Rubber Gloves Market Future of Market Research Emerging Trends and Innovations

Allied Market Research has released a report on the rubber gloves market. It states that in 2020, the global market for rubber gloves was valued at $34 billion and is expected to reach $122.5 billion by 2030, with a compound annual growth rate (CAGR) of 12.2% from 2021 to 2030. The report provides insights into market trends, segments, investment opportunities, and competitors, beneficial to market players, investors, and new entrants. The rise in hygiene care in hospitals and extensive use of gloves in oil & gas and automotive sectors are contributing to market growth. The pandemic has also increased demand from the general public.

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However, the market growth is affected by low tactile sensitivity of nitrile gloves and latex sensitivity. Despite this, the rise in demand from medical, healthcare, chemical, oil & gas, and petrochemical industries is boosting the market. The pandemic has also positively impacted the market growth with increased demand from the healthcare and residential sectors, and investments from government agencies. The report also provides a detailed analysis of the impact of the Covid-19 pandemic on the millimeter wave technology market.

Segment-wise analysis of the rubber gloves market is based on type, material, end-user industry, and region. The powder-free segment held the largest market share in 2020 and is expected to dominate throughout the forecast period. The disposable segment accounted for the majority of the market share in 2020 and is anticipated to lead the market till 2030. Region-wise, North America dominated the market share in 2020, but Asia-Pacific is expected to have the fastest growth.

Key players in the market include Hartalega Holdings Berhad Corporation, Ansell Ltd., Kimberly Clark Company, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Atlantic Safety Products Inc., Schield Scientific, Unigloves (UK) Limited, and Mapa Professional.

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