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Global Rubber Gloves Market: An Analysis
Koncept Analytics, March 2009, Pages: 28
The global demand for rubber gloves has increased due to recent regulations on occupational safety. The demand for rubber gloves is expected to grow by 10% per annum. At present though rubber gloves has not been affected much from the global crisis, the smaller manufacturers are facing stiff competition and higher operational costs given the volatile latex prices over the past two years.
The strong growth partly reflects higher selling prices following the rise in natural gas and latex prices in mid-2008. The demand for rubber gloves is increasing from India, China and Vietnam due to increase in health and hygiene awareness. Currently, Malaysia exports rubber gloves to the US, European Union, Latin America, China and India. Demand for lower-end powdered latex gloves is popular among developing countries whose end-users are more cost-conscious. Powder-free latex and nitrile gloves are preferred by developed countries namely the United States and Europe.
Malaysia is the largest worldwide exporter of rubber gloves whereas Thailand accounts for less than half of the Malaysian market share. Malaysia’s strength is its productive labor. Each worker in the rubber gloves industry in Malaysia is estimated to be nearly three times more productive compared to Thailand and twice to Indonesian workers.
The awareness of healthcare and hygiene is driving the demand for rubber gloves in the developed countries. Regulations have played a key role in the growing rubber gloves demand, by making it mandatory in all types of industries. The ageing population is another factor influencing demand for healthcare expenditures; the world’s population aged above 80 has been increasing at a rapid rate of 3% over the past 20 years.
This report analyzes the rubber gloves market. It gives an overview of the global rubber gloves market with rising demand trends. It talks about top exporting countries and further discusses Malaysian market and export destinations of Malaysia. The opportunity section highlights scope for Nitrile Gloves in the present market scenario by replacing Natural Latex Gloves. The report also discusses leading players in the market, with an overview of their business and strategies.
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