CGS-CIMB Research analyst Ong Kang Chuen has maintained his positive view on the rubber glove sector, following a session with the Malaysian Rubber Glove Manufacturers Association (MARGMA) at InvestSG this week.

He noted MARGMA remains upbeat on prospects for the sector, and expects global rubber glove demand to reach 360 billion pieces in FY2020, followed by a further 15-20% growth to about 440 billion pieces in FY2021. 

Even with the Covid-19 pandemic fully under control, MARGMA sees sustained growth in the coming years, considering the need to replenish glove inventory levels especially in neglected sectors such as industrial, F&B, electronics, and increased glove usage, given higher hygiene awareness.

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