WiseGuyReports have announced the addition of a new report titled “2019 Global and Regional Glove Box Market Research Report Forecast 2025”.
PUNE, MAHARASHTRA, INDIA, November 5, 2019 /EINPresswire.com/ — Report Description:
Speaking about Glove Box, it is an enclosed section, wherein various objects can be unloaded or loaded by the side box. Besides, the objects can be manipulated using the gloves. The gloves are quite useful for performing various tasks and offer a maximum level of resistance to chemicals and abrasion. Some boxes come with a transparent, durable, and thick acrylic shell which provides better visibility and remain unaffected to the various atmospheric conditions. The glove operator can control the pressure inside the box using the pressure controllers.
The global market for this product is now capturing attention from different sectors, and it is expected that in the following years, the market will enjoy considerable growth. The report says that in the year 2017, the world Glove Box market size was USD 153.1 million. However, looking at the growing rate of the market, it is now predicted that the market size will cross USD 193.33 million by the end of 2023. The expected Compound Annual Growth Rate will be around 4.24 percent.
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The global market for this particular product consists of various organizations and companies that are involved in designing and manufacturing of such box. The world market is rapidly growing due to growing awareness about laboratory safety and the massive increase in R&D investment throughout the industries. The report also predicts that there some factors which can hinder market growth. One of the primary factors high cost of the product. However, the rapid developments in battery technology, especially Lithium-ion battery, is expected to offer better growth opportunities.
Market Segmentation Analysis
The global Glove Box market is segmented based on different factors. Some of the major factors are stainless steel boxes, plastic boxes, aluminum boxes, and others. The report says that the plastic box segment is expected to witness massive growth owing to rapid technological advancement. Besides, key manufacturers are focusing more on the development of high-quality and durable plastic boxes. For the end-user segment, this market report covers the status, outlook, and growth of key end-use. The major end-users are pharmaceutical and biotechnology, defense industry, electronic & lithium batteries and others. The electronic and lithium batteries segment will dominate the market, owing to the development of such technology.
Geographical Market Segmentation Analysis
Geographic-based market analysis of the Glove Box includes North America, Asia Pacific, Europe, Middle East & Africa, and South America. As per the information given in this report, the Asia Pacific region is anticipated to witness a better growth rate during the forecast period. The reason is growing number of investments by major players for research and development in food, electronic, chemical and automobile industries. Besides, the international companies are now focusing on importing low-cost raw materials and lost-cost box system from the Asia Pacific region. Moreover, the region also houses some world’s leading manufacturers of such boxes, and they are now expanding their business, which, in turn, propelling growth of the regional market.
Latest Industry News
In September 2018, Inert Technology installed its new glovebox at EMPA located in Switzerland. The company is now working on new technologies to enhance its product quality and to offer a secure box to do experiments. Besides, Inert Technology has awarded the trademark for its new product called PowerShield, designed for manufacturing industries.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Glove Box as well as some small players. At least 10 companies are included:
* Cole-Parmer Instrument Company
* Coy Laboratory Products
* Glove Box Technology
* Vacuum Atmospheres Co
* Inert Technology
* Mbraun GmbH
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The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Glove Box market
* Plastic Glove Box
* Stainless Steel Glove Box
* Aluminum Glove Box
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Defense Industry
* Pharmaceutical and Biotechnology
* Eletronic/Lithium Batteries
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
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We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
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Source: EIN Presswire