Global Industrial gloves Market is Estimated to Reach $10.2 Billion by 2025

   2019-09-09       119        Business
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Global Industrial Gloves Market size is projected to be valued $10.2 Billion by 2025; with a CAGR of 8.6% from 2017 to 2025.

Global industrial gloves market report published by Accurize Market Research forecast that the global market is expected to reach $10.2 billion by 2025; growing at a CAGR of 8.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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An upsurge in awareness for safety and hygiene at workplaces across the globe to drive the growth of the market

Growing awareness for safety and hygiene at workplace fuels the demand for the global industrial gloves market. Moreover, rapid industrialization and rules & regulations supporting the use of protective gears at workplaces also boost the growth of the market.

Market Segmentation

The global industrial gloves market has been bifurcated on the basis of product type, application, material type, and geography. By product type, it is further segmented into re-usable gloves and disposable gloves. Applications can be segmented into pharmaceuticals, food, healthcare, chemicals, manufacturing, and others. Furthermore, material types are segmented into rubber, nitrile, vinyl, neoprene, polyethylene, and others.

By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, U.K., France, Italy, and others. Asia-Pacific covers India, Japan, China, and others. Rest of the World (RoW) covers South America, the Middle East, and Africa.

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“Disposable gloves accounted for the largest market share in the product type segment", says Accurize

By product type, the disposable glove accounted for the largest market share in 2017 and is likely to continue its dominance during the forecast period 2017-2025. Moreover, by application, the market is segmented as pharmaceuticals, food, healthcare, chemicals, manufacturing, and others. Pharmaceuticals and chemicals dominated the applications segment accounting about 26.3% and 25.1% respectively in 2017.

“North America dominated the global market with the highest market share over the forecast period", says Accurize

In 2017, North America accounted for the largest market share of 37.4%, owing to an increase in the number of accidents and stringent regulations regarding worker safety. Europe accounted for the second-largest market share of 29.6%. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of 9.6% during the forecast period 2017-2025, owing to the rapid industrialization and expansion of railways in the countries such as India and China among others.

Top players in the market

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

 



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