Nitrile Gloves Market to Hit USD 20.45 Bn. at a growth rate of 11.01 percent- Says Maximize Market Research

May 16 21:58 2024
Nitrile Gloves Market to Hit USD 20.45 Bn. at a growth rate of 11.01 percent- Says Maximize Market Research
Nitrile Gloves Market
Global Nitrile Gloves Market size was valued at USD 9.87 Bn in 2023 and is expected to reach USD 20.45 Bn by 2030, at a CAGR of 11.01 %.

Maximize Market Research, a Healthcare Services business research firm has published a report on the “Nitrile Gloves Market”. The Market Valued at USD 9.87 Billion in 2023, Projected to Reach USD 20.45 Billion by 2030 with 11.01% CAGR. Asia Pacific Leads Driven by Medical Sector Demand and Stringent Cleaning Regulations of the Nitrile Gloves Market.

Nitrile Gloves Market Report Scope and Research Methodology

Market Size in 2023: USD 9.87 Bn.

Market Size in 2030: USD 20.45 Bn.

CAGR: 11.01 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 156

No. of Tables: 158

No. of Charts and Figures: 188

Segment Covered: TypesProduct, End-User, Distribution Channel and Region

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Nitrile Gloves Market Research Methodology

The Nitrile Gloves Market report provides an in-depth analysis of industry growth influenced by increased demand for disposable nitrile gloves across various end-use sectors and rising awareness of healthcare-associated infection (HAI) prevention. The report analyses strategies of top industry players, market segments, and regions. It details market dynamics, including drivers, restraints, opportunities, and challenges, with region-wise and segment-wise insights. Data on import/export consumption, supply and demand, price, cost, revenue, and gross margins are included. The report uses primary research methods, such as questionnaires, surveys, and phone interviews with industry experts, and secondary research methods. A bottom-up approach estimates market size, and SWOT analysis evaluates key players’ strengths and weaknesses.

Nitrile Gloves Market Overview

The nitrile gloves industry is driven by increased demand from various end-use sectors, particularly workplaces requiring disposable gloves. Key factors include heightened awareness of healthcare-associated infection (HAI) prevention and the superior profitability of by-products. Made from synthetic rubber (NBR), nitrile gloves are puncture-resistant and have a longer shelf life, ideal for medical and non-medical uses to prevent contamination. Widely utilized in healthcare, laboratories, food handling, and the automotive industry, their resistance to oils and chemicals enhances their appeal. Versatile and latex-free, nitrile gloves are essential for individuals with latex allergies and provide critical protection across diverse professional environments.

Nitrile Gloves Market Dynamics

Industries such as healthcare, pharmaceuticals, food processing, and manufacturing are adopting strict safety protocols, boosting the demand for reliable PPE. Rising global awareness of health and safety measures has significantly increased the demand for nitrile gloves. Known for superior puncture resistance, durability, and chemical resistance, nitrile gloves are preferred over latex, driving market growth. Technological advancements enhance PPE effectiveness, comfort, and durability with innovations like smart textiles and antimicrobial coatings. Additionally, a shift towards eco-friendly materials aligns with global sustainability trends. The prevalence of latex allergies further propels the nitrile gloves market as industries seek hypoallergenic alternatives to ensure worker safety.

Nitrile Gloves Market Regional Insights

Asia Pacific held the largest market share for nitrile gloves. This growth is driven by the rising recognition of nitrile gloves in the medical and healthcare sectors due to their health benefits. Stringent cleaning regulations also necessitate frequent hand sanitizing, making gloves essential. For instance, the Indian government adjusted its export policy for Nitrile/NBR Gloves, changing their status from ‘prohibited’ to ‘restricted.’ This amendment, following the initial ban in June, allows exporters to proceed with exporting these gloves, provided they obtain a government license. These factors collectively contribute to the robust market growth in the region.

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Nitrile Gloves Market Segmentation

By Types

  • Powdered
  • Powder Free

By Product

  • Disposable
  • Durable

By End User

  • Medical & Healthcare
  • Food & Beverage
  • Metal & Machinery
  • Chemical & Petrochemical
  • Other

Based on End User, the medical and healthcare sector dominated the nitrile gloves market share. Nitrile gloves in this sector are specially formulated to meet industry-specific needs, providing exceptional resistance to bodily fluids, microorganisms, and various chemicals. Their latex-free composition is ideal for healthcare professionals with Type I allergies. Powder-free variants are extensively used due to their superior flexibility, tactility, tear resistance, and chemical resilience. Special formulations ensure these gloves are ultra-soft, BPA-free, robust, and compliant with ASTM D6319 standards, making them indispensable for ensuring safety and compliance in medical and healthcare environments.

By Distribution Channel      

  • Direct Sales
  • Distributors
  • E-Commerce

Nitrile Gloves Key Competitors include:

North America Nitrile Gloves Key Competitors:

  • Halyard Health
  • Showa Group
  • hospeco
  • Ammex Corporation
  • MCR Safety
  • Medline Industries

Europe Nitrile Gloves Key Competitors:

  • galeton
  • Halyard Health

Asia Pacific Nitrile Gloves Key Competitors:

  • Dynarex Corporation
  • Ansell Ltd
  • Top Glove Corporation
  • Unigloves
  • Hartalega Holdings
  • Kossan Rubber Industries
  • Superior Gloves
  • Shandong Yuyuan Latex Gloves
  • Safe Glove Co., Ltd
  • Adventa Health.

Middle East Nitrile Gloves Key Competitors:

  • Cardinal Health

Key questions answered in the Nitrile Gloves Market report are:

  • What are Nitrile Gloves?
  • Which market segment held the largest share of the global Nitrile Gloves market in 2023?
  • What are the global trends in the Nitrile Gloves Market?
  • What are the upcoming industry applications and trends for the Nitrile Gloves Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Nitrile Gloves Market?
  • What growth strategies are the players considering to increase their presence in Nitrile Gloves Market?
  • Who are the leading companies and what are their portfolios in Nitrile Gloves Market?
  • What are the major challenges that the Nitrile Gloves Market could face in the future?
  • Which region held the largest Nitrile Gloves Market Share in 2023?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018-2022)
  • Past Pricing and price curve by region (2018-2022)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Nitrile Gloves Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Nitrile Gloves Market Segmentation – A detailed analysis by Material, Product Type, Price Point, Distribution Channel, End-User, and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Analyst Recommendations

Maximize Market Research is leading Healthcare research firm, has also published the following reports:

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Hypertrophic Cardiomyopathy Treatment Market– the Hypertrophic Cardiomyopathy Treatment Market size was valued at USD 1.31 Billion in 2023 and the total Hypertrophic Cardiomyopathy Treatment revenue is expected to grow at a CAGR of 3.10% from 2024 to 2030, reaching nearly USD 1.62 Billion by 2030.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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