Rubber Gloves Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth

A report by Allied Market Research, titled "Rubber Gloves Market by Type (Powdered and Powder-Free), Product (Disposable and Reusable), Material (Latex, Nitrile, Vinyl, and Others), and End-user Industry (Healthcare, Food & Beverage, Automotive, Machinery, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030," highlights key trends and insights into the global rubber gloves market. According to the report, the global rubber gloves industry was valued at $34.0 billion in 2020 and is projected to reach $122.5 billion by 2030, growing at a CAGR of 12.2% from 2021 to 2030.

Market Drivers, Challenges, and Opportunities:

The global rubber gloves market is driven by the increasing demand in medical and healthcare applications, alongside heightened demand from chemical, oil & gas, and petrochemical industries. However, issues such as latex sensitivity and reduced tactile sensitivity of nitrile gloves pose challenges to market growth. Meanwhile, growing awareness of hygiene practices provides new avenues for market expansion.

Segment Insights:

Powder-Free Gloves to Dominate: The powder-free segment accounted for more than two-thirds of the market share in 2020 and is expected to lead through 2030, with the highest CAGR of 12.5%. This growth is driven by the rising demand from hospitals and laboratories.

Disposable Gloves to Hold the Largest Share: In terms of product, disposable gloves held the largest market share in 2020, comprising around two-thirds of the global market. This segment is expected to continue its dominance, with a projected CAGR of 12.5%, driven by demand from sectors such as food services, healthcare, and automotive.

Regional Analysis:

North America led the market in 2020, capturing nearly 40% of the global market share due to high demand from research and development sectors. However, the Asia-Pacific region is poised to witness the highest growth rate, with a projected CAGR of 15.0% during the forecast period.

Key Market Players:

The report profiles prominent players in the rubber gloves industry, including:

- Hartalega Holdings Berhad Corporation
- Atlantic Safety Products Inc.
- Kimberly Clark Company
- Kossan Rubber Industries Bhd
- Mapa Professional
- Ansell Ltd.
- Supermax Corporation Berhad
- Top Glove Corporation Bhd
- Schield Scientific
- Unigloves (UK) Limited

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/rubber-gloves-market-A11847

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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