Demand for rubber gloves market to peak by 2022 at a CAGR of 8.5%
Demand for rubber gloves market to peak by 2022 at a CAGR of 8.5%
The Global Rubber Gloves market is expected to grow at a CAGR of 8.5% between 2015 and 2022 says a new research document titled ‘Rubber Gloves – Global Market Outlook (2016-2022)’ covering detailed analysis, competitive landscape, forecast and strategies (Rubber Asia). The factors such as growth of electronic manufacturing market, rising incidences of pandemics and viral outbreaks, rising healthcare expenditure, low manufacturing costs, increasing health threats and increasing hygiene awareness and healthcare regulations are driving the market growth adds the report.
However, foreign exchange risks, rising raw material costs and pricing competition are hampering the rubber gloves market. The U.S. represents the largest market for gloves, though Asian markets are the fastest growing. Consumption of rubber gloves to increase in Asia Pacific, particularly in India, Pakistan and China as healthcare awareness becomes crucial, while growth in other regions like North America 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 labour 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, says the report. The study covers geographic analysis that includes regions like North America, Europe, Asia Pacific, Rest of the World and important players/vendors such as Top Glove Corporation, CLEANWRAP Co. Ltd, Frank Healthcare Co. Ltd etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2016-2022.
Monday, 21 August 2017