February 19, 2021
As cited by the business intelligence report titled ‘Global Industrial Hand Gloves Market Size study, by Material (Natural Rubber, Leather Gloves, Polyethylene Gloves, Neoprene Gloves, Others), by Product (Reusable Gloves, Disposable Gloves), by Application (Healthcare, Chemical, Automotive, Construction, Food & Beverage, Others) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global industrial hand gloves market was valued at USD 6.2 billion in 2019 and is estimated to record 7.3% CAGR over 2020-2027, subsequently accumulating USD 10.9 billion by the end of the study period.
Research analysts cite that growing concerns regarding workplace safety and subsequent rise in adoption of gloves across several industries including healthcare institutions, chemical factories, and manufacturing & assembling plants are driving global industrial hand gloves market. For instance, in pharmaceutical sector, industrial gloves are utilized for prevention of contamination are. Whereas, they are witnessing an increased utilization in the food & beverages industry to maintain a hygienic environment.
For the record, industrial hand gloves are a type of protective wear used for safeguarding the skin from high-temperature sources, sharp metals, heat, and hazardous chemicals. They are specifically designed to providing comfort to the workers to improve work efficiency and proficiency.
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The demand for industrial gloves has seen an uptick due to government initiatives and regulations promoting workplace safety. Further, surging demand for enhanced performance as well as comfort among workers and growing focus of globally renowned companies towards worker safety are positively swaying global industrial hand gloves market dynamics.
On the contrary, rising adoption of automation technologies and availability of alternative affordable products are restraining the industry expansion. However, imposition of stringent regulations by governments, mandating the use of hygienic products amid the Covid-19 pandemic, has impelled the demand for industrial hand gloves.
Based on product scope, global industrial hand gloves market sphere is segmented into disposable gloves and reusable gloves. The application spectrum of this domain is categorized into food & beverages, construction, automotive, chemical, and healthcare among others.
Geographically, North America holds a substantial portion of global industrial hand gloves market share, primarily due to presence of a well-established healthcare sector, flourishing food & beverage industry, along with a high concentration of leading manufacturers in the region.
Meanwhile, Europe is predicted to emerge as a major growth avenue for the industry and is touted to record a robust CAGR over 2020-2027. Rapid development in the automotive sector and establishment of new norms regarding safety of workers are contributing to the remuneration of the regional market.
Key participants in global industrial hand gloves market sphere are Honeywell International Inc., Top Glove Corporation Bhd, TOWA Corporation, Shamrock Manufacturing Co., Inc., 3M Company, Globus Group, Rubberex Corp., Ansell Ltd., Semperit AG Holding, and Kossan Rubber Industries Bhd among others.