The global Nitrile Gloves Market Size is expected to reach US$ 9.41 billion by 2027 and is expected to grow at an impressive double-digit rate of 13.8% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Nitrile Gloves Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Nitrile gloves are significantly used across food and healthcare industry, as a personal protection tool in order to avoid contamination and cross-infection between patients and caregivers. In the recent past, numerous variants of nitrile gloves have been developed and each of them offers advanced benefits over conventional products. Some of these benefits include excellent durability, strength, and barrier protection against micro-organisms and blood borne pathogens. Moreover, nitrile gloves are latex-free that makes them a preferred choice among medical professionals in the treatment of allergic cases.
Why should you invest in this report?
If you are aiming to enter the global Nitrile Gloves Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Nitrile Gloves are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Rising prevalence of chronic diseases across the globe along with the increasing awareness related to health protection particularly among elder generation estimated to trigger the demand for nitrile gloves. Further, their increased application in the industrial and manufacturing sector owing to numerous benefits such as high strength, durability, friction, and excellent chemical resistance further aids their growth in these sectors over the forthcoming years.
The recent outbreak of COVID-19 pandemic has created an exceptional demand for different Personal Protective Equipment (PPE) that also includes gloves. Disposable gloves are the most preferred choice by healthcare workers in order to avoid cross-contamination while treating or examining a coronavirus patient. This is likely to influence the market for nitrile gloves positively over the analysis period.
Report Highlights
- North America led the global market with a value share of more than 35% in 2019 because of increasing elderly population together with rising awareness related to hospital-acquired infections
- The Asia Pacific region estimated to have an attractive growth over the predicted time period due to increasing safety concern in hospitals & medical centers along with rising expenditure in healthcare sector
- The disposable gloves segment dominate the global market covering more than 70% of market share in 2019 and estimated to grow at the fastest rate over the analysis period
- Durable nitrile gloves are thicker compared to disposable gloves that assist them to last longer along with not tear easily that drives their demand across wide applications
- Medical & healthcare is the leading end-use segment because of wide application of the product for preventing cross-contamination along with transmission of pathogens during surgeries & medical examination
- Nitrile gloves are increasingly used in the automotive industry as they offer reduced friction as well as high puncture resistance
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Key Market Players and Strategies
The key market players in the global nitrile gloves market witness intense competition due to market fragmentation. These industry participants significantly rely on the product differentiation and expansion strategy to retain their global position. In the wake of same, they invest prominently in the Research & Development (R&D) activity. Apart from this, these market players are also adopting merger & acquisition and partnership strategies to gain competitive importance. For instance, in October 2018, Ansell Healthcare Products LLC acquired Digitcare Corporation, a U.S.-based supplier of gloves to the specialty acute markets as well as the U.S. Emergency Medical Services (EMS).
Some of the prominent players in the nitrile gloves market include:
- Top Glove Corporation Bhd
- Ansell Ltd.
- Hartalega Holdings Berhad
- Adenna LLC
- Unigloves (UK) Limited
- Kossan Rubber Industries Bhd
- MCR Safety
- Superior Gloves
- Ammex Corporation
- Supermax Corporation Berhad
Major Market Segments Covered:
By Product
- Durable
- Disposable
By Type
- Powdered
- Powder-free
By End-Use
- Automotive
- Medical & Healthcare
- Examination
- Surgical
- Oil & Gas
- Metal & Machinery
- Food & Beverage
- Chemical & Petrochemical
- Cleanroom
- Pharmaceutical
- Others
Regional Analysis:
The geographical analysis of the global Nitrile Gloves Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Nitrile Gloves Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Nitrile Gloves Market in 2027?
- What is the expected CAGR for the Nitrile Gloves Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Nitrile Gloves Market?
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