The global nitrile gloves market size is expected to reach USD 15.24 Billion in 2030 and register a revenue CAGR of 13.1% over the forecast period, according to latest report by Reports and Data. Rising use of nitrile gloves by healthcare professionals, increasing prevalence of chronic diseases, and growing requirements for surgical intervention for treating several health conditions are expected to drive market revenue growth during the forecast period.
Increasing preference for nitrile gloves in industrial applications in oil gas, chemical, metal machinery, and automotive industries, to maintain safety of employees in the workplace, is expected to boost growth of the global nitrile gloves market during the forecast period. Nitrile gloves outperform other disposable gloves in terms of chemical resistance, as nitrile rubber is more resistant to chemicals, acids, and oils than natural rubber. Nitrile gloves are also powder-free, which eliminates the risk of allergens.
Nitrile gloves are commonly used in laboratories to handle chemicals and also while performing surgeries. In addition, there is increasing preference for nitrile gloves over latex gloves among healthcare professionals, due to rising incidence of latex allergy. However, nitrile gloves are made from synthetic nitrile rubber, and certain chemicals are added during nitrile gloves manufacturing, which may cause allergy in some individuals. Some people have reported skin irritation while wearing nitrile gloves, and this could limit their adoption and thus, hamper revenue growth of the market to some extent.
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Market Overview:
The global Nitrile Gloves market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Nitrile Gloves market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
Competitive Outlook of the Global Nitrile Gloves Market
The globla Nitrile Gloves market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Nitrile Gloves market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Hartalega Holdings Berhad, Ansell Limited, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Berhad, Rubberex Corporation (M) Berhad, Top Glove Corporation Berhad, Unigloves (U.K.) Limited, YTY Group, and Riverstone Resources Sdn Bhd.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Nitrile Gloves Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Powder-Free Nitrile Gloves
- Powder Coated Nitrile Gloves
Products Outlook (Revenue, USD Billion; 2019-2030)
- Disposable
- Durable
Grade Outlook (Revenue, USD Billion; 2019-2030)
- Medical Grade
- Industrial Grade
- Food Grade
Texture Outlook (Revenue, USD Billion; 2019-2030)
- Smooth
- Micro roughened
- Aggressively Textured
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Health Care
- Food Beverage
- Automotive
- Construction
- Oil Gas
- Pharmaceutical
- Chemical
- Metal Machinery
- Cleanrooms
- Others
Geographic Segment Covered in the Report:
The Nitrile Gloves report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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