Overview:

The global industrial gloves market is relatively matured and is expected to witness steady gains during the forecast period 2024 - 2032. Government regulations promoting health and safety at workplace are instrumental in driving demand for industrial safety gloves worldwide. Gloves made of recyclable and green material are gaining popularity and have provided impetus to the market growth. In addition, revival of the industrial manufacturing sector post bleak market conditions customary during economic crisis is driving market demand. All these factors are expected to collectively contribute towards a compounded annual growth rate (CAGR) of 9.3% during the forecast period 2024 - 2032.

Report Scope

This report analyzes the global industrial gloves market in terms of product type, material, end-use application, and geography. Based on product type, the global industrial gloves market is segregated into disposable and re-usable gloves. Similarly, on the basis of end-use application, the market for industrial gloves is further classified into healthcare and pharmaceuticals, food and beverage, oil & gas and chemicals, industrial manufacturing, construction, and semiconductors among others. Based on material type, the global market for industrial gloves is categorized into natural rubber, vinyl, nitrite, neoprene, and polyethylene among others. The geographical distribution of the global industrial gloves market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Industrial Gloves Market - Growth, Share, Opportunities, and Competitive Analysis, 2024 - 2032” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the industrial gloves market.

1.1.1   Target Audience

• Industry Investors
• Industrial Glove Manufacturers
• Distributors and  Retailers
• End-users

1.1.2   USP and Key Offerings

The report titled “Global Industrial Gloves Market - Growth, Share, Opportunities, and Competitive Analysis, 2024 - 2032” offers strategic insights into the global industrial gloves market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on product type, material, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industrial glove manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

• An overview of the global industrial gloves market
• Current and future market trends to justify the forthcoming attractive sub-markets within the industrial gloves market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global industrial gloves market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis

Healthcare and pharmaceuticals, oil & gas and chemicals, and food and beverage represent major application segments for industrial gloves. These segments collectively accounted for 55% of the global market revenue in the base year 2022. The growth in these segments has to be majorly credited to the stringent regulations and standards. Need for safety at workplace remains the overriding factor driving market growth in these segments, especially in oil & gas and chemicals. On the other hand, the demand for industrial gloves in semiconductor, electrical and electronics segments are expected to witness growing demand for industrial gloves. The growth in this segment can be majorly credited to growing electronic and electrical equipment production and consequent need for gloves to avoid fingerprints or any change in surface characteristics of semiconducting material.

As of 2022, North America dominated the global industrial gloves market in terms of both revenue and volume. The region accounted for over one-third of the global market revenue in the same year. The trend shall prolong and the region is presumed to hold on to its leading position by 2032. The resurgence in the industrial sector coupled with steady rise in output from industry verticals food and beverage, pharmaceutical, and biotechnology bodes well for the market growth. In addition, flourishing construction industry post bleak market conditions prevailing during economic recession is assisting demand for industrial safety gloves in the region.  Europe represents the second largest industrial gloves market. The growth in the region is driven by tightening regulatory directives promoting worker safety at workplace.

Market Key Players

3M Corporation, Honeywell Safety Products, Towa Corporation, Protective Industrial Products Inc., Ansell Ltd., Showa Group, Semperit A.G. Holding, MSA Safety, Hartalega Sdn. Bhd, E.I. DuPont De Nemours and Company

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Industrial Gloves market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Industrial Gloves market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Industrial Gloves market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Industrial Gloves market?
• Which is the largest regional market for Industrial Gloves market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Industrial Gloves market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Industrial Gloves market worldwide?