What Has Been the Growth Trajectory of the Industrial Gloves Market?
The industrial gloves market has seen considerable growth due to a variety of factors.
• The size of the industrial gloves market has seen swift expansion in the past few years. It's predicted to climb from $18.08 billion in 2024 to $20.23 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.9%.
This surge during the historic period is due to factors such as more stringent workplace safety rules, a rise in occupational hazards, expansion of the manufacturing and construction industries, as well as a heightened demand in the healthcare, medical, and chemical sectors.
What Does the Future Hold for the Industrial Gloves Market?
The industrial gloves market is expected to maintain its strong growth trajectory in upcoming years.
• The market for industrial gloves is predicted to expand swiftly in the coming years, reaching a size of $31.67 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 11.9%.
Significant factors contributing to this uptick in the projected period include enhanced preparedness for pandemics, growing demand for sustainable products, the booming e-commerce and logistics industries, increased utilization of cutting-edge materials, and ongoing regulatory modifications. Key trends to watch out for in this forecast timeframe are gloves with touchscreen capabilities, smart gloves, antimicrobial gloves, ergonomically designed gloves, gloves that are resistant to impacts, and gloves that offer protection against cuts.
What Main Forces Are Fueling Expansion In The Industrial Gloves Market?
The expansion of the healthcare and food processing sectors is anticipated to stimulate the progression of the industrial gloves market. The healthcare sector comprises businesses providing clinical services, as well as those manufacturing drugs and medical equipment, while the food processing industry involves businesses that convert agricultural products into food items sold at local grocery stores or used to alter one food type into another. Industrial gloves are vital in the healthcare industry for inhibiting the transmission of diseases, and for the food processing industry, these gloves are instrumental for ensuring cleanliness and decontamination in both low and high-risk regions. For example, the Indian healthcare sector, per India Brand Equity Foundation, a government export promotion agency, is projected to triple in size, growing at a 22% CAGR between 2016 and 2022, and is anticipated to hit USD 372 billion by 2022. Furthermore, InvestIndia, an Indian Investment promotion agency, states that India's food processing sector, one of the world’s largest, is predicted to achieve an output of $535 bn by 2025-26. Consequently, the expansion of both the healthcare and food processing sectors is fuelling the growth of the industrial gloves market.
What Are The Primary Segments In The Global Industrial Gloves Market?
The industrial gloves market covered in this report is segmented –
1) By Product: Reusable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves, Polyethylene Gloves, Other Material Types (PVC, Leather Gloves)
3) By End-Use: Pharmaceuticals, Automotive and Transportation, Food, Oil and Gas, Mining, Chemicals, Other End-Uses (Pulp and Paper, Metal fabrication)
Subsegments:
1) By Reusable Gloves: Latex Gloves, Nitrile Gloves, PVC Gloves, Neoprene Gloves, Rubber Gloves
2) By Disposable Gloves: Latex Disposable Gloves, Nitrile Disposable Gloves, Vinyl Disposable Gloves, Polyethylene Disposable Gloves, Other Specialty Disposable Gloves
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Which Key Trends Are Driving Changes In The Industrial Gloves Market?
The adoption of novel technologies is a rising trend in the industrial gloves market. To maintain their standing in this market, leading companies are bringing forth technological advances. These include surface technology for regions with high cut risk and enhanced grip applications. For example, in March 2022, a company at the forefront of protective solutions, Ansell, launched AlphaTec 58-735 gloves. These gloves, imbued with ANSELL GRIP Technology, offer improved grip abilities in wet and oily settings. They are engineered to decrease hand fatigue and boost dexterity, making them ideal for industrial divisions such as manufacturing, and oil and gas. The gloves also incorporate INTERCEPT Technology, which offers superior cut resistance for high-risk situation protection. The interplay of advanced grip and cut resistance underscores the sector's move towards safer and more effective protective equipment through technological advancements.
Who Are the Key Players in the Industrial Gloves Market?
Major companies operating in the industrial gloves market include:
• 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
• 3M Corporation
• Carolina Glove and Safety Company
• Rubberex Corporation (M) Bhd
• Ejendals AB
• Lebon Protection
• Kimberly-Clark Corporation
• Renco Corporation
• Mapa Professional
• Towa Corporation
• Delta Plus Group
• Showa Group
• MCR Safety
• PIP Global
• Bellingham Glove
• Honeywell Safety Products
• MDS Associates
• Magid Glove & Safety
• Wells Lamont Industrial
What Is The Most Dominant Region In The Industrial Gloves Market?
Asia-Pacific was the largest region in the industrial gloves market in 2024. The regions covered in the industrial gloves market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
