Nitrile Gloves Market size to surpass USD 42 billion by 2028, according to a new research report by Global Market Insights Inc.
Nitrile gloves are experiencing significant traction from the chemicals industry owing to their ability to offer optimum resistance against harsh chemicals. Attributable to this, nitrile gloves are extensively used in the handling of harsh solvents, aiding product penetration in the sector.
Another major factor driving the market is the booming medical & healthcare industry, in which the new coronavirus pandemic has played a crucial role. Furthermore, increased demand for industrial-grade nitrile gloves, which are used in various industries, such as automotive, food & beverage, and chemical, is likely to foster the market expansion. Shifting consumer expectations, change in patient demographics, and new market entrants have led to a booming healthcare industry in North America, which will drive the requirement for nitrile gloves. The industry growth is further reinforced by the growing healthcare expenditure.
Powdered nitrile gloves to observe a healthy growth over the coming years
Nitrile gloves market from powdered segment is anticipated to witness 8.7% CAGR during the forecast period. These gloves are designed with specific characteristics that absorb excess moisture on hands and are highly preferred by individuals prone to palm sweating. Powdered nitrile gloves are often used as disposable gloves, which are easier to slip onto the hands and facilitate an easier glove-wearing process that finds major applications in the chemical, medical, and healthcare industries.
Browse key industry insights spread across 200 pages with 235 market data tables & 24 figures & charts from the report, “Nitrile Gloves Market Size, By Type (Powdered, Powder-free), Grade (Medical, Industrial, Food), Texture (Smooth, Micro-roughened, Aggressively Textured), End-use (Medical & Healthcare, Food & Beverage, Automotive, Oil & Gas, Construction, Chemical, Pharmaceutical, Metals & Machinery), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 – 2028”, in detail along with the table of contents:
Growing chemical and agricultural sectors to fuel the consumption of industrial-grade gloves
Nitrile gloves are utilized in various industries including automotive, agriculture, and chemical. Considering the need from the chemical industry, nitrile gloves are best suited for handling severe solvents and chemicals, which is likely to boost product penetration in the sector. Moreover, due to their ability to provide durability and resistance to harsh chemicals, nitrile gloves are in high demand in the automobile industry. Rising advancements and innovations in the automobile industry are expected to stimulate the overall market statistics.
Stringent food safety standards to enhance product adoption in the food & beverage sector
Nitrile gloves market from food & beverage segment is anticipated to observe a CAGR of over 8.9% during the forecast timeline, owing to numerous safety standards in the industry. Nitrile gloves are a critical component in maintaining safety and hygiene standards in foodservice applications. These gloves offer better protection when working with animal fat. Additionally, the market will also grow on account of various other benefits including oil resistance, puncture resistance, solvent resistance, and avoiding tearing when worn.
The established industrial and healthcare sectors in Europe will augment the market size
Europe nitrile gloves market is expected to grow significantly between 2022 and 2028, owing to the increasing demand in the construction, automotive, and other sectors. The region is also projected to acquire almost 30% portion of the global market share. Furthermore, stiff regulatory directives that encourage employee safety will fuel the regional demand for PPE products, such as nitrile gloves.
Some of the major participants in the nitrile gloves industry are Ansell, Top Glove Corp., Hartalega, Adenna LLC, Globus Group, Sri Trang Gloves Thailand (STGT), Semperit, YTY Group, Ammex, Avantor, and Dipped Products PLC.
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