Disposable Gloves Market to Rise at a CAGR of 7.7% During Forecast Period 2021-2031, TMR Study - Digital Journal

2022-10-02 23:45:26 By : Ms. Fannie Fang

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WILMINGTON, DE / ACCESSWIRE / September 14, 2022 / Transparency Market Research Inc. – In 2020, the value of global disposable gloves market stood at US$ 8.2 Bn. The global market is likely to rise at a CAGR of 7.7% during the forecast period, from 2021 to 2031. The global market is anticipated to attain valuation of US$ 18.5 Bn by 2031.Players in the global disposable gloves market are implementing administrative control and engineering mechanisms at healthcare institutions whilst still maintaining strong supply chains amidst the COVID-19 pandemic. As latex gloves are prohibited in many countries, producers are expanding the selection of alternatives including vinyl gloves, neoprene, and nitrile, to satisfy regulatory and consumer demands.

The automobile industry is likely to observe a rise in the use of nitrile mechanic gloves to shield workers from both major and minor garage risks. The automobile industry is estimated to account for the largest revenue share in disposable gloves market. By using these gloves, one can protect oneself from wheel bearings, dangerous chemicals, and brake pads. For tasks involving the handling of food, such as wet handling and dishwashing, neoprene gloves are employed. Janitorial tasks that don’t involve a lot of risk are done with vinyl gloves.

In the coming years, the North America region is anticipated to have significant development opportunities. The regional market is anticipated to grow at a 39.2% CAGR during the forecast period, from 2021 to 2031. There have been multiple outbreaks in the region lately, including H1N1, SARS, and COVID 19. Greater awareness about cleanliness has resulted from these outbreaks. OSHA and other major health-related agencies continue to encourage safe and sanitary workplace practices. Moreover, disposable gloves market demand analysis highlights that nations throughout the world are allocating a higher amount of their resources on health care. In North America, this is anticipated to open up a number of fresh market expansion potential.

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Key Findings of Market Report

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Global Disposable Gloves Market: Growth Drivers

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Global Disposable Gloves Market: Key Players

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Global Disposable Gloves Market: Segmentation

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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