Number of pages: 100 | Report Format: PDF | Published date: July 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global nitrile gloves market was valued at US$ 6.48 billion in 2022 and is expected to register a revenue CAGR of 5.67% to reach US$ 10.64 billion by 2031.
Nitrile Gloves Market Fundamentals
Nitrile gloves are made from synthetic rubber. They are commonly used in various industries, including healthcare, pharmaceuticals, food handling, chemical handling, and manufacturing. Nitrile gloves offer several advantages over other types of gloves, such as latex gloves. They are resistant to punctures, chemicals, and oils, which makes them ideal for applications where protection and durability are crucial. Additionally, nitrile gloves are suitable for individuals with latex allergies since they do not contain natural rubber latex proteins.
The nitrile gloves market globally is witnessing significant new developments and possibilities that are expected to result in substantial revenue growth in the forecast years. There has been a noticeable increase in the use of nitrile gloves in different fields like food handling, janitorial services, and home care due to increased awareness of safety and hygiene practices. Moreover, the growing adoption of nitrile gloves in the automotive, chemical, and pharmaceutical industries is also driving the global nitrile gloves market. Moreover, technological advancements have led to the development new and improved nitrile gloves with enhanced properties such as better puncture resistance, grip, and comfort, further boosting their demand.
Market players continuously invest in research and development to introduce innovative nitrile glove products. This includes gloves with enhanced comfort, improved grip, and specialized features for specific industries or applications. The demand for nitrile gloves is expanding in emerging markets, particularly in the Asia Pacific and Latin America. Factors such as rising healthcare expenditure, increasing automation, and strict safety regulations are driving the market revenue growth in these regions.
Nitrile Gloves Market Dynamics
The healthcare industry is the primary consumer of the nitrile gloves market. Nitrile gloves are extensively used in hospitals, clinics, and other healthcare settings due to their superior puncture resistance, barrier protection, and chemical resistance properties. With the increasing focus on infection control and safety measures, the demand for nitrile gloves has grown significantly. Factors such as the rise in healthcare expenditure and increasing prevalence of hospital-associated infections. In 2022, the Centers for Disease Control and Prevention data showed that 1 in 31 hospital patients experienced a healthcare-associated infection.
The demand for nitrile gloves in different industries has been driven by strict regulations and standards to ensure worker safety and protection from chemical exposure. Nitrile gloves are preferred for workers in manufacturing, automotive, chemical, pharmaceutical, and food processing industries due to their excellent protection against hazardous substances like chemicals, oils, and solvents. The adoption of nitrile gloves has been propelled by the enforcement of occupational safety guidelines and emphasis on personal protective equipment (PPE), contributing to the market's growth.
There has been a significant shift from latex gloves to nitrile gloves in various end-use industries. This transition is primarily driven by concerns related to latex allergies and sensitivities. Nitrile gloves are considered hypoallergenic as they do not contain latex proteins that can cause allergic reactions. Additionally, nitrile gloves offer comparable or even superior performance characteristics to latex gloves, including enhanced durability, flexibility, and resistance to punctures. The increasing awareness about latex allergies, coupled with the availability of high-quality nitrile gloves, has led to a growing preference for nitrile gloves across industries, further boosting the market.
One significant restraining factor in the nitrile gloves market is the increasing competition from alternative materials such as latex and vinyl gloves. As more manufacturers start producing these alternatives, it creates a wider range of choices for customers and reduces their reliance on nitrile gloves. Additionally, the fluctuating prices of raw materials used in nitrile glove production, such as butadiene, can also act as a restraining factor as it affects the overall profitability of manufacturers and may lead to price fluctuations for customers.
the global nitrile gloves market is analyzed from the following perspectives: by type, end user, and region.
Nitrile Gloves Market by Type
Based on type, the global nitrile gloves market is segmented into powder-free and powdered.
The powdered-free segment accounted for the majority of the global nitrile gloves market revenue share in 2022. This is due to the increasing adoption of radiofrequency-based devices for cellulite reduction procedures. These devices use heat to target and break down fat cells while also stimulating collagen production for smoother, firmer skin. Additionally, the non-invasive nature of radiofrequency treatments has made them a popular choice among patients who want to avoid the downtime and risks associated with surgical procedures. Furthermore, technological advancements in radiofrequency devices have allowed for more precise and customizable treatments, catering to individual patient needs and body types. As a result, the demand for these procedures is expected to continue to rise in the coming years. However, patients need to do their research and choose a qualified and experienced provider to ensure safe and effective treatment.
Nitrile Gloves Market by End User
Based on the end user, the global nitrile gloves market is segmented into pharmaceutical, oil & gas, medical & healthcare, metal & machinery, food & beverage, cleanroom, chemical & petrochemical, automotive, and others.
The medical & healthcare segment accounted for the majority of the global nitrile gloves market share. The demand for nitrile gloves increased exponentially to prevent cross-contamination and transmission of pathogens during medical examinations and surgeries. Nitrile gloves do not contain the proteins that can cause allergic reactions in some people, making them a suitable alternative for individuals with latex allergies. They are highly resistant to chemicals, punctures, and tears. Nitrile gloves are also relatively inexpensive, making them a cost-effective option for healthcare facilities.
Nitrile Gloves Market by Region
Based on the region, the nitrile gloves market is segmented into North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa.
North America accounted for 36.23% of the global nitrile gloves market in 2022. This significant market share can be attributed to the growing awareness about the importance of hand hygiene and safety measures in various industries such as healthcare, food processing, and automotive. Additionally, the increasing prevalence of chronic diseases and the rising geriatric population in North America have further fueled the demand for nitrile gloves. Moreover, the stringent regulations and guidelines set by regulatory bodies such as the Occupational Safety and Health Administration (OSHA) and the Food and Drug Administration (FDA) have also contributed to the growth of the nitrile gloves market in the region.
The Asia Pacific nitrile gloves market is projected to register a 6.27% of revenue CAGR in the forecast years. This growth can be attributed to the increasing demand for nitrile gloves across various industries, such as healthcare, food processing, and manufacturing. The region's expanding healthcare sector and rising awareness regarding safety and hygiene are expected to drive the market revenue growth. Additionally, the stringent regulations regarding worker safety and the need for personal protective equipment (PPE) are further boosting the demand for nitrile gloves in the region.
Nitrile Gloves Market Competitive Landscape
The competitive landscape of the nitrile gloves market is highly competitive and characterized by intense competition among key players. The market is witnessing a significant increase in the number of manufacturers, both global and regional, which has led to fierce competition for market share. Key players in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge. Additionally, the market is also witnessing the entry of new players, further intensifying the competition.
Some of the prominent companies having the largest revenue share in the global nitrile gloves market are,
Nitrile gloves are made from synthetic rubber commonly used in industries including healthcare, pharmaceuticals, food handling, chemical handling, and manufacturing.
The global nitrile gloves market has been growing steadily over the years. This growth can be attributed to factors such as a significant increase in stringent regulations and increasing advancements.
The global nitrile gloves market is expected to register a revenue CAGR of 5.67% in the forecast period from 2023 to 2031.
North America accounted for the majority of the global nitrile gloves market share in 2022.
The global nitrile gloves market was valued at US$ 6.48 billion in 2022.
*Insights on financial performance are subject to the availability of information in the public domain