The global rubber gloves market size was valued over US$ 2.9 Bn in 2020 and is expected to reach at a CAGR of 8.4% from 2021 to 2030.
As per research study, the global rubber gloves market size is projected to surpass over US$ 7.6 billion by 2030; prominence in treatment of age-related disorders/diseases, increase in usage of gloves in numerous surgeries, and surge in awareness about hygiene among patients and healthcare providers, owing to the COVID-19 pandemic are projected to drive the global rubber gloves market in the near future.
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.
Latex versus Latex-free Gloves: Which is Better?
Natural rubber latex gloves have established a strong presence in operating rooms to reduce the risk of infection for patients and clinicians across healthcare settings. These gloves are dusted with cornstarch powder to reduce surgical site infection and serious complications for perioperative patients. However, latex allergy has emerged as an issue, causing discomfort and inconvenience. Hence, manufacturers in the rubber gloves market are increasing the availability of latex-free gloves.
Latex allergy results in low productivity of clinicians, increases financial burdens for healthcare facilities, and can be potentially life threatening. However, latex-free gloves are associated with reduced dexterity and durability as compared to latex gloves. Hence, manufacturers in the rubber gloves market are weighing the pros and cons of latex and latex-free gloves to plan production accordingly.
Heavyweight Construction in Hybrid Vinyl Nitrile Gloves Preferred in Medical Industries
Hybrid vinyl nitrile gloves are storming the global rubber gloves market. This is evident since the market is predicted to expand at a favorable CAGR of 8.5% during the forecast period. Unigloves— the U.K.-based manufacturer of industry specialized disposable safety gloves is gaining popularity for its hybrid vinyl nitrile gloves, which offer superior level of comfort and dexterity as compared to conventional vinyl gloves.
Companies in the rubber gloves market are increasing their production capacities in latex-free and powder-free formulations in hybrid vinyl nitrile gloves. Food and medical grade hybrid vinyl nitrile gloves are being highly publicized for their heavyweight construction and long lasting attributes.
Dipping Technology Helps in Creating High Quality Rubber Gloves
Dipping baths are being used for natural and synthetic rubber gloves manufacturing, where metal or ceramic formers that mimic the shape of a hand are dipped in liquid latex and then dried. Companies in the global rubber gloves market such as Vaisala are using this technology with the help of liquid latex and other synthetic materials such as vinyl, nitrile, and synthetic polyisoprene.
The dipping technology has many variations where manufacturers are conducting the production in batches and continuous manner. They are focusing on adjusting the concentration of the latex, while dipping since it has a crucial effect on the final glove quality and durability.
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 2020. 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 2020.
Rubber Gloves Market: Prominent Regions
Asia Pacific held a major share of the global rubber gloves market in 2020. 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 2020. 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.
Rubber Gloves Market: Key Players
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.
Rubber Gloves Market, by Product Type
Rubber Gloves Market, by Production Type
Rubber Gloves Market, by Application
Rubber Gloves Market, by End User
Rubber Gloves Market, by Region
Scope of the Report
VRR’s report on the global rubber gloves market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the revenue of the global rubber gloves market for the period 2018–2030, considering 2021 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) for the global rubber gloves market during the forecast period.
The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ annual reports, press releases, and relevant documents to understand the global rubber gloves market.
Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global rubber gloves market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global rubber gloves market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global rubber gloves market.
The report delves into the competition landscape of the global rubber gloves market. Key players operating in the global rubber gloves market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global rubber gloves market that have been profiled in this report.
Key Questions Answered in Rubber Gloves Market Report
A unique research methodology has been utilized by VRR to conduct a comprehensive research on the growth of the global rubber gloves market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts during the global rubber gloves market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, device portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to VRR’s study on the global rubber gloves market’s primary sources.
These primary and secondary sources have provided exclusive information during interviews, which serves as a validation from rubber gloves market leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global rubber gloves market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global rubber gloves market more reliably and accurately.
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