Industrial Gloves Market Expected to Reach $9.7B

Why industrial gloves for electrical distributors? Diversification.  We’re seeing distributors diversify into other segments (i.e. industrial supplies) as well as taking existing products that they offer (i.e. gloves) and developing, or re-positioning, a product category for safety. It’s an effort to offer more and capture a greater share of customer spend.

Key findings of the study:

• Supported knitted gloves dominated the reusable industrial gloves market, accounting for about 50% market revenue
• 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

According to the report titled, “World Industrial Gloves Market – Opportunities and Forecast, 2014 – 2020″, global sales will 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.

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.

Reusable industrial gloves are deployed as personal protective equipment (PPE) in various industries including automotive, food, chemical and healthcare, to ensure safety and sanity at work places. The onslaught of threats to the personnel and consequent work safety awareness, rapidly growing food processing industry and rising demand for high dexterity gloves are the factors fueling the market growth. Recent introduction of advanced manufacturing techniques such as use of fillers, polyurethane coatings, thermal gravimetric analysis have given rise to cost-effective reusable gloves, thereby supplementing the market growth.

Disposable industrial gloves are mainly used to prevent cross-contamination between industrial personnel and products. Disposable industrial gloves are preferred across various industries including semiconductors, pharmaceuticals, food, and healthcare among others. Eco-friendliness, affordable cost, high degree of flexibility and sterility of disposable industrial gloves would supplement the market growth. In addition, the outbreak of epidemics such as swine flu, ebola, among others would further boost the market growth.

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.

To learn more, visit at: https://www.alliedmarketresearch.com/industrial-gloves-market.