openPR Logo
Press release

Industrial Gloves Market to Witness a Pronounce Growth During 2016 - 2024

09-28-2017 01:49 PM CET | Industry, Real Estate & Construction

Press release from: TMR - Research Reports

Industrial Gloves Market to Witness a Pronounce Growth During

According to TMR’s report, the worldwide market for industrial gloves, which stood at US$5.13 bn in 2015, is expected to arrive at US$11.01 bn at the end of 2024. The market is prognosticated to showcase a 9.6% CAGR over the forecast duration of 2016 to 2024. Disposable gloves is expected to be leading market segment, showcasing a 9.7% CAGR.

Disposable Gloves to Remain Dominant Owing to Hygiene Issues

Industrial gloves market is segmented by type into disposable and reusable gloves. Reusable gloves need to be sterilized and decontaminated time to time. In an industry, this adds to the work process. In production industries such as pharmaceuticals, chemicals, healthcare, and food, wherein gloves need to removed and put back on frequently, it is not feasible to use reusable gloves. This is the primary factor behind the popularity of disposable gloves- making them the leading market segment.

View and Download TOC of Industrial Gloves Market Research Report@ https://www.transparencymarketresearch.com/report-toc/7709

The market for industrial gloves in Asia Pacific is predicted to be promising over the forecast period. On account of the food and beverage industry, chemicals, and pharmaceuticals, industrial gloves are slated to witness high demand. Increase in stringent worker safety mandates in this region is also expected to contribute to the fast growth of the region. However, North America and Europe are prognosticated to hold over 60% of the market revenue over the forecast duration, due to considerable surge in chemical and pharmaceutical businesses.

Rise of End-Use Industries Provide Ample Market Opportunity

The worldwide industrial gloves market is anticipated to exhibit high growth due to a number of factors that promise to propel the industry positively. The rapidly flourishing chemical, pharmaceutical and food and beverage industry will lead to high demand of industrial gloves. Each of these industries require the use of gloves on a tremendous basis, and the food and beverage industry is predicted to be largest market share holder. The food and beverage industry requires strict hygiene standards, and could prove to be a significant market driver.

The rise of industrial gloves usage across Europe and North America is foretold to be a key factor of the global market growth as well. These regions have recorded almost two-third of the total market revenue, and the increasing awareness of worker safety is expected to aid in maintaining the regions market position.

Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7709

The market could face some challenges in the form of lower awareness levels, and threat of local market players. The high cost of international products may lead to preference to lower quality and local product usage. Emerging economies may fall prey to lower cost products and hamper the overall market growth. However, with key players focusing on regionalization of their enterprise and making their product cost effective, these market constraints are expected to be overcome easily, leading to general market rise.

The global industrial gloves market is envisaged to experience tremendous competition, leading to neck-to-neck struggle among the leading companies for the top spot. A third of the overall market share is predicted to be held by leading names such as Ansell Ltd., 3M Corporation, Showa Group, and Honeywell Safety Products. On a regional level, local vendors are predicted to give a tenacious fight. Market players and entrants are foretold to adopt innovative strategies in their products and employ cost reduction to maintain and influence market position. Portfolio expansion via acquisitions and mergers could also help gain trust of the customer base.

Buy Full Industrial Gloves Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=7709<ype=S

About TMR

Transparency Market Research (TMR) is a global 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 data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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 to Witness a Pronounce Growth During 2016 - 2024 here

News-ID: 746244 • Views: 95

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for Gloves

Medical Gloves Market
https://www.qandqmarketresearch.com/reports/7563357/medical-gloves-market-98 The global Medical Gloves market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Medical Gloves market based on company, product type, end user and key regions. This report studies the global market size of Medical Gloves in key regions like
Disposable Gloves Market - Global Forecast to 2026
Medical gloves are disposable gloves used during medical procedures, such as diagnosis, surgery and handling of chemotherapy agents. Disposable gloves are recommended in medical application to reduce the risk of contamination with blood and other body fluids. Also, it is used to avoid the transmission of infections from the healthcare professionals to patients and vice-versa. Non-powdered disposable gloves are primarily recommended in the medical and healthcare facility to avoid reactions
03-08-2018 | Sports
Fact.MR
Scope in Gym Gloves Market Report 2017-22: Fingerless Gloves More Popular in the …
A fresh study, covering “Gym Gloves Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the sports market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make
02-26-2018 | Sports
Fact.MR
Sports, Motorcycle Riding, Riding Gloves, Gloves Market, Gloves Manufacturers
The scope of Fact.MR’s report is to analyze the global motorcycle riding gloves market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Motorcycle riding gloves manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.The report commences with a
Global Gloves Market Report, 2017-2025
IndexBox has just published a new report "World: Gloves, Mittens And Mitts - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-gloves-mittens-and-mitts-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering •
Market 2017-2021 Industrial Safety Gloves
"Global Industrial Safety Gloves Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '