Industrial Gloves Market size was estimated at $42.1 billion in 2018 and is expected to reach $91.4 billion by 2027, growing at a CAGR of 9.3% during the forecast period of 2020 to 2028.
Industrial Gloves Market
With the growing concern for healthcare of both consumers and employees, the importance of the Industrial Gloves Market is also increasing, as they are adopted as tools to prevent infections, burns, or injuries, but also to protect from contamination. One type of Industrial gloves are the Disposable ones, popular in the healthcare and hospitality sectors, as a tool that secures the hygiene of products, and hence customers. The other type of Industrial gloves are Reusable, commonly utilised in the chemical, electrical, and automobile industries to ensure the safety and good health of employees.
Therefore, the growth of such industries is closely related to the growth of the Industrial Gloves Market, which is forecasted to experience an increase in sales for a variety of products.
Industrial Gloves Market Growth and Trend
The utilisation of Disposable and Reusable gloves brings a variety of benefits for companies, as both their workers and clients are offered protection from infections. In rare cases, when workers in the healthcare, chemical, or hospitality industry are contagious, the gloves are a proven way to secure customers. Furthermore, employees that make use of Industrial gloves secure themselves against any accidents and unpredictable situations that may arise in the course of their employment- from as small as cuts and burns, to loss of hands or fingers, and chemical injuries or unintended absorption of harmful substances.Another factor, contributing to the predicted continuous growth of the Industrial Gloves Market is the ageing population. Due to the fact that there is an increasing need for medical care for the elderly, the pharmaceutical and chemical industries are expanding. As people, who suffer from geriatric diseases experience a very tough recovery process, a lot of attention is devoted to preventing them from getting contaminated in the first place and therefore, the need for Industrial Gloves becomes apparent. Moreover, as the population is growing and so are the options on the food market, even closer attention is paid to the health standards, which serve that market.
The wide variety of applications of Industrial Gloves is the driver behind its growth opportunities for the future.
Industrial Gloves Market Segmentation
The Industrial Gloves Market is segmented by product, material and end-use industry. According to product segmentation, the Industrial Gloves can be either Disposable or Reusable. Based on material the Industrial Gloves can be natural rubber gloves, nitrile gloves, vinyl gloves, neoprene gloves, polythene gloves, or other types. Polyethene gloves, made out of polymers, synthesized from ethylene and thermoplastic that is formed into various shapes as it cools from a liquid state to a solid-state, hold the largest volume share of sales in comparison to all other types. Due to their lower price, they are used to make plastic bags and disposable gloves, which are most commonly used by the food industry.
Based on their end-use industry, the Industrial Gloves are segmented into Pharmaceuticals, Automotive & Transportation, Food, Oil and Gas, Mining, Chemicals, or Others industries.
Industrial Gloves Market Regional Analysis
The Asia Pacific region has been the most profitable within the Industrial Gloves industry. Due to high production levels, the Asia Pacific region captures the majority (65%) of the market. However, the European and North American regions are experiencing significant growth, and China and Thailand are expected to increase their market share in the future, which will drive the gradual of the Industrial Gloves Market itself.
Industrial Gloves Market Share and Competition
The major players operating in the Industrial Gloves Market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries, Semperit A.G., Showa Group, Hartalega Sdn. Bhd., Dipped Products Plc., Uvex Group, and others.
Report Highlights
• Historical Revenue and Unit Sales Volume Data (2010 - 2020)
• Forecast Revenue and Unit Sales Volume Data (2021 - 2028)
• Price trend and analysis
• Segment based revenue and unit sales data (2010 - 2028)
• Import/Export Analysis
• Competitive Analysis and Company Profiles
• Product analysis and Strategic framework
Industry segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2020 - 2028)
• Reusable Gloves
• Disposable Gloves
Material Type Analysis (Revenue, USD Million, 2020 - 2028)
• Natural Rubber Gloves
• Nitrile Gloves
• Vinyl Gloves
• Neoprene Gloves
• Polyethene Gloves
• Others (PVC, Leather Gloves etc.)
Industry Vertical Analysis (Revenue, USD Million, 2020 - 2028)
• Pharmaceuticals
• Automotive & Transportation
• Food
• Oil and Gas
• Mining
• Chemicals
• Others (Pulp and Paper, Metal fabrication etc.)
Regional Analysis (Revenue, USD Million, 2020 - 2028)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o Rest of Asia Pacific
• Middle East & Africa (MEA)
o GCC
o South Africa
o Rest of the Middle East & Africa
• South America
o Brazil
o Rest of South America
Industrial Gloves Market Companies
• 3M Corporation
• Honeywell Safety Products
• Ansell Ltd.
• Lakeland Industries
• Semperit A.G.
• Showa Group
• Hartalega Sdn. Bhd.
• Dipped Products Plc.
• Uvex Group
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