The global industrial gloves market has been segmented into product type, application, material type and geography. By product type, it is further segmented into re-usable gloves and disposable gloves.
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Global Industrial Gloves Market Report, published by Variant Market Research, forecast that the global market is expected to reach $9 billion by 2024 from $4 billion in 2016; growing at a CAGR of 8.6% from 2016 to 2024. Major factors supporting growth of the industrial gloves market are industrialization, demand for safety and hygiene at workplaces, and rules & regulations supporting the use of protective gears at workplaces.
Though, availability of substandard products and variations in raw material prices may hamper the growth of the market. Additionally, increasing R&D for product innovations and initiatives taken by government organizations would provide growth opportunities during the forecast periods.
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Global industrial gloves market has been bifurcated into product type, material type, application, and geography. The product type comprises disposable gloves and re-usable gloves.
Disposable gloves accounted for the largest market share in 2016, and are expected to continue its dominance during the forecast period 2016-2024. Disposable gloves are durable and used for high performance in manufacturing sector.
In hospitals, and clinics, disposable gloves are widely used to avoid risk of mucous membranes, blood, and other physical fluids. Material type segment includes nitrile, vinyl, polyethylene, rubber, neoprene, and others.
Application segment can be segregated into chemicals, pharmaceuticals, healthcare, food, manufacturing and others. Pharmaceuticals and chemicals applications dominated the applications segment and expected to maintain their dominance over the forecast period.
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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the key regions covered in the global industrial gloves market. Asia-Pacific is expected to attain the fastest CAGR of 9.6% during the forecast period 2016-2024.
The growth is attributed to the expanding industrialization in the countries such as India and China among others. North America held the largest market share of 37.4% in 2016, owning to rise in the number of accidents and stringent regulations regarding worker safety.
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The major key players operating in the market are Lakeland Industries, Inc., Southern Glove, Inc., Protective Industrial Products Inc., Honeywell Safety Products, Showa Group, Ansell Ltd., 3M Corporation, Bacou-Dalloz, Inc., MSA Safety, Westchester Holdings, Inc, Liberty Gloves & Safety, Inc., and Towa Corporation, among others.
Scope of Industrial Gloves Market
Product Type Segments
- Re-Usable Gloves
- Disposable Gloves
Material Type Segments
- North America
- South America
- Middle East
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