Lewes, DE -- (SBWIRE) -- 01/09/2019 -- Global Rubber Gloves market will register a 8.5% CAGR in terms of revenue, reach US$ 7300 million by 2023, from US$ 4470 million in 2017.

Rubber gloves, as the name implies, are gloves made of various types of rubbers, either in a combination with other materials, such as textiles, plastics, or only rubber. They cover a wide range of applications, ranging from medical gloves to utility gloves for almost any kind of work.

This type of gloves can be supported, meaning they have a rubber coating under a textile or knit underlying layer, or unsupported, meaning they are made of rubber only. The most common application for rubber gloves is chemical protection while working with dangerous substances such as oils, acids or hazardous solvents. They can also be worn during dishwashing, as they can protect the skin and hands from the detergent. Rubber gloves can also be used while working in care center when treating young children or older people, specifically when dealing with fecal matter or urine.

The technical barriers of rubber gloves are relatively low, and the rubber gloves market concentration degree is lower. The supply of the rubber gloves is concentrated in the China and Southeast Asia regions such as Malaysia, Indonesia and Thailand. The four countries totally produce about 95% of the total rubber gloves in 2017.

Driven by the global annual consumption of medical examination and surgical gloves from the healthcare industries, as well as the greater demand of cleanroom gloves from manufacturing industries, the demand of rubber gloves is largely concentrated in the developed countries. USA, Europe and Japan are dominating the market consume, with more than 74% sales share in these three countries, although they only make up around 20% of the world total population. However, in recent years, China, India, and other developing countries are catching up, as their populations grow rapidly and expenditure on healthcare also sees an upward trend. It is thus believed that the future growth of the market will be mostly driven by the developing countries.

The industry can be further classified as Natural Rubber (NR) gloves and Synthetic Rubber (SR) gloves. Latex rubber gloves were once the most popular type of rubber gloves in the market. However, they have been gradually substituted by different types of synthetic rubber gloves because people get allergic to latex rubber. In 2017, Nitrile Gloves takes more market share, with about 46.49% and 106126 Million Pieces output.

Over the next five years, study projects that Rubber Gloves will register a 8.5% CAGR in terms of revenue, reach US$ 7300 million by 2023, from US$ 4470 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Rubber Gloves market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Natural Rubber Gloves
Nitrile Gloves
Others

Segmentation by application:
Household
Industrial
Healthcare
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Top Glove
Kossan
Supermax
Hartalega
Sempermed
YTY Group
Tan Sin Lian
Riverstone
Rubbercare
Ansell
DPL
Kanam Latex
Comfort Rubber Gloves Industries
Yuyuan
Dayu
Xingyu
Haojie
Suzhou Colour-way
Dengsheng
Hongyu
Tianjiao Nanyang
Baimei

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Rubber Gloves consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Rubber Gloves market by identifying its various subsegments.
Focuses on the key global Rubber Gloves manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Rubber Gloves with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Rubber Gloves submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 177 pages "Forecast of Global Rubber Gloves Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Rubber Gloves by Players, Rubber Gloves by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Rubber Gloves Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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