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The global protective gloves market size was amounted at USD 25.17 billion in 2023. The market is anticipated to grow from USD 26.26 billion in 2024 to USD 38.22 billion by 2032, developing at a CAGR of 4.8% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Protective Gloves Market Size, Share & Industry Analysis, By Product (Disposable and Durable), By Raw Material (Natural Rubber 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, 2024-2032”.
Protective gloves are essential personal protective equipment (PPE) designed to safeguard workers from injuries in sectors such as healthcare, construction, manufacturing, and oil & gas. The rising incidence of occupational hazards, including cuts, punctures, and chemical exposures, has heightened the demand for high-quality protective gloves. Approximately, 18% of the concrete injuries result from cuts, lacerations, and punctures, underscoring the critical need for hand protection.
The COVID-19 pandemic had a mixed impact on the protective gloves market. While the healthcare sector experienced a surge in demand for disposable gloves, which increased the market up to 300%, other industries faced supply chain disruptions, leading to temporary decline in glove usage.
Ansell Ltd. Launched a New Design and Texture of Gloves for Protection of Industrial Workers
In February 2024, a highly textured gloves called MICROFLEX Mega Texture 93-256, was launched by Ansell Ltd. These specific gloves are designed for industrial workers for better grip and durability, along with long-lasting protection. They are also well-suited for automotive shop employees requiring a durable glove with tear resistance, high visibility, and tremendous gripping abilities.
Rapid Growth In Various Industries to Showcase Lucrative Market Growth Opportunities
Due to increasing population in oil & gas, healthcare, chemical, food processing industries, the adoption of safety gloves has fueled the protective gloves market growth. These industries have become highly advanced, but still have a chance of posing accidental risk. Thus, the protective gloves helps the workers to protect themselves against mishaps including excessive heat, cold, sharp objects, and infectious diseases.
However, many gloves are made out of latex, which can cause allergies, leading to severe skin abnormalities to rise, including symptoms such as rashes, redness of the skin, and itchiness.
Expansion of Manufacturing Facilities by Key Industry Players to Boost Market Development Opportunities
The production of protective gloves is held by manufacturers and contract manufacturers. A major portion of the factories in several countries have very low labor costs. For the end-use industries, the manufacturers are opting for recyclable and sustainable material to increase the need for more environment-friendly products. Additionally, the manufacturers are choosing to use different standards, while keeping health and safety of workers in-check.
Key Players Profiled in the Report
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https://www.fortunebusinessinsights.com/protective-gloves-market-103369
Key Industry Development
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 4.8% from 2024 to 2032 |
Segmentation | By Product
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By Raw Material
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By Application
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By Region
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