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52 pages. As the world's third largest pharmaceutical industry and a leading player in the global generics market, India presents a high prospect of demand for cleanroom gloves with a large pharmaceutical manufacturing industry. Besides, rapid expansion in the semiconductor and electronics sector in line with the push for localization will further expand the need for gloves within cleanrooms.
MRC undertook a market study on cleanroom gloves in India to explore the growth potential of the cleanroom gloves market in the country and to identify opportunities for Malaysian suppliers of the gloves to enhance exports. Demand for gloves in cleanrooms is projected to reach USD36 million by 2025, a CAGR of 19% over the forecast period (2020-2025). The volume of demand for cleanroom gloves is expected to reach 450 million pairs by 2025.
The western and southern regions of India with a high concentration of manufacturing bases are the high consumption pockets of cleanroom gloves. Despite the sizeable demand for gloves, the study found that cleanroom glove appears to be a niche segment. There are challenges to be addressed amid the growing opportunities, in which this report will provide recommendations on strategies to step up marketing efforts and expand market reach.
Publication Date:1 January 2021
Category: Market Reports
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