Industrial Gloves Market Size, Share | Industry Forecast, 2027

 

Industrial Gloves Market

The Industrial Gloves Market is anticipated to reach at USD 15,106 Million by 2027, growing at a CAGR of 10.7% over the forecast period (2020-2027).

The factors driving the growth of Industrial Gloves Market includes increasing application of Industrial Gloves in end-use industries such as pharmaceuticals, chemicals, mining and oil and gas, rising number of accidents happening at workplace and increasing demand for disposable gloves across the globe. As per the report published by Bloomberg, the Global Disposable Gloves Market is predicted to reach US$ 9,553.9 million by the end of 2022, growing at a robust CAGR of 13% over the forecast period (2022-2030), which will boost the demand for Industrial Gloves in the approaching years. Moreover, the strict laws regarding worker’s safety, expansion in the food & beverage industry and increasing investments in the healthcare sector, are some of the additional factors supplementing the Industrial Gloves Market Growth. As per The Economic Times, the Indian government's expenditure on healthcare has significantly increased from 28.6% in FY2013-2014 to 40.8% in FY2017-18, which is expected to boost the market growth in India.

However, the growth of Industrial Gloves Market is hindered due to insufficient knowledge about the benefits of industrial gloves amongst consumers.

The leading players operating in the market are Hartalega Holdings Berhad, Top Glove Corporation Bhd, Riverstone Holdings Limited, Honeywell International Inc., Semperit AG Holding, Rubber Industries Bhd, Supermax Corporation Berhad, Globus Group, Ansell Ltd. And Careplus Group Berhad among others.

Product Type: Segment Analysis

Based on product type, the disposable Gloves segment is predicted to capture a sizeable market share during the forecast period attributed to increasing demand for disposable glove in the food and beverage industry.

Materials Type: Segment Analysis

Based on material type, the Natural Rubber segment is projected to expand at a significant CAGR during the forecast period. The rising application of rubber globes in battery manufacturing, chemical processing, and mining due to its ability to provide high degree of protection from chemicals and biohazards.

Regional: Segment Analysis

Based on region, the North American region is estimated to grow at a faster CAGR over the forecast period. safety laws issued by Government, growing demand for superior and comfortable gloves, high disposable incomes and improved living standards, are some of the important factors propelling the Industrial Gloves Market size in North American region.

 

Market Segmentation

Global Industrial Gloves Market by Product Type

  • Reusable Gloves
  • Disposable Gloves

Global Industrial Gloves Market by Material Type

  • Nitrile
  • Natural Rubber
  • Neoprene
  • Vinyl
  • Polyethylene
  • Others

Global Industrial Gloves Market by End-Use Industry

  • Automotive & Transportation
  • Pharmaceuticals
  • Oil & Gas
  • Food
  • Chemicals
  • Mining
  • Others

Global Industrial Gloves Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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