Industrial Gloves Market Value To Hit $20.2 Billion By 2032 | Leading Global Companies & Regional Average Pricing Analysis

Allied Market Research published a report, titled, "Industrial gloves Market by Usability (Disposable, Reusable): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global industrial gloves industry generated $8.7 billion in 2022, and is anticipated to generate $20.2 billion by 2032, witnessing a CAGR of 8.9% from 2023 to 2032.

Drivers, restraints, and opportunities-

The global industrial gloves market is driven by factors such as increasing awareness regarding personal safety & hygiene, rise in the variety of threats to the personnel, rapid developments in the food processing industry, and rise in demand for high dexterity gloves. However, the availability of local & inexpensive gloves and lack of awareness regarding the usage of industrial gloves restrain the market growth. On the other hand, the implementation of innovative technologies is expected to offer better growth prospects for the growth of the industrial gloves market in the future.

The disposable gloves segment to maintain its leadership status throughout the forecast period

Based on usability, the disposable gloves segment held the highest market share in 2022, accounting for more than three-fifths of the global industrial gloves market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to factors such as increase in demand from the healthcare sector due to the ongoing COVID-19 pandemic, stringent safety regulations, growth in awareness about personal hygiene, increase in use in the automotive industry, and technological advancements. However, the reusable gloves segment is expected to witness the fastest CAGR of 9.2% from 2023 to 2032, owing to rising demand for chemical-resistant gloves in industries such as chemical manufacturing, oil and gas, and pharmaceuticals. In addition, reusable gloves are increasingly being used in healthcare settings for a variety of applications, such as handling medications and performing medical procedures.

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The semiconductor segment to retain the dominant share-

Based on end users, the disposable industrial gloves market is segment into aerospace, disk drives, flat panels, food, hospitals, medical devices, pharmaceuticals, semiconductors, and others. The semiconductors segment accounted for the maximum share in 2019, holding nearly one-fourth of the total share, and is estimated to maintain the highest share during the forecast period. This is due to increased usage of industrial gloves in the semiconductor industry owing to its properties like bad conductors of electricity and comparative stiffness with least elasticity, which protects workers hands from electric shocks while working. On the other hand, the food industry segment is estimated to portray the highest CAGR of 15.9% during the forecast period. This is due to the regulations of FDA that has made it mandatory to use gloves while preparing food as hand washing is not sufficient to prevent transmitting these pathogens.

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North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for around two-fifths of the global industrial gloves market revenue and is likely to dominate the market during the forecast period. The North American industrial gloves market is a significant market that is driven by the increasing demand for personal protective equipment (PPE) and the growing awareness of the importance of workplace safety. Industrial gloves are essential in various industries, including healthcare, food processing, and manufacturing, to protect workers from hazardous materials, chemicals, and infectious agents. However, the Asia-Pacific region is expected to witness the fastest CAGR of 9.8% from 2023 to 2032, driven by several factors such as increasing awareness about personal protective equipment (PPE), rising demand from various end-use industries, and growing concerns over workplace safety.

Leading Market Players: -
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.
Semperit AG Holding

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