Global Demand for Disposable Gloves to Rise at 5.70% CAGR Between 2013 and 2019, Reports TMR

Transparency Market Research has published a new research report titled “Disposable Gloves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” to their report store.

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Albany, NY -- (SBWire) -- 09/06/2016 --The intense competition between Top Glove Corp., Supermax Corp. Berhad, and Kossan Rubber Industries defines the competitive landscape of the global disposable gloves market , finds a report published by Transparency Market Research (TMR). In 2012, these companies together accounted for a share of nearly 40% in the overall market, demonstrating a moderately concentrated landscape.

Over the years, the rivalry between leading participants has intensified as they continue to expand their capacities in order to achieve better economies of scale and the scenario is not likely to change in the near future. The growing demand for latex gloves has led gloves manufacturers to backward integrate for rubber plantations, intensifying the competition within the market.

According to the report, the worldwide market for disposable gloves is likely to reach a value of US$7.8 bn by the end of the forecast period. Natural rubber gloves witnessed a higher demand than other disposable gloves in 2012, holding a share of 39.7%. The trend is anticipated to remain the same over the forecast period.

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Capital Support by Governments in Healthcare Industry to Ensure North America's Dominance

Geographically, the global disposable gloves market registers its presence in North America, Asia Pacific, Europe, and the Rest of the World, notes the research study. North America led the demand for disposable gloves in 2012 with a share of more than 42%. Supported by governments funding in the healthcare industry, the region is likely to continue its leading streak throughout the forecast period.

Asia Pacific is also expected to register a significant growth in the demand for disposable gloves at a CAGR of 6.70% over the forecast period. The growing awareness regarding hygiene, the increasing concerns pertaining to health threats such as SARS and H1N1, and the rising per capita expenditure on healthcare are the key driving forces behind the escalating demand for disposable gloves in this region.

Rise in Healthcare Expenditure to Influence Demand for Disposable Gloves

"The remarkable rise in healthcare expenditure has influenced the demand for disposable gloves significantly," states an analyst at TMR. With increased disposable income, consumers across the world are willing to spend more on healthcare and related practices.

The proliferation of SARS and H1N1 viruses and the growing awareness pertaining to the risks humans are exposed to due to poor hygiene are encouraging them to adopt good hygiene habits, of which, the usage of disposable gloves is an integral part. The report predicts the demand volume for disposable gloves to rise at a CAGR of 5.70% between 2013 and 2019.

Browse the full Research report at : http://www.transparencymarketresearch.com/disposable-gloves-market.html

Volatility in Raw Material Prices to Hinder Market Growth

Despite the benefits disposable gloves offer, their demand is likely to be hindered by the price volatility of raw materials. Rubber and nitrile latex hold almost 50-60% of the overall cost of disposable gloves manufacturing. Managing the volatility in their prices is increasingly becoming a challenging task for market players, which is leading to price fluctuation of final products. This trend may impact the global market negatively in the long run, states the research report.

The study presented here is based on a report by Transparency Market Research (TMR) titled "Disposable Gloves - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019."

The report segments the global disposable gloves market as:

By Product
-Natural rubber gloves
-Nitrile gloves
-Vinyl gloves
-Others (Neoprene, polyethylene, etc.)

By Application
Medical
Non-Medical
-Food
-Cleanroom
-Industrial
-Others

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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