Global Nitrile Gloves Market Size By Type (Powdered, Powder-free), By Grade (Medical Grade, Industrial Grade), By End-Use (Healthcare, Food and Beverage), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Nitrile Gloves Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.
The expanding healthcare and chemicals sectors, as well as the significant prevalence of COVID-19 cases, are driving the Global Nitrile Gloves Market expansion. The Global Nitrile Gloves Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Nitrile Gloves Market Definition
Nitrile rubber is a type of synthetic rubber that is also known as NBR, Acrylonitrile butadiene rubber, and Buna-N. It is also known by several other names in the industry, including Perbunan, European, Krynac, and Nipon. Due to its resistance to fuel, chemicals, and oil, rubber is essential for use in various industrial applications. Its high resistance is widely used in oil and fuel handling hoses, grommets, seals, and fuel tanks in the automotive industry. Furthermore, advancements in nitrile gloves have advanced its application with the introduction of varieties such as hydrogenated nitrile rubber and carboxylate nitrile rubber.
Global Nitrile Gloves Market Overview
The COVID-19 pandemic really kicked things into high gear for nitrile gloves worldwide! You know, those gloves we see everywhere, from doctors' offices to labs? Well, we started using a lot more of the disposable kind. And it wasn't just gloves - things like medical gowns and even masks made with nitrile materials got super popular. But get thisall that demand during the COVID-19 period (2019-2020) also meant prices went way up, thanks to supply chain headaches and pricier raw materials. Thankfully, governments started helping out manufacturers of PPE like nitrile gloves, and honestly, those manufacturers were able to charge a premium in many places, which really helped boost the market's value. All those incentives and the crazy demand led to a ton of new investment in the Nitrile Gloves Market.
Around the world, we're seeing more and more surgeries happen each year. And with all the cool new tech and methods popping up in both rich and developing countries for treating different health issues, experts think we'll see a jump in the use of those allergy-free, super-clean nitrile gloves. Big names in the Nitrile Gloves Market are really putting in the work with clinical research and rolling out fresh, cutting-edge products to make surgeries even better. Plus, as people in construction, mining, chemical plants, the oil & energy sector, and the machinery biz become more aware of safety at work, that'll give the market a boost too. On the flip side, the coronavirus pandemic is throwing a wrench in the gears of the industrial machine. And companies in the glove game are facing a real fight as more and more industries start buying locally made gloves.
Global Nitrile Gloves MarketSegmentation Analysis
The Global Nitrile Gloves Market is segmented on the basis of Type, Grade, End-Use, And Geography.
Nitrile Gloves Market, By Type
• Powdered• Powder-free
Based on Type, The market is segmented into Powdered and Powder-free. Powdered gloves usually contain cornstarch, which makes them easier to put on, especially in crowded places, and can avoid gloves from sticking together.
Nitrile Gloves Market, By Grade
• Medical Grade• Industrial Grade• Food Grade
Based on Grade, The market is segmented into Medical Grade, Industrial Grade, and Food Grade. There are different grades of nitrile gloves available including Medical, Industrial, and Food grades each having its own USPs.
Based on End-Use, The market is segmented into Healthcare, Food & Beverage, Construction, Chemical, Pharmaceutical, Metals & Machinery, Automotive, Oil & Gas, and Others. Currently, the Healthcare segment dominates the market share owing to the outbreak of Covid 19 due to which demand for Nitrile gloves has increased significantly in the Healthcare sector.
Nitrile Gloves Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Regional Analysis, The Global Nitrile Gloves Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest proportion of the Nitrile Gloves Market followed by Europe and the Asia Pacific region. Throughout the forecast period, it is expected to maintain its dominance. The United States and Canada are the two primary countries in this region that drive the industry.
Key Players
The “Global Nitrile Gloves Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as 3M, Cardinal Health, AMD Medicom Inc., Hartalega Holdings Berhad, Supermax Corporation Berhad, Medline Industries, Inc., B. Braun Melsungen AG, Kimberly Clark Corporation, Rubberex Corporation, Kossan Rubber Industry Ltd., Top Glove Corporation Berhad, Dynarex Corporation, Ansell Limited.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• On April 2022, Canada-based AMD Medicom Inc. (“Medicom”), one of the world’s leading producers and distributors of personal protective equipment, announces the establishment of Manikheir Canada Inc. (“Manikheir Canada”), a new subsidiary in London, Ontario that will manufacture nitrile gloves. This growth is made possible by a collaboration with the Ontario government, which has committed to purchasing 500 million locally manufactured nitrile medical examination gloves each year for its healthcare system.
• On April 2021, Yanimed has formed a joint venture with Guangdong Guyun Medical Technology Co., Ltd, a Chinese manufacturing company specializing in R&D, production, and manufacturing of disposable medical items including nitrile gloves. By partnering with Guyun Medical, Blokkx Ltd. has taken a significant step toward becoming a major player in the medical consumables sector in the United States.
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Reasons to Purchase this Report
We'll dive into the market using both numbers (quantitative) and deeper insights (qualitative), breaking it down into segments based on everything from the economy to other influential stuff. You'll get market values (in USD Billion!) for each and every segment and sub-segment. We'll point out which region and segment is predicted to grow the fastest and which will be the big dog in the market. Expect a geographic analysis that highlights how the product/service is used in each region, plus what's influencing the market there. We'll map out the competitive scene, ranking the major players and detailing new service/product launches, partnerships, expansions, and acquisitions from the last five years. You'll also get extensive company profiles with an overview, insights, product benchmarking, and SWOT analysis for the key players. We'll give you the current and future outlook, highlighting recent developments, growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. Plus, a deep dive using Porter's five forces and a look into the market's Value Chain. Finally, we'll explore the market dynamics and growth opportunities expected in the coming years. Oh, and don't forget 6 months of post-sales analyst support!
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