DUBLIN--(BUSINESS WIRE)--The "Global Protective Gloves Market Research and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global protective gloves market is anticipated to grow at a CAGR of 8.9% during the forecast period. Gloves are used in different applications and industries to protect the body parts of the working person especially hands.
The market for protective gloves across the globe is growing significantly due to its extensive application in healthcare, construction, and manufacturing sectors, as these gloves (during industrial tasks such as handling caustic chemicals, hot materials, or sharp objects) protects the hands of the workers, as well as make their work more efficient.
The major factors that are driving the growth of the protective gloves market include increasing usage in end-user industries, favorable government policies for the safety of workers, and the adoption of gloves in emerging economies. The protective glove majorly used in industries such as laboratories, research & manufacturing firms, and these industries are rising at a rapid rate in emerging economies such as India and China. Further, technological advancement in terms of the material used in protective gloves for providing proper safety is also contributing significantly to the growth of the market.
Various factors restrain the growth of the protective gloves market includes increasing automation in various industries. Some robotic operations have been introduced in the healthcare and manufacturing industry where there is no need for human interaction, and it reduces the need for protective gloves.
Additionally, it added an extra cost to the company hence some companies neglect to provide standard protective gloves where there is no strict government regulation. The risk of allergy may impact the adoption of protective gloves in the country. For instance, natural rubber latex gloves may cause an allergic reaction such as hives, itching, sneezing, and coughing, chest tightness, or a runny nose.
The use of natural rubber latex gloves can cause asthma and dermatitis due to which the adoption of protective gloves may limit. Further, the rising demand for disposable gloves in the country is also creating enormous opportunities for the growth of the market in the near future.
Impact of COVID-19 Pandemic on Global Protective gloves Market
The global protective gloves market is hardly hit by the COVID-19 pandemic since December 2019. The pandemic has created an unprecedented demand for healthcare PPE products such as masks, gloves, goggles, face shields, among others. During a pandemic, major players were ramping up the production to try and meet the growing demand. Also, government agencies were relaxing controls to ease supply challenges.
The demand for medical gloves is increasing due to the COVID-19 outbreak. The Centers for Disease Control and Prevention has recommended medical gloves for patients who are suspected and confirmed COVID positive. To fight the pandemic the key players were focusing on the manufacturing of personal protective equipment (PPE) products such as face masks, gowns, and gloves for combating the COVID-19. Companies such as 3M, Honeywell international, Kimberly-Clarke Corp, among others are rising to make huge efforts to meet this demand. The market will witness "V" shape recovery in near future owing to the restart of key industries in major economies, and an increase in demand for PPE equipment almost everywhere.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global protective gloves market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Protective Gloves Market, By Material
5.1.1. Latex
5.1.2. Nitrile
5.1.3. Neoprene
5.1.4. Polyvinylchloride (PVC)
5.1.5. Polyvinylalcohol (PVA)
5.1.6. Vinyl
5.1.7. Leather
5.1.8. Others (Butyl, Viton, Polyethylene)
5.2. Global Protective Gloves Market, By Type
5.2.1. Disposable
5.2.2. Non-Disposable (Reusable)
5.3. Global Protective Gloves Market, By End-User Industry
5.3.1. Healthcare
5.3.2. Manufacturing
5.3.3. Food & Beverage
5.3.4. Construction
5.3.5. Oil & Gas
5.3.6. Driving & Sports
5.3.7. Others (Firefighting, Military, Mining)
6. Regional Analysis
7. Company Profiles
7.1. 3M Co.
7.2. Ansell Ltd.
7.3. Comfort Rubber Gloves Industries SdnBhd
7.4. Bunzl Distribution USA, LLC, (Cordova Safety Products)
7.5. Delta Plus Group
7.6. Tenacious Holdings, Inc. (Ergodyne)
7.7. Globus (Shetland) Ltd
7.8. Hartalega Holdings Bhd
7.9. Honeywell International, Inc.
7.10. Jiangsu Jaysun Glove Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/dyzhkq
