Industrial Gloves Market To Surpass US$ 10.4 Billion By 2025, Globally
Industrial gloves are used to assure the safety of employees and to maintain safe working conditions at the work place. Industrial gloves are made up of both synthetic and natural raw materials. They are resistant to chemical reactions, abrasion and corrosion, and can withstand low and high temperature conditions. Additionally, these gloves can be specially contrived for handling electrical equipment. The type of glove depends on the environment, time period involved, and type of hazardous contaminants involved in the manufacturing process. For example gloves resistant to chemical environments have altered properties and configurations than their heat resistant counterparts. According to the Health and Safety Executive (HSE) of UK data studied from the Labour Force survey in 2016, approximately 10,000 workers were injured due to workplace injuries. According to the study, agriculture, forestry, and fishing sector have accounted 4,390 injuries followed by construction, transport/storage, and manufacturing. Depending on the need the gloves, they can be re-used or disposed off.
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Re-usable industrial gloves were the most used type of gloves in 2016 and the trend is expected to continue during the forecast period. According to Coherent Market Insights, the re-usable industrial gloves segment was valued at US$ 3,378.4 million in 2016 and is expected to reach US$ 6,148.7 million by 2025. Re-usable industrial gloves are largely used due to their unique properties as compared to other disposable counterparts. The re-usable gloves are normally impenetrable as compared to disposable gloves, providing much better protection. Generally, these gloves have a longer life than the disposable gloves, offering better protection to the skin and hands. Re-usable gloves offers better defense against toxic chemicals and liquids. It is necessary to clean these gloves on a regular basis after they are used and need to be dried in order to avoid contamination. If the gloves are used for an extremely long period they need to be properly scrutinized before use. They need to be disposed if any type of physical damage is encountered. Industrial gloves can be composed of a variety of materials such as Nitrile, rubber, vinyl, neoprene, and polyethylene. Rubber was largely used in the production of industrial gloves during the forecast period. However, the trend is expected to change with nitrile expected to hold the largest market share by 2025, due to high chemical resistance of nitriles as compared to rubber. Nitrile gloves are resistant to puncture, as a result it is highly durable and offers better protection as compared to other counterparts. Nitrile was valued at US$ 1,820.6 million in 2016 and is expected to grow at a CAGR of 7.95% during the forecast period. The North American region was the most dominant region in the global Industrial gloves market in 2016. North America accounted for US$ 2,083 million in terms of revenue in 2016. The strict governmental regulations in the U.S. has resulted in increasing demand for industrial gloves in North American region. The Occupational Safety and Health Administration has been set up in the U.S. to examine companies with regards to industrial safety practices to ensure safety of the employees. This is expected to augment the growth of the Industrial gloves market globally.
The global industrial gloves market was valued at US$ 5,629.7 million in 2016 and is expected to expand at a CAGR of 7.2% in terms of revenue during 2017 – 2025.
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Rubber was the most widely used material in the production of industrial gloves globally. Rubber or Latex gloves are made up of natural rubber. The demand for rubber gloves are high, due to high level of touch sensitivity, elastic nature, comfortable fit, and biodegradable nature. Rubber accounted for US$ 1,977.7 million in terms of revenue during the forecast period and is expected to reach US$ 3,476.4 million by 2025. Rubber is expected to be taken over by nitrile during the forecast period. Nitrile being more durable than rubber, and offers better protection in various chemical environments. Nitrile is expected to overtake rubber to reach US$ 3,570 million by 2025, due to high puncture and chemical resistant nature of nitrile.
Key players operating 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.
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