Global Rubber Gloves Market to See Demand Shift, Says a 2014 Research Report

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Aug 26, 2014, 05:45 ET

DALLAS, August 26, 2014 /PRNewswire/ --

MarketReportsOnline.com adds, "Global Rubber Gloves Market Report: 2014 Edition" research report of 67 pages, published in August 2014, to its store. As per this research, Malaysia holds the prestige of retaining its position as the world's largest supplier of rubber gloves, commanding over two-third of global market share. The US and Europe are the largest importers, especially of nitrile gloves. The demand for rubber gloves is mainly driven by improvement in healthcare, increasing awareness of hygiene, healthcare reforms with more stringent regulations following outbreak of diseases like H1NI influenza and the Middle East respiratory syndrome coronavirus (MERS-CoV) in recent years. In addition, improvement in global economic growth, increasing healthcare spending, escalating potential of emerging markets and growing non-traditional end-use industries are also expected to fuel the demand for rubber gloves.

Rubber gloves are primarily made of latex (natural rubber), which is the original conventional material. Due to elasticity and inexpensiveness, latex gloves dominated rubber gloves market for a long time. However, the trend is shifting towards synthetic rubber, with nitrile gloves holding half of the global market now. Rising awareness regarding latex allergies have led to increased innovation and technology breakthroughs in synthetic variants. The number of health care facilities going entirely latex-free continues to grow, as glove manufacturers work to create a synthetic product that matches the low cost and tactile sensitivity that have made natural rubber latex the longtime preference of customers. Nitrile gloves are available in powdered and non-powdered forms for various medical and industrial applications.

The "Global Rubber Gloves Market: 2014 Edition" research report says volatile raw material price, changing wage policies in Malaysia and currency fluctuations could hamper the growth of rubber gloves. The glove manufacturers have started long term projects with the buyers which could reduce the loss that occurs due to price fluctuations. Therefore, key players are planning out new strategies, innovations and developments that could increase the demand for rubber gloves in the market.

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.

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.

4 major players of rubber gloves 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. Order a copy of this report at http://www.marketreportsonline.com/contacts/purchase.php?name=352162 .

Glove and Mitten Manufacturing Industry in the U.S. and its International Trade [2014 Q3 Edition] research report is of 158 pages and provides 150+ charts and tables that help analyze the domestic, global market and overseas growth opportunities. The industry's revenue for the year 2013 was reported at $147.7 million USD, with an estimated gross profit of 33.36%. Import was valued at $1.2 billion USD from 72 countries. The industry also exported $52.8 million USD worth of merchandise to 128 countries. Adding import value to and subtracting export value from the industry's shipment value, the total domestic demand for the industry in 2013 was $1.3 billion USD. Read more at http://www.marketreportsonline.com/350334.html .

Rubber Glove Market in Malaysia to 2018 - Market Size, Trends, and Forecasts research report offers the most up-to-date market data on the actual market situation, trends and future outlook for rubber gloves in Malaysia. The research includes historic market data from 2007 to 2013 and forecasts until 2018 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs. Rubber surgical gloves and other rubber gloves are segments covered in this report. Read more at http://www.marketreportsonline.com/324420.html .

Top Glove Corporation Berhad (TOPGLOV) - Financial and Strategic SWOT Analysis Review is an Aug 2014 report of 25 pages providing an in-depth strategic analysis of the company's businesses and operations. Being an on-demand report, it provides a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats. The profile helps formulate strategies that augment business by enabling better understanding of partners, customers and competitors better. Read more at http://www.marketreportsonline.com/127283.html .

Explore more newly published reports on multiple industries at http://www.marketreportsonline.com/latestreport.php .

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