Nitrile Gloves Market size worth over USD 11.2 billion by 2027
Published Date: May 11, 2021 Authors: Kunal Ahuja, Amit Rawat
According to a new research report by Global Market Insights Inc., Nitrile Gloves Market size is set to surpass USD 11.2 Billion by 2027.
The nitrile gloves are best suited for its usage in handling harsh solvents and chemicals owing to its demand from chemical industry which should augment market growth across the globe. Additionally, its ability to offer and resistance against extreme chemicals are also stipulating towards the overall nitrile gloves market growth.
Booming medical & healthcare industry owing to spread of novel corona virus across the globe is one the key factor attributing towards nitrile gloves market. In addition, rising demand for industrial grade nitrile gloves are used for various applications including automotive, food & beverage and chemical industry is expected to propel market growth.
Industrial grade nitrile gloves are extensively used in production and manufacturing units of metals & machinery, oil & gas, electronics, chemical, paint & coating and printing and dyeing industry which requires protection of their workers from exposure to chemical hazards. The nitrile gloves offer comfort to wear for extended period and offers protection against hazardous materials thereby driving the demand for industrial grade nitrile gloves over the forecast period of time.
Booming demand for powdered gloves from medical & healthcare industry are stipulating towards market growth
Powdered nitrile gloves have immense demand from medical & healthcare industry. The market from powdered nitrile gloves was valued around USD 1,070 million at 2020. Powdered nitrile gloves are often used as disposable gloves which are easier to slip on to hands and facilities easier glove wearing process owing to its application in chemical, medical and healthcare industry. These gloves offer ability to absorb excess moisture on hands and are usually used by individuals prone to palm sweating.
Powder prevents gloves from sticking together and is widely used as patient examination gloves in healthcare centers. In 2018, the global healthcare industry was estimated to be over 8.40 trillion which shows positive impact for product market growth. Moreover, presence of sophisticated healthcare infrastructure and rising awareness about health issues among workers should accelerate the nitrile gloves market share.
Micro roughed nitrile gloves offering fine grip when worn should witness significant growth over the forecast period
Global micro roughened nitrile gloves market is projected to gain traction with the CAGR of around 13 % over the forecast period. It is lightest form of texturing and over 55% nitrile gloves are micro-roughened. These gloves have surfaces which appears to be lightly sanded and offers high stability in holding small objects, additional grip for holding tools without disturbing examination, procedure and patient owing to its application in medical and healthcare.
Micro roughened nitrile gloves do not require sterile conditions during procedures including blood test which can cause infection and protects wearer from pharmaceutical and dangerous chemicals. Micro roughened textured gloves have wider acceptance for medical examination as it prevents contamination from patient to care takers while offering improved performance.
Browse key industry insights spread across 325 pages with 300 market data tables and 49 figures & charts from the report, “Global Nitrile Gloves Market Size By Type (Powdered, Powder-Free), By Grade (Medical, Industrial, Food), By Texture (Smooth, Micro-Roughened, Aggressively Textured), By End-Use (Medical & Healthcare, Food & Beverage, Automotive, Oil & Gas, Construction, Chemical, Pharmaceutical, Metals & Machinery), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing demand for nitrile gloves creates lucrative growth opportunities from medical & healthcare application
Medical & healthcare application is anticipated to witness significant growth during the forecast period with the CAGR of 13.5 % by the end of 2027. Nitrile gloves has excellent strength and chemical resistant properties, indicates significant growth opportunities from healthcare segment. Gloves protect healthcare professionals from contamination hazards, transmissible disease, hazardous chemicals and offers lower level of friction making it easier to wear for a longer time period.
Surgical gloves should be of high quality, durability and unpowdered to avoid the illness or infection during surgical procedures. Growing consumer awareness regarding allergy caused due to latex gloves is expected to boost product demand from medical and healthcare industry. Presence of vast population and increased demand for examination and surgical gloves from healthcare centers should fuel the nitrile gloves market revenue over the forecast period.
“As per industry forecast, medical & healthcare application is stipulated to surpass USD 8,585 Mn by the end of 2027, as nitrile gloves has excellent puncture resistance which enhances its application when medical professionals work with needles, surgical tools and scalpels and fulfills the need of right protective gear”
Asia Pacific nitrile gloves industry is gaining traction owing to rapid industrialization
Asia Pacific market is anticipated to exceed by USD 1,710 million by the end of 2027 owing to rapid industrialization and growing industries such as food & beverage, automotive, oil & gas, construction, chemical, metals & machinery among several others. Improved workers safety parameters are expected to fuel overall gloves demand from industrial application segment. Nitrile gloves are primarily used for hand protection and material handling in the industrial application segment.
Increasing demand for gloves to resist chemical interaction with human hands thereby protecting hands of workers should boost product demand. Nitrile gloves offer good chemical resistant and are cheaper than other gloves therefore used for wide range of applications in chemical industries. Chemical manufacturers use nitrile gloves as it resists gasoline, petroleum solvents and gasoline. Nitrile gloves are widely used in chemical laboratories as it protects from chemical hazards and enhances chemical handling task which should accelerate the nitrile gloves market growth.
“Asia Pacific is likely to grow with CAGR of over 14.5 % by the end of 2027 owing to increasing product penetration in medical & healthcare application segment owing to increasing consumer awareness related to health & hygiene”
Key players operating in nitrile gloves industry are continuously engaged in several activities such as research development, mergers, acquisition, and others. As nitrile gloves has wider acceptance various end use industry which includes construction, food, chemical, pharmaceutical, oil & gas and others. Some of the industry players operating in the market are Top Glove Corporation Bhd, KINGFA SCI. & TECH. COMPANY LIMITED, Top Glove Corporation Berhad,, VWR , Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Medline Industries, Inc., YTY Group, Semperit Investments Asia Pte Ltd.