The scope of the recent study on the “Industrial 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)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
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 actively used for protection against chemicals and other hazardous liquids in chemical industries. The industrial gloves market is highly competitive due to the presence of several regional and global players. Players operating in the market are competing based on product quality, price, and product differentiation. The global industrial gloves market is segmented by type, material, end-use industry, and geography.
Based on the end-use industry, the global industrial gloves market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. The manufacturing segment held the largest share of the global industrial gloves market in 2020. Industrial gloves are being increasingly used in the manufacturing industry as it includes the usage of heavy machinery for production that requires industrial gloves for safety. The strong regulations and regulatory norms for reducing work-related accidents led to a rise in demand for various types of industrial gloves in the manufacturing industry.
The global industrial gloves market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The Asia Pacific held the largest revenue share of the global market in 2020. Major factors driving the industrial gloves market growth in the Asia Pacific region are the high demand for gloves from the healthcare industry and the strong electronics and construction industries. Strong electronics and construction industries in countries such as China and India create a huge demand for industrial gloves. Moreover, players operating in the Asia Pacific industrial gloves market are focusing on adopting different strategies such as investments in research and development activities and new product launches, fueling the region's market growth.
Many economies were affected due to the COVID-19 pandemic. The market also experienced the tremors of disturbing raw material supply chains. The disruptions in the raw material supply chain and reduced demand from different industries adversely impacted the growth of the market. Further, North America has a lot of industries that use industrial gloves, and the adverse effect of the COVID-19 pandemic on manufacturing, construction, and chemical industries negatively impacted the demand for gloves from these industries. However, the pandemic created opportunities for gloves manufacturers to increase their production lines and produce more gloves to fulfill the demand for gloves for medical and healthcare usage.
Based on type, the global market is segmented into disposable and reusable. Based on material, the global market is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. Based on the end-use industry, the global market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. By geography, the global market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America includes countries like the US, Canada, and Mexico. Europe includes Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. South & Central America includes Brazil, Argentina, and the Rest of South & Central America.
Reasons to Buy
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 actively used for protection against chemicals and other hazardous liquids in chemical industries. The industrial gloves market is highly competitive due to the presence of several regional and global players. Players operating in the market are competing based on product quality, price, and product differentiation. The global industrial gloves market is segmented by type, material, end-use industry, and geography.
Based on the end-use industry, the global industrial gloves market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. The manufacturing segment held the largest share of the global industrial gloves market in 2020. Industrial gloves are being increasingly used in the manufacturing industry as it includes the usage of heavy machinery for production that requires industrial gloves for safety. The strong regulations and regulatory norms for reducing work-related accidents led to a rise in demand for various types of industrial gloves in the manufacturing industry.
The global industrial gloves market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The Asia Pacific held the largest revenue share of the global market in 2020. Major factors driving the industrial gloves market growth in the Asia Pacific region are the high demand for gloves from the healthcare industry and the strong electronics and construction industries. Strong electronics and construction industries in countries such as China and India create a huge demand for industrial gloves. Moreover, players operating in the Asia Pacific industrial gloves market are focusing on adopting different strategies such as investments in research and development activities and new product launches, fueling the region's market growth.
Impact of COVID-19 Pandemic on Industrial Gloves Market
Many economies were affected due to the COVID-19 pandemic. The market also experienced the tremors of disturbing raw material supply chains. The disruptions in the raw material supply chain and reduced demand from different industries adversely impacted the growth of the market. Further, North America has a lot of industries that use industrial gloves, and the adverse effect of the COVID-19 pandemic on manufacturing, construction, and chemical industries negatively impacted the demand for gloves from these industries. However, the pandemic created opportunities for gloves manufacturers to increase their production lines and produce more gloves to fulfill the demand for gloves for medical and healthcare usage.
Global Industrial Gloves Market Breakdown - by Region
,The report includes the segmentation of the global industrial gloves market as follows:
Based on type, the global market is segmented into disposable and reusable. Based on material, the global market is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. Based on the end-use industry, the global market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. By geography, the global market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America includes countries like the US, Canada, and Mexico. Europe includes Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. South & Central America includes Brazil, Argentina, and the Rest of South & Central America.
Reasons to Buy
- Highlights key business priorities to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global industrial gloves market, thereby allowing players to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals
Table of Contents
1. Introduction
3. Research Methodology
4. Industrial Gloves Market Landscape
5. Industrial Gloves Market - Key Market Dynamics
6. Industrial Gloves - Global Market Analysis
7. Industrial Gloves Market Analysis - by Type
8. Industrial Gloves Market Analysis - by End-Use Industry
9. Industrial Gloves Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Industrial Gloves Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Executive Summary
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.Gloves protect workers from injury, keep hands warm, and even protect against vibration-related syndromes. Industrial gloves are designed to provide greater barrier protection while being remarkably comfortable to wear for extended periods. Industrial gloves include material that can handle chemicals, heat or high impacts. Industrial gloves are made using different raw materials such as natural rubber, vinyl, polyethylene, and nitrile. Industrial gloves are used in manufacturing, chemicals, electronics, paint & coatings, food & beverages, oil & gas, pharmaceuticals, and other industrial use and processes, requiring additional protection for workers and their products. The major factors driving the industrial gloves market growth is due to increase in glove usage from different industries and the high demand for disposable gloves from the healthcare industry. The COVID-19 pandemic further increased the global market's demand for disposable gloves from the healthcare industry. Furthermore, the growth in the construction and electronics industries in various countries globally is projected to offer lucrative opportunities for the industrial gloves market during the forecast period. However, the fluctuations in the prices of raw materials are expected to hamper the industrial gloves market growth during the forecast period. Various factors, such as labor cost, weather, and demand and supply, cause fluctuations in raw material prices, thereby adversely impacting the market growth.
The global industrial gloves market, based on material, is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. The nitrile segment held the largest share in the global industrial gloves market in 2020. Nitrile gloves provide a form-fitting design that lets the glove stay in its place. These gloves provide excellent puncture and tear resistance, which helps protect the user from sharp tools and objects in the industrial workplace. They also provide exceptional flexibility due to the elastic materials in the product. These nitrile gloves are highly used in the healthcare sector.
In 2020, Asia Pacific held the largest revenue share of the global industrial gloves market. Major factor driving industries gloves market growth in the Asia Pacific region is the high demand for gloves from manufacturing, food & beverages, construction, healthcare, electronics, among other industries.
Strong electronics and construction industries in countries such as China and India create strong demand for industrial gloves. In the electronics industry, gloves are used due to sensitivity, antistatic, and cleanliness requirements. In the electronics industry, working conditions have a unique set of needs because workers have to protect themselves from various hazards, but they also must protect the delicate products and components they are working with. The growing construction industry creates massive demand for different industrial security equipment, including gloves. Further, Asia Pacific is one of the prominent regions for manufacturing industrial gloves due to the abundant availability of natural rubber. Countries such as Malaysia, Thailand, Indonesia, India, and China are top rubber producers. Moreover, Malaysia’s rubber glove industry enjoys consistent support from the government, thus further contributing to the industrial gloves market growth in the region.
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 R&Dactivities 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.
The overall size of global industrial gloves market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, and to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the industrial gloves market.
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 9174.06 Million |
| Forecasted Market Value ( USD | $ 16119.54 Million |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
