Rise in demand for medical and healthcare applications and increase in demand from chemical, oil & gas and petrochemical industries fuel the growth of the global rubber gloves market.
The findings of the report state that the global market for rubber gloves generated $34.0 billion in 2020, and is expected to garner $122.5 billion by 2030, witnessing a CAGR of 12.2% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.
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Eswara Prasad, the Manager, Materials & Chemicals at Allied Market Research, highlighted, “The rise in hygiene care in hospitals led increased the consumption of rubber gloves by sweepers and nurses. Moreover, extensive use of these gloves in oil & gas and automotive application also benefits the market growth. The pandemic has also helped boost the market growth with increased demand from the general public.”
The powder-free segment held more than two-thirds of the global rubber gloves market share in 2020, and is expected to dominate throughout the forecast period. Moreover, this segment is projected to mangiest the largest CAGR of 12.5% from 2021 to 2030. This is attributed to rise in demand for rubber gloves from hospitals and laboratories.
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North America accounted for the major share in 2020, holding nearly two-fifths of the global rubber gloves market, due to extensive demand of rubber gloves from the R&Ds activities conducted in this continent. However, the market across Asia-Pacific is expected to cite the fastest CAGR of 15.0% throughout the forecast period.
The leading market players analyzed in the global rubber gloves market report include Hartalega Holdings Berhad Corporation, Ansell Ltd., Kimberly Clark Company, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Atlantic Safety Products Inc., Schield Scientific, Unigloves (UK) Limited, and Mapa Professional.
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