What is the projected value of the US rubber glove market by 2030?

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The US Rubber Glove Market is Projected to Reach RM17.6 Billion by 2030

The United States rubber glove market is anticipated to achieve a valuation of US$4.17 billion, equivalent to RM17.6 billion, by the year 2030. This projection indicates a significant expansion in the market's overall size over the coming years. Malaysia is positioned to benefit from this growth, with its market share expected to increase substantially.
Malaysia's Market Share Expected to Grow

Malaysia's current standing in the US rubber glove market is approximately 47 per cent. Industry feedback and market dynamics suggest this share is projected to rise to 55 per cent by 2030. This anticipated increase is partly attributed to competitive advantages Malaysia holds over other producing nations.
Tariffs Provide a Competitive Edge

Despite facing a 10 per cent tariff hike and reciprocal tariffs from the US, Malaysia's rubber glove sector is expected to expand its export presence. Producers from competing countries, such as China, are subject to higher tariffs. This differential in tariff rates offers Malaysian manufacturers a notable advantage in the US market.
Rubber Products a Key Malaysian Export

Rubber products represent a significant component of Malaysia's export trade with the United States. In total, these exports amounted to RM7.41 billion, constituting 3.7 per cent of Malaysia's overall exports to the US. This highlights the importance of the rubber industry to bilateral trade relations.

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What is the projected value of the US rubber glove market by 2030?

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