The industrial gloves market in APAC is expected to grow from US$ 3,780.28 million in 2021 to US$ 6,465.49 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
Construction is the backbone of a national economy and is responsible for creating and maintaining the built infrastructure for cities, towns, and communities. As the economy and population of APAC continue to rise, the need for infrastructure and housing also grows. Significant investments in construction and infrastructure development are planned across various countries in the region. With the projected flourishment of the construction sector in the coming years, more skilled laborers are likely to be needed on the ground to keep up with the demand. This, in turn, is expected to generate massive demand for different industrial security equipment, including gloves, over the next few years. Further, In developing countries are exhibiting rapid growth in the electronics manufacturing industry, which fulfills tremendous demand for consumer electronics and the cutting-edge components for trucks and automobiles, airplanes, appliances, medical devices, computers, etc. In the electronics industry, gloves are used due to sensitivity, antistatic, and cleanliness requirements, as most production processes have extremely high requirements for cleanliness and need to be completed in a clean room. Working conditions in the electronics industry have a unique set of needs because workers not only have to protect themselves from various hazards, but they also need to protect the delicate products and components they are working with. Hence, the growth in the construction and electronics industries is projected to offer lucrative opportunities for the industrial gloves market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the weather monitoring system market. The APAC industrial gloves market is expected to grow at a good CAGR during the forecast period.
APAC Industrial Gloves Market Segmentation
The APAC industrial gloves market is segmented based on type, material, end-use industry, and country. Based on type, the market is segmented into disposable and reusable. The disposable segment dominated the market in 2020 and reusable segment is expected to be the fastest growing during the forecast period. Based on material, the market is segmented into natural rubber, vinyl, polyethylene, nitrile, and others. The natural rubber segment dominated the market in 2020 and nitrile segment is expected to be the fastest growing during the forecast period. Based on end-use industry, the market is segmented into manufacturing, construction, food & beverages, oil & gas, pharmaceutical, and others. The pharmaceutical segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the APAC industrial gloves market is classified into the Australia, China, Japan, India, South Korea, and Rest of APAC. 3M; Ansell Limited; Cintas Corporation; Honeywell International Inc.; Southern Glove, Inc.; Superior Glove; and Workwear Outfitters, LLC are among the leading companies in the APAC industrial gloves market.