Rubber Gloves Market - Forecasts from 2019 to 2024

The global rubber gloves market is projected to grow at a CAGR of 14.25% to reach US$15.926 billion by 2024, from US$7.162 billion in 2018. The demand for rubber gloves is escalating majorly on account of high usage of these gloves across healthcare sector. Rising global geriatric population and prevalence of chronic diseases such as obesity and diabetes are boosting the need for more healthcare solutions and services which, in turn, is escalating the demand for rubber gloves globally. Stringent workers’ safety regulations along with strict regulatory standards regarding maintenance of hygiene at the workplace in industries such as food processing is also contributing significantly to the growth of global rubber gloves market. However, fluctuating raw material prices, especially natural rubber and butadiene nitrile, is hindering the growth of global rubber gloves market. Geographically, APAC is projected to witness the fastest regional market growth owing to rapid rise in the investments across healthcare sector in economies such as China, India, and Australia. Expanding medical tourism industry, especially in South East Asia, will further continue to bolster the growth of APAC Rubber Gloves market during the forecast period.

By type, global rubber gloves market is segmented as powdered and powder-free. Powder-free rubber gloves market will grow at a high CAGR during the projected period owing to the growing health concerns regarding the use of powdered gloves. Recent ban on the use of powdered gloves in healthcare facilities by the FDA is reducing the demand for powdered rubber gloves.

By end use industry, global rubber gloves market is segmented as automotive, oil and gas, healthcare, food processing, construction, chemical, and others. Healthcare accounted for the largest global rubber gloves market share in 2018 and is projected to continue its dominance till the end of the forecast period.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Global Rubber Gloves Market.

Major industry players profiled as part of the report are Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, and Latexx Partners Berhad among others.

Segmentation

The global rubber gloves market has been analyzed through following segments:

By Material
Natural
Synthetic

By Type
Powdered
Powder-Free

By Grade
Medical Grade
Industrial Grade

By End Use Industry
Healthcare
Automotive
Food Processing
Construction
Oil and Gas
Chemical
Others

By Geography
North America
U.S.
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
UK
Germany
France
Spain
Italy
Russia
Others

Middle East and Africa
Saudi Arabia
UAE
Israel
Others

Asia Pacific
China
Japan
India
Australia
Others