Industrial Gloves Market Trends and Analysis by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Industrial Gloves Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Disposable and Reusable), Material (Natural Rubber, Vinyl, Polyethylene, Nitrile, and Others), and End-Use Industry (Manufacturing, Construction, Food & Beverages, Oil & Gas, Pharmaceutical, and Others)
- Report Date : Mar 2022
- Report Code : TIPRE00010784
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 150
[Research Report] The industrial gloves market was valued at US$ 9,174.06 million in 2021 and is projected to reach US$ 16,119.54 million by 2028; it is expected to grow at a CAGR of 7.5% from 2021 to 2028.
Industrial gloves are highly used in different industries such as manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. Every industry uses its own unique set of safety standards and equipment. Hence, different industries require different gloves.
In 2020, Asia Pacific held the largest revenue share of the global market. High demand for gloves from manufacturing, food & beverages, construction, healthcare, among other, industries are mainly driving industries gloves market growth in the Asia Pacific. Additionally, the region consists of countries such as Malaysia, Thailand, Indonesia, India, and China, which are the top producers of rubber. The abundant availability of natural rubber makes the region one of the prominent regions for manufacturing industrial gloves. Furthermore, in Malaysia, the rubber glove industry and the rubber sector are seen as key pillars of the economy. Malaysia’s rubber glove industry enjoys consistent support from the government.
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Industrial Gloves Market: Strategic Insights
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Industrial Gloves Market: Strategic Insights
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Impact of COVID-19 Pandemic on Industrial Gloves Market
The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries, which led to low demand for industrial gloves from various industries. The COVID-19 pandemic caused volatility in the prices of raw materials required to produce industrial gloves. The worldwide consumption of industrial gloves declined due to low demand from various industries such as construction and manufacturing. The reduced demand from various industries due to the COVID-19 pandemic negatively impacted the growth of the industrial gloves market. However, the onset of COVID-19 increased the demand for personal protective equipment (PPE), including gloves from the healthcare industry.
Market Insights
Increasing Use of Gloves in Various Industries
A hand injury is one of the most common workplace injuries. It can be prevented by using personal protection equipment (PPE), such as gloves. The major factor creating demand for different personal protection equipment, including gloves, is increasing workplace awareness about safety.
Gloves provide protection against chemicals and other hazardous liquids in chemical industries. Gloves also find usage where workers have to deal with oil and other lubricants. As gloves provide excellent insulation against high temperatures, temperature resistance gloves are extensively used in welding, metal processing, forging, and related operations. Therefore, increasing adherence to safety procedures, along with multiple advantages of gloves, is resulting in its increased application in different industries.
Type Insights
Based on type, the global market issegmented into disposable and reusable. The disposable segment held a larger share in the global market in 2020. Disposable gloves are being developed using different materials, including nitrile, natural rubber, neoprene, and vinyl. Disposable gloves are being used in various industries, including oil & gas, food & beverages, construction, healthcare, and chemical.
Industrial Gloves Market, by Type – 2020 and 2028
Based on end-use industry, the market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. The manufacturing segment held the largest share in the global market in 2020. In the manufacturing industry, industrial gloves are highly used as it includes the usage of heavy machinery for production that requires industrial gloves for safety. The increased workforce and the presence of labor in manufacturing industries led to a rise in demand for industrial gloves globally.
3M; Ansell Limited; Carolina Glove & Safety Company; Cementex Products, Inc.; Cintas Corporation; Honeywell International Inc.; International Plastics Inc.; Southern Glove, Inc.; Superior Glove; and Workwear Outfitters, LLC are some of the major players operating in the global industrial gloves market. Players operating in the global industrial gloves market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on developing high high-quality and innovative product offerings to fulfill the customer’s requirements.
Industrial Gloves Market Regional Insights
The regional trends and factors influencing the Industrial Gloves Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Industrial Gloves Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Industrial Gloves Market
Industrial Gloves Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 9.17 Billion |
| Market Size by 2028 | US$ 16.12 Billion |
| Global CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Industrial Gloves Market Players Density: Understanding Its Impact on Business Dynamics
The Industrial Gloves Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Industrial Gloves Market are:
- ANSELL LIMITED
- CAREPLUS GROUP BERHAD
- GLOBUS GROUP
- HARTALEGA HOLDINGS BHD
- HONEYWELL INTERNATIONAL INC
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Industrial Gloves Market top key players overview
Report Spotlights
- Progressive industry trends in the industrial gloves market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the industrial gloves market from 2019 to 2028
- Estimation of global demand for industrial gloves
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the industrial gloves market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the industrial gloves market size at various nodes
- Detailed overview and segmentation of the market, as well as the industrial gloves industry dynamics
- Size of the industrial gloves market in various regions with promising growth opportunities
Global Industrial Gloves Market
Type
- Disposable
- Reusable
Material
- Natural Rubber
- Vinyl
- Polyethylene
- Nitrile
- Others
End-Use Industry
- Manufacturing
- Construction
- Food & Beverages
- Oil & Gas
- Pharmaceutical
- Others
Company Profiles
- 3M
- Ansell Limited
- Carolina Glove & Safety Company
- Cementex Products, Inc.
- Cintas Corporation
- Honeywell International Inc.
- International Plastics Inc.
- Southern Glove, Inc.
- Superior Glove
- Workwear Outfitters, LLC
Frequently Asked Questions
What is the key driver for the growth of the global industrial gloves market?
Increasing use of gloves in various industries is one of the major driving factors for the market. A hand injury is one of the most common workplace injuries. It can be prevented by using personal protection equipment (PPE), such as gloves. Increasing awareness about safety at workplaces is creating demand for different personal protection equipment, including gloves.
Which region is anticipated to grow with the fastest CAGR for the industrial gloves market?
Asia Pacific (APAC) is anticipated to grow with the fastest CAGR from 2021 to 2028. The region is witnessing high growth in construction activities which is fueling the demand for construction gloves. In addition to this, the region is foreseeing a rapid industrialization which is fostering the need of various material of industrial gloves.
On the basis of material, which segment accounted for the largest share in the global industrial gloves market?
Based on material, the natural rubber segment accounted the largest share of the global industrial gloves market. Rubber hand gloves are being used in various industrial and medical applications. They are made of different types of rubber, depending upon the application. These gloves help protect the hands from chemicals, hot water, dust, oil, or icky substances.
What is the impact of COVID-19 on the industrial gloves market?
Due to the COVID-19 pandemic, industrial gloves manufacturers witnessed a major disruption in the supply chain of industrial gloves during the first two quarters of 2020. However, the supply chain of industrial gloves materials has been restored, and production activities have regained normalcy in late 2020. Later, the market was not significantly negatively impacted by the pandemic. Further, with the growing COVID-19 vaccinations and eased in lockdown restrictions, the global economy is resuming, and subsequently, the industrial gloves market is regaining its growth.
During the forecast period, which region is anticipated to account for the largest share of the global industrial gloves market?
During the forecast period, APAC is anticipated to account for the largest share in the global industrial gloves market. The growth of the market in the region can be attributed to the rapid industrialization in the region along with increasing expenditures on healthcare industry.
Can you list some of the major players operating in the global industrial gloves market?
The major players operating in the global 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.
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Industrial Gloves Market
- 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
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