Industrial Safety Gloves Market Size
| Study Period | 2018 - 2029 |
| Market Size (2024) | USD 10.67 Billion |
| Market Size (2029) | USD 15.33 Billion |
| CAGR (2024 - 2029) | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Safety Gloves Market Analysis
The Industrial Safety Gloves Market size is estimated at USD 10.67 billion in 2024, and is expected to reach USD 15.33 billion by 2029, growing at a CAGR of 7.5% during the forecast period (2024-2029).
Due to stringent regulations towards employees' safety, industrial gloves are finding significant applications in various heavy-duty industries, such as construction, chemicals, automotive, oil and gas, and waste management. In addition, these industrial gloves made of latex, nitrile, and HPPE offer enhanced grip and ease of operation, which is impossible with bare hands. The growing demand for efficient gloves with better grip and convenience encourages the key players to engage in continuous product development and launches. For instance, Showa launched a safety glove named 'Showa 379 gauntlet', which provides extra chemical resistance and is highly flexible.
Rising awareness among industry players regarding the importance of worker safety and security at workplaces, owing to the stringent regulations and high costs associated with workplace hazards, is anticipated to drive the market. The demand for industrial gloves is expected to rise over the forecasted period, as it helps in easy donning, removal, better grip, and less sweat and moisture inside the gloves. The demand for these industrial gloves is expected to grow over the forecast period due to their increased usage across numerous industries such as oil & gas, manufacturing, automotive, and construction. According to IBEF (India Brand Equity Foundation), India's annual production of automobiles in FY21 was 22.65 million vehicles, and 13 million vehicles were produced between April-October 2021. Hence, with the growth of the automobile industry, the demand for nitrile gloves is increasing worldwide.
Industrial Safety Gloves Market Trends
This section covers the major market trends shaping the Industrial Safety Gloves Market according to our research experts:
Rising Demand for Occupational Safety
Occupational safety and health at work are vital components of decent work. According to the Istituto nazionale per l'assicurazione contro gli infortuni sul lavoro, the number of work accidents in Italy in 2021 was estimated to be 564 thousand. Data show that over 480 thousand work-related incidents occurred on the job itself, while approximately 84 thousand occurrences occurred on the way to or from work. To reduce the number of such instances, employers in various industries across the world have been focused on enhancing their employees' safety by providing better safety equipment, such as industrial safety gloves or footwear, among other such equipment. This factor has helped propel the sales of industrial safety gloves worldwide over the past few years. Thus, the prevalence of fatal occupational injuries, especially in industries such as construction, mining, utilities, and manufacturing, among others, has led to the increased use of Personal Protective Equipment (PPE), including industrial safety gloves, thereby, driving the growth of the market studied over the review period
Asia-Pacific to Witness the Fastest Growth Rate
The rising presence of various service and manufacturing industries and stringent government rules and regulations on industrial safety are driving the market in Asia-Pacific. For instance, the Occupational Safety and Health Administration (OSHA) offers information on worker protection for functioning in various industrial settings by imposing rules and regulations. Every manufacturing company has a quality department to check the quality of industrial gloves and ensure that the procured gloves are up to the mark in real-time operations. Such factors are influencing the demand for high-quality safety gloves in the region. In Asia-Pacific, rising industrialization and growth in the number of workers are expected to support the demand for industrial safety gloves, especially in China and India. According to industrial sources, there are currently 5,384 disposable glove-related enterprises in China, 2,779 companies registered in 2020, and 235 companies registered in January 2021.
Industrial Safety Gloves Industry Overview
The market is highly competitive with a large number of regional and international players in the market. International players dominate the global industrial safety gloves market like Honeywell International Inc., 3M Corporation, Top Glove Corporation Berhad, Ansell, and Radians, occupying the majority market share. These companies have been further intensifying the competition in the market studied. Companies have been differentiating their products and application efficiently to cater to the increasing demand for gloves due to growing industrialization, as there has been a high demand for safety gloves for worker protection. The companies are rapidly expanding their presence in the market by adopting innovative strategies, such as new product launches, partnerships, and joint ventures.
Industrial Safety Gloves Market Leaders
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3M Corporation
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Ansell Limited
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Top Glove Corporation Berhad
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Honeywell International Inc.
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Radians
*Disclaimer: Major Players sorted in no particular order
Industrial Safety Gloves Market News
- In May 2022, GIIB Holdings Bhd, a supplier of rubber compounds, announced that it has opened its first glove production facility in Nilai, Negeri Sembilan. The company revealed that the new manufacturing facility, run by GIIB's 51%-owned subsidiary GIIB Healthcare Products Sdn Bhd, had five double former glove-dipping production lines with an annual production capacity of 1.05 billion units.
- In January 2022, Kimberly-Clark Professional revealed that it launched Kimtech Opal Nitrile Gloves. As per the company's claims, the newly launched industrial gloves were for increased comfort during prolonged wear and strong tactile sensitivity. The powder-free gloves were made without vulcanization accelerators 1, added sulfur, or natural rubber latex and protect the application by lowering the risk of Type I and Type IV glove-associated skin responses. The gloves were also claimed to have Low Derma Technology, a proprietary skin-protection function.
- In October 2021, Ansell Limited announced to invest USD 80 million over the next three years to build a new manufacturing facility in Tamil Nadu, India. The new facility is planned to have the capability to produce a wide range of products, with an initial focus on surgical and life science gloves for the domestic and export markets.
Industrial Safety Gloves Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Material Type
- 5.1.1 Latex
- 5.1.2 Nitrile
- 5.1.3 HPPE
- 5.1.4 Other Material Types
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5.2 Product Type
- 5.2.1 Reusable Gloves
- 5.2.2 Disposable Gloves
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5.3 End-User
- 5.3.1 Automotive
- 5.3.2 Construction
- 5.3.3 Food Industry
- 5.3.4 Pharmaceutical
- 5.3.5 Minning
- 5.3.6 Oil and Gas
- 5.3.7 Other End-Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Spain
- 5.4.2.2 United Kingdom
- 5.4.2.3 Germany
- 5.4.2.4 France
- 5.4.2.5 Italy
- 5.4.2.6 Russia
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 South Africa
- 5.4.5.2 United Arab Emirates
- 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 3M Company
- 6.3.2 Ansell Limited
- 6.3.3 Honeywell International Inc.
- 6.3.4 Top Glove Corporation Bhd
- 6.3.5 Radians
- 6.3.6 Bunzl Plc
- 6.3.7 Delta Plus Group
- 6.3.8 The Glove Company
- 6.3.9 Uvex Group
- 6.3.10 Showa Glove Co.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityIndustrial Safety Gloves Industry Segmentation
Industrial safety gloves are personal protective equipment worn during work projects that cover and protect the hands from the wrist to the fingers. The industrial safety gloves market is segmented by Material Type, Product Type, End-user, and by Geography. Based on material type, it is segmented into latex, nitrile, HPPE, and other material types. By product type market is segmented into reusable gloves and disposable gloves. By end-user, the market is further segmented into automotive, construction, food industry, pharmaceutical, mining, oil and gas, and other end-users. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD Million).
| Material Type | Latex | |
| Nitrile | ||
| HPPE | ||
| Other Material Types | ||
| Product Type | Reusable Gloves | |
| Disposable Gloves | ||
| End-User | Automotive | |
| Construction | ||
| Food Industry | ||
| Pharmaceutical | ||
| Minning | ||
| Oil and Gas | ||
| Other End-Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle East & Africa |
Industrial Safety Gloves Market Research FAQs
How big is the Industrial Safety Gloves Market?
The Industrial Safety Gloves Market size is expected to reach USD 10.67 billion in 2024 and grow at a CAGR of 7.5% to reach USD 15.33 billion by 2029.
What is the current Industrial Safety Gloves Market size?
In 2024, the Industrial Safety Gloves Market size is expected to reach USD 10.67 billion.
Who are the key players in Industrial Safety Gloves Market?
3M Corporation, Ansell Limited, Top Glove Corporation Berhad, Honeywell International Inc. and Radians are the major companies operating in the Industrial Safety Gloves Market.
Which is the fastest growing region in Industrial Safety Gloves Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Safety Gloves Market?
In 2024, the North America accounts for the largest market share in Industrial Safety Gloves Market.
What years does this Industrial Safety Gloves Market cover, and what was the market size in 2023?
In 2023, the Industrial Safety Gloves Market size was estimated at USD 9.93 billion. The report covers the Industrial Safety Gloves Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Safety Gloves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Industrial Safety Gloves Industry Report
Statistics for the 2024 Industrial Safety Gloves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Safety Gloves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
