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Published Date: 2017-04-06Number of Pages: 73

Industrial Gloves Market (Product - Disposable Gloves and Re-Usable Gloves; Material - Rubber/Latex, Nitrile, Vinyl, Neoprene, and Polyethylene; Application - Pharmaceuticals, Food Healthcare, Chemicals, and Manufacturing) - Asia Pacific Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Asia Pacific Industrial Gloves Market: Snapshot

Considering industrialization witnessed in Asia Pacific over the last few decades, the demand for industrial gloves has soared higher than ever. The region has emerged as a lucrative market for a majority of the leading manufacturers, as they target capitalizing on untapped opportunities across developing nations. Besides this, the fact that the leading players in the rubber industry are domiciled in Asia Pacific has catapulted the region at the fore of the overall industrial gloves market. As workers operating in the rubber industry are often exposed to hazardous environment, wearing industrial protective gears is imperative for them. Growth witnessed in the region’s rubber industry will therefore give significant impetus to its industrial gloves market. This also entails volatility witnessed in the demand for rubber will subsequently have a negative impact on the Asia Pacific industrial gloves market.

Moreover, stringent regulations have compelled industries to invest in industrial protective gears, thus creating opportunities for the Asia Pacific industrial gloves market. Exhibiting a CAGR of 7.6%, the Asia Pacific industrial gloves market is forecast to reach US$1.25 bn by the end of 2025. The market’s valuation was US$0.66 bn in 2016.

asia pacific industrial gloves market

Disposable Gloves to Remain High in Demand on Account of their Low Price

Based on product, the dominance is expected to be with the disposable gloves segment through the course of the forecast period. It held nearly 75.4% of the Asia Pacific industrial gloves market in 2016. Manufacturing cost for the same is low compared to its re-usable counterparts. This is a key factor contributing towards the segment’s growth, as it allows producers to maintain a lower price point thus attracting a large number of consumers.

Based on materials, rubber dominated the industrial gloves market in 2016 and is expected to remain the lead through the forecast period. Rubber gloves, also known as latex gloves are natural material which is made from rubber. Some of the key attributes of rubber gloves include its proper fitting, high level of touch sensitivity, good for wearing for a long period of time, durable against high-risk situations that involves infectious materials, cost effective, bio-degradable, and has a high level of elasticity among others. However, rubber has several adverse effects on human health such as irritant dermatitis, which is not considered extremely dangerous if neglected. It can cause cracks in the skin through which latex particles infiltrate, thus creating latex allergies on the individual. Delayed cutaneous hyper sensitivity is another effect caused due to extensive use of rubber/latex gloves which is manifested within 6 to 48 hours post exposure to latex particles. Due to these factors, this particular material is expected to lose demand in the future.

Based on application, chemicals and pharmaceuticals accounted for the dominant share in 2016. Both industries are expected to maintain their respective positions throughout the forecast period. Workers in chemicals as well as pharmaceutical industries are exposed to hazardous chemicals and thus require high quality industrial protective gears. Also governments keep a strict vigil on these industries to ensure workers’ health and safety. Spurred by this, the market is expected to witness high demand for industrial gloves from chemicals and pharmaceutical industries.

Malaysia to Remain Most Lucrative Market for Industrial Gloves in Asia Pacific

By country, Malaysia has emerged as the most lucrative market for industrial gloves in Asia Pacific. It held over 49.9% of the market in 2016. The country is expected to remain dominant through the forecast period. The flourishing rubber industry will support growth of the industrial gloves market in Malaysia in the coming years. Besides this, China and Thailand are expected to hold considerable share in the market. Industrialization witnessed in these nations will drive the industrial gloves market.

Some of the leading players operating in the Asia Pacific industrial gloves market are Top Glove Corporation Bhd, Hartalega Sdn Bhd, and Kossan Rubber Industries among others

Chapter 1 Preface
1.1 Report Scope and Market Segmentation 
1.2 Research Highlights

Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology

Chapter 3 Executive Summary
3.1 Market Snapshot

Chapter 4 Market Overview
4.1 Market Introduction and Key Trends Analysis
4.2 Market Drivers and Restraints Snapshot Analysis
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunities
4.3 Asia Pacific Industrial Gloves Market, Market Attractiveness Analysis, by Material, 2017
4.4 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)

Chapter 5 Asia Pacific Industrial Gloves Market Analysis, 2017-2025, by Product
5.1 Type Overview
5.2 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Product, 2016 & 2025
5.3 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Product, 2016 & 2025
5.4 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, by Product, 2016-2025

Chapter 6 Asia Pacific Industrial Gloves Market Analysis, 2017-2025, by Material
6.1 Type Overview
6.2 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Material, 2016 & 2025
6.3 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Material, 2016 & 2025
6.4 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, by Material, 2016-2025

Chapter 7 Asia Pacific Industrial Gloves Market Analysis, 2017-2025, by Application
7.1 Type Overview
7.2 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Application, 2016 & 2025
7.3 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Application, 2016 & 2025
7.4 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, by Application, 2016-2025

Chapter 8 Asia Pacific Industrial Gloves Market Analysis, 2017-2025, by Country
8.1 Country Overview
8.2 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Country, 2016 & 2025
8.3 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Country, 2016 & 2025
8.4 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, by Country, 2016-2025

Chapter 9 Competition Landscape
9.1 Asia Pacific Industrial Gloves Market: Market Position of Leading Players, 2016 (%)
9.2 Top Glove Corporation Bhd.
      9.2.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.2.2. Overview
      9.2.3. Financial Information (Revenue and Y-o-Y Growth (%))
      9.2.4. SWOT analysis
      9.2.5. Business Strategy
9.3 Hartalega Sdn Bhd
      9.3.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.3.2. Overview
      9.3.3. Financial Information (Revenue and Y-o-Y Growth (%))
      9.3.4. SWOT analysis
      9.3.5. Business Strategy
9.4 Kossan Rubber Industries Sdn Bhd
      9.4.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.4.2. Overview
      9.4.3. Financial Information (Revenue and Y-o-Y Growth (%))
      9.4.4. SWOT analysis
      9.4.5. Business Strategy
9.5 Supermax Corporation Bhd
      9.5.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.5.2. Overview
      9.5.3. Financial Information (Revenue and Y-o-Y Growth (%))
      9.5.4. SWOT analysis
      9.5.5. Business Strategy
9.6 3M Company
      9.6.1. Company Details (HQ, Foundation Year, Employee Strength)
      9.6.2. Overview
      9.6.3. Financial Information (Revenue and Y-o-Y Growth (%))
      9.6.4. SWOT analysis
      9.6.5. Business Strategy

List of Figures

Figure 1 Asia Pacific Industrial Gloves Market, Market Attractiveness Analysis, by Material, 2017
Figure 2 Asia Pacific Industrial Gloves Market, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 3 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Product, 2016 & 2025
Figure 4 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Product, 2016 & 2025
Figure 5 Asia Pacific Industrial Gloves Market for Disposable Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 6 Asia Pacific Industrial Gloves Market for Re-Usable Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 7 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Material, 2016 & 2025 (%)
Figure 8 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Material, 2016 & 2025 (%)
Figure 9 Asia Pacific Industrial Gloves Market for Rubber/Latex Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 10 Asia Pacific Industrial Gloves Market for Nitrile Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 11 Asia Pacific Industrial Gloves Market for Vinyl Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 12 Asia Pacific Industrial Gloves Market for Neoprene Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 13 Asia Pacific Industrial Gloves Market for Polyethylene Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 14 Asia Pacific Industrial Gloves Market for Other Gloves, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 15 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Application, 2016 & 2025 (%)
Figure 16 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Application, 2016 & 2025 (%)
Figure 17 Asia Pacific Industrial Gloves Market in Pharmaceutical Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 18 Asia Pacific Industrial Gloves Market in Food Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 19 Asia Pacific Industrial Gloves Market in Healthcare Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 20 Asia Pacific Industrial Gloves Market in Chemicals Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 21 Asia Pacific Industrial Gloves Market in Manufacturing Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 22 Asia Pacific Industrial Gloves Market in Others Sector, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 23 Asia Pacific Industrial Gloves Market, Revenue Share Analysis, by Country, 2016 & 2025(%)
Figure 24 Asia Pacific Industrial Gloves Market, Volume Share Analysis, by Country, 2016 & 2025(%)
Figure 25 Asia Pacific Industrial Gloves Market in India, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 26 Asia Pacific Industrial Gloves Market in Japan, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 27 Asia Pacific Industrial Gloves Market in China, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 28 Asia Pacific Industrial Gloves Market in Malaysia, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 29 Asia Pacific Industrial Gloves Market in Thailand, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 30 Asia Pacific Industrial Gloves Market in Indonesia, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 31 Asia Pacific Industrial Gloves Market in Rest of Asia Pacific, Revenue and Volume Forecast, 2016-2025 (USD Billion and Billion Pairs)
Figure 32 Market Share Analysis of the Leading Players Operating in the Industrial Gloves Market in Asia Pacific, 2016 (%)

Asia Pacific Industrial Gloves Market: Overview

Industrial gloves are used to protect the hands of the workers from being damaged from exposure to heat, corrosive materials and various types of harmful chemicals. Several industries work with hazardous chemicals, and corrosive materials that can severely damage the hands of the workers. Industrial gloves find major application in industries such as pharmaceuticals, healthcare, food, chemicals and various others. Additionally, apart from protection, these gloves are designed to provide superior comfort to the wearers. Further, these gloves do not reduce the sensitivity or agility that is required while working.

Several types of gloves find application in the industries that require the usage of personal protective equipment. Disposable gloves find major application in industries such as healthcare, pharmaceuticals and food among others. Such gloves are made of nitrile, a material which is highly durable against acids, oils and greases.

The Asia Pacific industrial gloves market has been segmented on the basis of product, material, application and country. The report provides the current market size in terms of revenue and volume (USD Billion and Billion Pairs) and anticipates its status over the forecast period.

The report also analyzes factors driving and inhibiting growth of the industrial gloves market. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate strategies accordingly.

Asia Pacific Industrial Gloves Market: Trends and Opportunities

High production of gloves in Asia Pacific is the key factor complementing the growth of the market. Malaysia is the frontrunner for the production of industrial gloves market in Asia Pacific. Malaysia’s dominance in this market is majorly due its natural rubber resources and constant support from the country’s government to industrialize natural resources and implement competitive advantages, which has allowed the country to attain the maximum market share in terms of production. Further, Malaysia has developed a manufacturing sector which can leverage its natural resources to form a competitive advantage. Major manufacturers of industrial glove such as Kossan Rubber Industries, Hartalega Sdn Bhd. and Top Glove Co. are based in Malaysia. There are more than 100 glove factories in the country, out of which 60 are located in Selangor. Other key provinces such as Perak, Negri Sembilan, Penang and Johor, hosts a number of manufacturing units for industrial gloves.

Further, the rubber industry in Malaysia is a major industry among the twelve national key economic area sectors. Since the country is the major producer of latex/rubber gloves, the government also offers special benefits such tax breaks and lowered gas prices. Reduced gas prices are imperative since the cost of gas accounts for roughly 15% of the manufacturing cost of rubber gloves.

Asia Pacific Industrial Gloves Market: Segmentation by Product

The market has been classified on the basis of product into re-usable gloves and disposable gloves where the latter dominated the market both in terms of revenue and volume. Disposable gloves find major application in pharmaceuticals, chemicals, healthcare and food industry. Increasing incidences of pandemic diseases such as swine flu (H1N1) is one of the major factors fuelling the demand for disposable gloves across the globe. Further, the need for prevention of fatal infections/ control aids is another major factor driving the growth of disposable gloves market. Disposable gloves are imperative in medical environments, especially in the operating room. Several pairs of surgical gloves are used in a single surgical case and owing to the rising number of surgeries across the globe, the disposable gloves market is expected to witness a rapid growth in during the forecast period.

Re-usable gloves are primarily used in industries such as construction, transportation, manufacturing, oil and gas and several others. The usage of industrial gloves as a personal protective equipment is relatively low as compared to the other PPE products. Moreover, re-usable gloves find minimal application in the application segment of industrial segment. Re-usable gloves are more durable than its counterpart as they are designed for heavy usage to prevent accidents such as cuts, electrocution and several other injuries.

Asia Pacific Industrial Gloves Market: Other Key Segments

On the basis of material, the market has been classified into rubber/latex, nitrile, vinyl, neoprene, polyethylene and others. The others segment are inclusive of cotton, aluminum, leather, butyl and various others. Rubber and nitrile dominated the market both in terms of revenue and volume in 2016 and is expected to maintain a similar trend throughout the forecast period.

On the basis of application, the market has been classified into pharmaceuticals, healthcare, food, chemicals, manufacturing and others. Further, on the basis of country, the market has been segmented on the basis of county into India, China, Japan, Malaysia, Indonesia, Thailand and Rest of Asia Pacific. Malaysia and Thailand accounted for the major market share in 2016 and both countries are expected to retain their positions throughout the forecast period.

Companies Mentioned in Report

Some of the key players operating in this industry include Top Glove Corporation Sdn Bhd, Kossan Rubber Industries Bhd., Hartalega Sdn Bhd, Supermax Corporation Bhd and 3M Company.

The report segments the industrial gloves market as:

Asia Pacific Industrial Gloves Market, by Product:

  • Disposable Gloves
  • Re-Usable Gloves

Asia Pacific Industrial Gloves Market, by Material:

  • Rubber/Latex
  • Nitrile
  • Vinyl
  • Neoprene
  • Polyethylene
  • Others

Asia Pacific Industrial Gloves Market, by Application:

  • Pharmaceuticals
  • Food
  • Healthcare
  • Chemicals
  • Manufacturing
  • Others

Asia Pacific Industrial Gloves Market, by Country:

  • India
  • China
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of Asia Pacific


 
 
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