by Market Overview:
Industrial gloves help protect employees’ hands from chemical, mechanical, thermal, and biological hazards that may cause injuries or illnesses. They ensure safety and hygiene during manufacturing, construction, chemical processing and other industrial activities.
Market key trends:
One of the key trends in the industrial gloves market is the rising demand for gloves made from synthetic and rubber materials. These materials offer better protection, durability, and breathability compared to conventional leather and cotton gloves. Advances in material science have led to development of gloves made from polymers, nitrile, neoprene and other chemically resistant man-made fibers. Their excellent resistance to cuts, punctures, chemicals, oils, solvents and heat make them ideal for applications in the automotive, oil & gas, chemical, construction and healthcare industries.
One of the key trends in the industrial gloves market is the growing demand for gloves made of cut-resistant materials. This is mainly due to the increasing concerns over hand injuries in industries such as automotive, oil & gas, construction, chemicals, and manufacturing. Cut-resistant gloves made of materials like Kevlar, steel, aluminized fibers, balistic nylon, and polyethylene offer high dexterity along with protection from cuts and lacerations caused by sharp objects. Various manufacturers are developing advanced cut-resistant gloves using hybrid technologies to meet the rising needs of worker safety.
The global Industrial Gloves Market Growth is estimated to be valued at US$ 8614.72 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.
SWOT Analysis
Strength: The industrial gloves market has strong growth opportunities due to mandates enforcing the use of gloves in industries dealing with hazardous materials. Various countries have formulated stringent regulations regarding industrial safety.
Weakness: Industrial gloves made of certain materials can reduce dexterity and tactile sensitivity of hands. This may hamper efficiency especially in industries requiring intricate manual work.
Opportunity: Launch of innovative gloves made using advanced materials such as composite fibers and nanomaterials. These offer high levels of protection without compromising comfort.
Threats: Fragmented market poses threat from local manufacturers offering low-cost alternatives. Economic slowdowns can reduce safety budget of industries hampering market prospects.
Key Takeaways
The global Industrial Gloves Market is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing safety regulations in major industries. The market size for Industrial Gloves was valued at US$ 8614.72 Mn in 2023.
Regional analysis: North America is expected to dominate the industrial gloves market owing to stringent worker safety norms in major countries like the US. Asia Pacific is anticipated to be the fastest growing region due to rapidly expanding manufacturing and construction industries in countries such as China and India.
Key players operating in the Industrial Gloves market are 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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
