Increase in demand for medical and healthcare applications and rise in demand from chemical, oil & gas and petrochemical industries drive the growth of the global rubber gloves market. North America held the highest market share in 2020, and is expected to maintain its lead position by 2030. Manufacturing activities of rubber gloves halted due to disrupted supply of raw materials due to lockdown implemented in many countries.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global rubber gloves market generated $34.0 billion in 2020, and is projected to reach $122.5 billion by 2030, and is projected to witness a CAGR of 12.2% from 2021 to 2030.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The Rubber gloves market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
The disposable segment accounted for the largest market share in 2020, contributing to around two-thirds of the global rubber gloves market, and is anticipated to continue its leadership status during the forecast period. Moreover, this segment is projected to manifest the highest CAGR of 12.5% from 2021 to 2030. The report also discusses the reusable segment.
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Rubber gloves Companies Covered Market:- Ansell Ltd., Kimberly Clark Company, Hartalega Holdings Berhad Corporation, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Schield Scientific and Other.
The powder-free segment contributed to the highest market share, holding more than two-thirds of the total market share in 2020, and is expected to maintain its dominance throughout the forecast period. Moreover, this segment is projected to mangiest the largest CAGR of 12.5% from 2021 to 2030. The report also analyzes the powdered segment.
Analysis of COVID-19 impact:
The outbreak of the pandemic has had a massive impact on the majority of industries and the Rubber gloves market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Rubber gloves market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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