Industrial Gloves Market

Industrial Gloves Material is predicted to grow at 10.7% CAGR during the forecast period and evaluated to reach at USD 15,106 Million by 2027.

Industrial gloves refer to the gloves that are used across several industries such as chemicals, pharmaceuticals, oil & gas, among others. These are the gloves worn by the workers to guard their hands against any type of cuts & abrasions, hazardous chemicals, and other contamination of different kinds. The level of protection required from these gloves relies on the level of risk associated and the profitability of all risks combined. There are several parameters that need to be considered before choosing the gloves that include the size, shape, flexibility, dexterity, along with grip, tactile sensibility, and breath ability.

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The industrial gloves market is likely to experience a high growth owing to the increase in the expansion of the industries and growth in the number of accidents at the workplace. In addition, several favorable regulations to reduce the occupational risk in several application areas like chemical, oil & gas, mining, among others and growing concerns pertaining to the safety of the workers are some of the key factors fuelling the growth of the global industrial gloves market during the forecast period. Moreover, various benefits associated with the use of industrial gloves include prevention against the changes of temperature, absorption of hazardous substances, punctures & needle injuries, chemical burns, and cuts & burns. In addition to this, the emergence of the COVID-19 pandemic is creating strong demand for industrial gloves due to the rising emphasis on maintaining social distance to minimize the spread of coronavirus.

The increasing number of research & development activities, technological advancements in the manufacturing process of industrial gloves, and rising focus on the production of environment-friendly or BioGreen gloves owing to the rising environmental concerns along with the safety or workers are some other factors thriving several growth opportunities for the industrial gloves. The accelerated rate of population is leading to an increase in the demand for several products among the consumers, which is causing a growth in the manufacturing companies and the workers across the developing economies will lead to an increase in the adoption of industrial gloves to attain safety at workplaces. The factors that are responsible for hampering the growth of the global industrial gloves market include the use of locally developed and cheap gloves and lack of awareness related to the benefits associated with the use of industrial gloves.

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Based on the product type, the disposable Gloves segment is expected to increase at a higher CAGR during the forecast period owing to the high adoption of these gloves across several industry verticals like food industry as these gloves enhance the safety in performing an operation and provides several advantages to the workers preventing them from the chapped and dry-skin created by constant washing of hands.

Based on the material type, the Natural Rubber segment is anticipated to grow at a higher compound annual growth rate over the forecast period due to the rising utilization of natural rubber gloves as a result of high demand from the food processing, chemical and manufacturing industries as these are flexible, durable, provides the advantage of chemical resistance from chlorine, most acid bases, iodine and are also comfortable to wear.

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Based on the region, North America is expected to grow at a higher compound annual growth rate during the forecast period owing to the presence of stringent regulations and rising concerns associated with the safety of the workers. In addition, the high presence of industries is leading to the growing demand for gloves with superior performance and comfort is also a factor fuelling the growth of the market in this region.

Various notable players operating in the market include Hartalega Holdings Berhad, Top Glove Corporation Bhd, Riverstone Holdings Limited, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Careplus Group Berhad, Globus Group, Ansell Ltd., Honeywell International Inc., and Semperit AG Holding, among others.

Key Developments:

• • In 2019, Top Glove Corporation Bhd launched a BioGreen Biodegradable Nitrile glove and can biodegrade in anaerobic environments like landfills. These gloves reduce the risk of Type IV hypersensitivity reaction that is triggered by exposure to chemical reactions and is suitable for use in both medical and non-medical sectors.
  • In 2019, Riverstone Holdings Limited entered into a strategic alliance with Showa Glove Co. that focuses on joining the technical expertise and resources of the companies to have enhanced innovation and development of highly advanced glove offerings to the market.

The global industrial gloves market has been segmented on the basis of product type, material type, end-use industry, and region. Based on the product type, the market is segmented reusable gloves and disposable gloves. Based on the material type, the market is segmented into nitrile, natural rubber, neoprene, vinyl, polyethylene, and others. Based on the end-use industry, the market is segmented into automotive & transportation, pharmaceuticals, oil & gas, food, chemicals, mining, and others.

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Key questions answered in this research report:

• • At what pace is the global industrial gloves market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global industrial gloves market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial gloves market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various end-use industries of the industrial gloves market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Industrial Gloves Market by Product Type

• • Reusable Gloves
  • Disposable Gloves

Global Industrial Gloves Market by Material Type

• • Nitrile
  • Natural Rubber
  • Neoprene
  • Vinyl
  • Polyethylene
  • Others

Global Industrial Gloves Market by End-Use Industry

• • Automotive & Transportation
  • Pharmaceuticals
  • Oil & Gas
  • Food
  • Chemicals
  • Mining
  • Others

Global Industrial Gloves Market by Region

• • North America Industrial Gloves Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Gloves Market by Product Type
    • North America Industrial Gloves Market by Material Type
    • North America Industrial Gloves Market by End-Use Industry
    • US Industrial Gloves Market All-Up
    • Canada Industrial Gloves Market All-Up
  • Europe Industrial Gloves Market (Option 2: As a part of the free 25% Customization)
    • Europe Industrial Gloves Market by Product Type
    • Europe Industrial Gloves Market by Material Type
    • Europe Industrial Gloves Market by End-Use Industry
    • UK Industrial Gloves Market All-Up
    • Germany Industrial Gloves Market All-Up
    • France Industrial Gloves Market All-Up
    • Spain Industrial Gloves Market All-Up
    • Rest of Europe Industrial Gloves Market All-Up
  • Asia-Pacific Industrial Gloves Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Industrial Gloves Market by Product Type
    • Asia-Pacific Industrial Gloves Market by Material Type
    • Asia-Pacific Industrial Gloves Market by End-Use Industry
    • China Industrial Gloves Market All-Up
    • India Industrial Gloves Market All-Up
    • Japan Industrial Gloves Market All-Up
    • Rest of APAC Industrial Gloves Market All-Up
  • RoW Industrial Gloves Market (Option 4: As a part of the free 25% Customization)
    • RoW Industrial Gloves Market by Product Type
    • RoW Industrial Gloves Market by Material Type
    • RoW Industrial Gloves Market by End-Use Industry
    • Brazil Industrial Gloves Market All-Up
    • South Africa Industrial Gloves Market All-Up
    • Saudi Arabia Industrial Gloves Market All-Up
    • UAE Industrial Gloves Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Gloves Market All-Up

Global Industrial Gloves Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Hartalega Holdings Berhad
  • Top Glove Corporation Bhd
  • Riverstone Holdings Limited
  • Kossan Rubber Industries Bhd
  • Supermax Corporation Berhad
  • Careplus Group Berhad
  • Globus Group
  • Ansell Ltd.
  • Honeywell International Inc.
  • Semperit AG Holding