14 Personal Protective Gloves Market Hacks Only the Pros Know

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.

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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.

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, the 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 the 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 bloodborne pathogens are expected to augment the demand for disposable gloves in the medical and healthcare facilities. Increasing awareness of 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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Durable gloves led the product segment in 2016, accounting for over 57% of total market share in terms of revenue and is anticipated to witness moderate growth over the forecast period. On the basis of product characteristics and the nature of work involved in end-use application, a wide range of gloves such as cut-resistant, mechanical, multi-task, and oil repellents are available.

Increasing concern over occupational injuries coupled with the surging requirement for durable and chemically resilient personal protective wear during high-risk activities in various industries such as oil and gas, metal forming, construction, and manufacturing, is anticipated to steer the demand for personal protective gloves over the forecast period.

Disposable gloves is expected to emerge as the fastest-growing segment with a revenue share accounting to USD 6.93 billion by 2024. Major materials used in product manufacturing include natural rubber, nitrile, vinyl, neoprene, and polyethylene. Growing concern over product contamination in electronics, medical examination, and food processing industries is expected to drive the growth.

Nitrile gloves are anticipated to exhibit various benefits associated with the product over its counterparts. In addition, they are puncture-resistant, frictionless, and have a longer shelf life than latex gloves. Increasing occurrence of pandemic diseases, such as swine flu (H1N1), coupled with the rising need for infection control is anticipated to drive the market.

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Based on raw materials, the market has been segmented into natural rubber or latex, nitrile, neoprene, vinyl, aramid fiber, and leather. Furthermore, the raw materials are transformed into application-specific fibers such as flame retardants, and chemical, and mechanical abrasion-resistant fabrics.

Leather gloves have a significant presence in the personal protective gloves industry. This can be attributed to the protection it offers in cold environments and preventing splinters. Growing demand for safety gloves for handling the sharp tools and volatile chemicals in construction and woodwork are expected to drive adoption of the product over the forecast period.

Nitrile gloves is expected to emerge as the fastest-growing product segment owing to increasing adoption in medical, chemical, painting, laboratory, and oil sectors. The segment is expected to expand at a CAGR of 8% over the forecast period on account of its enhanced resilience to puncture and chemical as compared to vinyl and latex.

The processed natural latex and nitrile rubbers are made available to product manufacturing companies through a diverse distribution channel. Aramid fiber and leather manufacturers have distributors that market fibers to various personal manufacturers. Some fiber distributors operating in the industry include Transilwrap Co., Inc.; Tekra Corp.; and JG Train and Company (PTY) Ltd.