Fort Collins, Colorado, May 13, 2024 (GLOBE NEWSWIRE) --
High demand for glovebox in the pharma industry drives market growth.
The glovebox market has experienced substantial growth, primarily propelled by the pharmaceutical industry's demands. Gloveboxes are pivotal in providing a controlled environment for manufacturing and handling sensitive pharmaceutical products like sterile injectables, biologic drugs, and cell therapies. With the media and pharmaceutical sector experiencing significant expansion, partly attributed to the pandemic's impact and increased infections and diseases, coupled with heightened investments from both public and private sectors, the demand for gloveboxes has surged. This growth in pharmaceutical manufacturing directly correlates with an escalated need for gloveboxes to ensure product quality, safety, and adherence to stringent regulations.
Furthermore, the electronic device manufacturing sector has emerged as another key driver for the glovebox market. Gloveboxes are extensively utilized in producing electronic components such as lithium-ion batteries, organic light-emitting diodes (OLEDs), and quantum dots, necessitating a controlled environment to prevent contamination and ensure optimal performance. With a rising demand for electronic devices and the increasing importance of high-quality components, the glovebox market in this sector is poised for substantial growth.
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Segmentation Overview:
The glovebox market has been segmented into product type, end-use, and region.
Pharmaceutical and biotechnology are the leading end-users
- The glovebox market is segmented by end-use into pharmaceutical and biotechnology, defense, electronic/ lithium batteries, and others. The pharmaceutical and biotechnology sector holds a significant share of the glovebox market's end-use segment. This can be attributed to the increasing demand for sterile and controlled environments in drug manufacturing, research, and development processes. The pharmaceutical industry's stringent product quality and safety regulations also drive glovebox adoption to minimize contamination risks.
Stainless steel is the leading product segment in the forecast period.
- Based on product type, the glovebox market is segmented into stainless steel, plastic, aluminum, and others. Stainless Steel holds a substantial share of the glovebox product type segment. This is due to its durability, resistance to corrosion, and ability to withstand harsh environments, making it a preferred choice for various industrial applications such as pharmaceuticals, chemicals, and electronics manufacturing.
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Glovebox Market Report Highlights:
- The glovebox market growth is anticipated at a CAGR of 4.9% by 2032.
- The market growth is driven by increasing demand for a controlled environment in the pharmaceutical industry and the growing adoption of gloveboxes in electronic device manufacturing.
- Asia Pacific is expected to observe significant growth during the forecast period. The demand is driven by increasing vehicle production in countries like China, India, Japan, and South Korea, which in turn drives the demand for automotive components, including gloveboxes.
- Some prominent players in the glovebox market report include Mbraun GmbH, Vacuum Atmospheres Company, Inert Corporation, Mikrouna, Plas-Labs Inc., Germfree Laboratories Inc., Coy Laboratory Products, Jacomex, Terra Universal Inc., TM Vacuum Products Inc., Cleatech LLC.
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