Global industrial gloves market, in terms of revenue, was evaluated at $4,912.9 million in 2014 and is estimated to garner $9,774.5 million by 2020 growing at a CAGR of 12.8% over the forecast period.
Industrial gloves are used as a personal protective equipment in various industries such as automotive, food and healthcare, to ensure worker’s safety and maintain sanitary conditions at work places. These gloves help to avoid cross contamination and exposure to particulate matter during the manufacturing process across various industries. The industrial gloves can be disposable as well as reusable based on the requirement of specific work environment.
Based on the type of protection offered, the industrial gloves are classified into General purpose/mechanical protection, chemical/liquid protection gloves and product protection gloves. Based on glove type, the reusable gloves market is segmented into Dipped Gloves, Knitted Gloves, Supported Knitted Gloves and Others.
The gloves are used in various industries such as Machinery, Oil & Gas, Metal Fabrication, Automotive, Chemical, Construction, Plane Manufacturing, Food Processing, Office Building Cleaners, Healthcare and Others. The reusable industrial gloves are further classified based on protection type, application and glove type. The various type of protection offered by the gloves are General purpose/ Mechanical protection, Chemical/ Liquid Protection and Product Protection. The global disposable industrial gloves market is segmented into natural rubber (latex), nitrile, vinyl, neoprene, polyethylene and other gloves.
It is observed that Nitrile gloves is replacing rubber and is one of the top investment pockets. These nitrile gloves are gaining popularity in the industry due to their allergy-free properties, puncture resistance and durable nature. Majority of players in the disposable industrial gloves market have focused on the manufacturing of these gloves owing to their high demand. Thus, can be considered as one of the top investment pockets. Further polyethylene and neoprene gloves, being the fastest growing segments during the forecast period are also attractive markets for investment. Third top investment pocket is Polyethylene gloves segment owing to its properties such as impermeability to sweat, and lesser cost. Due to these factors, it is increasingly used in food processing industry.
Among the analyzed strategies, Product launch accounted for 62.5 per cent of all strategies. Efficient gloves with better grip and convenience are the prime reasons attributing to consistent product launches. For instance, in 2015, Ansell launched ultra-light cut-resistant Hyflex gloves which are light in weight and Showa launched a chemical resistant glove named ‘Showa 379 gauntlet’ which is highly flexible. On account of the highly fragmented nature of the market, acquisition and expansion are seen as the prominent strategies adopted by large market players. Catering to new markets is either accomplished by the geographical expansion or by acquiring the manufacturers located in other regions. Partnership is also one of the top winning strategies adopted by leading industrial glove manufacturers. Partnership accounted for 4.2 per cent of the overall strategies.
The key companies profiled in this report are Honeywell International Inc., SHOWA, Inc., Ansell Healthcare, Superior Glove, Shamrock Manufacturing Company Inc., Towa Corporation, Hartalega Holdings Berhad, Rubberex, Top Glove Corporation Berhad and Semperit AG Holding.
Key Benefits for Stakeholders
- The report provides a quantitative analysis of the current market and estimations through 2014-2020, which would enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the global industrial gloves market by type helps in understanding the types of industrial gloves that are currently used along with the variants that would gain prominence in future.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
- Comprehensive analysis of factors that drive and restrict the growth of the global industrial gloves market is provided.
- The global industrial gloves market scenario is comprehensively analyzed in accordance to the key regions.
Industrial Gloves Market Key Segmentation
- Natural Rubber Gloves
- Nitrile Gloves
- Vinyl Gloves
- Neoprene Gloves
- Polyethylene Gloves
By End Users
- Disk Drives
- Flat Panels
- Medical Devices
- Other industries
- General purpose/ Mechanical protection,
- Chemical/ Liquid Protection
- Product Protection
- Oil & Gas
- Metal Fabrication
- Plane Manufacturing
- Food Processing
- Office Building Cleaners
By Glove Type
- Dipped Gloves
- Knitted Gloves
- Supported Knitted Gloves
- North America