Press release
Industrial Gloves Market (Pharmaceuticals, Food, Healthcare, Chemicals, Manufacturing) to reach US$11.01 bn by 2024
Transparency Market Research states that the global industrial gloves market will expand at a healthy 9.6% CAGR over the period between 2016 and 2024. At this pace, the market will rise from a valuation of US$5.13 bn in 2015 to US$11.01 bn by 2024.
Download PDF Brochure at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7709
Disposable Gloves Clearly Rule Consumer Choices
On the basis of the reusability of industrial gloves, the global industrial gloves market produces two key varieties of products: disposable and re-usable gloves. Usage of reusable gloves adds the extra task to the operational schedule of a workplace - their proper decontamination and safe storage between uses. In industries where gloves need to be put on and taken off frequently, such as food, chemicals, healthcare and pharmaceuticals, the use of disposable gloves is preferred.
It is chiefly this factor that enables the segment of disposable gloves acquire the leading position in the market. In 2015, disposable gloves accounted for a share of over 85% in the overall industrial gloves market. The segment is also expected to expand at the fastest CAGR of 9.7% from 2016 through 2024, rising to a valuation of US$9.68 bn by 2024.
Investments Aimed at Applications in Food Industry Promise Best Returns
Of the key end users of industrial gloves, the pharmaceutical industry presently dominates, accounting for over 25.5% of the market in 2015. Although the demand for industrial gloves in the pharmaceutical and chemicals industries is expected to witness growth at a substantial pace, the food industry is expected to emerge as the most promising demand driver for the market.
Demand for observing the uttermost level of hygiene across all operations in the food industry along with the industry’s flourishing growth, especially in emerging economies, will drive the increased need for a variety of industrial gloves in the food industry in the next few years. The industrial gloves market in the food industry will expand at the fastest CAGR of 10.2% from 2016 to 2024.
Excellent Growth across End-use Industries in Asia Pacific to Fuel Demand
North America and Europe are currently the leading consumers of a variety of industrial gloves. Collectively, these two regions accounted for over 60% share in the global industrial gloves market’s revenues in 2015. Sustainable growth in the pharmaceutical and chemical industries, high concerns and strict regulatory mandates regarding worker safety lead to the high consumption of a variety of industrial gloves across these regions.
Although future growth prospects for the industrial gloves market across these regions are generally promising, the market will gain the highest traction in the Asia Pacific region over the period between 2015 and 2023. The flourishing chemicals, food and beverages, and pharmaceutical industries in Asia Pacific have led to the formation of a vast store of untapped opportunities for the industrial gloves sector. The consumption of industrial gloves in the industrial sector in Asia Pacific is also driven by the increasingly strict mandates regarding worker safety in industries fostering potentially hazardous work environments.
The market for industrial gloves in Asia Pacific is expected to expand at a CAGR of nearly 12% over the period between 2016 and 2024, witnessing a stark rise in its overall share in the global market over the period, from nearly 20% in 2015 to 24% in 2024.
Some of the leading vendors in the global industrial gloves market are 3M Corporation, Honeywell Safety Products, Ansell Ltd., Holding Towa Corporation, Semperit A.G. Holding, MSA Safety, Showa Group, and E.I. DuPont De Nemours and Company.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Industrial Gloves Market (Pharmaceuticals, Food, Healthcare, Chemicals, Manufacturing) to reach US$11.01 bn by 2024 here
News-ID: 410531 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ 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…
