A new market research report, "World Industrial Gloves Market - Opportunities and Forecast, 2014 - 2020", indicates that the global sales of industrial gloves would reach $9.7 billion by 2020, registering a CAGR of 12.8% during 2015 – 2020. The disposable gloves market accounted for over half of the market revenue in 2014 and would retain its lead throughout the analysis period. Asia-Pacific market would exhibit the highest CAGR during the forecast period, both in terms of volume and revenue.
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Industrial gloves market, in terms of revenue, was evaluated at $4,912.9 million in 2014 and is estimated to garner $9,774.5 million by 2020 growing at a CAGR of 12.8% over the forecast period. The increasing awareness about work safety, increasing variety of threats to the personnel, rapidly growing food processing industry and rising demand for high dexterity gloves, are some of the key factors that drive the growth of the world industrial gloves market during the analysis period.
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The Report Includes:
- The report provides a comprehensive analysis of the current market estimations through 2014-2020 in terms of value as well as volume, which would enable the stakeholders to capitalize on prevailing market opportunities
- Extensive analysis of the world industrial gloves market by usability helps in understanding the disposable and reusable industrial gloves distinctly that are currently used along with the variants that would gain prominence in future
- Competitive intelligence highlights the business practices followed by leading market players across various geographies
- Comprehensive analysis of factors that drive and restrict the growth of the world industrial gloves market is provided
- The world industrial gloves market scenario is comprehensively analyzed in accordance to the key regions
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Key Findings in this Report:
- Supported knitted gloves dominated the reusable industrial gloves market, accounting for about 50% market revenue, in 2014
- Food processing end-use segment is identified as the most lucrative segments in the world disposable industrial gloves market
- General purpose/Mechanical protection gloves segment was the highest revenue generating segment in 2014
- Natural rubber gloves segment would continue to lead the world disposable industrial gloves market
- Polyethylene gloves segment is projected to exhibit the highest CAGR of 14.9%, in terms of volume
- North America and Europe collectively accounted for around three-fourth of the world industrial gloves market revenue, in 2014
- North America was the highest revenue generating region in 2014, owing to stringent work safety regulations associated with industrial manufacturing. However, Asia Pacific region would exhibit the fastest growth in the reusable industrial gloves market, over the forecast period, owing to the shift of manufacturing base to emerging economies of the region.
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Key Players of Global Gloves Market:
The key companies profiled in this report are Honeywell International Inc., SHOWA, Inc., Ansell Healthcare, Superior Glove, Shamrock Manufacturing Company Inc., Towa Corporation, Hartalega Holdings Berhad, Rubberex, Top Glove Corporation Berhad and Semperit AG Holding.
The “World Industrial Gloves Market - Market Summary and Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.
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