Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Rubber Gloves Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The rubber gloves market by revenue is expected to grow at a CAGR of over 13% during the period 2021-2026.
The global rubber gloves market by revenue is expected to witness 2.1X times the growth during the forecast period. The market is highly competitive, with a high scope for revenue opportunities and market expansion.
The scope for market growth is high with new entrants entering into collaborations and strategic ventures for market expansion activities. Government agencies are also concerned with public safety and are implementing reforms in healthcare and industrial standards that involve maximizing the use of gloves at workplaces. Ethical norms and corporate procedures further act as drivers for the use of gloves.
The momentum for safety gloves is expected to shoot up that can enforce the need for new innovations and developments following the COVID-19 pandemic where the scenario for shortage supply can be more certain owing to the sudden boom.
Global Rubber Gloves Market Segmentation
This research report includes a detailed segmentation by type, end-user, category, form, distribution, geography. Despite losing a share to the nitrile segment, the natural rubber gloves segment accounted for over 40% of the total volume in 2020. North America is expected to continue its dominance during the forecast period, anticipating an incremental growth of over 37 billion units.
The favorable rubber production in APAC countries is likely to sustain the market supply for natural rubber gloves. However, price fluctuations in raw materials and the increase in latex allergies are the major challenges that are expected to favor the use of synthetic ones and other alternatives.
INSIGHTS BY GEOGRAPHY
North America is the major consumer of rubber gloves, with the US dominating and leading the market. The onset of the COVID-19 pandemic in 2020 further made the country to realize the potential to stock up medical supplies to tackle similar situations in the coming years.
The region has some of the most rigorous safety practices that drive demand from several industries and sectors. With the favorable scenario for the rise of domestic vendors and profitable relationships with vendors in Malaysia and Europe, the surge in demand could enforce the region to sustain as the market leader during the forecast period.
As the market is poised for growth and opportunities, the number of players operating in the market could surge, which could also witness the rise of domestic players with mergers and acquisitions through international brands. Further, innovations in synthetic rubber categories such as neoprene, polyisoprene, and TPE could stand out from the competition as the North American market is always open to new product launches.
INSIGHTS BY VENDORS
The global rubber gloves industry is a highly competitive market with more than 250 recognized vendors across the globe. Factors such as comfort, dexterity, safety, comfort, and price play a major role in determining the demand and penetration of gloves in the market. Innovation serves as a key differentiator for brands to capitalize on the competition. Moreover, collaborations and M&A are helping companies to increase their global footprint. Major players in the industry are also consistently expanding their facilities to comply with the growing global demand from industries.
KEY QUESTIONS ANSWERED
1. What is the rubber gloves market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the rubber gloves market share?
3. What is the growth of the Asia Pacific rubber gloves market share during the forecast period?
4. Who are the leading vendors in the rubber gloves market?
Market Opportunities & Trends
Onset Of Pandemic Diseases
Preference For Nitrile Gloves
Growth In Cleanroom Technology
Market Growth Enablers
Concern Toward Personal Hygiene
Growing Medical And Surgical Applications
Rise In Medical Tourism
Rising Applications Of Reusable Gloves
Harmful Side Effects Of Latex
Rise In Environmental Impacts
Stringent Manufacturing Regulations
Top Glove Corporation Bhd
Kossan Rubber Industries Bhd
Hartalega Holdings Berhad
Other Prominent Vendors
Kanam Latex Industries Pvt. Ltd.
Unigloves (UK) Limited.
Supermax Corporation Berhad
The Glove Company
Molnlycke Health Care AB
Medline Industries Inc.
SAS Safety Corp
Winmed Sdn Bhd
Reflexx S.p.A Unipersonale
Protective Industrial Products Inc.
T. Arista Latindo
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 Covid-19 Impact
8 Market Opportunities & Trends
9 Market Growth Enablers
10 Market Restraints
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12.1 Market Snapshot & Growth Engine (Revenue)
12.2 Market Snapshot & Growth Engine (Unit Shipments)
12.3 Market Overview
13.1 Market Snapshot & Growth Engine (Revenue)
13.2 Market Snapshot & Growth Engine (Unit Shipments)
14.1 Market Snapshot & Growth Engine (Revenue)
14.2 Market Snapshot & Growth Engine (Unit Shipments)
14.3 Market Overview
15.1 Market Snapshot & Growth Engine (Revenue)
15.2 Market Snapshot & Growth Engine (Unit Shipments)
15.3 Market Overview
16.1 Market Snapshot & Growth Engine (Revenue)
16.2 Market Snapshot & Growth Engine (Unit Shipments)
16.3 Market Overview
19.1 Market Overview
19.3 Manufacturing & Construction
19.5 Oil & Gas
19.6 Commercial And Others
20.1 Market Snapshot & Growth Engine (Revenue)
20.2 Market Snapshot & Growth Engine (Unit Shipments)
20.3 Market Overview
21.1 Market Snapshot & Growth Engine (Revenue)
21.2 Market Snapshot & Growth Engine (Unit Shipments)
21.3 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/mqzdbb
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