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89 pages. This report examines the market for cleanroom gloves in China, Japan and South Korea, which together contributes about 34% of global cleanroom gloves demand, worth USD430 million. It seeks to provide information on these countries with respect to consumption of cleanroom gloves and identifies the market potential for exports of the gloves from Malaysia.
The rapid expansion of both high-tech electronics and life sciences segments has made China the largest market for cleanroom gloves in the region. The demand for China alone was estimated at USD207 million in 2019, accounting for nearly 50% of the three countriesâ€™ combined market value. Chinaâ€™s growth will remain positive at 9% between the period 2019â€“2024, despite the slowdown in manufacturing activities. Meanwhile in Japan and South Korea, developments in the life sciences, specifically in the biotechnology segment, will fuel the demand for cleanroom gloves in these markets. Consumption of cleanroom gloves in Japan and South Korea is projected to grow by 4% and 5%, respectively within the same forecast period. As local production of the gloves is insufficient, especially for China and South Korea, these countries will continue to rely on imported cleanroom gloves to cater domestic demand for the products.
Publication Date:1 May 2020
Category: Market Reports
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