Grand View Research, Inc. - Market Research And Consulting. According to report published by Grand View Research, The disposable gloves industry is anticipated to witness substantial growth over the forecast period owing to increasing demand in hospital and surgical applications.Growing demand for the product in several industries including automotive, food and beverages, pharmaceuticals, chemical and petrochemical, oil and gas, mining, industrial R&D, academic R&D, and cleanrooms is expected to promote market growth over the forecast period.
According to a report, “Disposable Gloves Market Size, Share & Trends Analysis Report By Material (Natural Rubber, Nitrile, Vinyl), By Product (Powdered, Powder Free), By End Use (Medical & Healthcare), And Segment Forecasts, 2018 - 2025" published by Grand View Research, Inc.,The global disposable gloves market size is expected to reach USD 14.93 billion by 2025 at a 7.8% CAGR during the forecast period. The industry is anticipated to witness substantial growth over the forecast period owing to increasing demand in hospital and surgical applications.
Key Takeaways from the report:
Natural rubber appeared as the largest raw material segment in 2017, accounting for 36.3% of the revenue. This is owing to superior properties and improved protection offered by the material in food processing and automotive industries
By product, the powdered disposable gloves segment is expected to register a CAGR of 4.4% and is likely to witness sluggish growth over the forecast period owing to the ban implemented by FDA on powdered disposable gloves in January 2017
Increasing use of disposable gloves in dental and veterinary fields for examination and surgeries is expected to drive demand for medical and healthcare applications. The segment accounted for a 70.1% of the revenue in 2017
Asia Pacific is anticipated to exhibit a CAGR of 8.6% over the forecast period. Increasing product demand is attributable to growing utilization of disposable gloves in the hospitals and food and beverages sectors
Major players have adopted sustainable solutions keeping in mind long-term benefits and procurement of high-quality raw materials. These materials are examined according to required standards for maintaining product quality.
Growing demand for the product in several industries including automotive, food and beverages, pharmaceuticals, chemical and petrochemical, oil and gas, mining, industrial R&D, academic R&D, and cleanrooms is expected to promote market growth over the forecast period. Stringent regulations regarding safety of workers will also benefit the market.
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Growing demand for the product in several industries including automotive, food and beverages, pharmaceuticals, chemical and petrochemical, oil and gas, mining, industrial R&D, academic R&D, and cleanrooms is expected to promote market growth over the forecast period. Stringent regulations regarding safety of workers will also benefit the market.
Rising importance of raw materials offering lightweight properties, comfort, higher heat resistance, and elasticity has been a major incentive for companies to conduct extensive R&D. These initiatives are primarily aimed at achieving multi-functionality of the product and widen its application scope by including innovative add-ons to existing designs.
Technological advancements and increasing concerns pertaining to employee health and safety are estimated to provide lucrative opportunities to market participants over the coming years. Product innovation and usage of sustainable raw materials for glove manufacturing are further estimated to positively impact the market over the next few years.
Grand View Research has segmented the global disposable gloves market on the basis of material, product, end use, and region:
Disposable Gloves Material Outlook (Revenue, USD Million, 2014 - 2025)
Natural Rubber
Nitrile
Vinyl
Neoprene
Polyethylene
Others
Disposable Gloves Product Outlook (Revenue, USD Million, 2014 - 2025)
Powdered
Powder Free
Disposable Gloves End-use Outlook (Revenue, USD Million, 2014 - 2025)
Medical & Healthcare
Surgical
Dental
Hospital
Veterinary
EMS
Others
Examination
Dental
Hospital
Veterinary
EMS
Others
Non-Medical
Automotive Finishing
Automotive Aftermarket
O&G and Mining
F&B Processing
F&B Service
Metal & Machinery
Chemical & Petrochemical
Pharmaceutical
Cleanroom
Academic R&D
Industrial R&D
Others
Disposable Gloves Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Indonesia
Australia
Latin America
Brazil
Argentina
Peru
Colombia
Mexico
Chile
Middle East & Africa (MEA)
Saudi Arabia
UAE
South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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