The industrial gloves market is driven by the growing deployment of product across various industries including biotechnology, food processing, chemical engineering, healthcare, and pharmaceutical industry, among others. The industrial workers above the age of 50 are more susceptible to infections, abrasions, and diseases caused by pathogens and harmful chemicals, therefore, the increasing stringent government regulations in order to protect the geriatrics from any kind of permanent damage are likely to be the major driving factors of the market.
Over the forecast period, the market is anticipated to be aided by the growing cases of acid spillage in the chemical plants. These incidences can cause permanent damage to the skin, causing great trauma to the workers, leading to a heightened demand for industrial gloves to bolster the protection against such accidents.
In June 2021, ANSELL LTD. (ASX: ANN) announced the opening of company’s first plant in Uzlovaya city of Russia. The launch of the plant is likely to create 120 highly qualified workplaces. The aim of the plant is to localise the production of ActivArmr® Hycron® gloves, which are designed to protect workers from severe conditions. The manufacturers are aiming to cover the demand for the product in Russia, as well as exporting the product in Belarus and Kazakhstan. The plant will also generate employment for a significant amount of workforce, which is likely to generate a considerable demand for the industrial gloves in the forecast period.
In terms of region, North America is likely to account for a significant share of the market, owing to the increasing expansion of service and manufacturing industries in the United States of America and Canada. Technological advancements in the biotechnology and chemical industry are likely to generate employment for a sizeable amount of workforce, thereby propelling the demand for industrial gloves. The market growth in the region is further expected to be aided by the government regulations aimed towards protecting the lives of healthcare workers, food processing staff, and construction staff.
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The major players in the global market are ANSELL LTD., Careplus Group Berhad, Globus (Shetland) Ltd, Hartalega Holdings Berhad, Honeywell International Inc., and Kossan Rubber Industries Bhd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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