Impact of Outbreak of COVID-19 on Industrial Gloves Market
The global industrial gloves market was recorded to have a sales value of US$ 42.1 Bn in 2018. The market is expected to grow in terms of volume sales at a CAGR of 9.3% during the period 2019-2027. The industrial gloves market is expected to reach market size of US$ 91.4 Bn in 2027.
Accidents at the workplace have become a significant concern, paving the way for the influx of industrial gloves. Protective gloves are used in places where workers are more susceptible to cuts, injuries, infection, and contamination. According to an article published by World Economic Forum, more than 2 million people die at work each year. Many such cases are because of lack of health and safety awareness.
The price of Disposable Gloves is less than Reusable Industrial Gloves and is expected to remain the same in the forecasted period. Neoprene gloves are expected to remain costly during the forecasted period. There is a good opportunity from end-use industries such as oil and gas, mining, food, construction industry in global Industrial Gloves market. Developing economies are generating exponential growth & demand globally.
Key players operating in the global industrial gloves market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Lakeland Industries, Semperit A.G., Showa Group, HartalegaSdn. Bhd., Dipped Products Plc. and Uvex Group.