China Becomes the Largest Potential Market for Rubber Glove

A foreign institute predicted lately that the world’s rubber glove market would keep a compound annual growth of 8.5% from 2015 to 2022.

Rising medical expenses, strengthening health threat, greater hygiene conscious, and medical laws boosted the market growth.

But foreign exchange risks, surging raw material prices and pricing competitive have been obstacles to the market development.

The U.S. is the largest market of rubber glove, but Asian markets grow faster.

As deepening medical and health awareness, rubber glove consumption in Asia, particularly in India, Pakistan and China, will increase, and the growth in the U.S. and Europe will continue.

The market has been divided into natural rubber globe and synthetic rubber glove by category. Geographically, the markets segmentation includes North America, European, Asia-Pacific, and others.

Malaysia is the world’s largest rubber glove supplier with a global market share of two third. The U.S. and Europe are the largest importers.

China, Malaysia, Thailand, Turkey and the U.S. are believed to be the largest potential markets.

Key participants in the rubber glove market include Hartalega Holdings, KossanRubber Industries, Supermax, Top Glove, Cleanwrap, Aya Union, and PKJ Group Houseware.