The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Industrial Safety Gloves Market is likely to witness an impressive CAGR of 7.2% during the forecast period.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1219/industrial-safety-gloves%20market.html#form
Segment Analysis
By Product Type
Based on the product type, the market is segmented as mechanical gloves, chemical & liquid protection, thermal gloves, and special protection gloves. Mechanical gloves are estimated to account for the largest share of the market owing to their wide application across various sectors such as construction, mining, automotive, heavy machinery equipment, and industrial handling & packaging. They offer excellent cut resistant feature which provides protection from cuts and injuries. On the contrary, chemical & liquid protection product is estimated to grow at a faster pace as compared to other product types, owing to their excellent features such as water resistance, anti-impact, and enhanced grip properties. They provide protection from oil and greasy materials while managing diverse applications in various industries.
By Material Type
Based on the material type, the market is segmented as nitrile gloves, natural rubber gloves, vinyl gloves, neoprene gloves, polyethylene gloves, and others. Nitrile gloves are estimated to witness significant growth rate in the upcoming years, attributed to an increased product demand to maintain hygienic conditions. In addition, growing awareness in various manufacturing industries attributed to the strong regulatory customs to minimize worker accidents and other loss of resources is accelerating the market growth during the forecast period. On the other hand, natural rubber gloves are estimated to account for the largest share of the market during the forecast period owing to their various offered features, making it a cost-effective and eco-friendly option, fueling the growth of the market during the forecast period.
By Application Type
Based on the application type, the market is segmented as automotive, chemical, machinery & equipment, metal fabrication, oil & gas, and mining. Chemical application is estimated to register high growth rate in the upcoming years. Factors such as rise in demand for paint & coatings attributed to the rapid urbanization, expansion of chemical sector due to growing demand for petroleum and petrochemical products, and key features such as breathable materials, ultra-lightweight, seem-less and cut resistant liners are expected to boost the product demand. Furthermore, the machinery & equipment segment is estimated to account for the highest share of the market in the upcoming years, owing to growing need for cut resistance, oil repellence, heat protection, and its higher usage of heavy equipment, tools, and metals, during the forecast period.
By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing region in the market with China, India, Japan and South Korea being the major countries with lucrative growth opportunities during the forecast period. Asia-Pacific is among the largest producers of natural rubber and also the global natural rubber price is highly dependent upon the supply-demand in the region as natural rubber is easily available in Asia-Pacific. Furthermore, North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Article source: https://article-realm.com/article/Finance/26831-Industrial-Safety-Gloves-Market-Size-Share-Trend-Forecast-and-Industry-Analysis.html
Reviews
Comments
Most Recent Articles
- Mar 21, 2024 Exploring Transaction Platforms Offered by Mutual Fund Software for Distributors by REDVision Technologies
- Mar 20, 2024 How can MFDs establish trust among their investors with mutual fund software for IFA? by Wealth Elite
- Mar 6, 2024 How to Get the Best Health Insurance Services in Beawar? by Ambition Finserve Pvt. Ltd.
- Feb 17, 2024 The Charm of 14k Wedding Band Sets by Donnell Dean
- Feb 14, 2024 Savings vs. Low-Interest Loans: Finding the Right Balance for You by Brajendra Kumar
Most Viewed Articles
- 10199 hits How to Start an Invention Idea by Edwin Poul
- 8545 hits How to Download and Install Facebook Messenger on Firestick by Hope Mikaelson
- 2370 hits Brief discussion about Water by kavin prasath
- 1965 hits Importance of Proofreading While You Write an Assignment by clara
- 1650 hits Everything About Garmin Express by Maria Cooper
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
76866 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
31908 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
12037 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
10199 Views
Statistics
Members | |
---|---|
Members: | 13874 |
Publishing | |
---|---|
Articles: | 58,269 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 716 |
Members: | 10 |
Guests: | 706 |
Bots: | 5658 |
Visits last 24h (live): | 2605 |
Visits last 24h (bots): | 16293 |