ID: MRFR/IA - E/6357-CR | May 2019 | Region: Global | 109 pages
Glove box market is garnering much attention from various sectors, due to which it can expect a smooth run with a CAGR of 4% during the forecast period. During that time, its market is expected to grow from USD 152.38 Million in 2020 to USD 220 Million by 2027. Market Research Future’s (MRFR) detailed report on the market has its focus on segments, drivers, and competitive analysis of the entire market.
The glove box market includes companies and organizations involved in the design, development, and manufacture, of glove box. The global market for glove box is growing rapidly due to Increasing awareness regarding laboratory safety and increase in research and development investments across industries. However, the growth of the market may be hindered by the high prices of glove box. The ongoing developments in Lithium-ion battery technology is expected to offer growth opportunities for the global glove box market during the forecast period.
The significant players profiled in the Glove Box Market are Coy Laboratory Products, Inc. (US), Cole-Parmer Instrument Company, LLC (US), Glove Box Technology Limited (UK), Vacuum Atmospheres Company (US), MBRAUN (Germany), Inert Corporation (US), LC TECHNOLOGY SOLUTIONS, INC (US), Banthrax Corporation (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).
The battery manufacturing companies continuously function to meet the rapidly increasing demand of Li-ion batteries. For instance, in 2019, Nissan Motor Co., Ltd. launched the LEAF e+. This battery adopts a new module structure that allows the flexibility to customize the number of cells for the first time and allows for optimal battery module shape and height to best fit the vehicle platform and customer needs.
Glove boxes are required to have a moisture free inert atmosphere maintained, which is a primary requisite for lithium-ion battery assembly unit and allows monitor and maintenance of the production environment for enhanced quality control. Therefore, the ongoing developments within lithium-ion batteries, serve as an opportunity in the global market for glove boxes.
The report includes a segmental analysis of the glove box market for better understanding. The market can be segmented by product type, and end-use. By product type, the glove box market comprises stainless steel, plastic, aluminum, and others. By end-use, the glove box market comprises pharmaceutical & biotechnology, electronic/ lithium batteries, defense industry, and others.
Region-specific analysis of the Glove Box Market includes Europe, North America, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific is the expected to register highets growth rate throught forecast period. This is due to increase in investments for research and development in the chemical, food, automobile, and electronics industries is expected to be the major factor increasing the demand for glove boxes in this region. Moreover, the international companies are consistently importing low cost raw materials and low-cost glove box systems from this region. Asia-Pacific is one of the significant markets in the global glove box market owing to the presence of emerging economies, such as India and China, which is expected to play a key role in the overall demand over the forecast period.
Glove box is an enclosed section, wherein the object can be loaded/unloaded through the side box and can be manipulated from the gloves. The gloves are used to provide excellent resistance to abrasion and chemicals. The glove box with the thick, clear, and durable acrylic shell allows optimum visibility and remains impermeable to ambient atmospheric conditions. The operator can vary or maintain the pressure inside the glove box by an automatic pressure controller.
By Product Type
By End Use
|Market Size||2023: USD 220Million|
|CAGR||4.% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Coy Laboratory Products, Inc. (US), Cole-Parmer Instrument Company, LLC (US), Glove Box Technology Limited (UK), Vacuum Atmospheres Company (US), MBRAUN (Germany), Inert Corporation (US), LC TECHNOLOGY SOLUTIONS, INC (US), Banthrax Corporation (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)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
A CAGR of 4.14% is expected to present in the global market.
The market earning capability is estimated to rise from USD 152.38 million in the year 2017 to USD 193.23 million by the end of the forecast period.
The Intensifying awareness concerning laboratory safety is expected to open up new opportunities for development.
The product type, region, and end-use segments are estimated to propel the market growth in the coming period.
MBRAUN (Germany), LC TECHNOLOGY SOLUTIONS, INC (US), Inert Corporation (US), Vacuum Atmospheres Company (US), Banthrax Corporation (US) are a few of the competitors present in the market.
The lack of funding available may limit the options for innovation in the global market.
The Asia-Pacific is expected to have the strongest pull in the global market.