The Nitrile Gloves Market was valued at approximately USD 3.5 Billion in 2023 and is expected to grow at a robust CAGR of around 9.5% during the forecast period (2024-2032)
The analysis has been segmented into type (powdered and non-powdered); product (disposable and durable); end-use (medical & healthcare, automotive, food & beverage, chemical & petrochemical, and others); Region/Country.
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The nitrile gloves market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the nitrile gloves market. The nitrile gloves market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the nitrile gloves market at the global and regional levels.
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Market Overview
The nitrile gloves market is expected to witness a CAGR of around 11% during the forecast period. Nitrile gloves are synthetic rubber gloves that are also known as Nitrile Butadiene Rubber (NBR). These gloves are mainly used by professionals in both medical and non-medical sectors to prevent healthcare complications caused by hazardous chemicals and infections. Additionally, these gloves are also used in different sectors such as Industrial R&D, Chemical & Petrochemical, and Veterinary. Moreover, in the healthcare sector, nitrile gloves are worn by surgeons who usually work with scalpels, surgical tools & instrumentations. For instance, according to the National Center for Biotechnology Information (NCBI), globally, around 310 million major surgeries are performed each year.
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COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. However, the COVID-19 pandemic has resulted in an exponential increase in demand for a wide variety of PPE, including gloves. Disposable nitrile gloves are also often used by healthcare professionals to prevent contamination. In addition, due to the COVID-19 pandemic, government authorities across the world are expected to heavily invest in healthcare infrastructure and allied industries supplying consumables to the healthcare industry, which is expected to have a positive impact on market growth in the coming years.
Based on type, the nitrile gloves market is segmented into powdered and non-powdered. The non-powdered category is anticipated to witness a significant growth rate during the forecast period. non-powdered gloves undergo a process known as chlorination that helps make latex gloves less form-fitting so that powder is not needed for easy donning and removal. Moreover, this category is further dominated the market mainly due to the Food and Drug Administration (FDA), in January 2017 imposed restrictions on the use of powdered gloves due to serious risks to patients such as post-surgical adhesions, airway & wound inflammations, and allergic reactions.
Based on product, the nitrile gloves market is segmented into disposable and durable. The disposable category is supposed to witness a significant growth rate during the forecast. Disposable nitrile gloves help in reducing the spread of infections and prevent contamination at medical facilities. Moreover, it is used by veterinary doctors for diagnosis, medical treatment, and care of animals. These factors are contributing to the growth of this market during the forecast period.
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Based on end-use, the nitrile gloves market is categorized into medical & healthcare, automotive, food & beverage, chemical & petrochemical, and others. The medical & healthcare category captured a considerable market share and is anticipated to witness a significant growth rate during the forecast period. This is mainly due to its high use in all types of surgeries, trauma cases, and treatment of every infectious disease that is performed in hospitals by healthcare professionals. These factors are further propelling the market growth during the forecast period.
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Nitrile Gloves Market Geographical Segmentation Includes:
North America (U.S., Canada, Rest of North America)
Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
Rest of the World
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. The rising growth of this market in the region is mainly due to the presence of a large number of patients, the availability of a high number of hospitals & healthcare clinics, and well-settled healthcare infrastructures in the region. Moreover, the availability of major key players and manufacturers progressively increases its capacity to meet the growing global demand for gloves. These factors also contribute to the growth of this market.
The major players targeting the market include
Ansell
Semperit AG Holding
Medline Industries Inc.
B. Braun Melsungen AG
MRK Healthcare Pvt. Ltd.
Hartalega Holdings Berhad
RFB Latex Limited
Asma Rubber Products Pvt. Ltd.
Kanam Latex Industries Pvt. Ltd.
Top Glove Corporation Bhd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the nitrile gloves market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
What are the latest trends, new patterns, and technological advancements in the nitrile gloves market?
Which factors are influencing the nitrile gloves market over the forecast period?
What are the global challenges, threats, and risks in the nitrile gloves market?
Which factors are propelling and restraining the nitrile gloves market?
What are the demanding global regions of the nitrile gloves market?
What will be the global market size in the upcoming years?
What are the crucial market acquisition strategies and policies applied by global companies?
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