Asia Pacific Industrial Gloves Market to Register Formidable Growth During Forecast Period
Surging awareness regarding the
safety of workers is expected to drive the growth of Asia Pacific industrial
gloves market
According
to TechSci Research report, “Asia
Pacific Industrial Gloves Market By Product Type (Disposable Gloves, Re
Usable Gloves), By Type (Nitrile, Vinyl, Neoprene, Rubber, Polyethylene,
Others), By End User (Health, Pharmaceutical, Food, Manufacturing, Chemicals,
Mining, Oil & Gas), By Purpose (Multi-Purpose, Cut Protection, Oil
Repellent, Thermal [Arc Flash] Protection, Special Protection, Others), By Country,
Competition, Forecast & Opportunities, 2025”,
Asia Pacific industrial gloves market is expected to witness formidable CAGR during
the forecast period. Growing awareness regarding the benefits of using industrial
gloves from protection against harmful chemicals, cuts, among others, is one of the major factors accounting
for the growth of Asia Pacific industrial gloves market.
Moreover, favorable regulatory scenario in order to reduce the occupational
risk across numerous industries is expected to bode well for the growth of Asia
Pacific industrial gloves market through the forecast period. In addition to
this, surging product demand from various end user industries, is expected to positively
influence the growth of Asia Pacific industrial gloves market in the years to
come. Also, number of accidents in workplaces has increased, which in turn is
projected to fuel the demand for industrial gloves, thereby making headway for
the growth of Asia Pacific industrial gloves market. Along with this, these
gloves are cut resistant, have long usable life and offer a firm grip. These
factors are anticipated to surge the demand for industrial gloves during the
next five years. However, there are some factors that might act as major
impediments to the growth of Asia Pacific industrial gloves market through 2025
including existence of the unorganized sector in the industry.
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Asia
Pacific industrial gloves market can be segmented based on product type, type,
end user, purpose, company, and region. In terms of product type, the market is
categorized into disposable and reusable. Out of which, the disposable segment
is forecast to grow at a high CAGR in the years to come, owing to increased
precautionary measures as it prevents cross contamination. Based on type, the
market can be categorized into, nitrile, vinyl, neoprene, rubber, polyethylene
and other. Out of these, rubber gloves segment dominated the market in terms of
largest market share during the forecast period and is expected to maintain its
leading position the market during the forecast period as well. This can be
ascribed to the fact that these gloves are widely used in the food &
beverage industry. Along with this, it finds its application in the chemical
industry as well, which is further boosting the growth of this segment across
the region.
Honeywell International Inc., 3M
Corporation, Globus (Shetland) Ltd, Top Glove Corporation Bhd, Ansell Ltd, MSA
Safety, MAPA Professional, Towa Corporation, Southern Glove Inc., Protective
Industrial Products Inc, Riverstone Holdings Limited, ATG Sitec GmbH, Hartalega
Holdings Berhad, Westchester Holdings Inc, Bacou-Dalloz, Inc are
among others are the leading players operating in Asia Pacific industrial
gloves market. The players are adopting several growth strategies to enhance
the market scenario of industrial gloves. Other competitive strategies include
product launches; mergers & acquisitions; agreements, partnerships, and
collaborations; and expansions to diverse their product portfolio in order to
strengthen their market position.
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“Asia Pacific industrial gloves market is forecast to witness significant
growth until 2025 on account of stringent government rules and regulations on
industrial safety. Furthermore, favorable regulations regarding health security
coupled with rising presence of various service and manufacturing industries in
the region is also contributing to the growing trend. Additionally, easy
availability of natural rubber in the region is leading to increased buying
power, which is anticipated to boost the market growth in the coming years”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Asia Pacific Industrial Gloves Market By Product
Type (Disposable Gloves, Re Usable Gloves), By Type (Nitrile, Vinyl, Neoprene,
Rubber, Polyethylene, Others), By End User (Health, Pharmaceutical, Food,
Manufacturing, Chemicals, Mining, Oil & Gas), By Purpose (Multi-Purpose,
Cut Protection, Oil Repellent, Thermal [Arc Flash] Protection, Special
Protection, Others, By Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Asia
Pacific industrial gloves market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in Asia Pacific
industrial gloves market.
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