Surging awareness regarding the safety of workers is expected to drive the growth of Asia Pacific industrial gloves market
According to TechSci Research report, “Asia Pacific Industrial Gloves Market By Product Type (Disposable Gloves, Re Usable Gloves), By Type (Nitrile, Vinyl, Neoprene, Rubber, Polyethylene, Others), By End User (Health, Pharmaceutical, Food, Manufacturing, Chemicals, Mining, Oil & Gas), 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 is expected to witness formidable CAGR during the forecast period. Growing awareness regarding the benefits of using industrial gloves from protection against harmful chemicals, cuts, among others, is one of the major factors accounting for the growth of Asia Pacific industrial gloves market. Moreover, favorable regulatory scenario in order to reduce the occupational risk across numerous industries is expected to bode well for the growth of Asia Pacific industrial gloves market through the forecast period. In addition to this, surging product demand from various end user industries, is expected to positively influence the growth of Asia Pacific industrial gloves market in the years to come. Also, number of accidents in workplaces has increased, which in turn is projected to fuel the demand for industrial gloves, thereby making headway for the growth of Asia Pacific industrial gloves market. Along with this, these gloves are cut resistant, have long usable life and offer a firm grip. These factors are anticipated to surge the demand for industrial gloves during the next five years. However, there are some factors that might act as major impediments to the growth of Asia Pacific industrial gloves market through 2025 including existence of the unorganized sector in the industry.
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Asia Pacific industrial gloves market can be segmented based on product type, type, end user, purpose, company, and region. In terms of product type, the market is categorized into disposable and reusable. Out of which, the disposable segment is forecast to grow at a high CAGR in the years to come, owing to increased precautionary measures as it prevents cross contamination. Based on type, the market can be categorized into, nitrile, vinyl, neoprene, rubber, polyethylene and other. Out of these, rubber gloves segment dominated the market in terms of largest market share during the forecast period and is expected to maintain its leading position the market during the forecast period as well. This can be ascribed to the fact that these gloves are widely used in the food & beverage industry. Along with this, it finds its application in the chemical industry as well, which is further boosting the growth of this segment across the region.
Honeywell International Inc., 3M Corporation, Globus (Shetland) Ltd, Top Glove Corporation Bhd, Ansell Ltd, MSA Safety, MAPA Professional, Towa Corporation, Southern Glove Inc., Protective Industrial Products Inc, Riverstone Holdings Limited, ATG Sitec GmbH, Hartalega Holdings Berhad, Westchester Holdings Inc, Bacou-Dalloz, Inc are among others are the leading players operating in Asia Pacific industrial gloves market. The players are adopting several growth strategies to enhance the market scenario of industrial gloves. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Asia Pacific industrial gloves market is forecast to witness significant growth until 2025 on account of stringent government rules and regulations on industrial safety. Furthermore, favorable regulations regarding health security coupled with rising presence of various service and manufacturing industries in the region is also contributing to the growing trend. Additionally, easy availability of natural rubber in the region is leading to increased buying power, which is anticipated to boost the market growth in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia Pacific Industrial Gloves Market By Product Type (Disposable Gloves, Re Usable Gloves), By Type (Nitrile, Vinyl, Neoprene, Rubber, Polyethylene, Others), By End User (Health, Pharmaceutical, Food, Manufacturing, Chemicals, Mining, Oil & Gas), 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.