PUNE, INDIA, MAY, 19, 2022 /MarketWatch/–The Insight Partners published latest research study on “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)” 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.
Report Coverage : Details
Market Size Value in : US$ 9,174.06 million in 2021
Market Size Value by : US$ 16,119.54 million by 2028
Growth Rate : CAGR of 7.5% from 2021 to 2028.
Forecast Period : 2021- 2028
Base Year : 2021
No. of Pages : 150
No. Tables : 56
No. of Charts & Figures : 69
Historical Data Available : Yes
Segments Covered : Type, Material, and End-Use Industry
Regional Scope : North America; Europe; Asia Pacific; Latin America; MEA
Country Scope : US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage : Revenue forecast, company ranking, competitive landscape, growth factors and trends
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Industrial Gloves Market: Competitive Landscape and Key Developments
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 prominence of disposable gloves is largely observed across the healthcare industry, although they are used across diverse industrial sectors nowadays. Disposable gloves outline the primary component to serve a longstanding need for cleaner practices and barrier protection in healthcare. These gloves are heavily used by healthcare workers when they contact blood, body tissues, body fluids, broken skin, mucous membranes, and several other such things, with high chances of cross-contamination. Doctors, nurses, general medical practitioners, and surgeons extensively use disposable exam gloves as a protective barrier between them and their patients.
Industrial Gloves Market: Key Insights – Future Trends
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.
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 the disturbed 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, 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.
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Industrial Gloves Market: Segmental Overview
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. The global market, based on end-use industry, is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others.
Based on 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, 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.
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. 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 Asia Pacific industrial gloves market are focusing on adopting different strategies such as investments in research and development activities and new product launches, thereby fueling the market growth in the region.
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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.
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