Growing demand for the product in several industries including automotive, food and beverages, pharmaceuticals, chemical and petrochemical, oil and gas, mining, industrial R&D, academic R&D, and cleanrooms is expected to promote market growth over the forecast period. Stringent regulations regarding safety of workers will also benefit the market. Rising importance of raw materials offering lightweight properties, comfort, higher heat resistance, and elasticity has been a major incentive for companies to conduct extensive R&D. These initiatives are primarily aimed at achieving multi-functionality of the product and widen its application scope by including innovative add-ons to existing designs. Technological advancements and increasing concerns pertaining to employee health and safety are estimated to provide lucrative opportunities to market participants over the coming years. Product innovation and usage of sustainable raw materials for glove manufacturing are further estimated to positively impact the market over the next few years.