CAGR of 17.5% Forecasted for Neoprene in Global Cleanroom Disposable Gloves Market


Posted July 13, 2016 by bigmarket

Nitrile gloves holds second highest CAGR, i.e., 9.2% during 2014 to 2020 in the world cleanroom disposable gloves market.

 
Big Market Research has added a detailed report on the global cleanroom disposable gloves market from 2013 to 2020. The report presents a segmented study of the entire cleanroom disposable gloves industry based on type and geographical demand. The projected market size, share, and forecast are backed by primary inputs from corporate sources. According to its findings, the global cleanroom disposable gloves market is expected to reach $1.4 billion worth by 2020, registering a CAGR of 8.0% during 2014 to 2020. It also estimates that based on type, neoprene disposable gloves would witness highest demand as compared to other types, and its market is expected to grow at a CAGR of 17.5% during the forecast period.

Driving factors, such as a large base of consumers, stringent regulatory mandates, and the popularity of 'cleanroom-customized' gloves, influence the market growth. Given the current rate of adoption of clean room disposable gloves, its market is expected to reach 35.6 billion pairs by 2020.

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Natural rubber, or latex disposable gloves accounted for around two-fifths of the market share in 2013, and has continued its dominance over other variants till date. However, increase in reported incidence of allergies and consequent ban on these gloves have instigated an urgent need for non-allergic variants, such as, nitrile gloves. Apart from its non-allergic properties, nitrile gloves also possess additional properties such as resistance to puncture, anti-static properties, anti-slip grip and anti-fatigue properties. However, these types of gloves are not suitable for usage when subjected to hazardous conditions, such as exposure to extreme temperatures, radiation, chemicals and punctures. These challenges can be overcome by neoprene gloves; thus, making it the fastest growing market segment during the period of 2014 to 2020. However, neoprene gloves (cleanroom-customized disposable gloves) are priced higher than conventional gloves, which is a key restraint for the growth of this segment.

Nitrile gloves holds second highest CAGR, i.e., 9.2% during 2014 to 2020 in the world cleanroom disposable gloves market. Natural rubber, or latex gloves segment would account for the largest market share, both in terms of volume as well as value through 2020, followed by vinyl gloves. Asia-Pacific accounted for the 48% share of the global market in 2013, followed by North America with 28% share. China is projected to emerge as one of the most lucrative markets by 2020.

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The developed regions are expected to experience a decline in the upcoming decade due to the increasing installations of industrial robots. On the other hand, developing regions will witness a steady rise due to surplus workforce and outsourced pharmaceutical manufacturing operations. Thus, countries, such as China, India, Vietnam, and Philippines, are projected to register significant growth rate during the analysis period. Presently, U.S. leads the market in terms of volume and value. However, China would surpass the U.S. in the coming years and would subsequently emerge as a market leader. The companies profiled in this report include Ansell Healthcare, Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Ltd., Rubberex, Top Glove Corporation Berhad, Adventa Berhad, and Semperit AG Holding.
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Issued By Big Market Research
Country United States
Categories Research , Science
Tags cleanroom disposable gloves market , cleanroom disposable gloves market analysis , cleanroom disposable gloves market growth , cleanroom disposable gloves market trends
Last Updated July 13, 2016