“Malaysia, as the world’s leading producer of rubber gloves, had around 45 per cent market share in 2024, followed by China with about 28 per cent, data from the Malaysian Rubber Glove Manufacturers Association shows.
Overall, Malaysia’s glove makers stand to gain between US$55 million (S$74 million) and US$56 million each year in sales, for every 10 percentage-point share of the US medical glove market that China loses, according to RHB Research.
Malaysia’s glove sector is set to see a strong demand recovery in 2025, driven by restocking efforts and rising average selling prices, according to Kenanga Research.
In a recent industry report, the firm projects a 12 per cent rise in global glove demand to 368 billion pieces in 2025.
Going forward, glove prices not only are set to rise but should favour Malaysian glove makers over Chinese producers, analysts and glove makers said.”
Source: NST
