Discover Personal Protective Gloves Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2024|Grand View Research, Inc.



The global personal protective gloves market size is expected to reach USD 15.78 billion by 2024, expanding at a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Stringent health and hygiene regulations in various consumable producing industries such as medical and food & beverage sectors are anticipated to drive protective gloves demand over the forecast period.
Rising number of hand cuts, arm injuries, and abrasions in the workplace are expected to fuel market demand in future. Costs associated with rising loss time injuries has urged employers of various end-use industries such as chemical, manufacturing, and mining industries to necessitate the usage of gloves in their operating facilities.
Chemical handling dominated and accounted for over 30% of total market revenue in 2015. This segment is also expected to be the fastest growing product from 2016 to 2024. Chemical resistant gloves have gained significance among workplace operations that are involved in handling chemicals such as hydrochloric acid, ammonium hydroxide, esters, alcohols, and amines.
Aforementioned factors coupled with its enhanced resilience to abrasion and chemicals are expected to drive nitrile glove demand over the next eight years. This product segment is expected to emerge as the fastest growing category and is expected to be a net worth of USD 1,740 million by 2024.
The market is highly fragmented and is marked by the presence of large integrated companies such as 3M, MSA Safety, Honeywell, Kimberly Clark, and Top Glove. Companies such as Top Glove and Honeywell are the manufacturers as well as suppliers of the product to end-use industries.The manufacturers have distributors for different locations across the world. Other major companies operating in the market include Kossan Rubber, DuPont, Hartalega, Delta Plus, COFRA, Lindstrom, Mallcom, Radians, Globus, Midas Safety, Towa Corporation, Lakeland, Ansell, and Avon Rubber.
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Further key findings from the report suggest:
·         Disposable gloves are anticipated to emerge as the fastest growing product segment and to be net worth of USD 6,934.5 million by 2024.
·         Mechanical gloves are expected to emerge as fastest growing product segment in the durable category with a CAGR of 6.6% over the next eight years.
·         Leather material dominated the global protective gloves market and accounted for 24.8% of global market share in 2015.
·         Europe emerged as the leading regional personal protective gloves market and was valued at USD 2,946.4 million in 2015. Stringent workplace regulations in the region have contributed towards its high penetration.
·         Asia Pacific is anticipated to emerge as fastest growing protective gloves market with a CAGR of 7.3% over the next eight years.
·         Major players operating in the industry include 3M Company, Alpha Pro Tech, Honeywell, MSA, Kimberley Clark, Delta Plus, Superior Glove Works, Uvex, Midas Safety, Hartalega, Top Glove, and Kossan Rubber.
According to the U.S. Bureau of Labor Statistics, manufacturing sector comprised 40% of total hand injury cases registered during 2014. Prevalence of hand injuries or illnesses had the highest incidence rate among upper body parts. Growing concern over lost time injury frequency rates and losses associated with it has urged the employers in this sector to implement stringent steps against working personnel not complying with safety regulations.
The market has witnessed significant rise in demand from healthcare sector owing to seasonal factors such as prevalence of viral outbreaks and infectious diseases. Growing awareness regarding health and safety measures associated with patient treatment and emergency response incidents has played a key role in driving the demand for medical personal protective gloves in the healthcare industry.
In addition, risks associated with the on-the-job transmission of germs and blood borne pathogens is expected to augment the demand for disposable gloves in the medical and healthcare facilities.Increasing awareness towards disease prevention and consumer well-being in the healthcare sector is expected to drive the market over the forecast period.
The product demand is influenced largely by the weather conditions. Surging demand for protection against low temperature and cut injuries in colder climatic regions is anticipated to fuel the growth of the personal protective gloves market in these regions. Low temperature plays as a seasonal factor in tropical regions while it plays an essential role in driving the demand in Polar Regions exposed to winter climate for over four months during a year.
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On the basis of end use, the market has been segmented into medical and healthcare, food and beverage, chemical, manufacturing, construction, oil and gas, and mining. Other end-use industries include general engineering and law enforcement. Safety standards by regulatory agencies, including the Occupational Safety and Health Administration (OSHA), are anticipated to augment the market growth.
Manufacturing was the largest end use segment for personal protective gloves and is expected to expand at a CAGR of 6.7% over the forecast period. Various primary and ancillary processes involved in the manufacturing industry such as welding, grinding, and torch cutting may cause injuries to employees. Growing concern over employee safety is expected to drive the product demand.
Grand View Research has segmented the global personal protective gloves market on the basis of product, material, and end-use:
Personal Protective Gloves Product Outlook (Revenue, USD Million, 2014 - 2024)
·         Disposable
o    By product
o  General purpose
o  Chemical handling
o  Sterile
o  Surgical
o  Others
·         Durable
o    By product
o  Mechanical
o By product
o    Cut resistant
o    Multi task
o    Oil repellant
o    Others
o  Chemical handling
o  Thermal/flame retardant
o  Others
Personal Protective Gloves Raw Material Outlook (Revenue, USD Million, 2014 - 2024)
·         Natural rubber/latex
·         Nitrile
·         Neoprene
·         Vinyl
·         Aramid fiber
·         Leather
·         Others
Personal Protective Gloves End-Use Outlook (Revenue, USD Million, 2014 - 2024)
·         Medical and Healthcare
·         Food and Beverage
·         Chemical
·         Manufacturing
·         Construction
·         Oil and gas
·         Mining
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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