Industrial Hand Gloves Market 2021: COVID-19 Impact Analysis Report, Future Plans, Business Distribution, Application, Trend Outlook, Deployment Type and Business Opportunities
Market Scope
Market Research Future (MRFR) believes that the
industrial hand gloves market 2020 can touch a valuation of more than USD 9,583.7
Million by 2025. It is also projected that the market can achieve a growth rate
of 7.29% between 2017 and 2025 (assessment period).
Chief Boosters and Primary
Barriers
The fast growing food processing and healthcare
industries across the world has resulted in rapid expansion of the industrial
hand gloves market. North America, with the huge number of end-use industries,
generates high demand for these hand gloves. North American government
implements several strict regulations with regard to safety of working
individuals. In case of any irregularities, the employer can face heavy
penalties, leading to poor image of the company among the consumers in the
market. These types of strict regulations across countries like Canada,
Germany, France and the U.S. can be conducive for the growth of the industrial
gloves market.
Furthermore, employees are required to use these
gloves during all the operations for better performance and more comfort. Since
these gloves have long working life, provide firm grip and are cut resistant,
they observe more demand across a variety of prominent industries. In addition
to this, disposable gloves are gaining favor across the healthcare industry,
especially in emerging countries, thanks to the surge in infectious diseases and
viral outbreaks. For instance, the COVID-19 outbreak in 2020 has compelled
manufacturers to work on supplying more disposable gloves across regions to
bridge the expanding supply-demand gap.
Mounting awareness about the health and safety
measures related to patient treatment as well as emergency response events can
also mean better business prospects for hand gloves in the healthcare sector.
Additionally, the high possibility of on-the-job germs transmission along with
transference of blood borne pathogens has necessitated the use of disposable
gloves, resulting in higher market demand in healthcare facilities. Other than
the healthcare sector, industrial hand gloves have gained significant ground in
the food industry, in line with the changing lifestyles of consumers and the
consequent surge in the demand for ready-to-eat food.
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Market Segmentation
The primary segments considered in the study of the
industrial hand gloves market include material, product and application.
The industrial hand gloves market, with respect to
the material, covers leather gloves, natural rubber, nitrile gloves,
polyethylene gloves, metal mesh gloves, neoprene gloves, and others. In 2018,
the market was controlled by the natural rubber segment and its dominance is
anticipated to continue even during the conjectured period. Natural rubber
notes rampant demand in the food & beverage industry and in the past few
years, has emerged as a highly favored product in the chemical sector as well.
These gloves have also observed a boost in their household applications across
the residential sector.
The types of products described in the report are
reusable gloves as well as disposable gloves. Disposable gloves account for
higher demand in the market compared to the reusable ones. The widespread use
in a variety of industries like chemical, automotive, beverage, food and more
helps stimulate the demand for disposable gloves. Since the future prospects of
these industries are quite lucrative, it is safe to assume that the demand rate
for disposable gloves can remain the same or can increase during the review
period.
Main applications of industrial hand gloves are
construction industry, chemical industry, healthcare industry, food &
beverage industry, automotive industry, and others. As of 2018, the healthcare
industry was the dominant segment in the market and based on its growth rate, it
is estimated that it can retain its lead throughout the evaluation period.
Disposable, nitrile, natural and latex rubber gloves are extensively deployed
in the healthcare industry.
Regional Insight
The main regions across which the industrial hand gloves market is anticipated to grow during the review timeline
are Europe, North America, Asia Pacific or APAC as well as the rest of the
world or RoW.
APAC’s growth in the global market for industrial
hand gloves has been remarkable and it seems that the region can observe even
better growth in the ensuing years. The massive investments by the government
in the enhancement of workers’ safety along with the expeditious
industrialization are important growth boosters in the regional market. The
food, chemicals, electronics and automobiles sectors are expanding at a swift
pace, and the outcome of this is the growing demand for industrial hand gloves.
Easy availability of natural rubber has made APAC one of the top manufacturers
in the world, with Thailand, Malaysia and Indonesia being the leading
producers.
The
RoW market mainly includes the Middle East & Africa and South America. This
market is advancing at a decent rate, evidently due to the rising use of
industrial hand gloves in oil & gas, construction, chemical and mining
industries. The oil & gas and construction industries in the region are
thriving and can note further growth in the coming years, which can mean
excellent business for industrial hand gloves during the appraisal period.
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Leading Participants
Towa Corporation (Japan), Rubberex (Malaysia),
Shamrock Manufacturing Company, Inc. (the US), Top Glove Corporation Bhd
(Malaysia), Semperit AG Holding (Austria), Kossan Rubber Industries Bhd
(Malaysia), 3M (US), Globus (Shetland) Ltd (UK), Honeywell International Inc.
(US), Ansell Ltd (Australia), are some of the leading participants in the
industrial hand gloves industry.
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