Global Rubber Gloves Market to grow at a CAGR of 14.25% between 2019 and 2024
The report published by Knowledge Sourcing Intelligence titled “Global Rubber Gloves Market- Forecast From 2019 to 2024” studies the various factors affecting the demand for rubber gloves across the globe. The report has been segmented by material (natural, synthetic), type (powdered, powder-free), grade (medical grade, industrial grade), end-use industry (healthcare, automotive, food processing, construction, oil and gas, chemical, and others), and geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Growing demand for medical gloves due to rising geriatric population and prevalence of chronic diseases is the major driver of the global rubber gloves market. The rapid rise in the awareness regarding infection control and precautionary measures against the recurrence of epidemic diseases such as SARS, H1N1, and Ebola is also significantly driving the demand for rubber gloves across the globe. Stringent workers’ safety regulations along with a high focus on hygiene and cleanliness at the workplace are escalating the use of rubber gloves in various industries including oil and gas, automotive, and food processing, thus positively impacting the growth of global rubber gloves market. However, fluctuating prices of raw materials are hindering the growth of the global rubber gloves market.
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Inelastic demand for gloves offsetting the ban on powdered gloves
By type, global rubber gloves market is segmented as powdered and non-powdered. High cases of latex allergies in the U.S. healthcare sector forced the FDA (the U.S. Food and Drug Administration) to ban the use of powdered medical gloves. This has boosted the demand for synthetic rubber (nitrile) gloves in the U.S. and some European countries. However, natural rubber (NR) glove manufacturers are tapping emerging markets including countries in the Asia Pacific region where the demand for NR gloves is increasing significantly.
APAC projected to witness the fastest regional market growth between 2019 and 2024
Geographically, global rubber gloves market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. APAC will witness the highest CAGR during the forecast period owing to rising investments in the healthcare sector and increasing awareness among people about hygiene and cleanliness. The booming medical tourism industry is also a contributing significantly to the growth of the APAC Rubber Gloves market.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global rubber gloves market. It consists of company profiles of the leading companies- Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Latexx Partners Berhad, Cardinal Health, Riverstone Holdings Limited, TOWA CORPORATION, RUBBEREX, Honeywell International Inc., MCR Safety, Longcane Industries Sdn. Bhd., DIPPED PRODUCTS PLC, UG Healthcare Corporation, Omar, Inc., and AMMEX.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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