Press release
Industrial Gloves Market Anticipated To Witness Robust Growth, Surpassing $31.67 Billion By 2029
Industrial Gloves Market Size
What Is the Current Industrial Gloves Market Size and Its Estimated Growth Rate?
The market size for industrial gloves has seen a swift expansion in the past few years. It is anticipated to rise from $18.08 billion in 2024 to $20.23 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.9%. The notable growth in the historical period is due to an increase in safety regulations within workplaces, heightened occupational risks, expansion of the manufacturing and construction industries, a surge in demand within healthcare and medical fields, and an amplified demand in the chemical industry.
It is predicted that the industrial gloves market will experience a swift expansion in the coming years, expected to reach a worth of $31.67 billion by 2029, with a compound annual growth rate (CAGR) of 11.9%. Factors contributing to growth in the forecast period include heightened preparedness for pandemics, an escalating demand for sustainable products, the expansion of the e-commerce and logistics sectors, the increased usage of sophisticated materials and rising regulation changes. Foreseen trends in the upcoming period comprise touchscreen-friendly gloves, intelligent gloves, gloves with anti-microbial properties, ergonomically designed gloves, gloves resistant to impacts, and those resistant to cuts.
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How Are Emerging Segments Shaping the Industrial Gloves Market Landscape?
The industrial gloves market covered in this report is segmented -
1) By Product: Reusable Gloves, Disposable Gloves
2) By Material Type: Natural Rubber Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves, Polyethylene Gloves, Other Material Types (PVC, Leather Gloves)
3) By End-Use: Pharmaceuticals, Automotive and Transportation, Food, Oil and Gas, Mining, Chemicals, Other End-Uses (Pulp and Paper, Metal fabrication)
Subsegments:
1) By Reusable Gloves: Latex Gloves, Nitrile Gloves, PVC Gloves, Neoprene Gloves, Rubber Gloves
2) By Disposable Gloves: Latex Disposable Gloves, Nitrile Disposable Gloves, Vinyl Disposable Gloves, Polyethylene Disposable Gloves, Other Specialty Disposable Gloves
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Which Growth Factors Are Influencing Industrial Gloves Market Expansion?
The expansion of the industrial gloves market is likely to be fuelled by the growing healthcare and food processing sectors. The healthcare sector encompasses companies providing medical services and producing medical equipment and drugs, while the food processing sector involves companies that convert agricultural products into commodities found in local grocery stores or transform one food item into another. Industrial gloves play a crucial role in preventing the spread of disease or infection in healthcare and maintaining cleanliness in both low and high-risk environments in food processing. For example, the India Brand Equity Foundation, an export promotion agency of the Indian government, has forecasted that the Indian healthcare sector will grow three-fold, achieving a CAGR of 22% from 2016-2022, and achieve a worth of USD 372 billion by 2022. Similarly, InvestIndia, an Indian agency promoting investments, predicts that India's food processing industry, one of the world's largest, will have its production output reach $535 billion by 2025-26. This ongoing growth in healthcare and food processing industries is largely fuelling the market for industrial gloves.
Who Are the Dominant Players Across Different Industrial Gloves Market Segments?
Major companies operating in the industrial gloves market include Ansell Limited, Careplus Group Berhad, Globus Group, Hartalega Holdings BHD, Honeywell International Inc., Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Semperit AG Holding, Supermax Corporation Berhad, Top Glove Corporation Bhd, 3M Corporation, Carolina Glove and Safety Company, Rubb Corporation (M) Bhd, Ejendals AB, Lebon Protection, Kimberly-Clark Corporation, Renco Corporation, Mapa Professional, Towa Corporation, Delta Plus Group, Showa Group, MCR Safety, PIP Global, Bellingham Glove, Honeywell Safety Products, MDS Associates, Magid Glove & Safety, Wells Lamont Industrial
What Are the Latest Developing Trends in the Industrial Gloves Market?
The adoption of cutting-edge technologies is a significant trend that has been observed in the industrial gloves market. Large-scale corporations operating in this market are utilizing tech advancements such as surface technology for high-cut-risk areas and grip to maintain their competitive edge. For instance, in March 2022, Ansell, a global pioneer in protective solutions, launched the AlphaTec 58-735 gloves. These gloves, endowed with ANSELL GRIP Technology, have been optimized for improved handling in slippery and oil-rich conditions. The gloves, tailored to mitigate hand fatigue and better dexterity, are ideal for industries like manufacturing and oil and gas. An additional feature, INTERCEPT Technology, amplifies cut resistance and serves as a protective measure in risky situations. This amalgamation of amplified grip and cut resistance is symbolic of the industry's commitment towards a safer and more effective protective equipment facilitated by technological modernization.
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Which Geographic Regions Are Expected to Dominate the Industrial Gloves Market in the Coming Years?
Asia-Pacific was the largest region in the industrial gloves market in 2024. The regions covered in the industrial gloves market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Gloves Market?
2. What is the CAGR expected in the Industrial Gloves Market?
3. What Are the Key Innovations Transforming the Industrial Gloves Industry?
4. Which Region Is Leading the Industrial Gloves Market?
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