by Industrial gloves refer to protective gloves that are specially designed to protect hands from hazards encountered during industrial processes and manufacturing activities across various industries including construction, chemical, automotive, food and beverages, and healthcare among others. Common industrial gloves are made from materials such as rubber, latex, neoprene, polyethylene and nylon. They protect hands and fingers from abrasions, cuts, burns, chemicals and thermal risks encountered at workplaces. Major applications include healthcare, the food industry, construction, manufacturing and chemical industries.
The Industrial Gloves Market is estimated to be valued at US$ 8,053.4 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growth of the industrial gloves market is driven by stringent regulations regarding use of protective equipment across major industries. For instance, according to the Occupational Safety and Health Administration (OSHA), wearing protective hand equipment is mandatory in manufacturing, mining, construction and healthcare industries. Moreover, rising awareness about safety in developing nations has also augmented the adoption of industrial gloves. Additionally, increasing prevalence and complexity of industrial processes has necessitated enhanced need for protective hand equipment, driving demand. However, availability of counterfeit and low-quality products poses challenge to market growth.
Segment Analysis
The global industrial gloves market is dominated by disposable gloves segment which holds around 60% share of the overall market. Disposable gloves are extensively used across various end use industries like healthcare, food & beverage, chemicals and others due to their affordability and convenience. Being single use, disposable gloves prevent cross-contamination making them ideal for applications involving chemicals, oils and other hazardous materials.
PEST Analysis
- Political: Stringent worker safety regulations across developed nations regarding use of gloves in hazardous industrial applications is driving the growth of industrial gloves market.
- Economic: Rising industrialization in developing economies of Asia Pacific is raising demand for industrial gloves from manufacturing sector. Additionally, recovery of oil & gas industry post COVID pandemic is augmenting the consumption.
- Social: Increasing awareness about workplace safety and importance of protective equipment is positively impacting the market sales.
- Technological: Manufacturers are focusing on developing lightweight, breathable and durable gloves made using advanced materials to offer enhanced tactile sensitivity and prevention from cuts and abrasions.
Key Takeaways
The global Industrial Gloves market is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing safety awareness among workers and stringent government regulations regarding use of protective equipment. The North America industrial gloves market accounts for largest share currently and is expected to maintain its dominance over the forecast period. Stringent worker safety laws and increasing demand from healthcare sector will drive the regional market.
The Asia Pacific region is expected to witness fastest growth on back of rising industrialization in major economies like China and India along with recovery of oil & gas industry in the region. Countries like China, Japan, and India are major contributors to the regional market growth.
Key players operating in the industrial gloves market are Top Gloves, Honeywell Safety Products, 3M Corporation, Ansell, Showa Group, Corolina Glove & Safety Company, Superior Gloves, Southern Gloves Inc., UVEX Safety Group, Longcane Industries, Shangdong Yuyuan Latex Gloves, Marvel Glove Industries, and Kanam Latex Industries Pvt. Ltd. Top players are focusing on developing advanced gloves made using laminated technology and nanoparticles to offer high durability and protection against chemicals and oils.
