Global Polyurethane Condom Market 2016-2020
About Polyurethane Condom
Polyurethane condoms were announced into Europe and the US in the early 1990s, in response to an apparent need for a latex alternative solution for the condom market. Polyurethane is hypoallergenic material, meaning people suffering from latex allergies can safely use these condoms.
Technavio’s analysts forecast the global polyurethane condom market to grow at a CAGR of 5.90 % during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurethane condom market for 2016-2020. To calculate the market size, the report considers the revenue generated through retail sales from retail outlets and online stores, for polyurethane condom products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyurethane Condom Market 2016-2020
Technavio recognizes the following companies as the key players in the global polyurethane condom market: Church & Dwight, Ansell, Reckitt Benckiser, and Sagami Rubber Industries.
Other Prominent Vendors in the market are: Shandong Geamay Latex Technology, Billy Boy, B Holding group, Sir Richard, Shandong Diligent Group, and Okamoto Industries.
Commenting on the report, an analyst from Technavio’s team said: “Over the past few years, the use of polyurethane condoms across developing nations has improved. This is demonstrated by the growing number of campaigns, promotions, and initiatives taken by the vendors and other agencies to enhance the awareness of benefits related to the use of polyurethane condoms. Moreover, the growing per capita disposable income and rising middle-income population will increase the adoption of high-priced advanced products such as thin and ultra-thin polyurethane condoms in the coming years.”
According to the report, with the indication of safe sex practices and increasing awareness, individuals are shifting their attitude for sexual wellness products. The shift in attitude is evident from the new players that have entered the market and are profitable in business, even in times when the global economy is undergoing a slowdown.
Further, the report states that the awareness and availability of other methods of contraception are posing a threat to the polyurethane condom market, which is facing stiff competition, for example from Copper-T implants, surgical sterilization, oral contraception, and IUDs. Along with condoms, these methods are also endorsed by the various governmental and non-governmental organizations for family planning.
Church & Dwight, Ansell, Reckitt Benckiser, Sagami Rubber Industries, Shandong Geamay Latex Technology, Billy Boy, B Holding group, Sir Richard, Shandong Diligent Group, Okamoto Industries.