Market Size of Industrial Safety Gloves Industry
| 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 |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 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 | |||||||||
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Industrial Safety Gloves Market Size Summary
The industrial safety gloves market is poised for significant growth, driven by increasing awareness of workplace safety and stringent regulations across various heavy-duty industries such as construction, chemicals, automotive, oil and gas, and waste management. These gloves, made from materials like latex, nitrile, and HPPE, offer enhanced grip and operational ease, making them indispensable in environments where worker safety is paramount. The demand for these gloves is further bolstered by continuous product innovations and launches by key players, who are focusing on developing gloves with better grip, convenience, and chemical resistance. The rising incidence of workplace accidents and the high costs associated with them are prompting industries to invest in personal protective equipment (PPE), including industrial safety gloves, thereby driving market expansion.
In the Asia-Pacific region, the market is experiencing robust growth due to increased industrialization and stringent government regulations on worker safety. Countries like China and India are witnessing a surge in demand for industrial safety gloves, supported by the presence of numerous manufacturing and service industries. The market is highly competitive, with major international players such as Honeywell International Inc., 3M Corporation, Top Glove Corporation Berhad, and Ansell dominating the landscape. These companies are actively expanding their market presence through innovative strategies like new product launches and partnerships. The establishment of new manufacturing facilities, such as those by GIIB Holdings Bhd and Ansell Limited, further underscores the market's growth trajectory, as these facilities aim to meet the rising global demand for high-quality safety gloves.
Industrial Safety Gloves Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Material Type
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2.1.1 Latex
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2.1.2 Nitrile
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2.1.3 HPPE
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2.1.4 Other Material Types
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2.2 Product Type
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2.2.1 Reusable Gloves
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2.2.2 Disposable Gloves
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2.3 End-User
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2.3.1 Automotive
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2.3.2 Construction
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2.3.3 Food Industry
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2.3.4 Pharmaceutical
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2.3.5 Minning
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2.3.6 Oil and Gas
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2.3.7 Other End-Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 South Africa
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2.4.5.2 United Arab Emirates
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2.4.5.3 Rest of Middle East & Africa
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Industrial Safety Gloves Market Size 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.
