Asia Pacific Industrial Gloves Market to be dominated by China During the Forecast Period
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 Product Type
(Disposable Gloves, Re Usable Gloves), By Type (Nitrile Rubber, Latex(Natural
Rubber), Vinyl Rubber, Neoprene Rubber, Polyethylene, Butyl Rubber, Others), By
End User (Health Care, Pharmaceutical, Food & Beverages, Manufacturing,
Chemicals & Petrochemicals, Mining Including Oil & Gas, Others), 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
was valued USD 1048.04 Million in 2019 and is forecast to grow at CAGR of 7.46%
to reach USD 1531.77 Million by 2025. Many countries in Asia Pacific have a
high prevalence of occupational disease. In China, more than 25 million workers
were exposed to occupational hazards in 2019. As per data published by the
Indian Ministry of Health (MoH), almost 2 million companies are associated with
hazardous materials or working conditions. All major manufacturing companies
are putting employee well-being ahead of productivity issues and have come up
with usage of personal protective equipment including safety gloves. Thus, role
of hand protection providers extends beyond product recommendations. Glove
manufacturers are working closely with customers to meet specific customer and
to build long term relationships.
On account of trade wars and global
pandemic outbreak in China, a rising number of manufacturing companies are
increasing focusing on shifting production to South East Asian countries such
as India, Vietnam, Myanmar and the Philippines. Governments of these emerging
nations are offering attractive incentives to move out of China and set up
domestic production facilities. Consequently, industrial gloves manufacturers
have a huge potential sales opportunity in these emerging nations as upcoming
local manufacturing setups will create a new labor workforce domestically,
which will subsequently increase demand for industrial gloves in the region.
Browse 93 market data Figures spread through 150 Pages and an in-depth TOC on" Asia Pacific Industrial Gloves Market "
https://www.techsciresearch.com/report/asia-pacific-industrial-gloves-market/4937.html
Asia
Pacific industrial gloves market can be segmented based on product type, type,
end user, purpose, company, and region. Multi-Purpose segment garnered around
32.78% share in Asia-Pacific industrial gloves market in 2019 and is expected
to maintain its dominance during forecast period. Utilization of multi-purpose
industrial gloves for a wide range of applications across sectors such as
mining, construction, automotive, assembling plants, heavy machinery equipment,
and industrial handling & packaging is boosting the growth of the segment
in industrial gloves market.
Industry
expansion has broadened the range of hazards from which safety gloves need to
protect workers. They include metal cuts, hazardous chemicals, high
temperatures, mechanical hazards, electric shock, radiation, and microbial
contamination. These multi-purpose gloves can serve as a complete solution for
all the listed hazards.
Ansell Limited, Honeywell International
Inc., Showa Glove Co., Top Glove Corporation Bhd, Kossan Rubber Industries Bhd,
Mapa Professional, 3M Co., Towa Corporation, MSA Safety Incorporated, White
Glove Co.Ltd., Midas Safety Inc, Corporate Station Bangladesh and Nacol
Industrial Company Limited, among others are the leading
players operating in Asia Pacific industrial gloves market. With growing demand
for industrial gloves in various end user applications such as manufacturing,
chemical sector, healthcare, oil & gas, etc, companies have started
investing in expanding manufacturing facilities. For instance, Top Glove
Corporation Bhd has set plans for 2021 to introduce 150 production lines with
17.7 billion gloves capacity . Further, the company announced to commence
nitrile gloves production at newly launched facility in Thailand by 4th
quarter of 2020. The facility has 28 new production lines with production
capacity of 3.5 billion pieces of gloves per year when fully operational.
Further, Kossan Rubber Industries Bhd plans to allocate USD350 million to set up
a new gloves manufacturing plant in
Bidor, Perak, which is estimated to be completed by 2023.
Download
sample report @
https://www.techsciresearch.com/sample-report.aspx?cid=4937
customers can also
request for 10% free customization on this report.
“South East Asian countries such as India and Vietnam are anticipated to
register higher CAGRs of more than 8% during forecast period. The growth of
South East Asian industrial gloves market is attributed to factors such as
growing automobiles and electronics sectors. Growth in manufacturing sector is
boosting economies in these countries, as well as augmenting demand for
industrial gloves. Additionally, amidst global pandemic, US-China trade war and
border tensions between India and China, are driving industries away from China
and shift towards South East Asian countries. Setting up of industries in these
countries will create an employment for local people, which will boost demand
for industrial gloves in the region.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Asia Pacific Industrial Gloves Market Product Type
(Disposable Gloves, Re Usable Gloves), By Type (Nitrile Rubber, Latex(Natural
Rubber), Vinyl Rubber, Neoprene Rubber, Polyethylene, Butyl Rubber, Others), By
End User (Health Care, Pharmaceutical, Food & Beverages, Manufacturing,
Chemicals & Petrochemicals, Mining Including Oil & Gas, Others), 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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]