The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Industrial Gloves Global Market Report 2024 offers crucial insights into the industrial gloves market help businesses analyse and build stronger strategies.

The industrial gloves market has experienced substantial growth in recent years, with a promising trajectory ahead. As of 2023, the market size has reached $16.26 billion, and projections for 2024 indicate a remarkable increase to $18.19 billion, boasting a compound annual growth rate (CAGR) of 11.9%. This upward trend is fueled by various factors, including the surge in workplace safety regulations, heightened awareness of occupational hazards, the expansion of manufacturing and construction sectors, and an increased demand for gloves in healthcare and medical applications, as well as the chemical industry.

Anticipating Continued Expansion: Market Outlook 2028

Looking into the future, the industrial gloves market is poised for even more substantial growth. Projections suggest a market size of $28.05 billion by 2028, with a CAGR of 11.4%. This growth is attributed to evolving dynamics such as increasing pandemic preparedness, a rising demand for sustainability, the growth of e-commerce and logistics sectors, the adoption of advanced materials, and regulatory changes. Notable trends in this forecast period include the emergence of touchscreen-compatible gloves, smart gloves, anti-microbial gloves, ergonomic designs, impact-resistant gloves, and cut-resistant gloves.

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Driving Force: Rise in Infrastructure Development
One of the primary drivers of the industrial gloves market is the surge in infrastructure development. Construction projects, in particular, involve a considerable workforce exposed to various workplace hazards. Stringent safety regulations mandate the use of personal protective equipment, with industrial gloves playing a crucial role. For example, Australia has earmarked $12.04 billion for significant infrastructure projects over ten years, emphasizing the importance of safety in construction. In the United States, the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) is set to invest $550 billion over the next decade to enhance various aspects of infrastructure, further contributing to the demand for industrial gloves.

Key Players in the Market
Several major companies dominate the industrial gloves market, including Ansell Limited, Careplus Group Berhad, Globus Group, Honeywell International Inc., and Top Glove Corporation Bhd. These industry giants play a pivotal role in meeting the escalating demand for industrial gloves.

Technological Innovations: Shaping the Future of Industrial Gloves
The industrial gloves market is witnessing a transformative shift driven by technological advancements. Key players are introducing innovations such as surface technology for high-cut-risk areas and improved grip. Unigloves, a UK-based glove developer, launched NITEX, an industrial glove range featuring unique surface technologies like NitreGrip for enhanced grip and NitreGuard for high performance in the straight blade cut test.

In the pursuit of innovation, companies are also engaging in strategic acquisitions. Techniweld USA, a US-based welding company, acquired Southern Glove, Inc. in November 2021. This move is expected to bolster Techniweld USA’s position in the market by adding a new line of glove products, showcasing the industry’s commitment to staying at the forefront of technological advancements.

Segmentation for Diverse Applications
The industrial gloves market is segmented based on product types, material types, and end-use applications. The segmentation includes reusable gloves and disposable gloves, materials such as natural rubber, nitrile, vinyl, neoprene, polyethylene, and other materials like PVC and leather. Furthermore, end-use applications encompass pharmaceuticals, automotive and transportation, food, oil and gas, mining, chemicals, and other sectors like pulp and paper and metal fabrication.

Asia-Pacific: Epicenter of Market Activity
As of 2023, Asia-Pacific holds the title of the largest region in the industrial gloves market. The region’s robust industrial activities, particularly in manufacturing and construction, contribute significantly to the market’s size and growth.

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The Industrial Gloves Global Market Report 2024  provides a comprehensive outlook of the industrial gloves market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial gloves market forecast offers a thorough analysis on industrial gloves market size, industrial gloves market share, prominent players and their strategies.

The Table Of Content For The Industrial Gloves Market Include:
1. Industrial Gloves Market Executive Summary
2. Industrial Gloves Market Segments
3. Industrial Gloves Market Size And Industrial Gloves Market Growth Rate
4. Key Industrial Gloves Market Trends
5. Major Industrial Gloves Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Gloves Market
26. Top Industrial Gloves Companies
27. Industrial Gloves Market Opportunities And Strategies
28. Industrial Gloves Market, Conclusions And Recommendations
29. Appendix

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