China, India, Vietnam and Philippines set for double digit growth rate from 2014-2020
According to a recent report by Allied Market Research entitled, “Global Cleanroom Disposable Gloves Market (Product Types and Geography) – Size, Share Trends, Regional Trends, Segmentation and Forecast, 2013-2020”, the global cleanroom disposable gloves market is expected to reach $1.4 billion by 2020, registering a CAGR of eight per cent during 2014-2020. Neoprene disposable gloves would emerge as the fastest growing segment, at a CAGR of 17.5 per cent during the forecast period.
In order to maintain aseptic and contaminant-free environment during production, controlled environmental conditions are the prerequisites for pharmaceutical, semiconductor and electronics manufacturing companies. The prerequisites can be achieved by setting up distinct and separate cleanrooms, which necessitates the need for clean room disposable gloves in the production environment. Factors such as a large base of consumers, stringent regulatory requirements and the popularity of ‘cleanroom – customised’ gloves are driving the growth of the market. Following the positive strides in the adoption of the clean room disposable gloves, the market is expected to reach 35.6 billion pairs by 2020. Natural rubber/ latex disposable gloves, despite its conventional nature, continues to dominate the market. It held about 2/5th of the market share in 2013 making it the leading market segment, and shall continue to lead the market during forecast period. Unchallenged physical attributes such as comfort and dexterity supplement the growth of natural rubber/ latex gloves.
The study finds that nitrile gloves hold second highest CAGR i.e., 9.2 per cent during 2014-2020 while natural rubber/ latex gloves 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 per cent of the global market in 2013, followed by North America, at 28 per cent of the global market share. China emerges as one of the most lucrative markets during 2014-2020.
Geographically, the market share of developed countries in the global cleanroom disposable gloves market is expected to decline due to the use of industrials robots; whereas, the developing nations would witness a steady rise in their market share due to surplus work force and outsourced pharma manufacturing operations. Thus, countries such as China, India, Vietnam, and Philippines exhibit a double digit growth rate during the analysis period. Presently, US is leading the market in terms of volume and value; however, China would surpass US in the coming years and would subsequently emerge as a market leader.