Industrial Hand Gloves Manufacturers 2021: Business Strategies, Future Growth

1. According to Market Research Future (MRFR), the global industrial hand gloves market is expected to reach USD 9,583.7 million at an estimated CAGR of 7.29% from 2017 to 2025 (forecast period). The report provides a deep overview of the impact of the COVID-19 pandemic on the global industrial hand gloves market. Industrial hand gloves are protective wear used in a number of industries such as chemicals, oil & gas, food & beverage, and automotive, among others. Industrial hand gloves are used under workers' safety and health regulations across end-use industries to avoid hazardous chemicals, metal cuts, glass cuts, and high-temperature sources. Industrial hand gloves are used mainly in manufacturing plants, assembling plants, chemical plants, and medical institutions, among others, to protect against heat, corrosive substances, and sharp objects. Market Dynamics The global market for industrial gloves is growing increasingly due to strict government regulations on the safety of workers and a rise in the number of accidents at work. However, the growth of the market can be hampered by a rise in automation across industries. There are strict regulations on safety at work in the US and the European Union (EU). In the United States, the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), the American National Standard for Hand Protection (ANSHP), and the Department of Labor regularly investigate safety precautions in the industries for workers. In addition, the European Union Cooperation on Workplace Safety and Health and the European Union Occupational Safety and Health Administration (EU OSHA) are responsible for enforcing the necessary safety features and safety equipment at worksites in Europe. The involvement of a globally recognized organizations in developed countries is expected to influence developing countries to comply with industrial safety standards. The standards/norms established by OSHA, ANSHP, and EU standards would therefore enable industrialists to take preventive measures to ensure the safety of workers at work sites. In addition, shifting the industry's emphasis on accident prevention due to strict international and domestic standards and regulations will accelerate the adoption of industrial gloves and drive the global market for industrial gloves during the forecast period. As a result, the effect of strict government regulations on the safety of the workers is projected to change from moderate to high over the forecast period. Key Players The industry giants in the global Industrial Hand Gloves Manufacturers are Towa Corporation (Japan), Semperit AG Holding (Austria), Top Glove Corporation Bhd (Malaysia), Shamrock Manufacturing Company, Inc. (the US), Globus (Shetland) Ltd (UK), Rubberex (Malaysia), Ansell Ltd (Australia), Honeywell International Inc. (US), 3M (US), and Kossan Rubber Industries Bhd (Malaysia). Market Segmentation The global market for industrial hand gloves has been segmented into material, product, and application. Based on material, the global industrial hand gloves market has been segmented into natural rubber, leather gloves, metal mesh gloves, polyethylene gloves, nitrile gloves, neoprene gloves, and others. Among these types, the global market was led by the natural rubber segment in 2018 and is expected to lead over the forecast period. Natural rubber is primarily used in the food & beverage industry and has also found rapid integration in the chemical industry. The booming food and beverage industry has been one of the critical drivers of this market. In addition, the rise in the household application has also improved sales in the market for industrial hand gloves. With application through a variety of industries, natural rubber gloves are expected to continue to dominate the industrial hand gloves market.

2. Based on the product, the global industrial hand gloves market has been segmented into reusable gloves and disposable gloves. Among these products, disposable gloves accounted for the largest market share, followed by reusable gloves. Disposable gloves are commonly used in the healthcare sector. Broad application across various industries such as automotive, chemical, food, and beverage, among others, has resulted in the market share of disposable gloves in recent times. With the chemical, automotive, and food and beverage industries currently booming, the disposable gloves segment is expected to continue to dominate the industrial hand gloves market. By application, the global industrial hand gloves market has been divided into the healthcare industry, chemical industry, construction industry, automotive industry, food & beverage industry, and others. The healthcare sector dominated the industry in 2018 and was expected to be dominant over the forecast period. Disposable, nitrile, latex, natural rubber is commonly used by the healthcare industry. With medical gloves playing a crucial role in the safety of patients and healthcare providers, the market for industrial hand gloves from the healthcare industry is expected to grow steadily in the forecast period. Regional Analysis Based on the region, the global industrial hand gloves market has been segmented into North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW). The global industrial hand gloves market is expected to see substantial growth during the forecast period. North America led the global market for industrial hand gloves in 2018, followed by Europe and the Asia Pacific. North America dominates the global market for industrial hand gloves. Already developed infrastructure and significant players based in this area provide North America with sufficient opportunities for substantial growth in the forecast period. The booming healthcare industry in this region has made it possible for the industrial hand gloves sector to generate significant revenue from this region. The ever-growing automotive sector, along with the chemical industry, is providing a great deal of scope for the development of the industrial hand gloves market. Furthermore, the US dominates the industrial hand gloves market mainly due to the large labor force and existing industries in the country. The European region has seen strong growth in recent times and has become the second-largest market for industrial hand gloves. The booming automotive industry has been one of the key contributors to the growth of the industrial hand gloves market in the area. Germany has led the area in terms of both value and volume. With new reforms on the safety and security of workers, the industrial hand gloves market has ample opportunities for further growth and development in this region. The Asia Pacific is expected to see substantial growth in the global market for industrial hand gloves. Increased investment due to government initiatives for worker safety and protection and rapid industrialization across the chemical, food, automobile, and electronics sectors is expected to be a critical factor in the rising demand for industrial hand gloves in the region. In addition, international companies are constantly importing cost-effective raw materials, and industrial gloves from the country. The Asia Pacific is one of the main markets for global industrial gloves due to the presence of emerging economies like India and China, which are expected to increase demand during the forecast period. In terms of the export of industrial hand gloves on the global market, Asia Pacific countries are taking the lead. The rest of the world is made up of South America and the Middle East, and Africa. The rest of the world is seeing the extensive use of industrial hand gloves in the mining, oil & gas, construction, and chemical industries. Construction and oil & gas industries are projected to develop in regions that will sustain the need for industrial hand gloves for workers' safety during the forecast period.

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