The Synthetic Gloves Market was valued at US$XX billion in 2018 and is projected to expand at a CAGR of XX.XX% over the forecast period to reach US$XX billion by 2023. Gloves are an integral part of the work life as work and job sites often have chemicals, substances or material that can cause skin damage and provoke allergic reactions. Rising safety concerns at workplace and household is driving the demand for synthetic gloves. The fact that a number of people are allergic to latex (natural rubber) is further fueling the demand for synthetic gloves. Synthetic gloves made up of nitrile, vinyl and etc. are latex free, are fairly stable with the price, and are not allergic materials. The market is expected to grow at a fast pace owing to the rising adoption of synthetic gloves by different industries such as aerospace and strict regulation being imposed on industries for the use of gloves.
By material, the synthetic gloves market is segmented as vinyl, nitrile, noeprene, synthetic polyisoprene and others. Others include vitrile, polyvinyl chloride (PVC), polyvinyl alcohol (PVA) and etc. Nitrile gloves holds a significant share in the market as it is the ideal alternative to the latex material. They are increasingly being used as protective gloves in medical and industrial sector because of price stability and improved manufacturing techniques being used in the production of nitrile.
By End-User Industry
By end-user industry, the synthetic gloves market is segmented as healthcare, food and beverages, automotive, chemical and others. Others include building and construction, electrical, petrochemicals and etc. Healthcare, chemical and food and beverages industry holds a major share in the market owing to the increasing worker’s safety and regulations at the workplace.
Geographically, the synthetic gloves is segmented as North America, Europe, Middle East & Africa, Asia-Pacific and South America. North America and Europe holds a significant share in the market owing to the strict regulations in place for the use of synthetic gloves. For an instance, EN388/2003 is the mandatory standard in European Union countries, South America and Canada.
The synthetic gloves market is competitive owing to the presence of large number of global as well as regional players in the market. The key players include Ansell, Cardinal Health, Inc., Kossan Rubber Industries Bhd, B. Braun Melsungen AG, PAUL HARTMANN AG, RUBBEREX, Top Glove Corporation Bhd, Halyard Health, Inc., 3M and RFB Latex Limited.
The synthetic gloves market has been analyzed through following segments:
By End-User Industry
Food and Beverages
Middle East and Africa
Key insights offered
What will be the synthetic gloves market size from 2018 to 2023?
How are the major drivers and restraints affecting the synthetic gloves market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behavior
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.