by Brianna Crandall — September 5, 2014—Online research database Market Reports Online has added a report on the growing rubber gloves market that may be of interest to janitorial, food service and healthcare professionals and others who use rubber gloves frequently. “Global Nitrile Gloves Market: Trends & Opportunities (2013-2018)” provides an in-depth analysis of the global rubber gloves market, with a detailed analysis of the nitrile gloves segment, which is on the rise. It also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry.
Rubber gloves are used to provide protection against germs, sticky items, stainable items and dirty objects. They are worn by professionals in a wide range of industries, from health care to janitorial to commercial food. In order to minimize potential exposure of the wearer to hazardous substances, the U.S. Food and Drug Administration (FDA) and other government bodies around the world have mandated broader use of protective gloves.
Previously, gloves made out of latex (natural rubber) were the prime choice for many applications. But with increasing cases of users reporting allergies to latex, nitrile gloves have emerged as one of the most sought-after products in the industry. Nitrile gloves are made from a form of synthetic rubber that is generally resistant to oil, fuel, and other chemicals, and are hence not likely to cause any allergies, according to the report. Due to these features, nitrile gloves are widely gaining wide industry acceptance.
Some of the key industry growth drivers include the need for protective gloves during viral outbreaks and pandemics, an increase in demand from Europe, mounting demand for disposable medical gloves worldwide, and rising healthcare opportunities in emerging nations. However, factors such as raw material price fluctuation, Malaysian Ringitt volatility, nitrile gloves price wars, and the minimum wage policy in Malaysia are impeding the industry’s growth, according to the report.
Noteworthy trends and developments of the industry include affordable pricing of nitrile gloves, aggressive expansion plans of leading industry players, and industry consolidations.
The report provides detailed coverage of the world’s largest nitrile glove exporter, which is Malaysia, and the largest importer, which is the United States. Growth of the industry has also been forecasted for the period 2014-19, taking into consideration previous growth patterns, growth drivers, and current and future trends. Further, key players of the industry such as Hartalega Holdings Berhad, Top Glove Corporation, Kossan Rubber Industries and Supermax Corporation Berhad are profiled.
“Global Nitrile Gloves Market: Trends & Opportunities (2013-2018)” is available for purchase from the Market Reports Online Web site.
