Press release
Global Protective Gloves Market Size, Growth Analysis Report, Forecast to 2027
The global protective gloves market is anticipated to grow at a CAGR of 8.9% during the forecast period (2021-2027). The key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. The major players offer a wide range of gloves to be used in various industries such as machinery, oil & gas, automotive, chemical, construction, food processing, healthcare, and others. For instance, in March 2019, Ansell Ltd. introduced MICROFLEXMidKnightXTRA, a nitrile glove for enhanced fentanyl protection and gastric acid. This glove is designed to protect against hazardous chemical and is one of the major advancements which will benefit chemical and oil & gas industry.(Get 15% Discount on Buying this Report)
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Further, 3M Co. provides work gloves that offer dexterity and comfort for protection and precision work while requiring extra grip in oil & gas applications and handling sharp objects. In January 2021, Ansell Ltd., a company of protection solutions, announced that it has acquired Primus Gloves and Sanera Healthcare Products, this acquisition was done to accelerate the growth of the Life science business of Ansell. Besides, Riverstone Holdings has acquired a piece of industrial land in Malaysia for around $1.6 million. This was done for the expansion of production capacity for gloves and other operations. Thus, the introduction of new products, mergers and acquisitions, expansion of production capacity, and expansion of geographical location, by the key players is to drive the global protective gloves market growth during the forecast period.
A Full Report of Global Protective Gloves Market is Available at: https://www.omrglobal.com/industry-reports/protective-gloves-market
Recent Strategies initiatives in the Global Protective Gloves Market:
In August 2020, Hartalega Holdings Bhd had to buy a 60.57-acre piece of land in Labu, Sepang, Selangor for $38.41 million for building additional glove manufacturing facilities, which has increased its capacity by 19 billion pieces per year. This acquisition was done due to the demand for medical gloves has increased across the globe owing to the unprecedented global pandemic event. COVID-19 has created the demand for higher safety and hygiene awareness across all industries.
In April 2018, Top Glove Corporation Bhd, has announced that it had completed the acquisition of Aspion Sdn Bhd. This will allow Top Glove to emerge as one of the world’s largest surgical glove manufacturers. This acquisition added 3 manufacturing facilities with 75 lines and a capacity of 4.77 billion pieces of gloves per annum, through that the Top Glove has a production capacity of 57.24 billion pieces of gloves per annum.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Protective Gloves Market Report Segment
By Material
Latex
Nitrile
Neoprene
Polyvinylchloride (PVC)
Polyvinylalcohol (PVA)
Vinyl
Leather
Others (Butyl, Viton, Polyethylene)
By Type
Disposable
Non-Disposable (Reusable)
By End-User Industry
Healthcare
Manufacturing
Food & Beverage
Construction
Oil & Gas
Driving & Sports
Others (Firefighting, Military, Mining)
Global Protective Gloves Market Report Segment by Region
North America
US
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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