Nitrile Gloves Market Competitive Landscape, Growth, Segmentation and Outlook

Nitrile Gloves Market Expected to Reach USD 19.04 Billion by 2029, with 10.54 % CAGR

Nitrile Gloves Market Report Scope and Research Methodology

Report Scope:

The comprehensive "Global Nitrile Gloves Market Report 2022" delves into various segments of the Nitrile Gloves market, including Type, Product, and End Use. The report draws data from market participants and encompasses regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. MMR's market report offers an in-depth analysis of the rapid advancements occurring across all industry sectors. It employs facts, figures, illustrations, and presentations to provide essential data analysis for the historical period from 2018 to 2022. The report explores the drivers, limitations, prospects, and barriers within the Nitrile Gloves Market. Furthermore, it provides investor recommendations based on a comprehensive evaluation of the contemporary competitive landscape in the Nitrile Gloves Market.

Research Methodology:

This report's research methodology ensures the accuracy and reliability of the findings. Data has been sourced from reputable market participants and analyzed through rigorous research methods to provide insights into the Nitrile Gloves Market.

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What are Nitrile Gloves Market Dynamics?

Drivers:

In recent years, the global demand for disposable nitrile gloves has witnessed substantial growth. This expansion is primarily driven by increased demand for disposable nitrile gloves across various end-use sectors. Additionally, growing awareness of healthcare-associated infection (HAI) prevention and the superior profitability of by-products are expected to further fuel market growth in the coming years.

The sudden emergence of COVID-19 has significantly boosted the demand for nitrile gloves in the healthcare sector, thereby driving market expansion. The demand for nitrile gloves has risen due to COVID-19 vaccination campaigns worldwide, and this trend is expected to persist. Healthcare workers increasingly prefer disposable gloves to eliminate cross-contamination during treatment or examination.

The COVID-19 pandemic has played a significant role in boosting the demand for nitrile gloves, particularly in the healthcare sector, to prevent further transmission. Rising public awareness of hygiene practices has further increased the demand for nitrile gloves. The prevalence of infectious diseases, including COVID-19, has driven the market's growth. Furthermore, growing government support for the healthcare sector's expansion and increased health consciousness are expected to drive market revenue growth.

Latex allergies among healthcare workers due to latex gloves are anticipated to drive market expansion. Latex allergy reactions occur more frequently in high-risk occupations due to increased exposure to latex products, affecting up to 14% of healthcare industry workers. Increased usage of latex gloves in healthcare facilities to prevent HIV/AIDS and hepatitis B transmission is linked to the rise in latex allergies. Nitrile gloves, known for their longer shelf life, reduced friction, and puncture resistance compared to latex gloves, are expected to witness increased demand due to rising latex allergy awareness.

Restraints:

Fluctuating raw material costs, particularly for nitrile butadiene rubber and acrylonitrile, may hinder market expansion. Price volatility in these raw materials, expected to rise further during the forecast period, could limit revenue growth. The sudden shutdown of manufacturing facilities has also led to a shortage of butadiene, driving up the cost of producing nitrile gloves.

Nitrile Gloves Market Segmentation?

Powder-free Segment is leading the market with the highest CAGR over the anticipated period based on Type. Gloves that aren't powdered go undergo a chlorination procedure to loosen them up and make powder application and removal easier while also becoming less form-fitting. These gloves are more expensive than powdered gloves.

Among product categories, the disposable sector is currently leading the market with the highest CAGR. Disposable nitrile gloves are frequently thinner than long-lasting gloves, which provide more sensitivity. These gloves provide protection from irritants and mild chemicals. They are not, however, appropriate for use in harsh environments or with abrasive chemicals in industries like metal & manufacturing or oil & gas.

The market is being dominated by the Medical & Healthcare end use category with the greatest CAGR during the forecast period. The need for nitrile gloves increased dramatically as a result of the need to prevent the spread of germs during medical operations and examinations. Disposable nitrile gloves are quite popular since the risk of contamination is reduced.

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Who are Nitrile Gloves Market Key Players?

1. Siemens Healthcare
2. Dynarex Corporation
3. Ansell Healthcare
4. Hartalega Holdings Berhad
5. Supermax Corporation Berhad
6. Kossan Rubber Industries ltd
7. Top Glove Corporation Berhad
8. AdventaBerhad
9. Cardinal Health, Inc.
10. United Glove Inc.
11. MCR Safety
12. Medline Industries Inc.
13. Rubber Corporation (M) Berhad
14. Semperit Ag Holding
15. Supermax Corporation Berhad
16. Paul Hartmann
17. Fannin
18. Unigloves
19. 365 Healthcare
20. Medline Industries

Table of content for the Nitrile Gloves Market includes:

Part 01: Executive Summary

Part 02: Scope of the Nitrile Gloves Market Report

Part 03: Global Nitrile Gloves Market Landscape

Part 04: Global Nitrile Gloves Market Sizing

Part 05: Global Nitrile Gloves Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America boasts a substantial market share in terms of revenue, attributed to stringent regulatory compliance requirements and high hygiene standards set by U.S. healthcare regulatory bodies. The removal of import restrictions on medical nitrile gloves from major producers, such as Malaysia, by the U.S. government due to high demand has further boosted the nitrile gloves market in North America.

Europe is expected to witness increased market penetration during the forecast period, driven by a rising demand for highly effective protective gloves in various core industries, including food & beverage, metal manufacturing, oil & gas, automotive, and chemical, in response to a surge in occupational injuries.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from 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
Recommendations

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