PUBLISHER: The Business Research Company | PRODUCT CODE: 1436656
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436656
Rubber gloves are protective coverings worn on the hands to reduce exposure to hazardous environments. They serve various purposes, such as household cleaning and personal care, providing significant protection from chemicals, hot water, stains, dust, oil, and other substances.
The primary types of rubber gloves are powdered and powder-free gloves. Powdered gloves typically contain cornstarch powder and are made from materials such as natural rubber or latex, nitrile, neoprene, among others. They serve various end-users such as medical and healthcare, automotive, oil and gas, food and beverage, metal and machinery, chemicals and petrochemicals, pharmaceuticals, cleanroom, and others.
The rubber gloves market research report is one of a series of new reports from The Business Research Company that provides rubber gloves market statistics, including global market size, regional shares, competitors with a rubber gloves market share, detailed rubber gloves market segments, market trends and opportunities, and any further data you may need to thrive in the rubber gloves industry. This rubber gloves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.B83:B90
The rubber gloves market size has grown rapidly in recent years. It will grow from $22.91 billion in 2023 to $26.48 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth witnessed in the historic period can be attributed to increased awareness of health and hygiene, growth in the medical and healthcare industry, regulations in the food industry, adherence to occupational safety standards, and preparedness for pandemics.
The rubber gloves market size is expected to see rapid growth in the next few years. It will grow to $48.8 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period can be attributed to the elevation of standards in food safety, the expansion of the healthcare sector, an increased focus on infection control, adherence to occupational safety practices, and technological innovations in material science. Major trends expected in the forecast period include the expansion of usage beyond healthcare, sustainability initiatives in glove production, customization for specialized applications, strategic partnerships and collaborations, and emphasis on regulatory compliance and quality assurance.
Anticipated growth in the rubber glove market is attributed to the rising usage of gloves in various surgeries. Surgeons use rubber gloves to avoid direct contact with body fluids and surgical equipment. In 2021, the American Society of Plastic Surgeons reported a 3% increase in reconstructive surgical procedures, totaling $6.9 million. This increased adoption of gloves in surgeries is fueling the growth of the rubber glove market.
The rubber gloves market is poised for growth due to the surge in construction activities. Construction activities involve various processes and tasks in building structures, and rubber gloves provide essential protection against hazards. According to the U.S. Census Bureau, an estimated 1,595,100 housing units were started in 2021, reflecting a 15.6% increase from the previous year. The increase in construction activities drives the growth of the rubber gloves market.
Technological breakthroughs are the prevailing trend in the rubber gloves market, with major companies focusing on enhancing their positions through innovation. Ansell, an Australia-based manufacturer of protective industrial and medical gloves, exemplifies this trend. In September 2021, they launched HyFlex gloves, featuring Fortix technology for an improved grip and extraordinary dexterity. These gloves cater to industrial settings, providing keyless entry and enhanced safety when handling oil-coated objects.
Leading companies in the rubber gloves market are actively introducing new products such as biodegradable gloves to gain a competitive edge. Biodegradable gloves are designed to naturally break down into harmless components when exposed to environmental conditions. In May 2023, Cranberry International Sdn. Bhd., a Malaysia-based personal protective solutions company, launched the Bio Nitrile Biodegradable Nitrile Powder Free Examination Gloves. These gloves, incorporating a unique additive, facilitate microbial activity in landfills, achieving up to 90% biodegradation within 1.5 years while surpassing ASTM standards for strength and durability.
In July 2021, Honeywell International Inc., a US-based conglomerate corporation, entered into a partnership with Premier Inc., a US-based healthcare company, to address global supply concerns for nitrile exam gloves. The collaboration aimed to alleviate challenges faced by healthcare providers due to factors such as raw material scarcity, port closures, and increased glove usage during vaccination efforts. This initiative enhanced access to domestically manufactured gloves for U.S. hospitals and healthcare providers, with Honeywell supplying gloves to Premier's direct sourcing subsidiary, S2S Global.
Major companies operating in the rubber gloves market report are Cardinal Health Inc., Honeywell International Inc., 3M Company, Medline Industries Inc., Kimberly-Clark Corporation, Top Glove Corporation Bhd, Halyard Health Inc., Sri Trang Gloves Public Company Limited, Ansell Ltd., Kossan Rubber Industries Bhd, Ammex Corporation, Riverstone Holdings Limited, Supermax Corporation Berhad, Hartalega Holdings Berhad, Mapa Professional GmbH, Lakeland Industries Inc., Superior Gloves Works Limited, Memphis Glove Crews Incorporated, Showa Corp., Kanam Latex Industries Pvt. Ltd., Rubberex Corporation (M) Berhad, Dynarex Corporation, Sempermed USA Inc., Unigloves (UK) Limited, Shield Scientific BV, Atlantic Safety Products Inc., The Glove Company, Medicom Inc., Smart Glove Corporation Sdn Bhd, Clean Q Grip Sdn. Bhd, Uvex Safety Winter Holding GmbH& Co., Acme Safetywears Limited, Longcane Industries Sdn Bhd, RFB Latex Limited, WRP Asia Pacific Sdn Bhd, Comfort Rubber Gloves Industries Sdn Bhd, Latexx Partners Berhad, Southern Glove Inc.
Asia-Pacific was the largest region in the rubber glove market in 2023. The regions covered in the rubber gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the rubber gloves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The rubber glove market consists of sales of chloronite, vinyl, butyl rubber and neoprene. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Rubber Gloves Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on rubber gloves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for rubber gloves ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rubber gloves market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.