Protective Gloves Market Size & Share, by Material (Natural Rubber, Nitrile, Latex, Neoprene, Leather, Vinyl); Type (Reusable, Disposable); Application (Chemical, Mechanical, Biological, Thermal); End-user (Healthcare, Manufacturing, Food & Beverage, Oil & Gas, Construction, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4520
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Protective Gloves Market size is expected to reach USD 30 Billion by the end of 2033, witnessing around 5% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of protective gloves was USD 25 Billion. The primary growth factor for the expansion of the protective clothing market size is the rapid and booming textile industry across the world. As the textile industry is expanding, the production capacity of protective gloves also increases thus raising the manufacturing rate of protective gloves and creating a positive outlook for market growth. The global textile industry is estimated to grow steadily with a CAGR of nearly 5% till 2024. In 2018, the revenue generation was approximately USD 900 billion, which is further anticipated to reach USD 1,250 billion by 2024.

There has been a rise in industrial fatalities in emerging economies due to the lack of personal protective components in various industries. Moreover, the increasing cases of workplace accident risks in manufacturing industries including healthcare, oil & gas, food processing, and others, and the escalating awareness concerning employee health and safety are expected to throw light on the importance of adopting protective gloves. Also, a surge in strict government regulations for wearing protective gloves to take safety measures for workers’ security to reduce occupational hazards or mishaps is anticipated to increase the sales of protective gloves in the forecast period. Moreover, the application of protective gloves in medical settings to control the spread of infections and illnesses during medical procedures and examinations has increased the demand for various types of protective gloves such as surgical gloves, medical gloves, and examination gloves. Thus, a rising focus on infection control strategy is projected to create a positive outlook for the global protective gloves market. Another factor that is attributed to boost the market revenue generation is the massive investments by the major key players to develop sustainably, and 100% recyclable protective gloves.


Protective-Gloves-Market-scope
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Protective Gloves Sector: Growth Drivers and Challenges

Growth Drivers

  • Prevalence of Industrial Accidents – The risk of product contamination and injury caused to the hands of workers due to difficult work environments has increased considerably. Thus, to protect employees from industrial accidents, the demand for protective gloves is expected to increase rapidly. The total number of fatal work injuries in the United States was calculated to be around 5,000 in 2020.

  • Rise in Cases of Structure Fires – Flame resistance fabrics are increasingly used in the area that are prone to fire, backed by the rising structure fire cases across the globe, is further predicted to drive the market’s growth. The recent statistics reported that in 2020, there were almost 500,000 structure fires in the United States, an increment of 2 percent from 2019.
  • High Investments by Companies in R&D Activities – Key players of the market and the government have been focusing on the development of novel protective gloves that are ec0-friendly as well as effective in offering a protective layer. Thus, investments have been made in the Research and Development sector for new product launches. World Bank showed the data of Research and Development expenditure to be 2.63% of total GDP in 2020, up from 2.13% of total GDP in 2017 worldwide. 

  • Rapid Industrialization and Urbanization – With the expansion of industrialization, the number of industries in the world has grown up considerably. As a result, the employment rate in the manufacturing industries leads to higher risks for industrial fatalities injuries, accidents, and trauma. Thus, this trend is expected to increase the utilization rate of protective gloves to promote safety and well-being.  United Nations Organization released data stating that about 55% of the global population was living in urban areas in 2018, which is forecasted to increase to 68% by 2050.

Challenges

  • Rising Skin Allergies Due to Latex Material - An allergic reaction to latex is expected to result in hives, itchy skin, or even anaphylaxis, a potentially fatal condition that can induce throat swelling and trouble breathing. A doctor can evaluate whether one already has a latex allergy or are at risk of getting one.
  • Constant Fluctuation in Costs of Raw Materials
  • High Initial Investment Costs

Protective Gloves Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~USD 25 Billion

Forecast Year Market Size (2033)

~USD 30 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Protective Gloves Segmentation

End-user (Healthcare, Manufacturing, Food & Beverage, Oil & Gas, Construction, Transportation) 

The global protective gloves market is segmented and analyzed for demand and supply by end-use industry into healthcare, manufacturing, food & beverage, oil & gas, construction, transportation, and others. Out of these, the construction segment is attributed to garner the highest market share by 2033, owing to the expansion of the construction sector and the growing number of workers in the world. A recent report stated that in 2019, the construction industry in the U.S. generated a revenue of approximately USD 2 trillion. Further, the rising demand for construction processes across various industries along with rapid industrialization is expected to bolster the growth of the construction segment in the assessment period. Protective gloves are highly useful in keeping the hands of the workers clean and providing a protective layer against abrasions, cuts, and hot, and cold in the processes of welding and construction. Also, rising regulatory norms imposed by the government and implementation of precautionary measures in construction sites for occupational security are expected to increase the demand for protective gloves in the construction industry thus, bring opportunities for significant revenue generation.

Material (Natural Rubber, Nitrile, Latex, Neoprene, Leather, Vinyl)

The global protective gloves market is also segmented and analyzed for demand and supply by material into natural rubber, nitrile, latex, neoprene, leather, vinyl, and others. Out of these, the natural rubber segment is attributed to hold a significant share owing to its high demand from automotive, food processing, and manufacturing industries as a result of the high durability, increased dexterity, perfect fit, and comfort properties of natural rubber protective gloves. Furthermore, the rising focus on using sustainable products is providing a growth opportunity for the natural rubber segment to grow as rubber protective gloves are biodegradable, antibacterial, and antimicrobial. Also, the lightweight nature of protective gloves made with natural rubber increases the tactile sensitivity, that makes it preferable for purposes that require dexterity. Moreover, the highly elastic nature and high resistance power against chemical and harsh environments make natural rubber gloves an ideal option in numerous industries, and are termed as a type of industrial rubber.

Our in-depth analysis of the global market includes the following segments:

                   By Material

  • Nitrile
  • Latex
  • Neoprene
  • Leather
  • Vinyl
  • Others

                  By Type

  • Reusable
  • Disposable

                  By Application

  • Chemical
  • Mechanical
  • Biological
  • Thermal
  • Others

                  By End-Use Industry

  • Healthcare
  • Manufacturing
  • Food & Beverage
  • Oil & Gas
  • Construction
  • Transportation
  • Others

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Protective Gloves Industry - Regional Synopsis

The Asia Pacific protective gloves market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The major factor attributed to the growth of the market in the region is the owing to the high number of deaths occurring in industries. A recent report of 2022 by the International Labor Organization stated that work-related diseases and injuries are responsible for taking almost 1.2 million deaths in the Asia Pacific region every year, which is equivalent to the loss of 55 million healthy years. Also, the rising awareness regarding workers’ well-being along with strict government rules regarding safety gloves is anticipated to increase the adoption rate of protective gloves in various regions of Asia Pacific. Furthermore, the growth in contagious diseases including flu (influenza), COVID-19, Ebola virus disease (EVD), and others are also projected to fuel the usage of disposable protective gloves. In addition, the expansion of industries such as healthcare, manufacturing, automotive, and oil & gas in China, India, and Japan is also anticipated to increase the production rate of protective gloves for safety issues in the workplace.

Research Nester
Protective-Gloves-Market-Regional
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Companies Dominating the Protective Gloves Landscape

top-features-companies
    • Kossan Rubber Industries Bhd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Top Glove Corporation Berhad
    • Ansell group
    • TOWA CORPORATION
    • Hartalega Holdings Berhad
    • Delta Plus Group
    • COFRA S.r.l.
    • Lindström Group
    • Radians, Inc.
    • Mallcom (India) Limited 

In-the-news

In The News

  • Top Glove Corporation Berhad is all set to export and sell gloves in the U.S.A region, following modification of the finding by the U. S. Customs and Border Protection (CBP).

  • Hartalega Holdings Berhad has finalized the buying agreement of 250 acres of land in Kubang Pasu, Kedah from Northern Gateway Free Zone Sdn Bhd (NGFZ) to build new factories to expand its glove manufacturing operations.

 

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4520
  • Published Date: Feb 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The expansion of the textile industry along with accident cases across numerous industries are expected to propel the market growth during the forecast period.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

The high investment costs along with rising skin allergies due to latex material and constant fluctuation in costs of raw materials are expected to hamper the market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Kossan Rubber Industries Bhd, Top Glove Corporation Berhad, Ansell group, TOWA CORPORATION, Hartalega Holdings Berhad, Delta Plus Group, COFRA S.r.l., Lindström Group, Radians, Inc., Mallcom (India) Limited, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by material, type, application, end-use industry, and region.

The construction segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Protective Gloves Market Report Scope
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