Nitrile Gloves Market Demand Is Expected to Reach USD 20.13 Billion by 2030: Polaris Market Research

According to the research report, the global Nitrile Gloves Market size & share was valued at USD 7.28 Billion in 2021 and is expected to reach USD 20.13 Billion By 2030, and will grow at a CAGR of 10.4% during the forecast period.

According to the research report, the global Nitrile Gloves Market size & share was valued at USD 7.28 Billion in 2021 and is expected to reach USD 20.13 Billion By 2030, and will grow at a CAGR of 10.4% during the forecast period.

Nitrile gloves are used to protect hands from contact with blood and other spreading substances. They can be used by people with latex allergies as they are free from latex. The production of nitrile gloves also includes synthetic rubber that serves as a very good material for general-purpose gloves supporting high strength, durability, and enhanced flexibility. The use of synthetic rubber also provides the ability to reduce hand fatigue and offers a comfortable fit and low friction. Health workers have been experiencing latex allergies, which has led to an increase in the demand for nitrile gloves. Industries worldwide such as oil & gas, chemical, metals & machinery, automotive are replacing latex gloves with nitrile gloves.

An increasing number of accidents in the oil & gas industry, like hand and finger injuries, has forced many companies to focus on protecting such accidents, which can ultimately boost the demand for nitrile gloves. The oil and gas industry has already started using these gloves to prevent cutting, crushing, puncture, and other injuries caused to workers during various procedures. They are widely used in chemical laboratories to protect chemical hazards as well as to handle the chemical task, which is expected to accelerate global nitrile gloves market revenue.

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Spotlights of The Report:

Progressive industry trends in the global nitrile gloves market to help players develop effective long-term strategies
Quantitative analysis of the market
Estimation of the demand for nitrile gloves across various industries
Recent developments to understand the competitive scenario
Trends and outlook coupled with factors driving and restraining the growth of the industry
Detailed overview and segmentation of the global nitrile gloves market as well as its dynamics in the industry

 

Top Global Market Players Are:

Adventa Berhad (Sun Healthcare)
Ansell Ltd.
Cardinal Health Inc
Dynarex Corporation
Hartalega Holdings Berhad
Kossan Rubber Industries Bhd
MCR Safety
Medline Industries Inc.
Rubber Corporation (M) Berhad
Semperit Ag Holding
Supermax Corporation Berhad
Top Glove Corporation Bhd.

 

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Key Questions Answered:

Who are the leading key players, and what are their critical business plans in the global nitrile gloves market?
What are the critical concerns of the five forces analysis?
What are the different prospects and threats faced by the dealers?
What are the strengths and weaknesses of the key vendors?
What are the main trends that have a positive impact on the growth of the global nitrile gloves market?
What are the growth opportunities that could emerge in the industry in the coming years from 2021-2028?

 

Nitrile Gloves Market: Growth Driving Factors:

The recent outbreak of the COVID-19 pandemic had a positive impact on the global nitrile gloves market, driving the market demand in the U.S. Especially in the healthcare sector of the country, the demand is high because the healthcare experts find single-use nitrile gloves essential for preventing disease spread and keeping both medical and laboratory procedures sanitary. Low manufacturing cost and one location production are two of the leading driver driving the market growth. Nitrile gloves are better than latex gloves because they embrace long shelf life, low friction, and puncture resistance. Additionally, rising occurrences of pandemic diseases such as COVID-19 and swine flu (H1N1) and rising demand for infection control are projected to drive the demand over the forecast period.

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Global Nitrile Gloves Market: Report Scope

Report Attribute

Details

Market Size 2021 Value

USD 7.28 Billion

Market Outlook for 2030

USD 20.13 Billion

Expected CAGR Growth

10.4% from 2021 – 2030

Base year

2020

Forecast period

2022 – 2030

Segments covered

By Type, By Product, By End-Use, By Region

Key Companies

Adventa Berhad (Sun Healthcare), Ansell Ltd., Cardinal Health, Inc, Dynarex Corporation, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, MCR Safety, Medline Industries, Inc., Rubber Corporation (M) Berhad, Semperit Ag Holding, Supermax Corporation Berhad, and Top Glove Corporation Bhd.

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization Options

Customized purchase options are available to meet your research needs.

 

Nitrile Gloves Market: Key Segmentation

Insights by Type, Product, End-Use, And Region

 

On the basis of type, the powder-free segment is anticipated to dominate the global nitrile gloves market during the forecast period owing to increasing awareness regarding their benefits, including skin-friendly as compared to powder gloves. The powder is the segment that is expected to be at a significant pace over the forecast period due to its better grip, moisture, and sweat-free properties. Based on product, the disposable segment is anticipated to account for the largest market share over the forecast period. The factors contributing to this segment growth include the emergence of the COVID-19 pandemic and stringent government regulations on workers’ safety. On the basis of end-use, the medical and healthcare segment accounted for the largest market revenue share due to the higher usage of these gloves in preventing cross-contamination and transmission of pathogens during medical examinations and surgeries.

Geographically, North America held the largest market share in 2019 and is expected to witness the largest CAGR during the projected period. Driving factors for this region involves the increasing healthcare expenditure, growing elderly population, and rising awareness pertaining to healthcare-acquired infections. Furthermore, the rapid spread of chronic illnesses such as obesity expected to increase healthcare expenditure would positively favor the market growth. The Asia Pacific is projected to witness significant growth owing to rising industrialization and increasing demand for nitrile gloves for industrial and medical purposes. The massive development of the construction sector in emerging nations, including India and China, is also expected to positively affect the market growth in the region at a significant pace. Europe is, however, anticipated to show considerable progress over the forecast period.

Browse the full “Nitrile Gloves Market Share, Size, Trends, Industry Analysis Report, By Type (Powdered, Powder-Free); By Product (Disposable, Durable); By End-Use (Medical, Non-Medical); By Region, Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/nitrile-gloves-market

The market is primarily segmented on the basis of type, product, end-use, and region.

Nitrile Gloves Market: By Type Outlook

Powdered
Powder-free

 

Nitrile Gloves Market: By Product Outlook

Disposable
Durable

 

Nitrile Gloves Market: By End-Use Outlook

Examination
Dental
Veterinary
Hospital
EMS
Others
Surgical
Dental
Veterinary
Hospital
EMS
Others
Non-Medical
Automotive Finishing
Automotive Aftermarket
O&G and Mining
F&B Processing
F&B Service
Metal & Machinery
Chemical & Petrochemical
Pharmaceutical
Cleanroom
Academic R&D
Industrial R&D
Others

 

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