Malaysia Rubber Gloves Market Size & Outlook, 2022-2030
Malaysia rubber gloves market, 2018-2030 (US$M)
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Malaysia rubber gloves market highlights
- The Malaysia rubber gloves market generated a revenue of USD 155.6 million in 2022 and is expected to reach USD 202.7 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 3.4% from 2023 to 2030.
- In terms of segment, natural rubber/latex was the largest revenue generating material in 2022.
- Nitrile is the most lucrative material segment registering the fastest growth during the forecast period.
Rubber gloves market data book summary
| Market revenue in 2022 | USD 155.6 million |
| Market revenue in 2030 | USD 202.7 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Natural rubber/latex |
| Fastest growing segment | Nitrile |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Rubber/Latex, Nitrile, Neoprene |
| Key market players worldwide | Ansell Ltd, Top Glove Corp Bhd, Hartalega Holdings Bhd, Newell Brands Inc, Bunzl PLC, Supermax Corp Bhd, Kossan Rubber Industries Bhd, Kimberly-Clark Corp, UG Healthcare Corp., Adenna, Atlantic Safety Products, AMMEX Corporation, Sempermed USA |
Other key industry trends
- In terms of revenue, Malaysia accounted for 1.2% of the global rubber gloves market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China rubber gloves market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 501.2 million by 2030.
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Rubber Gloves Market Scope
Rubber Gloves Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia rubber gloves market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rubber gloves market will help companies and investors design strategic landscapes.
Natural rubber/latex was the largest segment with a revenue share of 39.52% in 2022. Horizon Databook has segmented the Malaysia rubber gloves market based on natural rubber/latex, nitrile, neoprene covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Malaysia Healthcare Travel Council, the cumulative aggregate revenue for healthcare industry grew at around 9% in 2019. In addition, approximately 1.5 million international tourists visited Malaysia in 2019 for healthcare-related services.
The establishment of the B40 Health Protection Fund, a nationwide health screening program, coupled with the allocation of USD 7 billion (RM 29 billion) for the health ministry is expected to increase the demand for medical equipment and protective gear over the forecast period.
In addition, the rising incidence of communicable and noncommunicable diseases owing to the increase in uncontrolled and undiagnosed numbers is expected to surge the hospital admissions, thereby fueling the demand for protective gear, such as rubber gloves, over the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia rubber gloves market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia rubber gloves market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia rubber gloves market size, by material, 2018-2030 (US$M)
Malaysia Rubber Gloves Market Outlook Share, 2022 & 2030 (US$M)
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