Published: Jul, 2018
While all industries have always been welcoming to automation techniques in order to achieve higher efficiencies, manual labor or expert-interventions are far from being overcome. Hands are the primary body parts that are used to perform industrial labor that might mean the involvement of extremes of heat and cold, electricity, chemicals, force, or sharpness. Industrial gloves are specifically made to provide protection as well as grip for precision processes. Governments of nearly all countries that have a thriving industrial sector have placed stringent regulations for measures that ensure worker safety and there, the industrial gloves market is flourishing.
According to a freshly compiled business publication by Transparency Market Research (TMR), the demand in the global industrial gloves market will increment at an impressive compound annual growth rate (CAGR) of 10.5% during the forecast period of 2017 to 2024. In terms of revenue, the analyst of the report has estimated that the opportunities in the global industrial gloves market will translate into a revenue of US$11.01 billion by the end of 2024, mounting substantially from its evaluated worth of US$5.50 billion as of 2017.
A Few Players Dominating with Brand Name and Expertise
The analyst of the TMR report has notified of an intensely competitive vendor landscape in the global industrial gloves market, which has been attributed to the presence of a number of well-established players. Vendors such as Honeywell, Ansell Ltd., 3M Corporation, and Showa Group have been around for several decades, building a brand name via their esteemed product portfolio. For instance, Ansell offers ACTIVARMR 43-217 for thermal heat protection for welders and ACTIVARMR 46-111 for demanding environments that also require grip for precision. On the other hand, 3M offers general purpose work gloves, cut resistant work gloves, winter work industrial gloves, gripping material work gloves, and high dexterity work gloves.
Based on product, the TMR report has segmented the industrial gloves market into re-usable and disposable gloves, whereas the end use industries studied under this report for their demand potential are manufacturing, chemicals, healthcare, food, and pharmaceuticals. The market has also been categorized on the basis of material, into nitrile, polyethylene, vinyl, and rubber. Geographically, Europe and North America have been rated as the regions with greatest demand potential, although the Asia Pacific industrial gloves market has been projected for an above-average growth rate.
Rising Awareness for Safety and Hygiene Driving Demand
Apart from the growth of all its end use industries and stringent government regulations for worker safety measures, the market for industrial gloves is gaining traction from rising level of awareness among the intended consumers. With the usage of these gloves, not only projection can be ensured but also the quality of products can be refrained from contamination, which can be essential for the industries of pharmaceuticals, healthcare, and food and beverages. On the other hand, concerns pertaining to skin allergies, increasing adoption of automation methods, and high cost are somewhat restraining the demand for industrial gloves from attaining greater profitability.
- Global industrial gloves is estimated to produce revenue of US$11.01 billion by 2024
- Handful of companies are holding major shares and competition intensely among themselves
- Strict governmental regulations for worker safety key driver of the market for industrial gloves
The information presented in this review is based on a Transparency Market Research report, titled, “Industrial Gloves Market (Product - Disposable Gloves and Re-Usable Gloves; Application Industry - Pharmaceuticals, Food, Healthcare, Chemicals, and Manufacturing; Material - Rubber, Nitrile, Vinyl, Neoprene, and Polyethylene) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024.”
Key Segments of the Global Industrial Gloves Market
By Product Type
- Disposable Gloves
- Re-Usable Gloves
By Application Type
By Material Type
By Region and Country
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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