Global Rubber Gloves Market: Industry Analysis & Outlook (2018-2022)
Rubber gloves are an important part of healthcare & foodservices industries, keeping their demand intact & consistent throughout the year. Rubber gloves are broadly classified into latex or natural rubber (NR) gloves and nitrile or synthetic rubber (SR) gloves. Rubber gloves can be divided into several other product categories as well, on the basis of the material used in making them, each having their own advantages & disadvantages. Rubber glove manufactures worldwide have been adopting a strategy of aggressive expansion to lower down their cost of production & maintain price competiveness. This could lead to a possible oversupply in the future, which would further normalize with increased demand.
The growth of the global rubber gloves market is likely to be driven by factors such as technological up-gradation, increased penetration of rubber gloves in emerging economies, increasing incidences of pandemic diseases, rising healthcare expenditure and escalating ageing population. The market is majorly trending with shift in consumer preference towards nitrile gloves, increasing demand for powder free latex, rising health awareness and increased capacity expansion. However, growth of market will also be hindered by volatility in raw material prices, natural gas tariff hike.
The report “Global Rubber Gloves Market: Industry Analysis & Outlook (2018-2022)” analyzes the development of this market, with focus on Malaysia. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: Top Glove Corporation, Kossan Rubber Industries, Hartalega and Supermax Corporation are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global rubber gloves market along with the study of the Malaysian market.