Industrial Gloves Market
Industrial Gloves Market (Product - Disposable Gloves and Re-Usable Gloves; Material - Natural Rubber Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves, Polyethylene Gloves, Others; Application -Pharmaceuticals, Automotive & Transportation, Food, Oil and Gas, Mining, Chemicals, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Global Industrial Gloves Market: Snapshot
Industrial gloves are extensively used in pharmaceuticals, chemicals, food and beverage, and chemicals industry apart from other industries such as oil and gas, construction, automotive, and transportation. Workers in these industries require protective gloves to protect their hands from hazardous chemicals, cuts and abrasions, and contamination of different kinds. For example, workers in the chemical industry are more susceptible to acid spillage which could severely damage their hands due to which they require protective gloves. In the pharmaceutical sector, it is mandatory for workers to wear gloves in order to avoid contamination or cross contamination. In the food industry, it is imperative that workers wear gloves while dealing with food in order to maintain a hygienic environment.
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Additionally, increase in geriatric population and rise in many viral and other diseases worldwide is anticipated to fuel the growth of pharmaceutical and chemical industries. Aging is associated with a large number of diseases and disorders, and elderly individuals often take more time to recover from these ailments. The geriatric population is more prone to common health conditions such as diabetes, cancer, heart problems, nerve issues and organ system failure. Furthermore, extensive growth in world population is becoming a concern to feed the 7.6 billion people. Countries around the globe are paying attention to the food industry due to this scenario. Considering all these factors, impact of this driver is expected to remain high.
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The global industrial gloves market is expected to have a sales value of US$ 42.1 Bn by 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.
Polyethylene gloves have largest volume share
In terms of material, the market has been segmented in the basis of natural rubber gloves, nitrile gloves, vinyl gloves, neoprene gloves, polyethylene gloves, and others. Owing to its price, an usage across widespread industries, polyethylene gloves have largest volume share. Polyethylene gloves are made out of polymers which is synthesized from ethylene and thermoplastic that is formed into various shapes as it cools from a liquid state to a solid state. Low-density polyethylene (LDPE) is thinner, less opaque and is used to make plastic grocery bags, disposable gloves etc. Polyethylene gloves are affordable and are generally used in the food industry. However, nitrile gloves are expected to have highest growth rate during forecasted period.
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Asia Pacific to Remain Most Lucrative Market for Industrial Gloves At Global Level
By region, Asia Pacific has emerged as the most lucrative market Asia Pacific captures approximately 65% of the total global natural rubber gloves producing units. Additionally, Europe and North America regions are already having a significant growth in gloves industry. 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 global industrial gloves market are
- 3M Corporation
- Honeywell Safety Products
- Ansell Ltd.
- Lakeland Industries
- Semperit A.G.
- Showa Group
- Hartalega Sdn. Bhd.
- Dipped Products Plc.
- Uvex Group among others.
A new study on the global industrial gloves market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global industrial gloves market. TMR’s study offers valuable information about the global industrial gloves market to illustrate how the market would grow during the forecast period, 2019–2027.
Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global industrial gloves market during the forecast period.
An extensive analysis on business strategies of leading market players is also featured in TMR’s study on the global industrial gloves market. This can help readers understand principal factors to foresee growth in the global industrial gloves market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global industrial gloves market, which is expected to guide market players in making apt decisions in the future.
Key Questions Answered in TMR’s industrial gloves Market Study
- What are the key factors influencing the industrial gloves market in each region?
- What will be the CAGR of the global industrial gloves market between 2019 and 2027?
- What is the future scope and changing trends in technologies used in the global industrial gloves market?
- Which factors are expected to impede the growth of the global industrial gloves market during the forecast period?
- Which are the leading companies in the global industrial gloves market?
Research Methodology – Industrial gloves Market
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global industrial gloves market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts for the global industrial gloves market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, service managers, CEOs, VPs, and market intelligence managers who contributed to the production of TMR’s study on the industrial gloves market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from industrial gloves industry leaders. Access to an extensive internal repository and external proprietary database allows this report to address specific details and questions about the global industrial gloves market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global industrial gloves market more reliable and accurate.
The global industrial gloves market has been segmented as below:
By Product Type
- Reusable Gloves
- Disposable Gloves
By Material Type
- Natural Rubber Gloves
- Nitrile Gloves
- Vinyl Gloves
- Neoprene Gloves
- Polyethylene Gloves
- Others (PVC, Leather Gloves etc.)
By End-use Industry
- Automotive & Transportation
- Oil and Gas
- Others (Pulp and Paper, Metal fabrication etc.)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Segmentation of the Industrial Gloves Market
TMR’s study on the global industrial gloves market includes information categorized into four sections-by product, material type, end-use and region.
Changing industry trends and other crucial market dynamics associated with these sections of the industrial gloves market are discussed in detail.
Natural Rubber Gloves
Others (PVC, Leather Gloves etc.)
Automotive & Transportation
Oil and Gas
Others (Pulp and Paper, Metal fabrication etc.)
Middle East & North Africa