Press release
Asia Pacific Industrial Gloves Market to be dominated by China During the Forecast Period
According to TechSci Research report, “Asia Pacific Industrial Gloves Market Product Type (Disposable Gloves, Re Usable Gloves), By Type (Nitrile Rubber, Latex(Natural Rubber), Vinyl Rubber, Neoprene Rubber, Polyethylene, Butyl Rubber, Others), By End User (Health Care, Pharmaceutical, Food & Beverages, Manufacturing, Chemicals & Petrochemicals, Mining Including Oil & Gas, Others), 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 was valued USD 1048.04 Million in 2019 and is forecast to grow at CAGR of 7.46% to reach USD 1531.77 Million by 2025. Many countries in Asia Pacific have a high prevalence of occupational disease. In China, more than 25 million workers were exposed to occupational hazards in 2019. As per data published by the Indian Ministry of Health (MoH), almost 2 million companies are associated with hazardous materials or working conditions. All major manufacturing companies are putting employee well-being ahead of productivity issues and have come up with usage of personal protective equipment including safety gloves. Thus, role of hand protection providers extends beyond product recommendations. Glove manufacturers are working closely with customers to meet specific customer and to build long term relationships.
On account of trade wars and global pandemic outbreak in China, a rising number of manufacturing companies are increasing focusing on shifting production to South East Asian countries such as India, Vietnam, Myanmar and the Philippines. Governments of these emerging nations are offering attractive incentives to move out of China and set up domestic production facilities. Consequently, industrial gloves manufacturers have a huge potential sales opportunity in these emerging nations as upcoming local manufacturing setups will create a new labor workforce domestically, which will subsequently increase demand for industrial gloves in the region.
Browse 93 market data Figures spread through 150 Pages and an in-depth TOC on" Asia Pacific Industrial Gloves Market "
https://www.techsciresearch.com/report/asia-pacific-industrial-gloves-market/4937.html
Asia Pacific industrial gloves market can be segmented based on product type, type, end user, purpose, company, and region. Multi-Purpose segment garnered around 32.78% share in Asia-Pacific industrial gloves market in 2019 and is expected to maintain its dominance during forecast period. Utilization of multi-purpose industrial gloves for a wide range of applications across sectors such as mining, construction, automotive, assembling plants, heavy machinery equipment, and industrial handling & packaging is boosting the growth of the segment in industrial gloves market.
Industry expansion has broadened the range of hazards from which safety gloves need to protect workers. They include metal cuts, hazardous chemicals, high temperatures, mechanical hazards, electric shock, radiation, and microbial contamination. These multi-purpose gloves can serve as a complete solution for all the listed hazards.
Ansell Limited, Honeywell International Inc., Showa Glove Co., Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Mapa Professional, 3M Co., Towa Corporation, MSA Safety Incorporated, White Glove Co.Ltd., Midas Safety Inc, Corporate Station Bangladesh and Nacol Industrial Company Limited, among others are the leading players operating in Asia Pacific industrial gloves market. With growing demand for industrial gloves in various end user applications such as manufacturing, chemical sector, healthcare, oil & gas, etc, companies have started investing in expanding manufacturing facilities. For instance, Top Glove Corporation Bhd has set plans for 2021 to introduce 150 production lines with 17.7 billion gloves capacity . Further, the company announced to commence nitrile gloves production at newly launched facility in Thailand by 4th quarter of 2020. The facility has 28 new production lines with production capacity of 3.5 billion pieces of gloves per year when fully operational. Further, Kossan Rubber Industries Bhd plans to allocate USD350 million to set up a new gloves manufacturing plant in Bidor, Perak, which is estimated to be completed by 2023.
Download sample report @ https://www.techsciresearch.com/sample-report.aspx?cid=4937
customers can also request for 10% free customization on this report.
“South East Asian countries such as India and Vietnam are anticipated to register higher CAGRs of more than 8% during forecast period. The growth of South East Asian industrial gloves market is attributed to factors such as growing automobiles and electronics sectors. Growth in manufacturing sector is boosting economies in these countries, as well as augmenting demand for industrial gloves. Additionally, amidst global pandemic, US-China trade war and border tensions between India and China, are driving industries away from China and shift towards South East Asian countries. Setting up of industries in these countries will create an employment for local people, which will boost demand for industrial gloves in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia Pacific Industrial Gloves Market Product Type (Disposable Gloves, Re Usable Gloves), By Type (Nitrile Rubber, Latex(Natural Rubber), Vinyl Rubber, Neoprene Rubber, Polyethylene, Butyl Rubber, Others), By End User (Health Care, Pharmaceutical, Food & Beverages, Manufacturing, Chemicals & Petrochemicals, Mining Including Oil & Gas, Others), 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.
Browse Related Reports
Global Protective Gloves Market, By Type (Reusable and Disposable), By Material (Latex, Leather, Neoprene, Nitrile, Vinyl and Others), By Application (Chemical, Thermal, Mechanical, Biological and Others), By End-Use Industry (Food & Beverage, Manufacturing, Healthcare, Oil & Gas, Construction and Others), By Company and By Geography, Forecast & Opportunities, 2024
https://www.techsciresearch.com/report/protective-gloves-market/2787.html
Global Touchfree Intuitive Gesture Control Market, By Region (North & South America, APAC, Europe and Middle East & Africa), By Technology (Vision based & Glove based), By End User, Competition Forecast & Opportunities, 2010 – 2020
https://www.techsciresearch.com/report/Global-touchfree-intuitive-gesture-control-market-by-region-north-south-america-apac-europe-and-middle-east-africa-by-technology-vision-based-glove-based-by-end-user-competition-forecast-opportunities-2010-2020/607.html
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia Pacific Industrial Gloves Market to be dominated by China During the Forecast Period here
News-ID: 2220955 • Views: …
More Releases from TechSci Research
India Dental Consumables Market: Analyzing the Key Segments and an 8.22% CAGR
The Foundation: Market Overview & Key Figures
Imagine a world where the simple act of a smile is a luxury, where toothaches are an accepted part of life. For many people in India, this has been the reality. But things are changing, and they're changing fast. The numbers tell a compelling story. According to a TechSci Research report, the India Dental Consumables Market was valued at a robust USD 234.65 million…
2030 Saudi Facility Management Market Outlook: Smart Cities Boost Demand
Market Outlook
The Saudi Arabia Facility Management Market was valued at USD 27.28 Billion in 2024 and is anticipated to reach USD 43.80 Billion by 2030, registering a strong CAGR of 8.05% during the forecast period. The market is driven by the country's growing investment in infrastructure, real estate development, and Vision 2030 initiatives aimed at diversifying the economy and enhancing public-private partnerships. The expansion of commercial and residential spaces, coupled…
Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci …
"Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving Small Arms and Light Weapons market in the forecast period 2025-2029."
According to TechSci Research report, "Small Arms and Light Weapons Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029", The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow…
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a …
TechSci Research's report on the "Global Luxury Sunglasses Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029" reveals that the market reached USD 14.86 billion in 2023, projecting a 4.2% CAGR from 2025 to 2029. This market segment thrives within the broader eyewear industry, offering high-end, premium sunglasses to discerning consumers seeking exclusivity and sophistication. Driven by evolving fashion trends, increasing disposable incomes, and growing brand consciousness, the…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
