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Industrial Gloves Market Expected to Reach $14.8 Billion by 2027

 
 

quote The global industrial gloves market is heading toward growth expansion phase over the coming years. This is due to significant growth in demand for gloves to provide protection to the limbs of the workers working in industrial and manufacturing sector and are exposed to various types of cutting processes, chemicals, and substances. In addition, industrial gloves are widely used to avoid contamination of the product. Growth in food, healthcare and pharmaceutical industry across the developing economies like China and India is anticipated to increase the demand for industrial gloves. These factors are anticipated to boost the growth of the global industrial gloves market during the forecast period quote

Eswara Prasad
Manager, Chemical and Material at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Industrial Gloves Market: Opportunity Analysis and Industry Forecast, 2020–2027,” the global industrial gloves market was valued at $6.9 billion in 2019, and is projected to reach $14.8 billion by 2027, growing at a CAGR of 10.4% from 2020 to 2027.

Industrial gloves are protective wear in various industries such as automotive, food & beverage, oil & gas, chemicals, and others. Industrial gloves are used for workers safety and health standards across end-use industries to prevent glass cuts, metal cuts, and exposure of hands to hazardous chemical. Industrial hand gloves are primarily used in assembling plants, manufacturing plants, medical institutions, and chemical plants where they protect from heat corrosive substances and sharp objects.

Increase in demand for disposable gloves in the healthcare industry is anticipated to drive the growth of the industrial gloves market during the forecast period. Disposable gloves are used in a variety of industries such as medical devices, pharmaceutical, and hospital & food industry with an objective to protect the workers from infections working in hospitals and preventing food from getting contaminated while processing. In addition, the increase in its usage for household work has also surged the demand for industrial gloves globally. In addition, flourishing automotive, chemical, and oil & gas industry has also increased the demand for industrial gloves as workers sustain crushing, pinching, and cut & chemical hazards that make up most of the serious injuries. Furthermore, there is an increase in the demand for industrial gloves in the construction industry as the workers at construction site has to go through hand injuries like metal cuts and glass cuts. Hence, wearing proper gloves that lead to safety of hands of the workers and reduces the cases of any medical emergencies. These factors are expected to increase the demand for industrial gloves across the globe during the forecast period.

However, availability of local and inexpensive products and lack of awareness regarding usage of industrial gloves are expected to hinder the growth of the industrial gloves market. Owing to this, the production volume of industrial gloves is expected to fall during the forecast period. Moreover, implementation of innovated technologies in the production of industrial gloves is expected to provide growth opportunities for industrial gloves market in the future.

By usability, the global industrial gloves market is bifurcated into disposable gloves and reusable gloves. The disposable gloves segment is expected to garner the higher market share during the forecast period, owing to increase in usage of these gloves in the food, hospital, medical devices, and pharmaceutical industries.

By glove material, the global industrial gloves market is segmented into natural rubber gloves, nitrile gloves, vinyl gloves, neoprene gloves, polyethylene gloves, and other. The natural rubber gloves segment is anticipated to garner the highest market share during the forecast period, owing to increase in usage of these gloves in the chemical industry as well as for household purpose.

By end-user, the global industrial gloves market is divided into aerospace, disk drives, flat panels, food, hospitals, medical devices, pharmaceuticals, semiconductors, and others. The semiconductor segment is expected to garner the higher market share during the forecast period owing to increase usage of industrial gloves in the semiconductor industry as these are bad conductors of electricity and comparatively stiffer with least elasticity.

By protection, the global industrial gloves market is categorized into general purpose/mechanical protection, chemical/liquid protection and product protection. The general purpose/mechanical protection segmented is classified to garner the higher market share during the forecast period as these gloves strengthen the workers grip and reduce the risk of injury while working on the machine.

By application, the global industrial gloves market is fragmented into machinery, oil & gas, metal fabrication, automotive, chemical, construction, plane manufacturing, food processing, office building cleaners, healthcare, and others. The machinery segment is projected to garner the highest market share during the forecast period owing to rapid industrialization across the emerging economies such as India and China has led to setting up of many industrial manufacturing units that use various heavy machineries where industrial gloves are required to safeguard the workers hands.

By gloves type, the global industrial gloves market is divided into dipped gloves, knitted gloves, supported knitted gloves, and others. The supported knitted gloves segment is anticipated to garner the higher market share during the forecast period as these gloves have excellent resistance to hot and cold temperatures, they absorb sweat, offer superb puncture & abrasion resistance, and are quite durable due to the liner.

By region, the industrial gloves market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to garner the highest market share during the forecast period due to stringent regulations regarding the safety of labor and working individuals. If any irregularities are found then the employer is charged with heavy penalties, and it also creates bad image of the company among consumers and in the market. This kind of stringent regulations laid down by the governments are expected to drive the growth of the industrial gloves market across the globe.

COVID-19 Analysis: 

  • Amid lockdown situation various countries such as the U.S., Germany, Spain, Italy, India, and China have halted the industrial manufacturing processes, owing to which the demand for industrial gloves is expected to decline during the forecast period.

  • The demand for industrial gloves is likely to experience a downfall during the coronavirus pandemic due to affected supply chain amid lockdown.

  • The demand for disposable nitrile gloves from the medical industry across the globe is likely to increase during the COVID-19 pandemic, owing to rise in number of patients affected due to corona virus and to treat the general patients affected from other diseases.

  • The demand for reusable industrial gloves is anticipated to increase from sanitization workers involved in cleaning and sanitization of the corona affected areas.

Key Findings Of The Study

  • The Asia-Pacific industrial glove market is projected to grow at a highest CAGR of nearly 11.8%, in terms of revenue, during the forecast period.

  • The disposable glove of usability segment is anticipated to witness moderate growth rate of 10.9%, in terms of revenue, during the forecast period.

  • Industrial gloves market share of North America in 2019 is 39.2%, in terms of revenue.

  • The reusable gloves segment is anticipated to witness moderate growth rate of 9.6%, in terms of revenue, during the forecast period.

  • The key players operating in the global industrial glove market industry include Top Glove Corporation Berhad, Hartalega Holdings, Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Careplus Group Berhad, Supermax Corp., Ansell Healthcare, SHOWA, Inc., Honeywell International Inc., and Semperit AG Holding.

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quote Industrial Gloves Market Usability (Disposable {By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, and Others), End-User (Aerospace, Disk Drives, Flat Panels, Food, Hospitals, Medical Devices, Pharmaceuticals, Semiconductors, and Others)} and Reusable {Glove Type (Dipped Gloves, Knitted Gloves, Supported Knitted Gloves, and Others), Protection (General purpose/Mechanical, Chemical/Liquid, and Product Protection), End-User (Machinery, Oil & Gas, Metal Fabrication, Automotive, Chemical, Construction, Plane Manufacturing, Food Processing, Office Building Cleaners, Healthcare, and Others)}: Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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