Albany, NY -- (SBWIRE) -- 05/10/2017 -- Disposable gloves find a vast set of applications across a number of industries, including automotive, healthcare and pharmaceuticals, medicine, and food and beverages. Used primarily as a tool for protecting skin from coming in contact with the materials being used, to ensure that some reactive materials or harmful chemicals do not harm the concerned person or certain materials are not contaminated, disposable gloves find extensive demand across the globe. Disposable gloves are also being increasingly used across the consumer domain for household purposes such as cleaning and dishwashing.

The healthcare industry being one of the key consumers of a variety of disposable gloves, its thriving growth across developed as well as developing economies is expected to give a significant boost to the global market for disposable gloves in the next few years. Rising applications of these products across several non-traditional end-use sectors are also expected to drive the market in the next few years. However, certain factors such as the volatile prices of raw materials and fluctuations in international currency exchange rates are expected to hinder the growth of the market to a certain extent in the near future.

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Despite this, Transparency Market Research states that the market will tread along a healthy growth path over the report's forecast period. The market is projected to exhibit a promising 6.2% CAGR from 2013 to 2019, with the market's opportunity rising to US$7.85 bn by 2019.

Nitrile Gloves to Witness Increased Adoption

A variety of materials are used to manufacture disposable gloves, however, gloves made of natural rubber (latex) have been the dominant product variety in the global market. A number of reasons have enabled latex disposable gloves to gain the immense popularity they now enjoy, including inexpensiveness, excellent elasticity, and easy availability of its key raw material - natural rubber, throughout the globe. The segment of natural rubber or latex disposable gloves accounted for a significant 39.7% of the global market in 2012.

However, the segment is projected to lose market share over the report's forecast period, chiefly owing to rising cases of latex allergies among users. Due to this factor, users are increasingly turning towards gloves made of nitrile. The segment of nitrile disposable gloves is expected to exhibit a promising 6.8% CAGR from 2013 to 2019, the fastest when compared with other product varieties studied in the report.

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Asia Pacific to be Most Promising Regional Market

From a geographical perspective, the report covers the market for disposable gloves across regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the Asia Pacific market has been observed to be one of the most promising regional markets for disposable gloves. Exhibiting an excellent 6.7% CAGR in terms of volume, Asia Pacific is also expected to remain one of the fastest growing regional markets for disposable gloves over the report's forecast period.

North America led the global disposable gloves market in 2012, holding a massive 42.3% share in its overall valuation. The region continues to remain one of the leading consumers of disposable gloves owing to extensive usage across industries such as food processing, healthcare, and personal care. However, the market in North America is expected to witness sluggish growth over the report's forecast period owing to factors such as volatile prices of raw materials and currency fluctuations.

Some of the leading vendors operating in the global disposable gloves market are Hartalega Holdings Berhad, Adventa Berhad, Dynarex Corporation, Kossan Rubber Industries, Ansell Healthcare, Supermax, Top Glove Corporation, and Cardinal Health Inc.