Global Glove Box Market, predicted to grow at ~4.14% by 2027

Pune, India, May, 2019 /MRFR Press Release/- Market Research Future published a half-cooked research report on global glove box market. The glove box market is expected to progress at 4.14% CAGR during the period 2018 to 2023.

Market Highlights

Glove boxes provide a physical barrier to safeguard the sensitive materials from environmental contamination or to protect the operator from hazardous materials. Furthermore, they are used to create a leak-tight inert environment in order to work with contamination-sensitive materials and limit accidental spillage of materials. This helps prevent contamination of biological materials when the experiment containers are opened for observations, sampling, and fixations.

On the basis of product type, the market is segmented as stainless steel, plastic, aluminum, and others. Stainless steel segment is estimated to dominate the market during the forecast period. The stainless-steel glove box has a filtration system and leak tight barrier to protect the operator from potentially hazardous material exposure. Such types of glove boxes offer an air tight, clean, and controlled environment for a wide range of applications, such as medical, food, and chemical. Furthermore, they provide complete safety for transferring anaerobic field samples due to their low humidity characteristic and increased chemical resistance. Stringent government safety regulations and standards laid down by the government regarding safe glove boxes, increases the demand for stainless steel glove box. An increase in demand for safe and secure glove boxes and research activities, are further expected to support the demand for stainless steel glove box during the forecast period.

On the basis of end-use, the market is segmented as pharmaceutical & biotechnology, electronic/ lithium batteries, 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.

The global glove box market is expected to grow at 4.14% CAGR during the forecast period.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/glove-box-market-7827

Drivers

Market Research Analysis

Europe held the largest Market Share in the Glove Box Market

Region wise, Europe held the largest market share of the global glove box market in 2017 and is expected to retain the size until the end of 2023. The major share of this growth can be attributed to the pharmaceutical industry research and development in the region. According to the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical industry invested nearly USD 35,839.4 million (Euro 34,000 million) in R&D in 2016. Moreover, increasing investments by the governments of countries in R&D, across industries is expected to act as a key driver of the glove box market. Thus, the glove box market in Europe is estimated to register a CAGR of 3.14%, during the forecast period. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period. The growth of Asia-Pacific, as a region is driven by the presence of emerging economies, such as India and China. India one of the fastest growing economies in the world, which has influenced manufacturers to invest significantly to cater to the high demand for products, across sectors. According to the Indian Drug Research Association, the Indian Gross Expenditure on R&D (GERD) is steadily increasing, which in turn, is expected to raise the demand for glove boxes and other systems, over the forecast period.

GLOBAL GLOVE BOX MARKET 2018–2023

Scope of the Report

This report provides an in-depth analysis of the global glove box market, tracking one market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for Europe, North America, Asia-Pacific, South America, and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Glove box market by vehicle type and by region.

• Stainless Steel


• Plastic


• Aluminum


• Others

• Pharmaceutical & Biotechnology


• Electronic/ Lithium Batteries


• Defense Industry


• Others

• North America


• Europe


• Asia-Pacific


• South America


• Middle East and Africa

Key Players

The key players of the global glove box market are Glove Box Technology Limited (UK), Vacuum Atmospheres Company (US), MBraun (Germany), Inert Corporation (US), LC Technology Solutions, Inc (US), Banthrax Corporation (US), Coy Laboratory Products, Inc. (US), Cole-Parmer Instrument Company, LLC (US), Germfree Laboratories, Inc. (US), Jacomex (France), Gs Glovebox Systemtechnik GmbH (Germany), Marine & Industrial Plastics Ltd (UK), Miwa Mfg. Co., Ltd (Japan), Changsha Deco Equipment Co., Ltd (China), and Bangalore Vacuum Technology (India).