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Persistence Market Research in its new report projects that in 2017, around 113,272
Mn pairs of industrial gloves will be sold worldwide. As per the estimate, hand
injuries are among the leading work accidents, hence regulatory bodies are trying to
enforce strict worker safety regulations making industrial gloves a compulsory safety
gear. According to the report, the global industrial gloves market is set to increase at a
CAGR of 9.2% over the forecast period (2017-2025) to reach a valuation of US$
12,294.3 Mn by 2025-end. Demand for protective and safety products (especially fire
and cut resistant industrial gloves) is expected to increase due to the changing nature
and type of industrial hazards resulting from the increased use of new materials,
paints, and interior designs. This will push manufacturers of industrial glove to
introduce more durable products that can ensure greater safety from modern
industrial workplace atrocities. For manufacturers, potential market opportunities lie
in the development of modified protective industrial gloves that ensure protection to
workers and operators against threats.
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The oil & gas and chemical sector is expected to exhibit strong demand for hand and
arm protection equipment. Flash fires and burns are main concerns in these
industries, which mandates the use of flame resistant gloves and other hand
protection equipment. The report cites that robust industrial growth in emerging
counties is also facilitating the adoption of industrial gloves. Major industrial sectors,
including mining, construction, utilities, and oil and gas are currently witnessing a
boom in countries such as China, Brazil, and India, consequently demand for worker
safety equipment is also on the rise in these countries. Factors as such are likely to
favor the growth of the global industrial gloves market over the next couple of years.
Based on material type, around 41,902 Mn pairs of nitrile gloves were sold globally
and is expected to remain the predominant segment throughout the forecast period.
The HPPE grove segment, on the other hand, is slated to register the fastest CAGR
both in terms of value and volume, owing to its rapid adoption in various industrial
sectors.Based on coating type, nitrile coted gloves offer superior protection from heat
and reactive chemicals during their rigorous use, hence is preferred in most
manufacturing sectors. These gloves are also commonly healthcare examination.
Nevertheless, manufacturers are trying to improve it endurance against ozone,
oxygen, and ultraviolet light.
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The strict regulations and rules imposed by the government and the other regulating
bodies on the manufacturers in the developed regions such as North America, Europe
and Japan continues to make them lucrative markets for industrial gloves.
Particularly, the market in North America is projected to register the fastest CAGR
during the forecast period. Meanwhile, a notable increase in sales of industrial gloves
has been observed in BRICS nations (Brazil, Russia, India, China and South Africa).
Market players are trying to improve product quality by implementing innovative
technologies as well as by using tougher and long lasting raw materials and offer
additional features in their products at a competitive price point. Ansell Limited,
Dipped Products Plc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd.,
Top Glove Corporation Bhd, Rubberex Corporation (M) Bhd., Globus (Shetland)
Ltd., Johnson Wilshire Inc., Protective Industrial Products, Inc (PIP), Smart Glove
Corporation Sdn. Bhd., Southern Glove, Inc., 3M Company, Uvex Winter Holding
GmbH & Co. KG, SEMPERIT AG HOLDING, Riverstone Holdings Limited.,
Supermax Corp. Bhd, Honeywell International, Inc., Magid Glove & Safety
Manufacturing Company LLC., Lakeland Industries, Inc. and Shun Thai Rubber
Gloves Industry Public Company Limited are some of the leading companies
operating in the global industrial gloves market.
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