Portable Glove Box Market Size, Industry Analysis, Statistics, Share, Trends

Posted by Rishikesh Kurane on November 20th, 2019

Market Research Future (MRFR) reveals that the global market of glove box expected to thrive at a CAGR of 4.14% across the forecast period. MRFR, in its freshly published report states that the revenue that can be generated by the market. In 2017, the glove box market was valued at USD 152.38 million. By 2023, the market is expected to attain a valuation of USD 193.23 million.

Market Insights

Thick, clear, and durable acrylic shell of glove box those make it impermeable to surrounding conditions and allows optimum visibility are benefits on which the global glove box market is likely to capitalize. An automatic pressure controller enables the operator to maintain pressure inside the box. This advantage is expected to trigger the growth of the global glove box market, as the product is gaining authority across various sectors.  Hence, the worldwide glove box market is expected to gain a global foothold across the forecast period.

The fast paced expansion of the global market of glove box can be attributed to the rise in cognizance about its applications in laboratory safety and in research and development activities, across different industries. As the demand for glove box surge, the rate of its production by numerous companies is observed to increase.  These factors are expected to boost the expansion of the market. However, high prices of glove box can hinder the expansion of the market.

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Segmental Outline

The global market of glove box has been segmented by product and end-use. By product type, the market is segmented into plastic, stainless steel, aluminum, and others. The stainless steel segment is likely to expand at rapid pace over the forecast period. The stainless-steel glove box provides better safety to workers from occupation hazard. Hence, their need for adoption is increasing across different verticals such as food, medical, and chemical. The increase in stringency of government safety norms is surging the demand for stainless steel glove box, which, in turn is expected to benefit the market.

By end-use, the market is segmented into electronic or lithium batteries, pharmaceutical and biotechnology, defense industry, others. Pharmaceutical & biotechnology segment is estimated to dominate the market during the forecast period. This is attributed to the number of applications in the pharmaceutical industry, including its use in specific atmospheric, and/or aseptic requirements and for a variety of applications, and compounding, filling, sterility testing, cytotoxic, liquid filling, bulk powder processing, processing, packaging, research and radiological isotope processing functions. Glove boxes in the pharmaceutical and biotechnology companies are used in sensitive research studies to secure the object or substance from hostile exterior environment and provide controlled environment for working with samples. Thus, an increase in investments in pharmaceutical and biotechnology industry, is expected to raise the demand for glove boxes during the forecast period.

Key Players

The eminent contender of the global glove box market, which are profiled by MRFR are; Coy Laboratory Products, Inc. (US), Glove Box Technology Limited (UK), Cole-Parmer Instrument Company, LLC (US), MBRAUN (Germany), Vacuum Atmospheres Company (US), Inert Corporation (US), Banthrax Corporation (US), LC TECHNOLOGY SOLUTIONS, INC (US), Germfree Laboratories, Inc. (US), GS GLOVEBOX Systemtechnik GmbH (Germany), Jacomex (France), Marine & Industrial Plastics Ltd (UK), Changsha Deco Equipment Co., Ltd (China), Miwa Mfg. Co., Ltd (Japan), and Bangalore Vacuum Technology (India).

Regional Outlook

Europe, North America, Asia-Pacific, South America, and the Middle East & Africa are regional segments of the glove box market.  The Asia Pacific market is the expected to expand at fast pace in the forecast period. The increase in investments and funding by governments in research and development for innovation in various industries such as the chemical, the food, the automobile, and the electronics industries is likely to aid the APAC market in gaining ground. In addition, international companies those are consistently importing raw materials from the region at affordable price is expected to gain high traction for the regional market.  

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 List of Tables

Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global Glove Box Market, By Product Type, 2016-2023

Table 4 Global Glove Box Market, By End–Use, 2016–2023

Table 5 Global Glove Box Market, By Region, 2016–2023

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List of Figures

Figure 1 Market Attractiveness Analysis: Global Glove Box Market

Figure 2 Global Glove Box Market Analysis By Product Type

Figure 3 Global Glove Box Market Analysis By End–Use

Figure 4 Global Glove Box Market: Market Structure

Figure 5 Global Glove Box Market: Key Buying Criteria

Continued……. 

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