Rising awareness pertaining to worker’s safety to drive the growth of global industrial gloves market
According to TechSci Research report, “Global Industrial Gloves Market By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, Other), By Usability (Disposable and Reusable), By Protection Type (General purpose/ Mechanical, Chemical/ Liquid, Product Protection), By End User (Pharmaceuticals, Automotive & Transportation, Food, Oil and Gas, Mining, Chemicals, Others), By Region, Forecast & Opportunities, 2025”, Global industrial gloves market is expected to witness robust growth rate during the forecast period. Rising awareness pertaining to worker’s safety across construction, chemical, mining, equipment manufacturing, and oil & energy industry is one of the major factors accounting for the growth of global industrial gloves market. Moreover, favorable regulatory scenario in order to reduce the occupational risk across numerous industries is expected to bode well for the growth of global industrial gloves market through the forecast years. In addition to this, enhanced monitoring setup to improve workplace protection, is anticipated to positively influence the growth of global industrial gloves market in the years to come. Also, surging number of accidents in workplaces has increased the demand for industrial gloves, thereby making headway for the growth of global industrial gloves market. Along with this, technological progressions in the production process for improving the glove quality are anticipated to positively contribute to the market growth across the globe. However, there are some factors that might act as major impediments to the growth of global industrial gloves market through 2025 such as existence of the unorganized sector in the industry, etc.
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Global industrial gloves market can be segmented based on dosage form, product type, tool type, application, company, and region. Considering the end user, the market is fragmented into pharmaceuticals, automotive & transportation, food, oil and gas, mining, chemicals, and others. The chemical end user segment dominated the global industrial gloves market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well, which can be accredited to surging demand for paint & coatings on account of rapid urbanization driving application’s scope. Moreover, continuous expansion of chemical sector owing to the increasing demand for petroleum and petrochemical products, is anticipated to drive the growth of segment in the coming years. In terms of usability, the market is categorized into disposable and reusable. Out of which, the disposable segment is forecast to grow at a high CAGR in the years to come, owing to increased precautionary measures, as it prevents cross contamination.
Honeywell International Inc, SHOWA, Inc., Ansell Healthcare, Superior Glove, Shamrock Manufacturing Company Inc., Towa Corporation, Hartalega Holdings Berhad, Rubberex, Semperit AG Holding, MSA Safety, E.I. DuPont De Nemours, 3M Corporation, Lakeland Industries, Dipped Products Plc., Uvex Group are among others are the leading players operating in global industrial gloves market. The market players are adopting several growth strategies to enhance the market scenario of industrial gloves. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Asia-Pacific is anticipated to dominate the global industrial gloves market through 2025 on account of rapid industrialization in this region. Furthermore, favorable regulations regarding worker health security is also contributing to the growing trend. Additionally, easy availability of natural rubber in the region is leading to increased manufacturing power, which is further expected to boost the market growth in growing economies such as Indonesia, Thailand, and Malaysia over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Industrial Gloves Market By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, Other), By Usability (Disposable and Reusable), By Protection Type (General purpose/ Mechanical, Chemical/ Liquid, Product Protection), By End User (Pharmaceuticals, Automotive & Transportation, Food, Oil and Gas, Mining, Chemicals, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global industrial gloves market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global industrial gloves market.
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