Abstract
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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