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Brazilian Industrial Protective Gloves Market
Frost & Sullivan, Nov 2011, Pages: 89
The boom in the construction and automotive industries fuels demand for protective gloves
This research service analyses the Brazilian industrial protective gloves market which is divided into four major segments:
- mechanical protection
- thermal protection
- chemical protection
- special protection
The total industrial protective gloves market is in the growth stage and is witnessing a rise in demand and innovation. The gloves protection market has been driven by the growth of end user sectors, such as petrochemicals, mechanical, and oil and gas industries. The reformulation of Brazilian regulatory framework for personal protective equipment and the increasing end user awareness about the importance of using gloves to reduce work injuries are crucial factors driving the market.
Summary of Key Findings:
- There are several Chinese companies operating in the Brazilian market. A Frost & Sullivan survey conducted with industrial protective gloves market participants shows that most local companies think that Chinese companies still do not generate an impact on the local market.
- With strong Brazilian regulations, which acts as a barrier to entry, foreign companies must ensure their products get the certificate of approval from Brazilian authorities.
- All industries have to use personal protective equipment, in accordance with the current regulations in Brazil.
- The growth of industries helps in the growth of the market for personal protective equipment, including industrial protective gloves.
- For the next six years the end user that is likely to the experience the highest growth rate is construction. New technologies, public and private investments, and foreign companies are expected to boost growth in this segment.
Strategic Conclusions:
- The market for industrial protective gloves is estimated to be much bigger than official numbers show. Most market participants do not cover the entire market, being focused on specific end-user companies with significant share. Consequently, due to the presence of a great number of small end-user companies, there is still a large untapped market and a greater chance for market development.
- This market is highly competitive, largely due to the high number of market participants. With the implementation of regulations and increased surveillance, the number of companies is likely to grow in the coming years, thereby increasing the competition in the market. To deal with the high level of competition, it is essential that a company attains success and remains competitive in this market. The factor most valued by end users is the competitive price, which takes precedence over comfort and quality.
- Industries are expected to grow in the coming years, and the demand for personal industrial protective gloves is also likely to increase. Events such as the World Cup and the Olympics bring investment opportunities in the country, and market participants should utilize such opportunities to capture market share.
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