Industrial Gloves Market
Industrial Gloves Market Forecasts to 2030 - Global Analysis By Product Type (Gallium Nitride (GaN) and Gallium Arsenide (GaAs)), By Material (Natural Rubber/Latex, Nitrile, Vinyl and Other Materials), Sales Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Industrial Gloves Market is accounted for $9.6 billion in 2023 and is expected to reach $19.9 billion by 2030 growing at a CAGR of 10.9% during the forecast period. Industrial gloves are protective hand coverings worn by workers in various industries to shield against hazards such as chemicals, cuts, punctures, and abrasions. These gloves offer protection while enabling dexterity and tactile sensitivity. They are crucial pieces of personal protective equipment (PPE) in manufacturing, construction, healthcare, and other sectors to ensure worker safety.
According to OH&S, hand accidents account from between 40 to 60 percent of recordable workplace incidents.
Market Dynamics:
Driver:
Growing industrialization
Growing industrialization serves as a significant driver in the industrial gloves market due to its correlation with increased workforce activities across various sectors. As industrial activities expand, there is a heightened need for personal protective equipment (PPE), like gloves, to ensure worker safety. Industries such as manufacturing, construction, automotive, and chemicals witness rising demand for industrial gloves to mitigate the risks of hand injuries and occupational hazards, thereby driving the growth of the market.
Restraint:
Fluctuations in the prices of raw materials
Materials such as latex, nitrile, and rubber, key components in glove manufacturing are subject to price volatility due to factors like supply chain disruptions, currency fluctuations, and changes in demand. Manufacturers may face challenges in maintaining competitive pricing and profitability amidst fluctuating raw material costs, potentially affecting market dynamics and hindering growth opportunities.
Opportunity:
Technological advancements
Technological advancements present a significant opportunity in the industrial gloves market by enabling the development of more advanced and innovative glove designs. These advancements include the integration of features such as touchscreen compatibility, enhanced grip, cut resistance, and ergonomic designs, improving both performance and wearer comfort. Additionally, innovations in materials science and manufacturing processes allow for the production of gloves with superior durability, chemical resistance, and tactile sensitivity, meeting the evolving needs and safety requirements of various industries.
Threat:
Counterfeit products
Counterfeit gloves often lack the quality standards and durability of genuine products, increasing the risk of workplace accidents and injuries. Moreover, counterfeiters may use inferior materials and production methods, leading to gloves that fail to provide adequate protection against workplace hazards. Additionally, counterfeit goods undermine the credibility of legitimate manufacturers, eroding consumer trust and market confidence in the industrial glove industry.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the industrial gloves market, driving increased demand from healthcare, sanitation, and essential industries for personal protective equipment (PPE). Supply chain disruptions, shortages of raw materials, and heightened safety protocols resulted in production delays and rising costs. However, the surge in demand led to market expansion and accelerated innovation in glove manufacturing technologies to meet evolving needs.
The disposable gloves segment is expected to be the largest during the forecast period
The disposable gloves segment is projected to dominate the industrial gloves market during the forecast period due to several factors. Heightened hygiene awareness, particularly in the healthcare, food processing, and sanitation sectors, drives demand for single-use gloves to prevent cross-contamination and ensure safety. Additionally, the convenience, cost-effectiveness, and regulatory compliance associated with disposable gloves further contribute to their widespread adoption. With the ongoing emphasis on health and safety standards, the disposable gloves segment is expected to maintain its leading position in the market.
The online sales segment is expected to have the highest CAGR during the forecast period
The online sales segment is anticipated to experience the highest CAGR in the industrial gloves market during the forecast period. This is owing to the growing adoption of e-commerce platforms, the convenience of online purchasing, wider product availability, and increased digitalization across industries. Moreover, the COVID-19 pandemic has accelerated the shift towards online shopping, prompting industrial glove manufacturers to enhance their online presence and streamline their distribution channels to meet the rising demand efficiently.
Region with largest share:
North America is positioned to lead the industrial gloves market due to stringent safety regulations in industries, high adoption of advanced manufacturing processes, and a strong focus on worker safety. Additionally, the region's robust healthcare infrastructure and extensive industrial activities contribute to the significant demand for industrial gloves. Moreover, increasing awareness about workplace safety and the presence of key market players further strengthen North America's dominance, making it a prominent hub for industrial gloves manufacturing and consumption.
Region with highest CAGR:
The Asia Pacific region foresees rapid growth in the industrial gloves market due to several key factors. These include the region's expanding industrial sector, particularly in manufacturing, construction, and healthcare. Additionally, increasing awareness of workplace safety standards and regulations, coupled with rising investments in infrastructure development, is driving the demand for industrial gloves. Moreover, the region's large population, rising disposable incomes, and growing focus on hygiene and health contribute to the anticipated surge in demand for industrial gloves across various industries.
Key players in the market
Some of the key players in Industrial Gloves Market include Acme Safetywears Limited, Ansell Limited, Cardinal Health, Inc., Delta Plus Group, Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corporation, Kossan Rubber Industries Bhd, Lakeland Industries Inc., MAPA Professionnel, MCR Safety, Midas Safety, Protective Industrial Products (PIP), Showa Group, Superior Glove Works Ltd., Supermax Corporation Berhad, Top Glove Corporation Bhd, Towa Corporation and W.W. Grainger, Inc.
Key Developments:
In March 2023, Ansell Limited opened its packing & irradiation operations at its new Kovai manufacturing facility in India. The company also invested US$ 80 Mn in its significant Greenfield Manufacturing Plant in India. The expansion helped the company to increase its product portfolio and focus on developing a growth strategy to improve presence in the region.
In February 2023, Honeywell announced that ExxonMobil will deploy one of Honeywell's carbon capture technologies – Honeywell's CO2 Fractionation and Hydrogen Purification System - at its integrated complex in Baytown, Texas. This technology is expected to enable ExxonMobil to capture about 7 million tons of carbon dioxide (CO2) per year, the equivalent of the emission of 1.5 million of automobiles for one year.
Product Types Covered:
• Disposable Gloves
• Reusable/Non-Disposable Gloves
Materials Covered:
• Natural Rubber/Latex
• Nitrile
• Vinyl
• Neoprene
• Polyethylene
• Other Materials
Sales Channel Covered:
• Direct Sales
• Distributor Sales
• Online Sales
Applications Covered:
• Chemical handling
• Cut and puncture protection
• Electrical insulation
• Heat protection
• Impact protection
• Vibration dampening
• Other Applications
End Users Covered:
• Chemicals
• Construction
• Electronics
• Food processing
• Healthcare
• Manufacturing
• Mining
• Oil and Gas
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Gloves Market, By Product Type
5.1 Introduction
5.2 Disposable Gloves
5.3 Reusable/Non-Disposable Gloves
6 Global Industrial Gloves Market, By Material
6.1 Introduction
6.2 Natural Rubber/Latex
6.3 Nitrile
6.4 Vinyl
6.5 Neoprene
6.6 Polyethylene
6.7 Other Materials
7 Global Industrial Gloves Market, By Sales Channel
7.1 Introduction
7.2 Direct Sales
7.3 Distributor Sales
7.4 Online Sales
8 Global Industrial Gloves Market, By Application
8.1 Introduction
8.2 Chemical handling
8.3 Cut and puncture protection
8.4 Electrical insulation
8.5 Heat protection
8.6 Impact protection
8.7 Vibration dampening
8.8 Other Applications
9 Global Industrial Gloves Market, By End User
9.1 Introduction
9.2 Chemicals
9.3 Construction
9.4 Electronics
9.5 Food processing
9.6 Healthcare
9.7 Manufacturing
9.8 Mining
9.9 Oil and Gas
9.10 Other End Users
10 Global Industrial Gloves Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Acme Safetywears Limited
12.2 Ansell Limited
12.3 Cardinal Health, Inc.
12.4 Delta Plus Group
12.5 Hartalega Holdings Berhad
12.6 Honeywell International Inc.
12.7 Kimberly-Clark Corporation
12.8 Kossan Rubber Industries Bhd
12.9 Lakeland Industries Inc.
12.10 MAPA Professionnel
12.11 MCR Safety
12.12 Midas Safety
12.13 Protective Industrial Products (PIP)
12.14 Showa Group
12.15 Superior Glove Works Ltd.
12.16 Supermax Corporation Berhad
12.17 Top Glove Corporation Bhd
12.18 Towa Corporation
12.19 W.W. Grainger, Inc.
List of Tables
1 Global Industrial Gloves Market Outlook, By Region (2021-2030) ($MN)
2 Global Industrial Gloves Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Industrial Gloves Market Outlook, By Disposable Gloves (2021-2030) ($MN)
4 Global Industrial Gloves Market Outlook, By Reusable/Non-Disposable Gloves (2021-2030) ($MN)
5 Global Industrial Gloves Market Outlook, By Material (2021-2030) ($MN)
6 Global Industrial Gloves Market Outlook, By Natural Rubber/Latex (2021-2030) ($MN)
7 Global Industrial Gloves Market Outlook, By Nitrile (2021-2030) ($MN)
8 Global Industrial Gloves Market Outlook, By Vinyl (2021-2030) ($MN)
9 Global Industrial Gloves Market Outlook, By Neoprene (2021-2030) ($MN)
10 Global Industrial Gloves Market Outlook, By Polyethylene (2021-2030) ($MN)
11 Global Industrial Gloves Market Outlook, By Other Materials (2021-2030) ($MN)
12 Global Industrial Gloves Market Outlook, By Sales Channel (2021-2030) ($MN)
13 Global Industrial Gloves Market Outlook, By Direct Sales (2021-2030) ($MN)
14 Global Industrial Gloves Market Outlook, By Distributor Sales (2021-2030) ($MN)
15 Global Industrial Gloves Market Outlook, By Online Sales (2021-2030) ($MN)
16 Global Industrial Gloves Market Outlook, By Application (2021-2030) ($MN)
17 Global Industrial Gloves Market Outlook, By Chemical handling (2021-2030) ($MN)
18 Global Industrial Gloves Market Outlook, By Cut and puncture protection (2021-2030) ($MN)
19 Global Industrial Gloves Market Outlook, By Electrical insulation (2021-2030) ($MN)
20 Global Industrial Gloves Market Outlook, By Heat protection (2021-2030) ($MN)
21 Global Industrial Gloves Market Outlook, By Impact protection (2021-2030) ($MN)
22 Global Industrial Gloves Market Outlook, By Vibration dampening (2021-2030) ($MN)
23 Global Industrial Gloves Market Outlook, By Other Applications (2021-2030) ($MN)
24 Global Industrial Gloves Market Outlook, By End User (2021-2030) ($MN)
25 Global Industrial Gloves Market Outlook, By Chemicals (2021-2030) ($MN)
26 Global Industrial Gloves Market Outlook, By Construction (2021-2030) ($MN)
27 Global Industrial Gloves Market Outlook, By Electronics (2021-2030) ($MN)
28 Global Industrial Gloves Market Outlook, By Food processing (2021-2030) ($MN)
29 Global Industrial Gloves Market Outlook, By Healthcare (2021-2030) ($MN)
30 Global Industrial Gloves Market Outlook, By Manufacturing (2021-2030) ($MN)
31 Global Industrial Gloves Market Outlook, By Mining (2021-2030) ($MN)
32 Global Industrial Gloves Market Outlook, By Oil and Gas (2021-2030) ($MN)
33 Global Industrial Gloves Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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