Industrial Gloves Market
Industrial Gloves Market (Product Type - Disposable Gloves, Reusable Gloves; Material Type - Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene; End use Industry - Pharmaceuticals, Automotive and Transportation, Food, Oil and Gas, Mining, Chemicals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026
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Industrial Gloves Market - Snapshot
Industrial gloves are protective wear that protects the skin from heat, sharp metals, and harmful environments. They are designed in a way to provide extreme comfort to the wearer and do not obstruct the efficiency and adroitness of the wearer. They find application in manufacturing plants, assembling plants, chemical plants, and medical institutions among others where they provide protection from heat, corrosive substances, and sharp objects.
Industrial gloves find extensive usage in the automotive and transportation, oil and gas, and food industry. Product innovation is one of key drivers of the global industrial gloves market. This market includes a variety of small and major players such as Showa Group, 3M, Honeywell, Ansell, and Uvex. These manufacturers are engaged in extensive R&D to bring out new products in the industrial gloves market.
The global industrial gloves market is expected to reach around US$ 15,271.1 Mn by 2026. The market is expected to grow in terms of volume sales at a CAGR of 9.3% during the period 2016-2026. The North America industrial gloves market is expected to incur the highest market share, accounting for US$ 21,615.8 Mn in 2026. Increasing incidence of accidents in workplaces has led end use industries to adopt PPE products, industrial gloves being one of them. Additionally, stringent regulations set by governing bodies are fueling the demand for industrial gloves. The revenue growth of industrial gloves in the pharmaceutical and food segment is the highest compared to other industries. In these industries, hand protection works both ways: protecting the workers from chemical hazards and preventing food from getting contaminated. Pharmaceutical and food segment are also expected to maintain high growth rate during the forecast period, owing to the increasing demand for gloves in these segments.
One of the main challenging factors impacting the growth of the industrial gloves market is availability of local and inexpensive products. Locally manufactured gloves are extensively used across several application segments due to which the major manufacturers in the field face stiff competition from them. Additionally, employers find it easy to procure economical glove products as they are readily available in the local market, ignoring its lower safety levels. This factor is highly restraining the market currently; but due to the strict regulations set by regulating bodies regarding the quality of these products, the impact of the restraint is likely to reduce in the future. Additionally, lack of awareness regarding usage of industrial gloves is proving to be restraint for the growth of the industrial gloves market. Many workers in developing and underdeveloped countries in Asia Pacific, South America, and Middle East & Africa are unaware about industrial gloves and the protection that they offer, which is highly restraining the market in these regions. According to the U.S. Bureau of Labor Statistics (BLS), nearly 20% of workplace injuries involve cuts and lacerations to the hand and fingers annually out of which more than 50% of the cases happen because of lack of awareness among the workers about safety protection equipment. However, developing regions such as Asia Pacific, South America, and the Middle East are yet to be tapped fully. Developing countries in Asia Pacific have significant potential for the growth of the industrial gloves market.
Some of the major players in the global industrial gloves market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries, Semperit A.G., Showa Group, and Hartalega Sdn. Bhd. etc.
Industrial Gloves Market - Overview
The industrial gloves market report provides analysis for the period 2016–2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major driving factors and key trending topics impacting the industrial gloves market growth over the forecast period. It also highlights the restraints and opportunities expected to influence the market during the aforesaid period. The study provides a comprehensive outlook on the growth of the industrial gloves market throughout the forecast period in terms of revenue (in US$ Mn) and volume (in Million Units) across different geographies, including Asia Pacific, North America, Europe, Middle East & Africa (MEA), and South America.
The report covers the entire overview of the market including the market dynamics such as drivers, restraints, and opportunities and trends that are predicted to leverage the existing nature and prospective status of this market. The competitive position of the industrial gloves market is studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.
The industrial gloves market has been provided in (US$ Mn) in terms of revenue as well as the CAGR (%) for the forecast period 2018 to 2026. The industrial gloves market is a global report studied on the basis of product type, end-user, and region.
The report also highlights the competitive landscape of the industrial gloves market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive industrial gloves market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the industrial gloves market’s growth. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution in the industrial gloves market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section.
Some of the major players in the global industrial gloves market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries, Semperit A.G., Showa Group, Hartalega Sdn. Bhd., Dipped Products Plc., Uvex Group etc.
The industrial gloves market is segmented below:
Industrial Gloves Market
By Product Type
- Reusable Gloves
- Disposable Gloves
By Material Type
- Natural Rubber Gloves
- Nitrile Gloves
- Vinyl Gloves
- Neoprene Gloves
- Polyethylene Gloves
- Others (PVC, Leather Gloves etc.)
By End-use Industry
- Automotive & Transportation
- Oil and Gas
- Others (Pulp and Paper, Metal fabrication etc.)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America