INDUSTRIAL GLOVES MARKET ANALYSIS
The global industrial gloves market was valued at US$ 8,053.4 Million in 2022 and is expected to expand at a CAGR of 6.97% in terms of revenue and is expected to reach at US$ 13,807.4 Million during 2023 – 2030.
According to Coherent Market Insights, the re-usable industrial gloves segment accounted for US$ 3,378.4 million in 2022 and is expected to reach US$ 6,148.7 million by 2030.
Nitrile was valued at US$ 1,820.6 million in 2022 and is expected to grow at a CAGR of 7.95% during the forecast period.
Rubber accounted for US$ 1,977.7 million in terms of revenue during the forecast period.
Global Industrial Gloves Market- Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic affected every industry. Handshaking is one of the most common ways of spreading this disease and gloves plays very important role, especially during covid-19 pandemic. Industrial gloves market adopted by automotive, chemical, food & beverage and healthcare industries. Due to COVID-19, the price of rubber, required for manufacturing of gloves, has increased. However, pandemic situation also increased the demand for gloves, specially the disposal gloves.
Driver:
Rubber was the leading material in the production of industrial gloves.
Market- Trends
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