Rubber glove market to surpass $7.6 billion by 2030
Pune, India – Transparency Market Research has published a new report titled, ‘Global Rubber Gloves Market’. According to the report, the global rubber gloves market was valued over US$ 2.8 Bn in 2019 and is projected to expand at a CAGR of 8.5% from 2020 to 2030. Rubber gloves are protective hand covers worn to reduce human exposure to dangerous or harmful environments. Rubber hand gloves are used in various industrial and medical applications. These are made by using different types of rubber depending upon the requirement of the task. Nitrile rubber gloves or nitrile gloves and vinyl gloves are the most popular rubber latex gloves. Household gloves used for dishwashing and other such applications are made primarily of latex; however, industrial gloves are made from high performance synthetic rubber types mentioned above.
In terms of product type, the global rubber gloves market has been classified into latex, nitrile, and vinyl/TPE/CPE. The nitrile segment has been bifurcated into powdered and powder-free. Based on production type, the global market has been categorized into direct dipping, coagulant dipping, heat sensitive dipping, and others. The coagulant dipping segment accounted for major share of the global rubber gloves market in 2019. The segment is anticipated to expand at a high CAGR during the forecast period, owing to rise in the demand for rubber gloves across the world.
In terms of application, the global rubber gloves market has been divided into examination glove, surgical glove, clean room glove, household, industrial, electronics, and others. Based on end user, the global rubber gloves market has been split into food industry, pharmaceuticals & biotechnology, healthcare institutes, and others. The healthcare institutes segment held significant share of the global rubber gloves market in 2019.
Asia Pacific held a major share of the global rubber gloves market in 2019. Presence of key players and growth strategies adopted by these players are the major factors driving the rubber gloves market in the region. North America accounted for the second largest share of the global rubber gloves market in 2019. The growth of the market in the region can be attributed to a well-developed healthcare sector. The rubber gloves market in North America is likely to grow at a rapid pace during the forecast period. Technological developments in rubber gloves is the other major factor likely to propel the rubber gloves market in the region.
Key players are expanding their footprint to consolidate their positions in the global rubber gloves market due to lucrative opportunities to increase their share. Hence, manufacturers engage in new development, collaborations, and distribution to gain market share. Leading players operating in the global rubber gloves market include Ansell Healthcare, Hartalega Holdings Berhad, Top Glove Corporation Bhd, Cardinal Health, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Clean Q Grip, SHIELD Scientific, Rubberex, UG Healthcare Corporation, and Sri Trang Gloves (Thailand) Public Company Limited.