
To avoid worker dangers, manufacturing enterprises in the US and the UK are adhering to stringent regulatory regimes. Accidents result in significant losses in terms of human life, family remuneration, legal troubles, job loss, expenditures, and infrastructure damage. Industry participants are working on managing safety solutions by taking precautionary measures that enhance product demand in the market to decrease these incidents.
Industrial Gloves Market Trends, Drivers, Restraints and Opportunities
- Improving workplace safety norms and higher demand for enhanced performance and comfort are propelling the market growth. and rising healthcare and food processing sectors.
- Rising workplace accidents have encouraged companies to embrace personal protective equipment (PPE) such as industrial gloves.
- Technical breakthroughs and trends in innovative gloves are key drivers of the market growth.
- The employment of safety equipment, such as gloves, in various workplaces is being pushed by stringent rules and regulations, as well as rising industrialization, are propelling the market development.
- Increasing number of labor-intensive industries such as construction and healthcare is expected to positively impact the demand for different industrial security equipment, including safety gloves.
Scope of The Industrial Gloves Market Report:
The report on industrial gloves market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Industrial Gloves Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023–2031
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Segmentation
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Materials (Latex, Nitrile, Neoprene, and Leather), Types (Re-usable and Disposable), Applications (Chemical, Mechanical, and Biological), End-Users (Healthcare, Manufacturing, Food & Beverage, and Oil & Gas)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Ansell Limited, Careplus Group Berhad, Globus Group, Hartalega Holdings Bhd, Honeywell International Inc, Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Semperit Ag Holding, Supermax Corporation Berhad, and Top Glove Corporation Bhd
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Industrial Gloves Market Segment Insights
Latex segment is projected to hold a significant market share
In the terms of materials, the industrial gloves market can be bifurcated into latex, nitrile, neoprene, and leather. The latex segment is estimated to expand at a significant CAGR during the forecast period due to growing usage of these gloves in the chemical industries as well as at home.
The chemical industry's expansion, as well as the requirement for production of chemicals used in a range of industries, are expected to boost the demand for latex gloves in the projected timeline. Furthermore, an increase in the usage of latex gloves at home is likely to drive latex glove demand in the market.
Disposable segment to grow at a rapid pace during the forecast period
On the basis of types, the industrial gloves market can be segregated into re-usable and disposable. The disposable segment is expected to hold a significant share of the market during the forecast period. Disposable gloves are solvent-resistant and odor-free, which have increased their use in the food, hospital, medical device, and pharmaceutical industries.
Manufacturing segment held a substantial market share in 2020
Based on end-users, the industrial gloves market can be fragmented into healthcare, manufacturing, food & beverage, and oil & gas. The manufacturing segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. Rapid industrialization in rising economies such as India and China has resulted in the construction of numerous manufacturing facilities that employ a range of heavy machinery for production and industrial gloves are required for safety.
Chemical segment is projected to hold a major market share
In the terms of applications, the industrial gloves market can be segregated into chemical, mechanical, and biological. The chemical segment is estimated to expand at a CAGR of 7% during the forecast period. Paint and coatings are in high demand as a result of rapid urbanization, which is broadening the range of applications.
The expansion of the chemical sector as a consequence of increased demand for petroleum and petrochemical products is estimated to boost the growth of the industrial safety gloves market. Key features such as ultra-lightweight, breathable materials, appear-less, and cut-resistant lining increases the demand for industrial safety gloves.
North America to dominate the global market
On the basis of regions, the industrial gloves market can be categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020 due to mergers and acquisitions conducted by key market players. In North America, sales of industrial safety gloves amounted for more than USD 1.75 billion in 2018.
The favorable norms around health security have resulted in positive acceptance across regional end-use industries. The Occupational Safety and Health (OSH) Act, for example, has created standards in the US. To avert health-related incidents, the US Department of Labor and the National Safety Council aggressively support the use of preventative measures in high-risk industries.
Segments
By Materials
- Latex
- Nitrile
- Neoprene
- Leather
By Types
By Applications
- Chemical
- Mechanical
- Biological
By End-users
- Healthcare
- Manufacturing
- Food & Beverage
- Oil & Gas
By Regions
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- Latin America
By Key Players
- Ansell Limited
- Careplus Group Berhad
- Globus Group
- Hartalega Holdings Bhd
- Honeywell International Inc
- Kossan Rubber Industries Bhd
- Riverstone Holdings Limited
- Semperit Ag Holding
- Supermax Corporation Berhad
- Top Glove Corporation Bhd
Competitive Landscape
Key player of the industrial gloves market are Ansell Limited, Careplus Group Berhad, Globus Group, Hartalega Holdings Bhd, Honeywell International Inc, Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Semperit Ag Holding, Supermax Corporation Berhad, and Top Glove Corporation Bhd.
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