Nitrile Disposable Gloves Market Size, Share, Growth, and Industry Analysis by Type (Powder Free Nitrile Gloves and Powder Coated Nitrile Gloves), By Application (Medical & Healthcare, Industrial, Food & Beverage, and Others), Regional Insights, and Forecast To 2031

Nitrile Disposable Gloves Market Report Overview

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The global nitrile disposable gloves market size is estimated to be USD 5667.6 million in 2022 and is projected to touch USD 18430.41 million by 2031, exhibiting a CAGR of 4.7% during the forecast period.

Nitrile is a synthetic material and it is an alternative to latex. The material is safe and is not likely to cause allergies. The product is soft and resists chemicals such as latex. The material is used in the dental, law enforcement, and pharmaceutical fields.

The market growth is attributed due to the high demand for the material in the healthcare sector. A rise in the geriatric population and growing investment by governments are anticipated to fuel market growth. Growing healthcare expenditure coupled with a change in lifestyles. Further, increased awareness about the benefits of the material such as less friction, long shelf life, and puncture resistance. These factors are predicated to fuel market growth. The material is an alternative to latex coupled with rising awareness about latex allergies and is anticipated to expand market growth in the forthcoming years. Growing strict regulation by several governments on powered gloves is anticipated to create a positive impact on market growth. High investment in the chemical and pharmaceutical sectors is predicted to augment market progress over the forecast period. On the contrary, the presence of an alternative or substitute for the product is anticipated to hamper the market growth in the upcoming years.

COVID-19 Impact: Growth in Healthcare Sector During the Pandemic to Fuel Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with nitrile disposable gloves materials experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

An increase in the number of Coronavirus cases worldwide has resulted in augmenting the demand for the product. High demand for healthcare during the pandemic accelerated market growth. Increased awareness about safety standards and hygiene to fuel market progress. Extensive adoption of gloves to avoid contact surge market growth.

On the contrary, the limited capacity of manufacturers and workforce widened the supply-demand gap.

LATEST TRENDS

"Growing Demand for Nitrile Disposable Gloves in Automotive Sector to Stimulate Market Progress"

Increased need for the product in the automotive sector is predicted to fuel market progress. The product helps protection to health. Increased awareness about health complications due to prolonged contact with grease, brake oil, and transmission fluids present in automobiles. High demand to protect from such prolonged contact and provide safety is expected to adopt the product. High demand for workforce safety is predicted to fuel market growth. Increased need for safety from harmful chemicals and substances coupled with sharp edges or tools. These factors are expected to expand market growth in the forthcoming years. High demand for the product in the automotive sector and strict government regulations for workforce safety is estimated to fuel nitrile disposable gloves market growth.

Nitrile Disposable Gloves Market Segmentation

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• By Type

Based on type, the market is divided into powder coated nitrile gloves and powder free nitrile gloves.

Powder free nitrile gloves are estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into medical & healthcare, industrial, food & beverage, and others.

Medical & healthcare is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Increased Demand from the Pharmaceutical and Healthcare Sectors to Incite Market Growth"

Growing demand for the material in the pharmaceutical and healthcare sector is anticipated to surge market growth. In these sectors, employees face various on-the-job hazards. The employees come in contact with, biological agents, chemical substances, and drugs. Growing demand for employee safety and providing protection during interactions with chemicals is anticipated to expand market growth. Growing healthcare expenditure coupled with a change in lifestyles. Further, increased awareness about the benefits of the material such as less friction, long shelf life, and puncture resistance. These factors are predicated to fuel market growth. The material is an alternative to latex coupled with rising awareness about latex allergies and is anticipated to expand nitrile disposable gloves market growth in the forthcoming years.

"High Demand for Safety and Improving Hygiene among People to Foster Market Growth"

Increased demand for safety standards in end-user industries and a high need to improve hygiene are estimated to fuel market growth. A growing number of occupational injuries coupled with the product offer protection. The demand for the product is effective in oil & gas, food & beverage, automotive, metal manufacturing, and chemical. These factors are predicated to fuel market growth. Increased awareness to provide employee safety from infections is projected to drive nitrile disposable gloves market growth in the upcoming coming.

RESTRAINING FACTORS

"Alternatives or Substitutes in the Market to Hamper Market Growth  "

The presence of an alternative or substitute for the product is anticipated to hamper the market growth in the upcoming years.

Nitrile Disposable Gloves Market Regional Insights

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"Rise in Healthcare Expenditure in North America to Drive Market Share "

A rise in healthcare expenditure in North America is anticipated to witness the highest nitrile disposable gloves market share. Increase the elderly population and growing awareness about worker safety. Further, the market growth is attributed due to the high demand for the material in the healthcare sector. A rise in the geriatric population and growing investment by governments are anticipated to fuel market growth. Growing healthcare expenditure coupled with a change in lifestyles. Further, increased awareness about the benefits of the material such as less friction, long shelf life, and puncture resistance. These factors are predicated to fuel nitrile disposable gloves market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

LIST OF TOP NITRILE DISPOSABLE GLOVES COMPANIES

• Hartalega (Malaysia)
• Top Glove (Malaysia)
• Kossan (Malaysia)
• YTY GROUP (Malaysia)
• Riverstone (Singapore)
• Ansell (Australia)
• Semperit (Austria)
• Supermax (Malaysia)
• Medicom (Canada)
• UG Healthcare (Malaysia)
• Careplus (U.S.)
• Zhonghong Pulin (China)
• INTCO (China)
• Bluesai (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.