$8.0 Billion Bn expected for Global Disposable Gloves Market at 5.5% CAGR by 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/26/2017 -- Zion Market Research has published a new report titled "Global Disposable Gloves (Natural Rubber, Vinyl, Nitrile and Others) Industry for Medical and Non-Medical (Food, Clean room, Industrial and Other) Applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2014 – 2020." According to the report, the global disposable gloves market was valued at around USD 5.2 billion in 2014 and is expected to reach approximately USD 8.0 billion by 2020, growing at a CAGR of around 5.5% between 2014 and 2020.
North America is a leading regional market for disposable gloves which accounted for around 40% share of the total volume consumption in 2014. Strong demand from healthcare and food industry is driving demand for disposables gloves in North America. North America is followed by Europe and Asia Pacific. Latin America and rest of the world accounted for a small share of the global market. However, demand for disposable gloves is expected to increase at a rapid pace in Asia Pacific and Latin America as compared to North America and Europe.
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Demand for disposable gloves in the healthcare industry is very high. Healthcare industry is expected to exhibit rapid growth rate due to alertness regarding hygiene among patients and medical professionals. It's useful to avoid infectivity between caregivers and patients medical examinations and procedures. Medical professionals commonly use disposable gloves during surgical operations. Disposable gloves find major applications in others industries such as food and automotive. These gloves are used in the food industry to handle fragile products as well as to protect the food from foreign contaminants. Disposable gloves are made of various products including natural rubber, neoprene, nitride, polyethylene and vinyl gloves. For the safety purpose use of gloves is high in different sectors like medical and food and beverage industry. Two commonly available types of disposable gloves in the market includes un-powdered and powdered. Mostly un-powdered gloves are being used in surgery.
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Some of the key players in the disposable gloves market include Top Glove Corp., Shield Scientific, Rubberex, MRK Healthcare, Supermax Corp., Ansell Healthcare, Adventa, Kossan Rubber Industries, Cardinal Health and Hartalega.
Powdered disposable gloves demand is on the rise due to its better disposability and high sterility properties. Moreover, cost efficacy is also one of the factors driving demand for disposable gloves across the world. Natural rubber disposable gloves dominated the market with above 38% share of the total consumption volume in 2014. Natural rubber disposable gloves were followed by vinyl and nitrile disposable gloves respectively. Others accounted for the small volume share of the total market 2014. High demand for natural rubber disposable gloves is mainly driving the growth of this market.
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With over 80% shares in total volume consumption, medical applications accounted for a very large chunk of the total disposable gloves market in 2014. Non-medical applications for disposable gloves are mainly comprised of food, cleanroom, and industrial applications.
This report segments the global market as follows:
Product Segment Analysis: Nitrile gloves, Vinyl gloves, Natural rubber gloves
Application Segment Analysis: Medical, Non-Medical(Food, Clean Room(Industrial))
Regional Analysis: North America(U.S.), Europe(UK, France, Germany), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa
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