The global protective gloves market is anticipated to grow at a CAGR of 8.9% during the forecast period (2024-2031). The key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. The major players offer a wide range of gloves to be used in various industries such as machinery, oil & gas, automotive, chemical, construction, food processing, healthcare, and others. For instance, in March 2019, Ansell Ltd. introduced MICROFLEXMidKnightXTRA, a nitrile glove for enhanced fentanyl protection and gastric acid. This glove is designed to protect against hazardous chemical and is one of the major advancements which will benefit chemical and oil & gas industry.
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Further, 3M Co. provides work gloves that offer dexterity and comfort for protection and precision work while requiring extra grip in oil & gas applications and handling sharp objects. In January 2021, Ansell Ltd., a company of protection solutions, announced that it has acquired Primus Gloves and Sanera Healthcare Products, this acquisition was done to accelerate the growth of the Life science business of Ansell. Besides, Riverstone Holdings has acquired a piece of industrial land in Malaysia for around $1.6 million. This was done for the expansion of production capacity for gloves and other operations. Thus, the introduction of new products, mergers and acquisitions, expansion of production capacity, and expansion of geographical location, by the key players is to drive the global protective gloves market growth during the forecast period.
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Market Coverage
- Segment Covered-
o By Material
o By Type
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Top Glove Corporation, Hartalega, 3M, Ansell, Comfort Rubber Gloves, Brunzl Distribution USA< LLC, Honeywell International, Jiangsu Jaysun Glove, Marvel Gloves Industries, among others.
Recent Strategies initiatives in the Global Protective Gloves Market:
- In August 2020, Hartalega Holdings Bhd had to buy a 60.57-acre piece of land in Labu, Sepang, Selangor for $38.41 million for building additional glove manufacturing facilities, which has increased its capacity by 19 billion pieces per year. This acquisition was done due to the demand for medical gloves has increased across the globe owing to the unprecedented global pandemic event. COVID-19 has created the demand for higher safety and hygiene awareness across all industries.
- In April 2018, Top Glove Corporation Bhd, has announced that it had completed the acquisition of Aspion Sdn Bhd. This will allow Top Glove to emerge as one of the world’s largest surgical glove manufacturers. This acquisition added 3 manufacturing facilities with 75 lines and a capacity of 4.77 billion pieces of gloves per annum, through that the Top Glove has a production capacity of 57.24 billion pieces of gloves per annum.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Protective Gloves Market Report Segment
By Material
- Latex
- Nitrile
- Neoprene
- Polyvinylchloride (PVC)
- Polyvinylalcohol (PVA)
- Vinyl
- Leather
- Others (Butyl, Viton, Polyethylene)
By Type
- Disposable
- Non-Disposable (Reusable)
By End-User Industry
- Healthcare
- Manufacturing
- Food & Beverage
- Construction
- Oil & Gas
- Driving & Sports
- Others (Firefighting, Military, Mining)
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