Global Industrial Gloves Market Accounted for Progressive Growth at CAGR of 10.4% during Forecast 2017 – 2024

Published on : May 30, 2018

Albany, New York, May 30, 2018: Market Research Hub (MRH) has recently updated its massive research catalog by publishing a new study, titled “Industrial Gloves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2024”. This 108-page detailed study highlights several aspects of industrial gloves to cover the global market expansively. Moreover, in the study, factors influencing the dynamic growth of the global industrial gloves market have been addressed. In addition, drivers, restraints, trends and growth opportunities have been disclosed. This report further presents the value (US$ Mn) and volume (MT) forecasts of the global industrial gloves market for the period 2017 to 2025.

Presently, there are many industries throughout the world that should be using some type of hand gloves of one type or another. Burgeoning growth across the industries of pharmaceutical, chemicals, and food & beverages in the past few years has led to a substantial rise in the global demand for a variety of industrial gloves. In this study, considering various factors analysts has detected that the global industrial gloves market will expand at a healthy 10.4% CAGR over the period between 2017 and 2024. At this pace, the market will upswing from a valuation of US$5.50 billion in 2017 to US$11.01 bn by 2024.

Geographical Overview

Geographically, the research study broadly categorizes the global industrial gloves market into North America, Europe, Latin America, Asia Pacific and the Middle East and Africa (MEA). In order to provide an insight into the current and expected demand for industrial gloves, the study also analyzes the market on the basis of the current and forthcoming trends in each of the regions.

The market for industrial gloves in the Asia Pacific is predicted to be promising over the forecast period. As per the research prime findings, increase in stringent worker safety mandates in this region is also expected to contribute to the fast growth of the region. In terms of applications, the analyst observes that the food and beverage industry will be the largest market shareholder. The food and beverage industry requires strict hygiene standards and could prove to be a significant market driver.

Apart from the above elements, the study has segmented the global market for industrial gloves based on major types, material type, application and country-wise segmentation. Industrial gloves market is segmented by type into disposable and reusable gloves. Usage of reusable gloves adds the extra task to the operational schedule of a workplace due to their proper decontamination and safe storage between uses. Due to this, demand for disposable gloves estimated to remain high during the forecast period. By material type, the study covers Rubber, Polyethylene, Nitrile, Vinyl, Neoprene and others.

In the later part, the report contains details about the competitive landscape of the market. Some of the major players profiled in the global Industrial gloves market are Ansell Ltd., Protective Industrial Products Inc., Semperit A.G. Holding, E.I. DuPont De Nemours, Honeywell Safety Products, MSA Safety, Semperit A.G. Holding, 3M Corporation, Towa Corporation, and Company, Showa Group, Hartalega Sdn. Bhd.

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