Industrial Gloves Market will be Growing at a CAGR of 9.3% during the forecast period To 2025


Posted December 11, 2019 by johnsonpaul

The global industrial gloves market is expected to expand at a compound annual growth rate of 9.3% during the forecast period 2017–2025.

 
According to a new market report published by Credence Research, Inc., “Industrial Gloves Market — Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017–2025”, the global industrial gloves market is expected to expand at a compound annual growth rate of 9.3% during the forecast period 2017–2025.

Browse Full Report at https://www.credenceresearch.com/report/industrial-gloves-market

Market Insights

Compliance with stringent safety standards and directives is identified as one of the most influential factors driving the growth of the industrial gloves market worldwide. Some of the directives contributing towards market demand include OSHA (Occupational Safety and Health Act), National Fire Protection Association (NFPA), and the American Society for Testing and Materials (ASTM). The use of industrial gloves reduces the risk of a hand injury to work personnel and thus wearing gloves is considered as one of the cheapest and most effective injury prevention methods. In addition, a resurgence in the manufacturing sector after dwindling market conditions that were prevalent during economic instability is further fueling market momentum.

Segmentation Analysis:

As of 2015, natural rubber was the most preferred raw material used for making industrial gloves. The trend is presumed to continue as it will continue to be the most preferred material by 2025. The growth can be majorly credited to their extensive application in industrial manufacturing, healthcare, and pharmaceutical sectors. Benefits offered by the rubber in terms of elasticity and form-fitting makes them preferred options to be used in these sectors. Similarly, based on product type, the global market for industrial gloves was led by disposable gloves. Low-cost coupled with greater replacement demand is the key factor driving sales of disposable industrial gloves.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58424

Competitive Insights:

The global industrial gloves market is relatively matured but competitive. The market includes a good mix of both well-established international and regional/domestic manufacturers. Since the number of domestic and international suppliers of basic raw materials (natural rubber, vinyl, etc.) is high, the manufacturers are not dependent on a single supplier and form strong partnerships with several suppliers to ensure a continual supply of raw materials. The switching cost of manufacturers from one supplier to another is low due to less differentiation in the prices offered by the suppliers. Additionally, manufacturers also strive to maintain a good association with end-customers and try and win big contracts. Manufacturers across the globe are focusing on strengthening their marketing and distribution channels to improve their reach and product position in the market. Manufacturers compete on the basis of price, branding, and product quality. Some of the leading players identified in the research study include

Company Profiles

3M Corporation
Honeywell Safety Products
Towa Corporation
Protective Industrial Products Inc.
Ansell Ltd.
Showa Group
Semperit A.G. Holding
MSA Safety
Hartalega Sdn. Bhd
E.I. DuPont De Nemours and Company

Browse Full Report at https://www.credenceresearch.com/report/industrial-gloves-market

Report Scope by Segments

By Application Type

Healthcare & Pharmaceuticals
Food and Beverage
Oil & Gas and Chemicals
Industrial Manufacturing
Construction
Semiconductors
Others (, etc.)

By Product Type

Disposable Gloves
Re-usable Gloves

By Material Type

Natural Rubber
Vinyl
Nitrite
Neoprene
Polyethylene
Others

By End-use Application Type

Healthcare & Pharma
Oil & Gas and Chemicals
Food and Beverage
Industrial Manufacturing
Construction
Semiconductors
Others

By Geography Segment

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58424
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Last Updated December 11, 2019