Global nitrile glove market is projected to grow at a CAGR of 13.79% to reach US$11.873 billion by 2024, from US$5.470 billion in 2018. Rising concerns regarding latex allergy are the major driver of nitrile glove market. Ban on powdered gloves by the FDA (U.S. Food and Drug Administration) and in some European countries is escalating the demand for powder-free nitrile gloves. Strict regulations regarding workers’ safety coupled with a high focus on hygiene across various end-use industries such as oil and gas, chemical, and food processing are further boosting the demand for nitrile gloves globally. Moreover, nitrile gloves have higher chemical and puncture resistance than latex gloves which is also positively impacting their demand in different industries. Geographically, U.S. dominates the global nitrile gloves market owing to the ban on powdered medical gloves and high number of cases regarding latex allergies in the country.
By type, global nitrile gloves market has been segmented as powdered and powder-free. Powder-free nitrile gloves market will grow at a high CAGR during the projected period owing to the growing health concern regarding the use of powdered gloves. Recent ban on the use of powdered gloves in healthcare facilities by the FDA further reduces the demand for powdered nitrile gloves, thereby positively impacting the growth of powder-free nitrile gloves market.
By end-use industry, global nitrile gloves market is segmented as automotive, oil and gas, healthcare, food processing, construction, chemical, and others. Healthcare accounted for a large share in the global nitrile glove market in 2018 and is projected to continue dominating the market until the end of the forecast period.
Geographically, global nitrile gloves market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. Advanced economies such as EU, U.S. and Japan collectively account for about 68% of global glove consumption.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Global Nitrile Gloves Market.
Major industry players profiled as part of the report are Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Nitrile Industries Bhd, Supermax Corporation Berhad, and Latexx Partners Berhad among others.
The global nitrile gloves market has been analyzed through the following segments:
By End-Use Industry
Oil and Gas
Middle East and Africa