Apr 29, 2022   SOURCE: BusinessWire

Industrial Gloves Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, Material and End-Use Industry - ResearchAndMarkets.com

The "Industrial Gloves Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Material and End-Use Industry" report has been added to ResearchAndMarkets.com's offering.

The industrial gloves market was valued at US$ 9,174.06 million in 2021 and is projected to reach US$ 16,119.54 million by 2028; it is expected to grow at a CAGR of 7.5% from 2021 to 2028.

The major factors driving the industrial gloves market growth is due to increase in glove usage from different industries and the high demand for disposable gloves from the healthcare industry. The COVID-19 pandemic further increased the global market's demand for disposable gloves from the healthcare industry.

Furthermore, the growth in the construction and electronics industries in various countries globally is projected to offer lucrative opportunities for the industrial gloves market during the forecast period.

However, the fluctuations in the prices of raw materials are expected to hamper the industrial gloves market growth during the forecast period. Various factors, such as labor cost, weather, and demand and supply, cause fluctuations in raw material prices, thereby adversely impacting the market growth.

The global industrial gloves market, based on material, is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. The nitrile segment held the largest share in the global industrial gloves market in 2020.

Nitrile gloves provide a form-fitting design that lets the glove stay in its place. These gloves provide excellent puncture and tear resistance, which helps protect the user from sharp tools and objects in the industrial workplace. They also provide exceptional flexibility due to the elastic materials in the product. These nitrile gloves are highly used in the healthcare sector.

In 2020, Asia Pacific held the largest revenue share of the global industrial gloves market. Major factor driving industries gloves market growth in the Asia Pacific region is the high demand for gloves from manufacturing, food & beverages, construction, healthcare, electronics, among other industries.

Strong electronics and construction industries in countries such as China and India create strong demand for industrial gloves. In the electronics industry, gloves are used due to sensitivity, antistatic, and cleanliness requirements.

In the electronics industry, working conditions have a unique set of needs because workers have to protect themselves from various hazards, but they also must protect the delicate products and components they are working with. The growing construction industry creates massive demand for different industrial security equipment, including gloves.

Further, Asia Pacific is one of the prominent regions for manufacturing industrial gloves due to the abundant availability of natural rubber. Countries such as Malaysia, Thailand, Indonesia, India, and China are top rubber producers. Moreover, Malaysia's rubber glove industry enjoys consistent support from the government, thus further contributing to the industrial gloves market growth in the region.

3M; Ansell Limited; Carolina Glove & Safety Company; Cementex Products, Inc.; Cintas Corporation; Honeywell International Inc.; International Plastics Inc.; Southern Glove, Inc.; Superior Glove; and Workwear Outfitters, LLC are some of the major players operating in the global industrial gloves market.

Players operating in the global industrial gloves market are constantly focusing on strategies such as investments in R&D activities and new product launches. These market players are highly focused on developing high high-quality and innovative product offerings to fulfill the customer's requirements.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Industrial Gloves Market Landscape

5. Industrial Gloves Market - Key Market Dynamics

6. Industrial Gloves - Global Market Analysis

7. Industrial Gloves Market Analysis - by Type

8. Industrial Gloves Market Analysis - by End-Use Industry

9. Industrial Gloves Market - Geographic Analysis

10. Impact of COVID-19 Pandemic on Global Industrial Gloves Market

11. Company Profiles

  • Ansell Limited
  • Careplus Group Berhad
  • Globus Group
  • Hartalega Holdings Bhd
  • Honeywell International Inc
  • Kossan Rubber Industries Bhd
  • Riverstone Holdings Limited
  • Semperit AG Holding
  • Supermax Corporation Berhad
  • Top Glove Corporation Bhd

For more information about this report visit https://www.researchandmarkets.com/r/dyz2m6