The research study conducted by Report Ocean on the “ Rubber Gloves Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Rubber Gloves Market is valued at approximately USD 20.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period of 2022-2029. A rubber glove is manufactured from the usage of natural rubber or synthetic rubber. The rubber glove offers properties such as waterproof, durability, and elasticity as it is made from natural or synthetic latex. The main purpose of rubber gloves is to provide protection for the hands while performing tasks involving chemicals and maintaining hygiene. The surging demand for rubber gloves in the healthcare industry, coupled with the rising number of government initiatives for industrial safety in various applications are the primary factors that are propelling the market demand across the globe.
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According to the Statista report, the Indian healthcare industry was estimated to be worth around USD 194 billion in 2020. Also, it is projected that the industry is constantly developing and is likely to reach nearly USD 372 billion by 2022. Therefore, the flourishing development of the healthcare industry is fueling the demand for Rubber Gloves, which is augmenting the market growth. In addition, the rising number of initiatives by the industry market players, as well as growing investment in R&D activities are offering various growth prospects to the market over the forecasting years. However, the imposition of stringent regulatory rules & regulations stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Rubber Gloves Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the space in terms of revenue, owing to the increase in medical and healthcare spending, as well as the growing requirement for protective gloves in metal production, food & beverage, and chemical sectors. Whereas, the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as flourishing growth of the end-use industry, rising awareness for maintaining hygiene by individuals, as well as increasing disposable income.
Major market players included in this report are:
Ansell Ltd.
Hartalega Holdings Berhad Corporation
Kimberly Clark Company
Kossan Rubber Industries Bhd
Top Glove Corporation Bhd
Supermax Corporation Berhad
Schield Scientific
Atlantic Safety Products Inc.
Unigloves (UK) Limited
Mapa Professional
Recent Developments in the Market:
In September 2022, Tripura is likely to receive a high share of ATMA’s (Automotive Tyre Manufacturers Association) with an investment of around USD 137.68 million (INR 11,000 million) in the overall northeastern region of India in order to boost the production of gloves, syringes, etc. based on rubber.
Global Rubber Gloves Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Type, Material, End-user Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Disposable
Reusable
By Type:
Powdered
Powder Free
By Material:
Latex
Nitrile
Vinyl
Others
By End-user Industry:
Healthcare
Food and Beverage
Automotive
Machinery
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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