Report Scope & Overview:
Nitrile Gloves Market is valued US$ 9.49 billion in 2022. The nitrile gloves market is predicted to rise at a CAGR of 5.5% to reach a market size of US$ 14.57 billion in 2030. Because of increased knowledge of the benefits of nitrile gloves in the healthcare industry, the nitrile glove market is predicted to rise. Nitrile gloves provide a number of benefits, including being more resistant to chemicals, oils, and acids than natural rubber, as well as being stronger. Because of its elasticity and chemical resistance, nitrile is a good material for general-purpose gloves, according to the University of Pennsylvania's Environmental Health and Radiation Safety unit.
Nitrile gloves market has a longer shelf life, less friction, and are more puncture resistant than latex gloves. Moreover, increased awareness of latex allergies is expected to drive demand for these products over the forecast period. Nitrile gloves are projected to outperform vinyl and latex gloves in terms of puncture and chemical resistance.
MARKET DYNAMICS:
KEY DRIVERS:
Medical nitrile gloves are in high demand.
In comparison to other varieties, it has more refined features. According to the Health Industry Distributors Association, the global demand for nitrile gloves has reached $585 billion this year, but producers can only create 370 billion at present time. Furthermore, in compared to their supply targets, the Strategic National Stockpile (SNS) has a limited quantity of gloves. According to White House estimates, the Department of Health and Human Services (HHS) hoped to keep 4.5 billion pairs of gloves in the SNS, but only had 179 million pairs in late November. HHS forecasted that demand for gloves would soon reach 104 billion per year in late October.
RESTRAINTS:
COVID-19 cases are on the rise.
During the pandemic, a lack of this crucial product increased prices, pinching frontline and other workers, so brokers offered counterfeit medical gloves. The Vietnamese glove maker VRG Khai Hoan JSC, which produces Vglove brand nitrile gloves, has issued a message to consumers warning of counterfeit copies of its nitrile gloves as well as fraudulent conduct by people imitating the company's brokers. Prices for the gloves skyrocketed due to increased demand and scarcity, and a slew of new entrants into the medical nitrile glove industry caused a scramble for supplies by buyers and sellers. Holy Name Medical Center in Teaneck, New Jersey requires 300,000 gloves each month, and meeting that demand became more difficult in September 2020 due to a scarcity of gloves and rising pricing.
Opportunities:
Launch of a new product and partnership to improve the manufacturing process. Consumers are becoming more alert and aware of health and hygiene concerns. As a result, businesses are putting greater emphasis on research and development in order to create better preventive and safety alternatives, giving them an advantage over their competitors. They're releasing new items with improved functionality. In the current context, prominent players have a significant impact on the global medical nitrile gloves market's trends. Major players' strategic moves are observed, such as a greater focus on acquisition and collaboration to enhance product portfolios and expand scientific and technology skills around the world. Aside from that, prominent players are interested in expanding regional reach by appointing distributors, which has been used as a medical nitrile gloves market penetration strategy.
IMPACT OF COVID-19:
The healthcare industry is well-known for being susceptible to economic upheavals, such as recessions, natural disasters, and pandemics. Along with the increase in cases, the lack of PPE has increased as well, but nitrile gloves are the most recent item to experience a dramatic decline in supply. The US Government Accountability Office echoed Mangia and Tighe's concerns about the glove scarcity in a November report to congressional committees. During the projected period, the disposable gloves market is expected to develop because to an increase in the occurrence of contagious diseases and COVID-19. Despite the fact that the COVID-19 pandemic is still transforming the growth of numerous industries, the outbreak's immediate impact differs. Furthermore, due to increased demand for disposable gloves around the world as a result of the COVID-19 epidemic, the industry has seen an unanticipated increase.
Because of increased consumer concerns about personal health and safety, the nitrile glove market is expected to rise rapidly in the future years. One of the major issues driving the adoption of nitrile gloves in the medical and healthcare industries is the emergence of COVID-19. Furthermore, as COVID-19 grows, demand for gloves will rise in the institutional and home sectors, including food services, stores, offices, schools, and indoors and outdoors.
The nitrile gloves segment dominated the global market in 2019, but the vinyl gloves sector is predicted to rise at the fastest CAGR during the forecast period, owing to various advantages, such as the fact that vinyl gloves are latex-free and made from polyvinyl chloride and plasticizers. These gloves are mostly used in catering, culinary services, lab work, and analysis for food handling regulations. It provides the acid resistance needed for laboratory testing, minimal maintenance, and clean up. As a result, vinyl gloves are projected to become more popular in the future.
By Key Players:
Top Glove Corporation, Hartalega Holdings Berhad, Unigloves Limited, Adenna LLC, Kossan Rubber, Industries Bhd, Superior Gloves, MCR Safety, Supermax Corporation Berhad, Ammex Corporation, Cardinal Health, Medline Industries, Inc. , Dynarex Corporation, Shield Scientific B.V., Mercator Medical S.A, Hartalega Holdings Berhad, Ansell Healthcare, Medline Industries, 3M, McKesson Corporation ,Honeywell International Inc , Atrium Medical Care, Kimberly Clark, SHIELD Scientific, Supermax Healthcare Limited, and other players.
Market Segmentation:
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
Others
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.49 Billion |
| Market Size by 2030 | US$ 14.57 Billion |
| CAGR | CAGR of 5.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • 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, Others) • By Texture (Smooth, Micro-roughened, Aggressively textured) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Top Glove Corporation, Hartalega Holdings Berhad, Unigloves Limited, Adenna LLC, Kossan Rubber, Industries Bhd, Superior Gloves, MCR Safety, Supermax Corporation Berhad, Ammex Corporation, Cardinal Health, Medline Industries, Inc. , Dynarex Corporation, Shield Scientific B.V., Mercator Medical S.A, Hartalega Holdings Berhad, Ansell Healthcare, Medline Industries, 3M, McKesson Corporation ,Honeywell International Inc , Atrium Medical Care, Kimberly Clark, SHIELD Scientific, Supermax Healthcare Limited, and other players. |
Ans: During the projected period, the disposable gloves market is expected to develop because to an increase in the occurrence of contagious diseases and COVID-19. Despite the fact that the COVID-19 pandemic is still transforming the growth of numerous industries, the outbreak's immediate impact differs. Furthermore, due to increased demand for disposable gloves around the world as a result of the COVID-19 epidemic, the industry has seen an unanticipated increase.
Ans: Smooth, Micro-roughened And Aggressively Textured are the sub-segments of by Texture segment
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Nitrile gloves have a longer shelf life, less friction, and are more puncture resistant than latex gloves.
Ans: From an initial value of US$ 388 million in 2022 the nitrile gloves market is predicted to rise at a CAGR of 8.5 percent to reach a market size of US$ 633 million in 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Nitrile Gloves Market Segmentation, By Type
8.1 Powdered
8.2 Powder-free
9. Global Nitrile Gloves Market Segmentation, By Grade
9.1 Medical
9.2 Industrial
9.3 Food
10. Global Nitrile Gloves Market Segmentation, By Texture
10.1 Smooth
10.2 Micro-roughened
10.3 Aggressively Textured
11. Global Nitrile Gloves Market Segmentation, By End-use
11.1 Medical & Healthcare
11.2 Food & Beverage
11.3 Automotive
11.4 Oil & Gas
11.5 Construction
11.6 Chemical
11.7 Pharmaceutical
11.8 Metals & Machinery
11.9 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
13.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Top Glove Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Unigloves (UK) Limited
13.3 Adenna LLC
13.4 Kossan Rubber Industries Bhd
13.5 Superior Gloves
13.6MCR Safety
13.7 Supermax Corporation Berhad
13.8 Ammex Corporation
13.9 Cardinal Health
13.10 Medline Industries, Inc.
13.11 Dynarex Corporation
13.12 Shield Scientific B.V. (Netherland)
13.14 Mercator Medical S.A, (Poland)
13.14 Hartalega Holdings Berhad (Malaysia)
13.14 Ansell Healthcare
13.16 Medline Industries, In
13.17 3M
13.18 McKesson Corporation
13.19 Honeywell International Inc
13.20 Atrium Medical Care
13.21 Kimberly Clark
13.22 SHIELD Scientific (France)
13.23 Supermax Healthcare Limited (UK)
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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