The modern-day document posted via Report Ocean, titled “Industrial Gloves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global industrial gloves market was valued at $6.9 billion in 2019, and is projected to reach $14.8 billion by 2027, growing at a CAGR of 10.4% from 2020 to 2027. Industrial gloves are used as a personal protective equipment in various industries such as automotive, food, and healthcare, to ensure worker’s safety and maintain sanitary conditions at work places. These gloves help to avoid cross contamination and exposure to particulate matter during the manufacturing process across various industries. The industrial gloves can be disposable as well as reusable on the basis of requirement of specific work environment. The reusable gloves are generally thicker and are used in harsher work environment, whereas the disposable gloves are usually used in product protection and milder work environment. Due to the harsh work environment the threat of injury to the hands of the workers has been increased significantly, thus creating an impending need for industrial gloves. Industrial gloves including reusable and disposable gloves have addressed this need as they offer hand protection and product protection, respectively.
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The increase in awareness about work safety, rise in variety of threats to the personnel, rapid developments in food processing industry, and rise in demand for high dexterity gloves, are some of the key factors that drive the growth of the global industrial gloves market during the forecast period. In addition, the outbreak of epidemics such as swine flu, resulting in increased use of gloves in product protection applications significantly fosters the growth of the industrial gloves market.
However, factors restraining the market growth include availability of local & inexpensive gloves and lack of awareness regarding usage of industrial gloves. The implementation of innovated technologies is expected to offer better growth prospects for the growth of the industrial glove market in the future.
The global industrial gloves market size is segmented into usability, material, end-user, glove type, protection and region. On the basis of usability, the market is categorized into disposable and reusable. Disposable gloves on the basis of material, the market is categorized into natural rubber, nitrile, vinyl, neoprene, polyethylene, and others. Disposable gloves on the basis of end-user, the market is classified into aerospace, disk drives, flat panels, food, hospitals, medical devices, pharmaceuticals, semiconductors, and others. Reusable gloves on the basis of glove type, the market is categorized into dipped gloves, knitted gloves, supported knitted gloves, and others.
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Reusable gloves on the basis of protection, the market is categorized into general purpose/mechanical protection, chemical/liquid protection, and product protection. Reusable gloves on the basis of end-user, the market is divided into machinery, oil & gas, metal fabrication, automotive, chemical, construction, plane manufacturing, food processing, office building cleaners, healthcare, and others. By region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players analyzed in this report are Top Glove Corporation Berhad, Hartalega Holdings, Kossan Rubber Industries Bhd, Riverstone Holdings Limited, Careplus Group Berhad, Supermax Corp., Ansell Healthcare, SHOWA, Inc., Honeywell International Inc., and Semperit AG Holding.
COVID-19 Analysis:
– The demand for industrial gloves across China and India is expected to increase as COVID-19 pandemic is receding slowly in these countries and government is now lifting the lockdown to start the industrial activities.
– Polyethylene disposable gloves are used in grocery retail stores to handle the grocery items and to avoid physical contact with the customers. The demand for polyethylene disposable gloves is expected to increase significantly during the lockdown as governments of various countries has allowed small and medium grocery retailers to continue their businesses and has kept them under the essential services category.
– The demand for disposable industrial gloves from the food industry is expected to increase considerably as governments of many countries has put food industry under essential services category. The demand for disposable gloves will continue to grow even after the restrictions are lifted.
– The pharmaceutical industry is expected to boom significantly during the COVID-19 pandemic as huge investment have been made by the governments of both developed and developing countries to develop vaccine for COVID-19. This is also expected to surge the demand for disposable gloves to be used while manufacturing of medicines to avoid cross contamination, and to be used by the researchers working on developing the vaccines.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
– The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
– The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
– By Usability
– Disposable
– Reusable
– By Material (Disposable)
– Natural Rubber
– Nitrile
– Vinyl
– Neoprene
– Polyethylene
– Others
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– By End-User (Disposable)
– Aerospace
– Disk Drives
– Flat Panels
– Food Industry
– Hospitals
– Medical Devices
– Pharmaceuticals
– Semiconductors
– Others
– By Protection (Reusable)
– General purpose/ Mechanical protection,
– Chemical/ Liquid Protection
– Product Protection
– By Glove Type (Reusable)
– Dipped Gloves
– Knitted Gloves
– Supported Knitted Gloves
– Others
– By Application (Reusable)
– Machinery
– Oil & Gas
– Metal Fabrication
– Automotive
– Chemical
– Construction
– Plane Manufacturing
– Food Processing
– Office Building Cleaners
– Healthcare
– Others
– By Region (Disposable & Reusable)
– North America
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o France
o Turkey
o Russia
o Rest of Europe
– Asia-Pacific
o China
o Japan
o South Korea
o India
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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