SAN FRANCISCO, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Global Industrial Gloves Market Report, published by Variant Market Research, forecast that the global market is expected to reach $9 billion by 2024 from $4 billion in 2016; growing at a CAGR of 8.6% from 2016 to 2024. Industry gloves aids to protects workers hands, fingers, nails, wrist from injury, various infection, hazards chemicals, dust and among others. Industrial gloves are available in various material and size thereby gloves are comfortable to employee in manufacturing area while working. Industry gloves are widely used in numerous sectors such as manufacturing, healthcare, laboratory, chemicals, and others.
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Increasing demand for safety and hygiene at workplaces to drive the industrial gloves market
The factors supporting growth of the market are demand for safety and hygiene at workplaces, industrialization, and rules & regulations supporting the use of protective gears at workplaces. However, availability of substandard products and variations in raw material prices may hamper the growth of the market. Additionally, increasing R&D for product innovations and initiatives taken by government organizations would provide growth opportunities during the forecast periods.
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Market Segmentation
Product type, material type, application, and geography are the major segments of global industrial gloves market. The product type segment is bifurcated into disposable gloves and re-usable gloves. Material type segment includes nitrile, rubber, vinyl, polyethylene, neoprene, and others. Application segment can be segregated into chemicals, pharmaceuticals, healthcare, food, manufacturing and others. Based on geography, the global industry gloves market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Disposable gloves accounted for the largest market share in the product type segment
Disposable gloves accounted for the largest market share in 2016, and are expected to continue its dominance during the forecast period 2016-2024. Disposable gloves are durable and used for high performance in manufacturing sector. In hospitals, and clinics, disposable gloves are widely used to avoid risk of mucous membranes, blood, and other physical fluids.
Pharmaceuticals and chemicals applications dominated the applications segment
Pharmaceuticals and chemicals applications dominated the applications segment and expected to maintain their dominance over the forecast period.
Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period
Asia-Pacific is expected to attain the fastest CAGR of 9.6% during the forecast period 2016-2024, driven by the expanding industrialization in the countries such as India and China among others. North America held the largest market share of 37.4% in 2016, owning to rise in the number of accidents and stringent regulations regarding worker safety.
Competitive Landscape
Southern Glove, Inc., adopted new product launch as a business strategy to sustain in the competitive scenario. For instance, in January 2016, Southern Glove, Inc., announced Arctic Gripper thermal glove, a new protective glove to deliver warmth, comfort and dexterity under cold or icy working conditions. The major key players operating in the market are Southern Glove, Inc., Honeywell Safety Products, 3M Corporation, Showa Group, Ansell Ltd., Bacou-Dalloz, Inc., MSA Safety, Westchester Holdings, Inc, Lakeland Industries, Inc., Protective Industrial Products Inc., Liberty Gloves & Safety, Inc., and Towa Corporation, among others.
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Scope of Industrial Gloves Market
Product Type Segments
- Re-Usable Gloves
- Disposable Gloves
Applications Segments
- Healthcare
- Pharmaceuticals
- Food
- Manufacturing
- Chemicals
- Others
Material Type Segments
- Nitrile
- Vinyl
- Neoprene
- Rubber
- Polyethylene
- Others
Geography Segments
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Others
- Asia-Pacific
- India
- Japan
- China
- Others
- RoW
- South America
- Middle East
- Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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