The market for rubber gloves is highly competitive with few large players dominating both global and regional markets. All these companies have rolled out their production plans to increase their capacities, supply better products and to meet the increasing demand globally. Although the industry has maintained its growth momentum, the major bottlenecks are labor shortage, fluctuating NBR prices, imposition of minimum wage by Malaysia and hike in gas and tariffs.
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The key factors driving growth of the global rubber gloves industry include rising number of ageing population, increasing healthcare expenditure, accelerating awareness of hygiene and healthcare reforms with more stringent regulations, improvement in global economic growth, and increasing potential of emerging markets. Some of the noteworthy trends and developments of this industry are shifting demand from natural rubber glove to synthetic rubber glove, fluctuating Malaysian Ringgit and consolidation of the global industry.
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The report “Global Rubber Gloves Market” analyzes the development of this market, with focus on Malaysia’s rubber gloves industry. The major trends, growth drivers as well as issues being faced by the industry are discussed in detail in this report. The four major players in the industry, Top Glove, Kossan, Supermax and Hartalega, are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global rubber gloves industry along with the study of regional markets.
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