Global Rubber Gloves Market Outlook – Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Rubber Gloves market is expected to grow at a CAGR of 8.5% between 2014 and 2022. The factors such as rising healthcare expenditure, increasing health threats and increasing hygiene awareness and healthcare regulations are driving the market growth. Foreign exchange risks, rising raw material costs and pricing competition are hampering the market growth. The challenges of the market are to strengthen Dollar and reduce crude oil prices, industry consolidation and combined expansion plans of rubber gloves companies.
The U.S. represents the largest market for gloves, though Asian markets are the fastest growing. Consumption of rubber gloves to increase in Asia, particularly in India, Pakistan and China as healthcare awareness becomes crucial, while growth in other regions like United States and Europe would continue to boost exports as well. The industry is currently entering a technology transformation and most of the plants are highly automated and are less labor intensive. However, electricity, gas and water still remain the main challenges for the industry aside from the dip in the average selling price of both natural and synthetic rubber (SR) gloves.
Rubber Gloves market is segmented by type. Depending on the various types, market is segmented into natural rubber and synthetic rubber. Rubber Gloves market, by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World. Malaysia is the world’s largest supplier of rubber gloves, almost two-third of global market share. The US and Europe are the largest importers. China, Malaysia, Thailand, Turkey, and the United States are considered the largest potential markets in the upcoming years. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Rubber Gloves market include Hartalega Holdings Berhad, Kossan Rubber Industries, Supermax Corporation Berhad, Top Glove Corporation, CLEANWRAP Co. Ltd, Frank Healthcare Co. Ltd, AYA Union Co. Ltd, Jinjiang Jiaxing Groups Co. Ltd, PKJ Group Houseware and Shanghai Neo-Medical Co. Ltd.
A recent report published on the Rubber Gloves Market presents an analytical overview of the Rubber Gloves industry. It studies the global Rubber Gloves market in detail to update the stakeholders about the latest market trends, and help them in determining crucial business strategies. In a coherent chapter-wise format, the Rubber Gloves Industry report presents the findings from the analysis of the present Rubber Gloves market dynamics. Data included in these chapters are logically interspersed with infographics and graphical representations.
Information and statistics the analysts have referred to for compiling the Rubber Gloves report are obtained from trusted industrial sources and have been plausibly collated. The data sourced is filtered through several research stages using industry-leading analytical tools to ensure that the Rubber Gloves market report encompasses only authenticated data derived from validated industrial sources. To enrich the Rubber Gloves industry report with industry-specific statistics, relevant data is also sourced from the repository of financial records of the leading companies.
The report begins by introducing the global Rubber Gloves market. The products and services offered in the Rubber Gloves market are evaluated in-depth. To study the growth trajectory of the Rubber Gloves market, the report studies the development trends it has exhibited in the last couple of years. The prevailing competitive landscape of the Rubber Gloves market is analyzed in the report. It also presents an in-depth study on the development status of the Rubber Gloves market.
The report includes information obtained from Rubber Gloves industrial sources such as financial records of the leading companies operating in the global Rubber Gloves market, present market trends, historical statistics, and insights from industry experts. Using reliable and precise analytical tools such as SWOT analysis, the Rubber Gloves report studies the strengths and weaknesses of the leading companies. To measure the market size, the report has profiled key players of the industry.
SUPERMX (7106) - Global Rubber Gloves Market will approach to grow at CAGR of 8.5% by 2022
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7106, EN7106, GLOVE, KLSE:SUPERMX, SUPERMX, SUPERMX (7106), TOPGLOV (7113)
