Nitrile Gloves Market: The Rapid Spread Of The COVID-19 Pandemic Is Anticipated To Increase The Product Demand

Nitrile Gloves Industry Overview

The global nitrile gloves market size is anticipated to reach USD 10.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% from 2022 to 2030. The industry is primarily driven by rising healthcare expenditures, the growing importance of safety at workplaces, and a significant surge in protective equipment demand during the COVID-19 pandemic.

Nitrile Gloves Market Segmentation

Grand View Research has segmented the global nitrile gloves market on the basis of type, product, end use, and region:

Based on the Type Insights, the market is segmented into Powdered and Powder Free.

• The powder free nitrile gloves segment led the market and accounted for 72.5% of the global revenue share in 2021, owing to their increasing preference across various industries.
• Powder free gloves are less form-fitting as they undergo chlorination process or polymer coatings such as acrylics, silicones, and hydrogels, resulting in the healthcare facilities replacing latex gloves with powder free nitrile gloves.
• The powdered market segment is projected to grow at 3.5% from 2022 to 2030.

Based on the Product Insights, the market is segmented into Disposable and Durable.

• The disposable segment led the nitrile gloves market and accounted for 72% of the global revenue share in 2021.
• Disposable nitrile gloves are usually thinner as compared to durable gloves, which offer greater sensitivity.
• The demand for durable products is anticipated to grow at a CAGR of 4.7% during the forecast period.
• Durable nitrile gloves offer advantages such as durability, strength, low generation of waste, and other environmental benefits.

Based on the End-use Insights, the market is segmented into Medical & Healthcare, Automotive, Oil & Gas, Food & Beverage, Metal & Machinery, Chemical & Petrochemical, Pharmaceutical, Cleanroom and Others

• The medical & healthcare segment led the market and accounted for 87.6% of the global revenue share in 2021.
• Disposable nitrile gloves are particularly in demand as they lower the risk of contamination.
• The demand for this product is also expected to increase from other end-use industries, mainly food & beverage, chemical & petrochemical, and pharmaceutical.
• The demand for nitrile gloves in the automotive industry is expected to witness a growth of 6.4% during the projected period.

Nitrile Gloves Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

In order to cater to the increasing demand from various industries, companies have started expanding their business through mergers, acquisitions, the establishment of new production plants, and geographic expansion strategies. The industry also focuses on research & development activities to develop new technologies for the manufacturing of nitrile gloves.

Some prominent players in the Nitrile Gloves market include

• Ansell Ltd
• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Unigloves (UK) Limited
• Adenna LLC
• Kossan Rubber Industries Bhd
• Superior Gloves
• MCR Safety
• Supermax Corporation Berhad
• Ammex Corporation
• Cardinal Health
• Medline Industries, Inc.

Order a free sample PDF of the Nitrile Gloves Market Intelligence Study, published by Grand View Research.

Nitrile Gloves Market Business Opportunities and Growth Driving Factors Analysis, 2023

Global nitrile gloves market is anticipated to grow considerably in the forecast period owing to the increase in number of pandemics and viral diseases. Nitrile gloves, also known as medical grade are the synthetic rubber or latex gloves that are commonly used in the medical field. They provide protection against punctures, cuts, and other chemicals and eliminate the risk of allergic reactions. Before application in medical industry, these gloves undergo several examinations conducted by (FDA) Food and Drug Administration for durability check.

Nitrile gloves market is driven by high demand for medical disposable gloves, improving healthcare infrastructure in developing economies, and increasing investment by market players to manufacture gloves according to industry requirement. Additionally, strict policies concerning the use of gloves in various end-use industries for labour safety and hygiene maintenance is also driving the market growth. However, fluctuations in raw material prices is hampering the growth of nitrile gloves market.

Affordable prices of nitrile gloves, aggressive expansion strategies, and rise in number of industry alliances are few trends witnessed in the market. Likewise, inclination towards to nitrile gloves from natural rubber gloves is another trend in the market.

Nitrile gloves market is categorized on the basis of type, texture, application, end user, and geography. On the basis of type, market is divided into powder free and powdered. Powder free nitrile gloves segment is expected to hold significant share of the market due to less chances of reaction as compared to the powdered nitrile gloves.

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Based on texture, market is divided into micro-roughened, smooth, and aggressively textured. All of the textured gloves are extensively used in industries depending on their requirement. Precisely, micro-roughened textured nitrile gloves are popular since they offer additional grip for medical applications. In terms of application, market is divided into industrial, medical, and others. Industrial application segment is expected to lead the market due to high demand from various industries.

On the basis of end user, market is divided into healthcare, automotive, construction, oil & gas, chemical, food processing, and others. Oil & gas, automotive and construction industry are expected to hold larger share of the market.

Geographically, the market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to developing end use industries in the region. Further, North America and Europe are also expected to lead the market in the forecast period.

The leading players in nitrile gloves market are Cardinal Health, Top Glove Corporation Bhd, Hartalega Holdings Berhad, Supermax Corporation Berhad, DPL, Longcane Industries Sdn. Bhd., Kossan Rubber Industries Bhd, Latexx Partners Berhad, Honeywell International Inc., Towa Corporation, MCR Safety, Riverstone Holdings Limited, and RUBBEREX.

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