Global industrial gloves market expected to reach approximately USD 10.02 billion by 2024, growing at a CAGR of around 9.84% between 2018 and 2024. Gloves are important to maintain the contamination-free environment in the food & beverage, biotechnology, and pharmaceutical industries.
The report covers forecast and analysis for the global industrial gloves market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the global industrial gloves market along with the impact they have on the demand over the forecast period.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the global industrial gloves market has also been included. The study encompasses a market attractiveness analysis, wherein type, application, and material type segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global industrial gloves market by segmenting the market based on type, application, material type, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on the type, the market is segmented into disposable gloves and reusable gloves. Based on application, the market is segmented into food, chemicals, healthcare, pharmaceuticals, manufacturing, and others. Based on the material type, the market is divided into polyethylene, nitrile, rubber, neoprene, vinyl, and others.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S., Germany, France, the UK, China, Japan, India, and Brazil.
The report also includes detailed profiles of key players such as Ansell Ltd., 3M Corporation, Holding Towa Corporation, Honeywell Safety Products, Semperit A.G. Holding, Showa Group, MSA Safety, and E.I. DuPont De Nemours and Company, among others. The detailed description of players includes parameters such as company overview, financial overview, business strategies, and recent developments of the company.
This report segments the global industrial gloves market as follows:
Global Industrial Gloves Market: Type Segment Analysis
Global Industrial Gloves Market: Application Type Segment Analysis
Global Industrial Gloves Market: Material Type Segment Analysis
Global Industrial Gloves Market: Regional Segment Analysis
Industrial gloves are important for the protection of an individual from injury, burn, and infection. In biotechnology industry gloves are worn to prevent cross-contamination. Hand protection gloves are mainly used in automobile, electrical, chemical, healthcare, and food & beverage industries for the well-being of the workers. Some industries use reusable hand protection gloves whereas other industries such as food and healthcare prefer disposable hand gloves in order to prevent the contamination.
Flourishing automobile, chemical, pharmaceutical, food & beverage, and biotechnology industries globally is driving the global industrial gloves market growth owing to increasing demand for the diverse variety of industrial gloves in the countries such as Switzerland, the U.S., and New Zealand.
The product type for the global industrial gloves market includes disposable gloves and reusable gloves. In terms of revenue, disposable gloves segment of the product type is anticipated to acquire significantly the highest share as compared to reusable gloves. Zero cost of maintenance, sterilization, and storage are the prime factors that are driving the growth of the disposable industrial gloves segment. Based on the application, the industrial gloves market is classified into food, chemicals, healthcare, pharmaceuticals, manufacturing, and others. Currently, chemical and pharmaceutical segments are dominating the application segment of industrial gloves market in terms of revenue. However, the food segment is anticipated to show the fastest growth in the near future owing to the growing importance of hygiene in all food operation processes. The material type segment of industrial gloves market includes polyethylene, nitrile, rubber, neoprene, vinyl, and others. Rubber segment generated a revenue of USD 1.7 billion in 2017. Nitrile gloves in the material segment are anticipated to show the fastest growth in terms of revenue during the forecast period owing to a superior chemical barrier, protection, and durability, as compared to other material.
By geography, North America is projected to be the fastest growing region in terms of revenue. Presence of influential developed economies, the presence of service and manufacturing industries is anticipated to accelerate the industrial gloves market in the region. Moreover, strict government norms and regulations regarding safety of workers in the industries are anticipated to boost the industrial gloves market positively. Europe industrial gloves market is anticipated to witness huge demand in the near future owing to stringent safety rules by regulating authorities and government organization. The Asia Pacific is the key industrial gloves supplier owing to the easy availability of raw material. Countries like Indonesia, Thailand, and Malaysia are the chief producers of industrial gloves which are exported to Europe and North America by the key manufacturers in the region. The Middle East and Africa region are projected to grow during the forecast period due to the growing oil industries. However, less attention towards safety norms regarding workers safety may restrain the market growth in the region.
Some of the chief players have been focusing on product improvement, superior performance, research & development, and improving the quality and features of the product in order to hold their ascendancy in the market. Some of the major players in the industrial gloves market are Ansell Ltd., 3M Corporation, Holding Towa Corporation, Honeywell Safety Products, Semperit A.G. Holding, Showa Group, MSA Safety, and E.I. DuPont De Nemours and Company, among others.
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