Over the course of the forecast period, the Industrial Gloves Market industry is anticipated to grow at a compound annual growth rate (CAGR) of 6.17%.
The market for industrial gloves is expanding due to stringent environmental laws and a rise in workplace accidents.
Additionally, the European Union Occupational Safety and Health Administration (EU OSHA) and the European Union Cooperation on Workplace Safety & Health oversee the application of the necessary standards for the safety features and worker safety equipment at workplaces throughout Europe. It is anticipated that the existence of globally renowned organizations in affluent nations will persuade emerging nations to adhere to industrial safety regulations. Therefore, the OSHA, ANSHP, and EU rules and norms will incentivize employers to implement safety precautions for their employees.
Perspectives on Market Segments
Natural Rubber (Latex), Leather, Polyethylene, Nitrile, Neoprene (Chloroprene), Metal Mesh, Vinyl, and Coated Fabrics are all included in this section according to material type.
Chemical handling gloves, mechanical gloves, cleanroom gloves, radiation protection gloves, and surgical gloves are all included in this product-based category.
The healthcare, chemical, automotive, food and beverage, construction, and other industries are included in this section according to application.
Regional Perspectives
North America, Europe, Asia-Pacific, and the Rest of the World are the regions into which the worldwide industrial gloves market is divided. Strict environmental laws and an increase in workplace accidents are two major demand factors propelling the Asia-Pacific market. The Asia-Pacific Industrial Gloves market is projected to grow at an excellent compound annual growth rate (CAGR) of 6.98% from its 2023 valuation of USD 1,766.02 million to USD 3,230.42 million. Strong growth potential for industrial gloves in the region is anticipated as a result of the increased awareness of industrial safety.
The primary driver of the region's growing demand for industrial gloves is anticipated to be the rise in investments brought about by government programs for worker safety and security as well as the quick industrialization of the food, chemical, and medical industries. International businesses also frequently import industrial gloves and inexpensive raw materials from this area. Due to the presence of rising economies like China and India, which are anticipated to boost demand throughout the forecast period, Asia-Pacific is one of the major markets for industrial gloves worldwide. Asia-Pacific nations are at the top of the worldwide industrial glove export rankings.
Key Players
Shamrock Manufacturing Company, Inc., Globus (Shetland) Ltd., Supermax Corporation Berhad, Klein Tools, Inc., Honeywell International Inc., Rubberex, Semperit AG Holding, Ansell Ltd., Kossan Rubber Industries Bhd, TOWA Corporation, and Top Glove Corporation Bhd are some of the leading companies in the market.
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