Industrial Gloves Market Forecasts to 2030 - Global Analysis By Product Type (Gallium Nitride and Gallium Arsenide ), By Material, 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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • 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