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Protective Gloves Market Size to Hit USD 35.20 Billion by 2027; Stringent Regulations Imposed on Workers Safety will Augment Growth

August 05, 2020 | Chemicals & Materials

The global protective gloves market size is expected to hit USD 35.20 billion by 2027 attributable to the increasing prevalence of various pandemics such as swine flu, coronavirus, Ebola virus, as well as the rising importance of personal safety. A recent report by Fortune Business Insights, titled, “Protective Gloves Market Size, Share & COVID-19 Impact Analysis, By Product (Disposable Gloves, and Durable Gloves), By Raw Material (Natural Rubber Gloves, Aramid Fiber Gloves, Nitrile Gloves, Neoprene Gloves, Polyurethane, Vinyl (PVC) Gloves, and Leather Gloves), By Application (Healthcare & Medical, Manufacturing, Construction, Food & Beverages, Oil & Gas, Mining, and Others), and Regional Forecast, 2020-2027,” states that the value of this market was USD 12.37 billion in 2019 and is expected to rise at a CAGR of 11.7% between 2020 and 2027.


Kossan Rubber Industries Bhd Gave Away Medical Gloves in Charity, Setting New Marks


Youasan Kossan declared the donation of two million pieces of medical gloves to workers in various industries in Malaysia. The main objective behind this charity is to ensure the safety of workers and fight back coronavirus. Youasan Kossan has been donating its products, namely, Shirudo 7th Sense and Shirudo Confidenz nitrile gloves to various departments such as Malaysian Armed Forces, Marine Police Force, National Disaster Management Agency (NADMA), Klang and Shah Alam Municipal Councils, among others. These gloves are also being donated to the medical centres such as Hospital Tengku Ampuan Rahimah, dialysis centres, and old age homes. This charity will help Yayasan Kossan increase the popularity of its products in the market, therefore creating lucrative growth opportunities for the market in the coming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/protective-gloves-market-103369


Imposition of Stringent Rules on Use of Safety Gears to Prevent Infection will Add Impetus


The increasing population and the rising importance of workers’ safety in various industries such as food processing, healthcare, oil & gas, chemical, and others are the key factors boosting the global protective gloves market growth. In addition to this, the imposition of stringent regulations based on the safety and protection to prevent the spread of infections such as coronavirus, and other pandemics is also increasing the demand for protective gloves in the market.


On the contrary, the continuous use of protective gloves may result in skin issues such as irritation, rashes, and others, thereby causing hindrance to the market growth in the coming years. Despite that, continuous investments in the production of skin-friendly gloves made of latex and other raw materials are likely to create lucrative growth opportunities for the market in the long run.


Adoption of Collaborative Strategies by Players will Intensify Competition


The global market for protective gloves is highly fragmented on account of the presence of small, medium, and large companies. However, five major companies, namely, Honeywell International, Ansell, Hartalega, 3M, and Top Glove are holding significant share in the market owing to their extended geographical expansions and diverse portfolios. The other players are engaging in joint ventures, partnerships, and more collaborative agreements to gain a competitive edge in the market in the forecast years.


Major Industry Developments of Protective Gloves Market include:



  • February 2020 – An estimated 50% shares of Careplus (M) Sdn Bhd was acquired by Ansell Limited for USD 9 million. The main objective of this acquisition is to help the entry of Ansell into the market for surgical gloves and to geographically expand its business in the international market.

  • October 2019 – The manufacturer of industrial and household gloves called Showa Glove Co. entered into a partnership with the producer of cleanroom and medical gloves called Riverstone Holdings Limited for expanding their portfolio.


List of Significant Players in this Market include:



  • Uvex Group (Fuerth, Germany)

  • Globus (Shetland) Ltd. (Manchester, United Kingdom)

  • PIP Global (New York, U.S.)

  • DIPPED PRODUCTS PLC (Colombo, Sri Lanka)

  • Honeywell International Inc. (Charlotte, U.S.)

  • Kimberly-Clark Corporation (Delaware, U.S.)

  • Showa Glove Co. (New York, U.S.)

  • Kossan Rubber Industries Bhd (Kuala Lumpur, Malaysia)

  • Towa Corporation (Kurume, Japan)

  • Superior Gloves (New York, U.S.)

  • Supermax Corporation Berhad (Selangor, Malaysia)

  • 3M (Minnesota, U.S.)

  • ATG- Intelligent Glove Solutions (Sri Lanka)

  • Top Glove Corporation Bhd (Shah Alam, Malaysia)

  • Lalan Group (Pvt) Ltd (Malwana, Sri Lanka)

  • Hartalega Holdings Berhad (Kuala Lumpur, Malaysia)

  • Jiangsu Hanvo Safety Product Co., Ltd. (Jiangsu Province, China)

  • Ansell Ltd. (Melbourne, Australia)

  • QS Safety (Shanghai, China)

  • Huihong (NANTONG) Safety Products Co., Ltd (Shanghai, China)


Further Report Findings



  • North America emerged dominant in 2019 by earning a revenue of USD 4.68 billion. This is attributable to the rising awareness about personal safety from pandemics such as COVID-19, Swine flu, and others, as well as the stringent rules imposed on the citizens for the same.

  • With respect to segmentation by application, the health and medical segment earned the largest market share owing to the rising prevalence of the current coronavirus pandemic. However, the construction segment earned 19.6% share in the market for safety gloves.


The Global Market for Protective Gloves is categorized into:











































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Product



  • Disposable




    • Chemical Handling Gloves

    • Sterile Gloves

    • General Purpose Gloves

    • Surgical Gloves

    • Others




  • Durable




    • Mechanical Gloves


      • Cut Resistant


        • Dyneema

        • HPPE

        • Kevlar

        • Others


      • Multi-Task

      • Oil Repellent

      • Others


    • Chemical Handling Gloves


      • Nitrile

      • PVC

      • Neoprene

      • Others


    • Thermal/ Flame Retardant Gloves

    • Others




By Raw Material



  • Natural Rubber Gloves

  • Aramid Fiber Gloves (Durable)

  • Nitrile Gloves

  • Neoprene Gloves

  • Polyurethane

  • Vinyl (PVC) Gloves

  • Leather Gloves (Durable)



By Application



  • Healthcare & Medical

  • Manufacturing

  • Construction

  • Food & Beverages

  • Oil & Gas

  • Mining

  • Others



By Geography



  • North America (the U.S., and Canada)

  • Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • Middle East & Africa (South Africa, and the Rest of Middle East & Africa)


Global Protective Gloves Market
  • PDF
  • 2019
  • 2016-2018
  • 314

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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