Nitrile Gloves Market Share to Reach USD 3.37 Billion in 2027; at a CAGR of 5.9% : Reports and Data

The study methodologies used to examine Nitrile Gloves Market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

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New York, NY -- (SBWire) -- 04/12/2021 --The Global Nitrile Gloves Market is projected to grow at a CAGR of 5.9% from USD 2.12 billion in 2019 to USD 3.37 billion in 2027. The report focuses on the recent market trends and end-use application of nitrile gloves. A growth in occurrence of epidemic diseases and a subsequent demand for infection prevention and control utilities would drive the market demand in the upcoming years.

Nitrile gloves are primarily used across medical sector, as a safety tool to prevent spreading of infection between caretakers and patients. The benefits offered by nitrile gloves comprise superior strength, longevity, and better protection against blood borne pathogens. Further, nitrile gloves being latex-free, it becomes preferable of choice for medical professionals to cure allergic cases.

Rise in awareness pertaining to wellbeing and hygiene amongst medical professionals and patients is estimated to stimulate the market growth. However, likely risk of price rivalry from local producers limits the growth of the market. Prospects in untapped markets that have high potential owing to developing healthcare infrastructure, growth in occurrences of chronic diseases and requirement for surgical interventions would further create a rise in demand for nitrile gloves in the forecast period.

Asia pacific market is estimated to witness fastest growth rate of 6.5% in the nitrile gloves market. This can be chiefly attributed to the growth in healthcare sector and food processing industry in the countries in this region, especially China, India and South Korea.

Key participants include Ansell, Hartalega Holdings Berhad, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Ltd., Supermax Corporation Berhad, Rubberex, Adventa Berhad, Kimberly Clark and 3M among others.

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For the purpose of this report, Reports and Data have segmented global nitrile gloves market on the basis of type, component, texture, grade, product finish, end-user and region:

Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Powdered
Powder Free
Sterile
Non-Sterile

Component Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Butadiene
Acrylonitrile

Texture Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Smooth
Micro-Roughened
Aggressively Textured

Grade Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Industrial Grade
Medical Grade
Exam Grade

Product Finish Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Chlorinated
Polymer Coated
No Finish

End-user Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Automotive
Manufacturing
Healthcare
Oil & Gas
Construction
Food Processing
Others

Regional Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

North America
Europe
Asia Pacific
Latin America
MEA

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Further key findings from the report suggest

Powder-free nitrile gloves is projected to capture the largest market share and would grow at a rate of 6.4% during the forecast period. This dominance of powder-free nitrile gloves is due to the rising incidence of allergic reactions in people using powdered gloves.
Micro-roughened nitrile gloves would contribute to the largest share of the market growing at a rate of 6.3% during the period 2019-2026. This type of texture is most popular on nitrile gloves. The surface of micro-roughened gloves appears like it has been lightly roughened, which offers a good extent of extra grip to the gloves. Micro-roughened gloves, are extensively used in medical practices allowing the practitioners to easily grip medical tools.
North American market is forecasted to grow at a CAGR of 6.4% in the upcoming years and would reach USD 1.13 Billion by 2026. Rapid advancement in the field of healthcare services in this region along with growth in industrialization is estimated to propel the market for nitrile gloves. Regulatory agencies in the region are imposing strict regulations and norms on employers to ensure worker safety and protection owing increasing occurrence of work-related risks.
On March, 2019, Ansell, a leading company providing safety solutions, launched MICROFLEXMidKnight XTRA, an exam grade nitrile glove that has been examined against both fentanyl and gastric acid to simulate real-world overdose situations. This glove features an extended cuff for additional coverage of the wrist and forearm and has a distinctive black color that lets wearers to easily view possibly risky powders on hands.

Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Increasing incidence of epidemic diseases
3.1.2. Rising prevalence of nitrile gloves
3.1.3. Growing global R&D investment
Chapter 4. Nitrile Gloves Market Segmentation & Impact Analysis
4.1. Nitrile Gloves Segmentation Analysis
4.2. Nitrile Gloves Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Recent Developments
4.5. Nitrile Gloves Market Impact Analysis
4.5.1. Market driver analysis

Continued…

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