Industrial Safety Gloves Market Forecast | 2023-28

Market Insights

The Industrial safety gloves market is estimated to grow from USD 5.18 billion in 2022 to USD 7.9 billion by 2028 at a CAGR of 7.2% during the forecast period.

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What are Industrial Safety Gloves?

Industrial safety gloves are used to protect the hands of employees and assets by reducing the chances of getting injured, risk accidents, and near misses while working on any operation or event in an industry. These gloves are essential to avoid any kind of injury while performing the required task for the industry.

Market Dynamics

The industrial safety gloves market is driven by a host of factors, some of which are noted below:

• The major factors such as increasing awareness regarding the safety of workers across construction, chemical, mining, oil & energy, and equipment manufacturing industries.
• Favorable regulatory scenario in order to decrease occupational risk across various industries.
• Enhanced monitoring setups protecting workplaces are expected to fuel the growth of the market during the forecast period.

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Segment Analysis

By Product Type

The market is segmented into mechanical gloves, chemical & liquid protection, thermal gloves, and special protection gloves. Mechanical gloves are estimated to account for the largest share of the market owing to their wide application across various sectors such as construction, mining, automotive, heavy machinery equipment, and industrial handling & packaging.

They offer excellent cut-resistant feature which provides protection from cuts and injuries. On the contrary, chemical & liquid protection product is estimated to grow at a faster pace as compared to other product types, owing to their excellent features such as water resistance, anti-impact, and enhanced grip properties. They provide protection from oil and greasy materials while managing diverse applications in various industries.

By Material Type

The market is segmented as nitrile gloves, natural rubber gloves, vinyl gloves, neoprene gloves, polyethylene gloves, and others. Nitrile gloves are estimated to witness significant growth rate in the upcoming years, attributed to an increased product demand to maintain hygienic conditions. In addition, growing awareness in various manufacturing industries attributed to the strong regulatory customs to minimize worker accidents and other loss of resources is accelerating the market growth during the forecast period.

On the other hand, natural rubber gloves are estimated to account for the largest share of the market during the forecast period owing to their various offered features, making it a cost-effective and eco-friendly option, fueling the growth of the market during the forecast period.

By Application Type

The market is segmented as automotive, chemical, machinery & equipment, metal fabrication, oil & gas, and mining. Chemical application is estimated to register high growth rate in the upcoming years. Factors such as rise in demand for paint & coatings attributed to the rapid urbanization, expansion of chemical sector due to growing demand for petroleum and petrochemical products, and key features such as breathable materials, ultra-lightweight, seem-less and cut resistant liners are expected to boost the product demand.

Furthermore, the machinery & equipment segment is estimated to account for the highest share of the market in the upcoming years, owing to growing need for cut resistance, oil repellence, heat protection, and its higher usage of heavy equipment, tools, and metals, during the forecast period.

By Region

Asia-Pacific is estimated to be the largest as well as the fastest-growing region in the market with China, India, Japan, and South Korea being the major countries with lucrative growth opportunities during the forecast period.

Asia-Pacific is among the largest producers of natural rubber and the global natural rubber price is highly dependent upon the supply-demand in the region as natural rubber is easily available in Asia-Pacific. Furthermore, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The industrial safety gloves market is segmented into the following categories. 

By Product Type:

• Mechanical Gloves
  • (Product Type Analysis: Multi-purpose, Cut Protection Gloves, Oil Repellent Gloves, Specialized Gloves, and Back Hand Impact Protection)
• Chemical & Liquid Protection
  • (Product Type Analysis: Chemical Solutions and Single Use/Disposable Gloves)
• Thermal Gloves
  • (Product Type Analysis: Arc Flash Gloves and Other Thermal Gloves)
• Special Protection Gloves (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

 By Material Type:

• Nitrile Gloves 
• Natural Rubber Gloves 
• Vinyl Gloves 
• Neoprene Gloves 
• Polyethylene Gloves 
• Others 

By Application Type:

• Automotive 
• Chemical 
• Machinery & Equipment 
• Metal Fabrication
• Oil & Gas
• Mining

By Region:

• North America 
• Europe 
• Asia-Pacific
• Rest of the World 

key Players

Some of the key players in the market are-

• Ansell Limited
• Arco Limited
• Atlas Safety Products
• Blaklader B.V.
• EASTU Safety GmbH
• Ejendals AB
• Hartalega Holdings Berhad
• Honeywell International, Inc.
• Showa Gloves.
• Acme Safety

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights. 

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

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Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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