Increased Product Offerings Driving the Synthetic Rubber Gloves Market
The synthetic rubber gloves market was valued at US$9.597 billion in 2022.
Gloves are regarded as a vital element of the business since they protect a broad range of risks such as chemicals and substances that may impact the skins of individuals operating in a variety of industrial verticals. One of the primary factors positively affecting the market growth during the forecast period is the increasing popularity of these gloves due to the increased cases of latex allergy and the wide variety of applications of these gloves. Furthermore, due to the rise of end-user industries like healthcare, industrial and other segments, the market demand for synthetic rubber gloves is anticipated to grow in the coming years. Therefore, product launches from several manufacturing companies will drive market growth.
Cardinal Health, Kossan Rubber Industries Bhd, Top Glove Corporation Bhd, Molnlycke Health Care AB, Rubberex Spain S.L.U., Paul Hartmann AG, Ansell Ltd., Sempermed, and others are a few key major players in the synthetic rubber gloves market.
Cardinal Health, Inc. is a worldwide American health care services firm with headquarters in Ireland (EMEA) and Ohio. The firm focuses on pharmaceutical and medical goods distribution, reaching over 100,000 locations. Cardinal Health supplies medical supplies to more than 75% of hospitals in the United States. Medical and surgical items, such as surgical clothing, gloves, and fluid management tools, are also manufactured by the firm. Additionally, it also maintains one of the largest networks of radiopharmacy in the United States. The company offers a wide range of synthetic gloves that are primarily applicable to the healthcare industry like surgical gloves and others. The synthetic rubber gloves have a beaded cuff design that makes them easier to roll down along with an independent thumb design. Protexis Neoprene Essential, Protexis PI Classic, and Protexis PI Ortho Surgical gloves are a few synthetic rubber gloves offered by the company.
Top Glove Corporation Bhd is a Malaysian manufacturer of rubber gloves with 50 manufacturing locations in Thailand, Malaysia, China, and Vietnam. These nations, as well as the United States, Vietnam, Germany, and Brazil, have marketing offices. Top Glove had a stakeholder fund of RM6.95 billion as of February 2022, and the Group reached a sales revenue of RM1.45 billion in 2QFY2022. The company specializes in synthetic rubber gloves that have been proven to be applicable for a wide range of end-user industries like medical, cleaning, food and safety, and other industries. Biogreen biodegradable nitrile powder-free glove, bio green eco-friendly nitrile powder-free glove, bio green charcoal nitrile examination powder-free glove with the damp donning feature are a few synthetic rubber gloves offered by the company.
Kossan Rubber Industries Bhd is one of the largest manufacturers of gloves in Malaysia. It exports to over 90 countries and holds a compounding capacity exceeding 10,000 metric tonnes per annum. The company has an installed capacity of 33.5 billion pieces of gloves per annum. It offers technical rubber gloves, rubber disposable gloves, and cleanroom disposable PPEs. Rubber gloves apply to the healthcare industry along with cleaning and others. CS52 Chemax nitrile powder-free is a glove applicable for chemical handling and safety. These are available in the shade of white and blue.
Ansell Ltd. is an Australian firm that produces industrial and medical gloves. The firm protects over 25 industries, including healthcare, and sells 10 million gloves every year. It exports to approximately 100 nations worldwide. The company offers synthetic rubber gloves that are available for various purposes and have unique features. For instance, the AlphaTec® Rubber Cuff is designed to be used with AlphaTec® gas-tight chemical protection suits. It is attached to the AlphaTec® Bayonet Ring System and provides additional protection if the glove is broken. It fits snugly around the hand, prohibiting chemicals from entering the suit in the event of a glove rupture. It is adjustable and constructed of soft and elastic rubber.
Synthetic Rubber Gloves Market Scope:
| Report Metric | Details |
| Market Size Value in 2022 | US$9.597 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2022 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
|
| Companies Covered |
|
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
