Global Disposable Gloves Market: Snapshot
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.
This
exhaustive report includes 27
data tables and 28
figures to give readers a 360° view of the Disposable
Gloves market.
Browse through this 113-page
report to know what factors will shape the market during the period
2013
– 2019
@
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.
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.
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