What are Gloves?
Gloves are a type of hand covering
that are worn to protect the hands from the elements, to provide warmth, or to
protect them from injury or contamination. Gloves can be made from a variety of
materials, including leather, rubber, latex, neoprene, and fabric.
Gloves are commonly used in a variety
of settings, including healthcare, food service, construction, and industrial
environments. In healthcare settings, gloves are used to prevent the spread of
infection and to protect healthcare workers from exposure to bodily fluids. In
food service, gloves are used to prevent contamination of food by hands. In
construction and industrial settings, gloves are used to protect workers from
cuts, punctures, and other hazards.
The global gloves market was valued at
$48.0 billion in 2017, and is projected to reach $118.5 billion by 2025,
registering a CAGR of 8.6% from 2021 to 2025.
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The global gloves market refers to the
market for gloves of all types, including disposable gloves, work gloves,
medical gloves, and sporting gloves, among others. This market has seen
significant growth in recent years due to increased demand for protective
equipment in various industries and increased awareness of the importance of
hand hygiene.
On the basis of type, the disposable
sterile gloves segment held the dominant share in 2017, owing to the factors
such as wide usage of these gloves by medical practitioners during surgical or
examining procedures. Further, disposable gloves made using vinyl or natural
rubber are generally used for low-risk general procedures, including
non-invasive physical examination applications.
Key
Findings of the Study-
Disposable sterile gloves segment is
projected to grow at a significant CAGR of 8.5% during the forecast period.
North Americawas the second leading
region in the market, accounting for largest share in 2017.
Medical segment was the leading
segment in the market, accounting for market share in 2017
Asia-Pacific region is the fastest
growing region, contributing the highest share in 2017.
By industries, the electronics and
automotive segment occupied the largest market share in 2017. The growth of the
segment is due to factors such as precision electronic components and equipment
installation handling.
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The gloves market is highly
competitive, with a large number of players operating at the global and
regional levels. Some of the key players in the market include
3M Company,
Ansell Limited,
Cardinal Health, INC.,
Honeywell International INC.,
Hartalega Holdings Berhad,
Kimberly-Clark Corporation,
Kossan Rubber Industries BHD,
Rubberex Corporation (M) BERHAD,
Semperit AG HOLDING,
and Top Glove Corporation BHD
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