USD 8.0 Billion
Industrial Safety Gloves Market Size, Share, Growth Analysis, By Type(Reusable Glove, Disposable Gloves), By Material type(Nitrile, Rubber/Latex, Vinyl, Neoprene), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20F2010 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
65
|Figures:
75
Industrial Safety Gloves Market Insights
Global Industrial Safety Gloves Market size was valued at USD 8.0 Billion in 2022 and is poised to grow from USD 8.61 Billion in 2023 to USD 14.76 Billion by 2031, growing at a CAGR of 6.97 % in the forecast period (2024-2031).
The global safety gloves market is experiencing steady growth driven by an increased awareness of workplace safety across industries. As businesses focus on employee well-being and safety regulations become more stringent, the demand for a wide range of safety gloves continues to rise. These gloves find applications in various sectors, including manufacturing, healthcare, construction, and sports, reflecting their versatility.
Technological advancements in glove materials, such as cut-resistant and chemical-resistant fabrics, are enhancing their protective capabilities.
Additionally, the ongoing global health concerns have prompted heightened hygiene practices, boosting the demand for disposable medical gloves. With a growing emphasis on worker safety and health, the safety gloves market is expected to maintain its upward trajectory in the foreseeable future.
US Industrial Safety Gloves Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Disposable Gloves
Fastest Growth
Disposable Gloves
Growth Rate
6.97% CAGR
Global Industrial safety gloves Market ($ Bn)
Country Share for NORTH AMERICA Region (%)
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Industrial Safety Gloves Market Segmental Analysis
The global Industrial safety gloves market is segmented into three major segments i.e. by Type, Material type and region. Based on Type, it is divided into Reusable Glove, Disposable Gloves. Based on Material type, it is bifurcated as Nitrile, Rubber/Latex, Vinyl, Neoprene, Polyethylene, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Industrial Safety Gloves Market Analysis by Type
The disposable gloves segment held a dominant position in the global safety gloves market. This dominance could be attributed to their widespread use across various industries, particularly in healthcare, food service, and manufacturing. The convenience and hygiene they offer have driven their adoption.
However, the reusable glove segment has been experiencing steady growth, primarily in sectors where durability and cost-effectiveness are key factors. Industries like construction and manufacturing tend to favour reusable gloves due to their longer lifespan and reduced environmental impact.
Industrial Safety Gloves Market Analysis by Material Type
Among the various types of material, Nitrile gloves have emerged as the dominating material type in the safety gloves market. This is primarily due to their superior chemical and puncture resistance, making them a popular choice across various industries, especially healthcare and manufacturing. Their versatility and resistance properties have driven their widespread adoption, positioning them as the leading material choice in the safety gloves segment.
However, Polyethylene gloves are experiencing the fastest growth in the safety gloves market. Their lightweight and cost-effective nature make them particularly attractive for single-use applications. Industries like food handling and food service are increasingly turning to polyethylene gloves to ensure hygiene and compliance with health and safety regulations. This surge in demand for disposable gloves, particularly polyethylene, is propelling its rapid growth within the safety glove industry.
Global Industrial safety gloves Market by Type
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Industrial Safety Gloves Market Regional Insights
North America held a dominant position in the global safety gloves market. This was primarily due to stringent occupational safety regulations and a strong focus on workplace safety across industries in the region. North America's mature industrial base, coupled with a high level of awareness regarding personal protective equipment (PPE), contributed to its leadership in the market.
However, Asia Pacific was emerging as the fastest-growing market for safety gloves. Rapid industrialization, especially in countries like China and India, was driving the demand for safety gloves as more workers required protection. Additionally, the growth of the healthcare sector and the adoption of safety measures in emerging economies were significant factors fueling the expansion of the safety gloves market in the Asia Pacific.
Global Industrial safety gloves Market by Geography
- Largest
- Fastest
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Industrial Safety Gloves Market Dynamics
Industrial Safety Gloves Market Drivers
Increasing Emphasis on Workplace Safety
- A major key driver for the safety gloves market is the escalating emphasis on workplace safety across various industries. With a growing awareness of the importance of protecting employees from workplace hazards, companies are increasingly investing in personal protective equipment, including safety gloves. Stricter regulatory requirements and a heightened focus on employee well-being are compelling businesses to ensure that their workers are equipped with appropriate safety gear. This trend is driving consistent demand for a wide range of safety gloves, ranging from industrial to medical and specialized gloves, thereby propelling market growth.
Industrial Safety Gloves Market Restraints
Supply Chain Disruptions
- A major key restraint affecting the safety gloves market is the vulnerability of global supply chains. Disruptions caused by events like pandemics, natural disasters, and geopolitical tensions can lead to shortages of raw materials and production delays. These disruptions can impact manufacturers' ability to meet the growing demand for safety gloves, potentially leading to supply gaps and higher prices. As the market relies on a complex network of suppliers and manufacturers, any disruption in the supply chain can pose challenges to maintaining consistent availability of safety glove.
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Industrial Safety Gloves Market Competitive Landscape
The competitive landscape in the safety gloves market is characterized by a multitude of players vying for market share. These companies often engage in strategies such as product innovation, mergers and acquisitions, and geographic expansion to gain a competitive edge.
Additionally, stringent quality standards and regulatory compliance are pivotal factors influencing competition, as companies strive to meet the evolving safety requirements of diverse industries. The market's diversity in product offerings, ranging from disposable medical gloves to heavy-duty industrial gloves, further intensifies competition, as companies seek to cater to a wide spectrum of end-users.
Overall, the safety gloves market remains highly competitive, with firms continually adapting to market dynamics and customer demands to maintain their positions and foster growth.
Industrial Safety Gloves Market Top Player’s Company Profiles
- Honeywell Safety Products (US)
- 3M Corporation (US)
- Ansell (Australia)
- Showa Group (Japan)
- Carolina Glove & Safety Company (US)
- Superior Gloves (Canada)
- Southern Gloves Inc. (US)
- UVEX Safety Group (Germany)
- Longcane Industries (Malaysia)
- Shandong Yuan Latex Gloves (China)
- Marvel Glove Industries (Malaysia)
- Kanam Latex Industries Pvt. Ltd. (India)
- Hartalega Holdings Berhad (Malaysia)
- Kimberly-Clark Corporation (US)
- Radians Inc. (US)
- MCR Safety (US)
- Semperit AG Holding (Austria)
- Towa Corporation (Japan)
- Globus Group (UK)
- MAPA Professional (France)
Industrial Safety Gloves Market Recent Developments
- AWP (Advanced Work Products, a Hillman Brand), long known for being a top supplier of knee pads, tool rigs and pouches, and worksite storage for pros and do-it-yourselfers, unveiled one of the most extensive selections of work gloves in April 2023.
- 21 February 2023, ExxonMobil, an oil and gas company, embarked on the world's largest low-carbon hydrogen project at one of its facilities. This innovative project will incorporate Honeywell technology to facilitate the capture and storage of carbon dioxide, marking a significant advancement in the pursuit of sustainability within the energy sector.
- 8 February 2023, 3M introduced a groundbreaking skin adhesive technology that extends the lifespan of wearable monitors to up to four weeks, enhancing the usability and durability of these devices.
-
Rubber compound supplier GIIB Holdings Bhd declared in May 2022 that it has established its first glove production plant in Nilai, Negeri Sembilan. The business disclosed that the new manufacturing facility, which was established by GIIB Healthcare Products Sdn Bhd, a 51%-owned subsidiary, had five double former glove-dipping production lines with a 1.05 billion unit annual production capacity.
Industrial Safety Gloves Key Market Trends
- Sustainable Manufacturing and Eco-Friendly Materials: One major key market trend in the safety gloves industry is the increasing emphasis on sustainable manufacturing practices and the use of eco-friendly materials. With growing environmental awareness, manufacturers are transitioning to greener production processes and sourcing materials that reduce the environmental footprint of safety gloves. This trend is driven by both regulatory pressures and consumer demand for environmentally responsible products, signaling a shift towards a more sustainable and eco-conscious safety gloves market.
Industrial Safety Gloves Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global industrial safety gloves market analysis, the market exhibits a robust landscape with dynamic factors influencing its growth trajectory. Heightened awareness of workplace safety, driven by stringent regulations and a growing emphasis on employee well-being, fuels the demand for safety gloves across industries. This demand diversifies into various sectors, including manufacturing, healthcare, construction, and sports, underscoring the versatile nature of safety gloves.
Technological advancements in glove materials, such as cut-resistant and chemical-resistant fabrics, further enhance protective capabilities, aligning with evolving safety standards. Moreover, the ongoing global health concerns have accelerated the adoption of disposable medical gloves, reinforcing the market's expansion. Amidst these trends, manufacturers and suppliers are prompted to navigate a complex competitive landscape, marked by innovation, compliance, and strategic alliances to cater to a diversified customer base and capitalize on burgeoning market opportunities.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.0 Billion |
| Market size value in 2031 | USD 14.76 Billion |
| Growth Rate | 6.97% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Safety Gloves Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Safety Gloves Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Safety Gloves Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Safety Gloves Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Safety Gloves Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Safety Gloves Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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