Industrial Gloves Market Targets to Reach $17.0 billion by 2027

According to a new report published by Allied Market Research, titled, "Industrial Gloves Market By Usability, By End-User, By Material, By Glove Type, By Protection, and By Region: Opportunity Analysis and Industry Forecast, 2020-2027,"the global industrial gloves market was valued at $6.9 billion in 2019, and is projected to reach $17.0 billion by 2027, growing at a CAGR of 12.5% from 2019 to 2027.
Industrial gloves are protective wear in various industries such as automotive, food & beverage, oil & gas, chemicals, and others. Industrial gloves are used for workers safety and health standards across end-use
industries to prevent glass cuts, metal cuts, and exposure of hands to hazardous chemical. Industrial hand gloves are primarily used in assembling plants, manufacturing plants, medical institutions, and chemical plants where they protect from heat corrosive substances and sharp objects.

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Increase in demand for disposable gloves in the healthcare industry is anticipated to drive the growth of the industrial gloves market during the forecast period. Disposable gloves are used in a variety of industries such as medical devices, pharmaceutical, and hospital &food industry with an objective to protect the workers from infections working in hospitals and preventing food from getting contaminated while processing. In addition, the increase in its usage for household work has also surged the demand for industrial gloves globally. In addition, flourishing automotive, chemical, and oil & gas industry has also increased the demand for industrial gloves as workers sustain crushing, pinching, and cut &chemical hazards that make up most of the serious injuries. Furthermore, there is an increase in the demand for industrial gloves in the construction industry as the workers at construction site has to go through hand injuries like metal cuts and glass cuts. Hence, wearing proper gloves that lead to safety of hands of the workers and reduces the cases of any medical emergencies. These factors are expectedto increase the demand for industrial gloves across the globe during the forecast period.

However, availability of local and inexpensive products and lack of awareness regarding usage of industrial gloves are expected to hinder the growth of the industrial gloves market. Owing to this, the production volume of industrial gloves is expected to fall during the forecast period. Moreover, implementation of innovated technologies in the production of industrial gloves is expected to provide growth opportunities for industrial gloves market in the future.
By usability, the global industrial gloves market is bifurcatedinto disposable gloves and reusable gloves. The disposable gloves segment is expected to garner the higher market share during the forecast period, owing to increase in usage of these gloves in the food, hospital, medical devices, and pharmaceuticalindustries.

Disposable gloves on the basis of materialis segmented into natural rubber gloves, nitrile gloves, vinyl gloves, neoprene gloves, polyethylene gloves, and other. The natural rubber glovessegment is anticipated to garner the highest market share during the forecast period, owing to increase in usage of these gloves in the chemical industry as well as for household purpose.
Disposable gloves on the basis of end-user is divided intoaerospace, disk drives, flat panels, food, hospitals, medical devices, pharmaceuticals, semiconductors, and others.
The semiconductorsegment is expected to garner the higher market share during the forecast period owing to increase usage of industrial gloves in the semiconductor industryas these are bad conductors of electricity and comparatively stiffer with least elasticity.

Reusable gloves on the basis of protectionis categorized intogeneral purpose/mechanical protection, chemical/liquid protection and product protection. The general purpose/mechanical protection segmentedis classified to garner the higher market share during the forecast period as these gloves strengthen the workers grip and reduce the risk of injury while working on the machine.

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Reusable gloves on the basis of end-usersis fragmentedintomachinery, oil & gas, metal fabrication, automotive, chemical, construction, plane manufacturing, food processing, office building cleaners, healthcare, and others. The machinery segmentis projected to garner the highest market share during the forecast period owing to rapid industrialization across the emerging economies such as India and China has led to setting up of many industrial manufacturing units that use variousheavy machinerieswhereindustrial gloves are required to safeguard the workers hands.
Reusable gloves on the basis of gloves typeis divided intodipped gloves, knitted gloves, supported knitted gloves, and others. The supported knitted glovessegment is anticipated to garner the higher market share during the forecast period as these gloves haveexcellent resistance to hot and cold temperatures, they absorb sweat, offer superb puncture &abrasion resistance, and are quite durable due to the liner.
By region, the industrial gloves market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to garner the highest market share during the forecast period due to stringent regulations regarding the safety of labor and working individuals. If any irregularities are found then the employer is charged with heavy penalties, and it also creates bad image of the company among consumers and in the market. This kind of stringent regulations laid down by the governments are expected to drive the growth of the industrial gloves market across the globe.

Key Findings Of The Study
o The Asia-Pacific industrial glove market is projected to grow at a highest CAGR of nearly 13.9%, in terms of revenue, during the forecast period.
o The disposable glove of usability segment is anticipated to witness moderate growth rate of 13.0%, in terms of revenue, during the forecast period.
o Industrial gloves market share of North America in 2019 is 41.0%, in terms of revenue.
o The reusable gloves segment is anticipated to witness moderate growth rate of 11.6%, in terms of revenue, during the forecast period.
o The key players operating in the global industrial glove market industry include Top Glove Corporation Berhad, Hartalega Holdings, Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Careplus Group Berhad, Supermax Corp., Ansell Healthcare, SHOWA, Inc., Honeywell International Inc., and Semperit AG Holding.

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