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Industrial Gloves is expected to expand at a compound annual growth rate of 9.3% during the forecast period 2017 – 2025

According to a new market report published by Credence Research, Inc., “Industrial Gloves Market (By Product Type (Disposable Gloves, Re-usable Gloves), By End-use Application (Healthcare & Pharma, Oil & Gas and Chemicals, Food & Beverage, Industrial Manufacturing, Construction, Semiconductor, and Others), By Material (Natural Rubber, Vinyl, Nitrite, Neoprene, Polyethylene, and Others)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025”, the global industrial gloves market is expected to expand at a compound annual growth rate of 9.3% during the forecast period 2017 – 2025.

The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

Browse here for full report: https://www.credenceresearch.com/report/industrial-gloves-market

Market Insights

Compliance with stringent safety standards and directives is identified as one of the most influential factors driving growth of the industrial gloves market worldwide. Some of the directives contributing towards market demand include OSHA (Occupational Safety and Health Act), National Fire Protection Association (NFPA), and American Society for Testing and Materials (ASTM). The use of industrial gloves reduces the risk of hand injury to work personnel and thus wearing gloves is considered as one of the cheapest and most effective injury prevention method. In addition, resurgence in the manufacturing sector after dwindling market conditions that was prevalent during economic instability is further fueling market momentum.

Segmentation Analysis:

As of 2015, natural rubber was the most preferred raw material used for making industrial gloves. The trend is presumed to continue as it will continue to be the most preferred material by 2025. The growth can be majorly credited to their extensive application in industrial manufacturing, healthcare, and pharmaceutical sectors. Benefits offered by the rubber in terms of elasticity and form fitting makes them preferred options to be used in these sectors. Similarly, based on product type, the global market for industrial gloves was led by disposable gloves. Low-cost coupled with greater replacement demand is the key factor driving sales of disposable industrial gloves.

Competitive Insights:

The global industrial gloves market is relatively matured but competitive. The market includes good mix of both well-established international and regional/domestic manufacturers. Since the number of domestic and international suppliers of basic raw materials (natural rubber, vinyl, etc.) is high, the manufacturers are not dependent on a single supplier and form strong partnerships with several suppliers to ensure continual supply of raw materials. The switching cost of manufacturers from one supplier to another is low due to less differentiation in the prices offered by the suppliers. Additionally, manufacturers also strive to maintain good association with end-customers and try and win big contracts. Manufacturers across the globe are focusing on strengthening their marketing and distribution channel to improve their reach and product position in the market. Manufacturers compete on the basis of price, branding, and product quality. Some of the leading players identified in the research study include

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Industrial Gloves contains:

Analysis and forecast of Sterile Injectables market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Sterile Injectables market;

Assessment and forecast of Sterile Injectables market development;

Financial and business profiles of the leading companies in the Sterile Injectables industry.

Scope

– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026

– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies

– Details of major planned Sterile Injectables projects in the world up to 2026

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/58424

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