South Korea Rubber Gloves Market Size & Outlook, 2022-2030
South Korea rubber gloves market, 2018-2030 (US$M)
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South Korea rubber gloves market highlights
- The South Korea rubber gloves market generated a revenue of USD 145.1 million in 2022 and is expected to reach USD 207.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.6% 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 145.1 million |
| Market revenue in 2030 | USD 207.4 million |
| Growth rate | 4.6% (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, South Korea accounted for 1.1% 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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South Korea 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 40.18% in 2022. Horizon Databook has segmented the South Korea rubber gloves market based on natural rubber/latex, nitrile, neoprene covering the revenue growth of each sub-segment from 2018 to 2030.
The high geriatric population in South Korea is expected to increase the demand for medical gloves and other PPE as the number of hospital visits are likely to increase over the next few years.
South Korea is among the top five leading countries for aesthetic/cosmetic surgeries on account of the availability of latest technology and inclination toward plastic surgeries.
Growing concerns regarding infectious diseases such as the COVID-19 and Middle East Respiratory Syndrome (MERS) are expected to further drive investments in developing PPE with enhanced protection against virus contamination in healthcare facilities.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea rubber gloves market , including forecasts for subscribers. This country databook contains high-level insights into South Korea rubber gloves market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea rubber gloves market size, by material, 2018-2030 (US$M)
South Korea Rubber Gloves Market Outlook Share, 2022 & 2030 (US$M)
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