Global Disposable Gloves Market is Expected to Reach USD 7.85 Billion by 2019: Transparency Market Research
Albany, New York (PRWEB) May 22, 2014 -- According to a new market report published by Transparency Market Research, "Disposable Gloves (Natural Rubber, Vinyl, Nitrile and Others) Market for Medical and Non-Medical (Food, Cleanroom, Industrial and Other) Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the global disposable gloves market was valued at USD 5.21 billion in 2012 and is expected to reach USD 7.85 billion by 2019, growing at a CAGR of 6.2% over the forecast period from 2013 to 2019. In terms of volume, global disposable gloves market was 200.18 billion pieces in 2012.
Browse Global Disposable Gloves Market Report with Full TOC: http://www.transparencymarketresearch.com/disposable-gloves-market.html.
Increasing healthcare spending and growing non-traditional end use industries mainly in the emerging economies of Asia Pacific and Latin America is expected to boost the market for disposable gloves over the next six years. In addition, necessity for self protection and hygiene is also expected to fuel demand for disposable gloves especially in the food industry. Disposable gloves are majorly used by industries such as healthcare, food and automotive, as a protection tool while working with chemicals, reactive or unhygienic materials. However, volatile raw material price and currency fluctuations are expected to hamper market growth over the forecast period. Looking into this fact, the glove manufacturers have therefore switched to short term projects to lower the risk of currency fluctuations by loosing on USD: MYR (The Malaysian Ringgit) volatility.
North America emerged as the market leader with 42.3% of the global demand in 2012. Growing threats from infectious diseases and investments by the U.S. government in healthcare industries has resulted into a well-developed market for disposable gloves in this region. However, the market is quite saturated and other regions are likely to witness comparatively stronger growth. Europe is the second largest consumer of disposable gloves and is expected to grow at a CAGR of 5.4% over the forecast period. Asia Pacific, riding on the high growth in countries such as China and India, is anticipated to be the fastest growing market in terms of volume over the forecast period of next six years. The region accounted for 15.3% of global market of disposable gloves in 2012 and is expected to grow at a CAGR of 6.7% from 2013 to 2019. RoW which includes Latin America, the Middle East and Africa is expected to be the fastest growing market through 2019.
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The disposable gloves market is concentrated with top six players holding more than 50% of the global market. Some of the key manufacturers of disposable gloves include, Top Glove Corporation, Supermax Corporation Berhad, Kossan Rubber Industries, Hartalega Holdings Bhd, Latexx Partners and Adventa Health among others.
The report segments the disposable gloves market as,
Disposable Gloves Market: Product Segment Analysis,
- Natural rubber gloves
- Nitrile gloves
- Vinyl gloves
- Others (Neoprene, polyethylene, etc)
Disposable Gloves Market: Application Segment Analysis,
- Medical
- Non-Medical
- Food
- Cleanroom
- Industrial
- Others
Disposable Gloves Market: Regional Segment Analysis,
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse Global Disposable Gloves Market Report with Full TOC: http://www.transparencymarketresearch.com/disposable-gloves-market.html.
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Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]
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