MRO Magazine

Research and Markets: World Industrial Gloves Market – Opportunities and Forecasts, 2014 – 2020


December 22, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/4ld6bq/world_industrial) has announced the addition of the “World Industrial Gloves Market – Opportunities and Forecasts, 2014 – 2020” report to their offering.

According to this new report, 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 segment 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.

The world industrial gloves market is transitioning to novel glove materials such as nitrile, vinyl, neoprene and polyethylene. The shift can be attributed to the allergic reactions caused by latex gloves and superior resistivity and protection properties offered by novel materials.

The machinery end-user segment would continue to lead the global reusable industrial gloves market throughout the forecast period. The mechanical protection provided by knitted gloves is the prime reason attributed to sustained dominance of the machinery end-use segment. On the contrary, semiconductors end-use segment was the highest revenue-generating in 2014.

Key findings of the study:

  • 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.

Key Topics Covered:

Chapter 1 – INTRODUCTION

Chapter 2 – EXECUTIVE SUMMARY

Chapter 3 – MARKET OVERVIEW

Chapter 4 – WORLD INDUSTRIAL GLOVES MARKET, BY USABILITY, 2014-2020

Chapter 5 – WORLD INDUSTRIAL GLOVES MARKET, BY GEOGRAPHY, 2014-2020

Chapter 6 – COMPANY PROFILES

Companies Mentioned:

  • Ansell Healthcare
  • Hartalega Holdings Berhad
  • Honeywell International Inc.
  • Rubberex
  • SHOWA
  • Semperit AG Holding
  • Shamrock Manufacturing Company Inc.
  • Superior Glove
  • Top Glove Corporation Berhad
  • Towa Corporation

For more information visit http://www.researchandmarkets.com/research/4ld6bq/world_industrial

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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