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Protective Gloves Market to Hit USD 33.26 Billion by 2029; Swiftly Expanding Construction Industry to Stimulate Growth for the Market

April 13, 2022 | Chemicals & Materials

The global protective gloves market size is predicted to reach USD 33.26 billion by 2029. Fortune Business InsightsTM in its report titled, “Protective Gloves Market Size, Share & COVID-19 Impact 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, 2022-2029”, observes that the market size stood at USD 21.39 billion in 2021 and USD 24.20 billion in 2022, and is expected to exhibit a CAGR of 4.6% between 2022 and 2029. The growing workplace safety regulations across developing and developed countries are anticipated to create lucrative growth opportunities for the market.


The swift spread of the coronavirus pandemic has created an increased demand for protective gloves. The demand for personal protective equipment such as disposable gloves rose during the pandemic, which has amplified the market’s growth. The increasing awareness for disease prevention in the healthcare sector and patient well-being is likely to boost the market’s growth in the coming years.


Ansell Limited’s Acquisition of 50% of Issued Shares of Careplus (M) Sdn Bhd to Incite Development


In February 2020, Ansell Limited completed the acquisition of half of Careplus (M) Sdn Bhd’s issued shares from Careplus Group Berhad, a Malaysian medical gloves manufacturer, for approximately USD 9 million. The joint venture is aimed to expand Ansell Limited’s expand its business portfolio and enter the surgical gloves business. The company aims to fulfill the globally ever-increasing demand for surgical gloves.


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


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


Swiftly Increasing Workplace Safety Regulations to Stimulate Market Growth


The growing stringent regulatory norms across Europe and U.S., particularly in the manufacturing industry, are expected to stimulate significant growth for the market. The surging workplace safety regulations and the expanding working population across manufacturing, food processing, oil & gas, healthcare, and chemical industries are anticipated to be major propellants for protective gloves market growth.


Key Players Adopt Ingenious Strategies to Amplify their Growth Prospects


The highly competitive and fragmented marketplace comprises several international and regional players such as 3M, Honeywell International, Top Glove, Ansell, and others. The major market players adopt various growth strategies such as new product launches, joint ventures, alliances, partnerships, acquisitions, and others to amplify their growth prospects. For instance, KOSSAN Rubber Industries Bhd donated nearly two million pieces of medical gloves in March 2020 to support the Malaysian authorities in the fight against the coronavirus outbreak.


Industry Development-



  • March 2020 - KOSSAN Rubber Industries Bhd (KOSSAN) donated 2 million pieces of medical gloves to support the Malaysian authorities in the fight against the coronavirus outbreak.


List of Key Market Players-



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

  • Ansell Ltd. (Australia)

  • Hartalega Holdings Berhad (Malaysia)

  • Top Glove Corporation Bhd (Malaysia)

  • 3M (U.S.)

  • Superior Gloves (U.S.)

  • KOSSAN Rubber Industries Ltd. (Malaysia)

  • Kimberly-Clark Corporation (U.S.)

  • DIPPED PRODUCTS PLC (Sri Lanka)

  • Globus (Shetland) Ltd. (U.K.)

  • Uvex Group (Germany)

  • PIP Global (U.S.)

  • Honeywell International Inc. (U.S.)

  • Showa Glove Co. (U.S.)

  • Towa Corporation (Japan)

  • Supermax Corporation Berhad (Malaysia)

  • ATG- Intelligent Glove Solutions (Sri Lanka)

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

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

  • QS Safety (China)


Further Report Findings-



  • North America is predicted to attain a major protective gloves market share. The rising stringent laws mandating protective gloves’ use in various industries, coupled with the growing awareness for wellbeing, are projected to bolster growth in North America.

  • According to the segmentation based on application, the healthcare & medical segment is anticipated to witness the highest growth in the market.


Table of Segmentation-






















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Segmentation



By Product, Raw Material, Application, and Region



Unit



Value (USD Billion)



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

    • Durable

    • Disposable



  • Nitrile Gloves

    • Durable

    • Disposable



  • Neoprene Gloves

    • Durable

    • Disposable



  • Polyurethane

    • Durable

    • Disposable



  • Vinyl (PVC) Gloves

    • Durable

    • Disposable



  • Leather Gloves (Durable)



By Application




  • Healthcare & Medical

    • Durable

    • Disposable



  • Manufacturing

    • Durable

    • Disposable



  • Construction

    • Durable

    • Disposable



  • Food & Beverages

    • Durable

    • Disposable



  • Oil & Gas

    • Durable

    • Disposable



  • Mining

    • Durable

    • Disposable



  • Others



By Region




  • North America (By Product, By Raw Material, By Application, By Country)



      • U.S. (By Application)

      • Canada (By Application)





  • Europe (By Product, By Raw Material, By Application, By Country)



      • Germany (By Application)

      • U.K. (By Application)

      • France (By Application)

      • Italy (By Application)

      • Spain (By Application)

      • Rest of Europe (By Application)





  • Asia Pacific (By Product, By Raw Material, By Application, By Country)



      • China (By Application)

      • Japan (By Application)

      • India (By Application)

      • South Korea (By Application)

      • Rest of Asia Pacific (By Application)





  • Latin America (By Product, By Raw Material, By Application, By Country)



      • Brazil (By Application)

      • Argentina (By Application)

      • Rest of Latin America (By Application)





  • Middle East & Africa (By Product, By Raw Material, By Application, By Country)



      • South Africa (By Application)

      • Rest of Middle East & Africa (By Application)







 

Global Protective Gloves Market
  • PDF
  • 2021
  • 2018-2020
  • 354

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