Nitrile Gloves Industry Overview
The global nitrile gloves market size was estimated at USD 8.76 billion in 2021 and is anticipated to reach USD 10.2 billion by 2030, at a compound annual growth rate (CAGR) of 5.7% during the forecast period.
The market growth is expected to be driven by growing healthcare expenditure, increased significance of workplace safety, and the rising awareness of healthcare-associated infections. The COVID-19 pandemic has resulted in an exponential increase in demand for a wide variety of PPE, including gloves. Disposable nitrile gloves are also often used by healthcare professionals to prevent contamination.
Gather more insights about the market drivers, restrains and growth of the Global Nitrile Gloves Market
This, in turn, is expected to boost the demand for disposable nitrile gloves during the forecast period. The rapid spread of the COVID-19 pandemic in the U.S. is anticipated to drive the demand for hand protection by 2030. In addition, post the COVID-19 pandemic, government authorities are expected to heavily invest in healthcare infrastructure, which is expected to have a positive impact on market growth in the coming years.
The healthcare industry in major developing countries is also expected to witness significant growth owing to several factors, including growing investments in both public and private sectors, increasing population, rising geriatric population, and a high influx of migrants. In addition, increasing healthcare expenditure is projected to boost the growth of the healthcare industry globally, which, in turn, is anticipated to spur the demand for hand protection during the forecast period.
As compared to latex gloves, nitrile gloves offer various benefits such as long shelf life, less friction, and puncture resistance. Furthermore, rising awareness regarding latex allergies is anticipated to drive the demand for these products during the projection period. Enhanced resistance of nitrile gloves toward puncture and chemicals as compared to vinyl and latex gloves is expected to augment the market growth.
The increasing number of COVID-19 cases globally has resulted in augmenting the demand for medical-grade nitrile gloves. Supply constraints such as the limited capacity of manufacturers, the long duration required for setting up new plants, and the limited availability of workforce are anticipated to widen the demand-supply gap of gloves globally.
Nitrile Gloves Market Segmentation
Based on the Type Insights, the market is segmented into Powdered, Powder-free.
- The powdered market segment is projected to grow at 3.5% from 2022 to 2030. Powdered nitrile gloves have either cornstarch or calcium carbonate coating, which makes them easier to put on while improving grip and reducing moisture inside.
- Powder free gloves are less form-fitting as they undergo chlorination process or polymer coatings such as acrylics, silicones, and hydrogels, resulting in the healthcare facilities replacing latex gloves with powder free nitrile gloves.
Based on the Product Insights, the market is segmented into disposable and durable.
- The disposable segment led the nitrile gloves market and accounted for 72% of the global revenue share in 2021. Disposable nitrile gloves are meant for single use and are discarded after every use.
- The demand for durable products is anticipated to grow at a CAGR of 4.7% during the forecast period. Durable nitrile gloves offer advantages such as durability, strength, low generation of waste, and other environmental benefits.
Based on End-use Insights, the market is segmented into Medical & Healthcare, Automotive, Oil & Gas, Food & Beverage, Metal & Machinery, Chemical & Petrochemical, Pharmaceutical, Cleanroom and Others.
- The medical & healthcare segment led the market and accounted for 87.6% of the global revenue share in 2021.
- The demand for nitrile gloves in the automotive industry is expected to witness a growth of 6.4% during the projected period.
Based on the Nitrile Gloves Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America held a majority share of the market and accounted for a 38% share of the global revenue in 2021. Factors responsible for the substantial demand include rising healthcare expenditure in the region, coupled with the increasing elderly population and growing awareness pertaining to healthcare-acquired infections among healthcare workers.
- The Asia Pacific market is anticipated to grow at a CAGR of 6.2% over the forecast period, on account of the rapid spread of coronavirus across various countries including India, Japan, and Indonesia.
Market Share Insights:
- March 2020: Hartalega Holdings Berhad announced the purchase of land to expand its glove production facilities in Sepang, Malaysia, as the demand for hand protection has surged owing to the COVID-19 pandemic.
- January 2021: Showa Group, a leading Japanese glove manufacturer, announced plans to triple the production capacity of nitrile gloves by 2022. This capacity expansion will boost the supply of nitrile gloves in North America and allow the company to achieve a key position in the market.
Key Companies Profile:
In order to cater to the increasing demand from various industries, companies have started expanding their business through mergers, acquisitions, the establishment of new production plants, and geographic expansion strategies. The industry also focuses on research & development activities to develop new technologies for the manufacturing of nitrile gloves.
Some prominent players in the global nitrile gloves market include
- Ansell Ltd
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Unigloves (UK) Limited
- Adenna LLC
- Kossan Rubber Industries Bhd
- Superior Gloves
- MCR Safety
- Supermax Corporation Berhad
- Ammex Corporation
- Cardinal Health
- Medline Industries, Inc.
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