The global glove market valued at USD 48 billion in 2017 and is projected to reach USD 118.5 billion by 2025, registering a CAGR of 8.6% between 2021 and 2025.
PORTLAND, OREGON, UNITED STATES, February 9, 2023 /EINPresswire.com/ — What is Gloves?
Gloves are protective garments that are worn on the hands to provide protection, insulation, or to keep hands clean. They are made from various materials including leather, cloth, latex, rubber, and other synthetic materials, and can be used for a variety of purposes such as work, sports, medical treatment, and many others.
In general, gloves serve several important functions, including:
1. Protection: Gloves can protect the hands from harmful substances, sharp objects, extreme temperatures, and other physical hazards.
2. Insulation: Gloves can keep hands warm in cold weather, or cool in hot weather, depending on the material used.
3. Hygiene: Medical gloves are used in healthcare settings to prevent the spread of infection.
4. Comfort: Gloves can provide a comfortable barrier between the skin and harsh or rough surfaces.
5. Improved grip: Some gloves are designed to provide an improved grip on objects, which is important for many sports, work activities, and other tasks.
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• CAGR: 8.6 %
• Current Market Size: USD 48.0 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021 – 2025
• Base Year: 2021
Gloves market
The global gloves market refers to the market for gloves of all types, including disposable gloves, work gloves, medical gloves, and sporting gloves, among others. This market has seen significant growth in recent years due to increased demand for protective equipment in various industries and increased awareness of the importance of hand hygiene.
The market for disposable gloves, in particular, has experienced significant growth due to the COVID-19 pandemic. The use of disposable gloves has become widespread in order to prevent the spread of the virus and to protect healthcare workers, essential workers, and the general public.
In addition to the medical sector, other industries such as food and beverage processing, construction, automotive, and electronics, among others, also use gloves for protection and improved productivity.
The gloves market is highly competitive, with a large number of players operating at the global and regional levels. Some of the key players in the market include Top Glove, Hartalega, Semperit, Kossan Rubber Industries, Supermax Corporation, and Ansell, among others.
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Gloves market regional analysis
The market is present in many countries around the world, including developed and developing countries. Some of the key regions in the gloves market include:
1. Asia-Pacific: The Asia-Pacific region is the largest market for gloves, driven by the presence of major manufacturers in countries such as China, Malaysia, and Thailand. The region is also the largest producer of gloves and has a large demand for gloves from various end-use industries such as medical, food and beverage, and electronics.
2. North America: The North American market for gloves is driven by the high demand for protective equipment in various industries such as healthcare, construction, and manufacturing, among others. The region is also a significant market for medical gloves.
3. Europe: The European market for gloves is driven by the high demand for gloves in the medical sector, as well as in other industries such as construction and manufacturing. The region is also a significant market for sporting gloves.
4. Latin America: The Latin American market for gloves is driven by the demand for gloves in the medical sector and other industries such as construction and manufacturing.
5. Middle East and Africa: The Middle East and Africa market for gloves is driven by the demand for gloves in the medical sector and other industries such as construction and oil and gas, among others.
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David Correa
Allied Analytics LLP
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