North America Dominated The Global Industrial Gloves Market With Highest Market Share


Posted November 6, 2017 by manojkumkar

Global Industrial Gloves Market is estimated to reach $9 billion by 2024; growing at a CAGR of 8.6% from 2016 to 2024.

 
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. Major factors supporting growth of the industrial gloves market are industrialization, demand for safety and hygiene at workplaces, and rules & regulations supporting the use of protective gears at workplaces. Though, 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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Global industrial gloves market has been bifurcated into product type, material type, application, and geography. The product type comprises disposable gloves and re-usable gloves. 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. Material type segment includes nitrile, vinyl, polyethylene, rubber, neoprene, and others. Application segment can be segregated into chemicals, pharmaceuticals, healthcare, food, manufacturing and others. Pharmaceuticals and chemicals applications dominated the applications segment and expected to maintain their dominance over the forecast period.

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North America, Europe, Asia-Pacific and Rest of the World (RoW) are the key regions covered in the global industrial gloves market. Asia-Pacific is expected to attain the fastest CAGR of 9.6% during the forecast period 2016-2024. The growth is attributed to 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.

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The major key players operating in the market are Lakeland Industries, Inc., Southern Glove, Inc., Protective Industrial Products Inc., Honeywell Safety Products, Showa Group, Ansell Ltd., 3M Corporation, Bacou-Dalloz, Inc., MSA Safety, Westchester Holdings, Inc, Liberty Gloves & Safety, Inc., and Towa Corporation, among others.

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
o US
o Canada
o Mexico

• Europe
o Germany
o U.K.
o France
o Italy
o Others

• Asia-Pacific
o India
o Japan
o China
o Others

• RoW
o South America
o Middle East
o 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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Issued By Manoj Kumkar
Website Variant Market Research
Phone +1-415-680-2785
Business Address 649 Mission St, 5th Floor, San Francisco, CA 94105,United States
Country United States
Categories Consumer
Tags forecast , outlook , size , trend
Last Updated November 6, 2017