Transparency Market Research released a new report called "Global Rubber Glove Market". The report shows that in 2019, the global rubber glove market is valued at more than 2.8 billion U.S. dollars, and the compound annual growth rate from 2020 to 2030 is expected to be 8.5%. surroundings.
Rubber gloves are used in various industrial and medical applications. These are made by using different types of rubber, depending on the requirements of the task. Nitrile rubber gloves or nitrile gloves and vinyl gloves are the most popular rubber latex gloves. Household gloves for dishwashing and other such applications are mainly made of latex; however, industrial gloves are made of the aforementioned high-performance synthetic rubber.
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In terms of product types, the global rubber glove market has been divided into latex, nitrile and vinyl/TPE/CPE. The nitrile section has been divided into two types with powder and without powder. According to the type of production, the global market is divided into direct impregnation, coagulant impregnation, and heat-sensitive impregnation. The coagulant impregnation part accounted for the main share of the global rubber glove market in 2019. Due to the increasing global demand for rubber gloves, this segment is expected to grow at a high compound annual growth rate during the forecast period.
In terms of application, the global rubber glove market is divided into examination gloves, surgical gloves, clean room gloves, household, industrial, and electronics. According to end users, the global rubber glove market has been divided into food industry, pharmaceutical and biotechnology, medical and health care institutions, etc. The healthcare sector has occupied an important share of the global rubber glove market in 2019.
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Rubber Glove Market: Outstanding Regions
The Asia-Pacific region accounted for a major share of the global rubber glove market in 2019. The presence of major players and the growth strategies adopted by these players are the main factors driving the rubber glove market in this region. North America accounted for the second largest share of the global rubber glove market in 2019. The growth of the market in this region can be attributed to the well-developed healthcare industry. During the forecast period, the North American rubber glove market may grow rapidly. The technological development of rubber gloves is another major factor that may promote the development of the rubber glove market in this region.
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Rubber glove market: major players
Due to lucrative opportunities to increase their share, major players are expanding their footprint to consolidate their position in the global rubber glove market. Therefore, manufacturers engage in new development, cooperation and distribution to gain market share. Leading companies operating in the global rubber glove market include Ansell Healthcare, Hartalega Holdings Berhad, Top Glove Corporation Bhd, Cardinal Health, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Clean Q Grip, SHIELD Scientific, Rubberex, UG Healthcare Corporation and Sri Trang gloves (Thailand) Public Limited Company.
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