Nitrile Gloves Market Size Worth $8.98 Billion By 2027 | CAGR: 14.1%: Grand View Research, Inc.

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Sep 08, 2020, 03:35 ET

SAN FRANCISCO, Sept. 8, 2020 /PRNewswire/ -- The global nitrile gloves market size is anticipated to reach USD 8.98 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 14.1% over the forecast period. Increasing demand for nitrile gloves in the medical industry owing to the high-performance characteristics of nitrile in comparison with other types of glove materials is expected to propel market growth.

Rising awareness regarding the safety and health measures associated with emergency response incidents coupled with the treatment of patients is anticipated to augment the demand for nitrile gloves in the healthcare sector. Furthermore, risks related to the on-the-job transmission of blood-borne pathogens have led to the increased adoption of gloves in medical facilities.

Key suggestions from the report:

Powder-free nitrile gloves accounted for 71.3% of the global revenue in 2019 owing to the high-strength characteristic of the gloves as compared to powdered gloves and increasing demand in the healthcare industry
Disposable nitrile gloves are expected to expand at CAGR of 14.5% over the forecast period on account of the increasing demand for single-use gloves across the end-use industries post the outbreak of COVID-19 pandemic
Medical and healthcare end-use segment accounted for 69.4% of the global revenue in 2019 as nitrile gloves are widely used across the industry as it aids in preventing cross-contamination and transmission of pathogens during medical examination and surgeries
The demand for nitrile gloves in North America is expected to witness a CAGR of 13.7% over the projected period on account of the rising healthcare expenditure, increasing elderly population, and growing awareness pertaining to healthcare-acquired infections
In April 2018, Top Glove Corporation Bhd announced the acquisition of Aspion Sdn Bhd, a key manufacturer of surgical gloves as this acquisition added 75 production lines, thus, increasing the production capacity by 4.77 billion gloves per annum.

Read 145 page research report with ToC on "Nitrile Gloves Market Size, Share & Trends Analysis Report By Product (Disposable, Durable), By Type (Powdered, Powder-free), By End Use (Medical & Healthcare, Pharmaceutical), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/nitrile-gloves-market

Thick puncture-resistant nitrile gloves are used in the automotive industry for providing protection against engine lubricants and oil. High resistance of nitrile rubber to oils, acids, and chemicals as compared to other types of rubbers is anticipated to augment its demand in several other industries including construction, chemical and petrochemical, and oil and gas.

The demand for healthcare services and products has led to increased use of personal protective equipment such as coveralls, gowns, lab coats and aprons, respirators, bouffant caps, shoe covers, masks, and gloves. In addition, increasing geriatric population is further anticipated to boost healthcare spending and healthcare-related products over the forecast period.

Grand View Research has segmented the global nitrile gloves market on the basis of type, product, end-use, and region:

Nitrile Gloves Type Outlook (Revenue, USD Million, 2016 - 2027)

Powdered
Powder-free

Nitrile Gloves Product Outlook (Revenue, USD Million, 2016 - 2027)

Disposable
Durable

Nitrile Gloves End-use Outlook (Revenue, USD Million, 2016 - 2027)

Medical & Healthcare

Surgical
Examination

Automotive
Oil & Gas
Food & Beverage
Metal & Machinery
Chemical & Petrochemical
Pharmaceutical
Cleanroom
Others

Nitrile Gloves Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

The U.S
Canada

Europe

Germany
France
Russia
Spain
Italy
The U.K.

Asia Pacific

Australia
China
India
Japan
South Korea
Indonesia

Latin America

Argentina
Brazil
Colombia
Mexico
Chile
Peru

The Middle East & Africa

South Africa
Saudi Arabia
UAE

List of Key Players of Nitrile Gloves Market

Top Glove Corporation Bhd
Hartalega Holdings Berhad
Ansell Ltd.
Supermax Corporation Berhad
Kossan Rubber Industries Bhd
MCR Safety
Medline Industries, Inc.
Superior Gloves

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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