Industrial gloves help protect workers hands from hazards like cuts, burns, chemical exposure and infections. They are made from various materials like rubber, latex, neoprene and vinyl catering to industries like automotive, electronics, healthcare etc. Offering protection and comfort, industrial gloves are essential for safety in workplaces.
The global Industrial Gloves Market is estimated to be valued at US$ 8,053.4 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the industrial gloves market is the growing demand for protective gloves catering to stringent safety and hygiene standards across industries. With increasing awareness about workplace safety, industries are ensuring maximum protection to workers hands through high-quality industrial gloves that are puncture and chemical resistant. This has propelled innovations in materials and designs of industrial gloves driving the market size.
SWOT Analysis
- Strength: Industrial gloves provide protection against various occupational hazards like chemicals, machinery parts etc. They help reduce workplace injuries and improve worker safety.
- Weakness: Disposable industrial gloves have lower durability and need frequent replacements. Certain materials like latex can cause allergic reactions in some people.
- Opportunity: Growing awareness about workplace safety and strict safety regulations are driving the demand for industrial gloves. There is scope for developing durable and cost-effective glove materials.
- Threats: Easy availability of cheap uncertified gloves from local players is a challenge. Economic slowdowns can impact discretionary spending on safety gear by industries.
Key Takeaways
The global industrial gloves market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing safety regulations in several industries.
Regional analysis: Asia Pacific dominates the global industrial gloves market and is expected to grow at the fastest rate during the forecast period. This can be attributed to rapid industrialization and enforcement of strict workplace safety norms in major economies like China and India. North America and Europe are also significant markets for industrial gloves.
Key players operating in the industrial gloves market include Top Gloves, Honeywell Safety Products, 3M Corporation, Ansell, Showa Group, Corolina Glove & Safety Company, Superior Gloves, Southern Gloves Inc., UVEX Safety Group, Longcane Industries, Shangdong Yuyuan Latex Gloves, Marvel Glove Industries, and Kanam Latex Industries Pvt. Ltd. Top Gloves, Honeywell and 3M have a widespread geographical presence and strong distribution networks globally.
