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Nov 11, 2024

Nitrile Gloves Market to Grow by USD 3.54 Billion (2024-2028) as Hygiene and Safety Concerns Rise; AI-Driven Market Transformation Report - Technavio

Nov 01, 2024, 17:53 ET Share this article NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global nitrile gloves market size is estimated to grow by USD 3.54

Nov 01, 2024, 17:53 ET

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NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global nitrile gloves market size is estimated to grow by USD 3.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.8% during the forecast period. Rising concerns about hygiene and safety regarding healthcare-associated infections is driving market growth, with a trend towards increasing preference for biodegradable and powder-free nitrile gloves. However, volatile raw material prices and currency fluctuations poses a challenge.Key market players include 3M Co., Adenna LLC, AMMEX Corp., Ansell Ltd., Atlantic Safety Products Inc., Cardinal Health Inc., Diamond Gloves, Dolphin Products Inc., Dynarex Corp., Globus Shetland Ltd., Hartalega Holdings Berhad, Hebei Aihede Protective Products Co. Ltd., Honeywell International Inc., Hongray Group, HYGECO International SA, Just Gloves, Kanam Latex Industries Pvt. Ltd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, and McKesson Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 - 2022

Segment Covered

Product (Disposable and Durable), End-user (Medical and Non-medical), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

3M Co., Adenna LLC, AMMEX Corp., Ansell Ltd., Atlantic Safety Products Inc., Cardinal Health Inc., Diamond Gloves, Dolphin Products Inc., Dynarex Corp., Globus Shetland Ltd., Hartalega Holdings Berhad, Hebei Aihede Protective Products Co. Ltd., Honeywell International Inc., Hongray Group, HYGECO International SA, Just Gloves, Kanam Latex Industries Pvt. Ltd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, and McKesson Corp.

Key Market Trends Fueling Growth

The nitrile gloves market is witnessing a shift towards powder-free options due to health concerns and compliance with hygiene standards. Powdered gloves pose risks, including allergic reactions and contamination. Manufacturers focus on producing powder-free gloves using synthetic rubber like nitrile. The healthcare industry, including hospitals and geriatric populations, is a significant market segment. Other industries, such as pharmaceutical, oil & gas, and cleanroom industries, also use nitrile gloves for chemical resistance and infection prevention. The durable and cross-contamination-resistant gloves are essential in medical examinations and surgical procedures. The powder-free segment's growth is driven by the need for allergic reactions prevention and the increasing demand for disposable gloves. Raw material costs, such as acrylonitrile-butadiene rubber, impact the market.

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This nitrile gloves market report extensively covers market segmentation by

1.1 Disposable- The disposable segment of the global nitrile gloves market is experiencing growth, driven by the advantages of synthetic rubber gloves over traditional latex ones. Nitrile gloves, made from silicone or hydrogels, are highly resistant to punctures, chemicals, and oils, making them indispensable in various industries. In healthcare, they are extensively used in hospitals, clinics, and laboratories to ensure protection against infectious diseases, chemicals, and bodily fluids. With increasing healthcare spending and public funding, the demand for nitrile gloves as personal protective equipment is surging. The geriatric population's vulnerability to allergic reactions and contamination risk further fuels the market's growth. Product innovation, such as powder-free and durable nitrile gloves, prevents allergic reactions and minimizes cross-contamination and pathogen transmission risks. The pharmaceutical segment, oil & gas industry, metal & machinery industry, cleanroom industry, and life science division are significant consumers of nitrile gloves due to their chemical resistance to solvents. Notable nitrile gloves manufacturers include Sanrea Healthcare Products. The market's expansion is also influenced by the shift from powdered nitrile gloves to powder-free ones due to the risk of contamination and allergic reactions.

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The Nitrile Gloves Market is experiencing significant growth due to increasing healthcare spending and the need for Personal Protective Equipment (PPE) in various industries. The geriatric population's vulnerability to contamination risk and pathogen transmission has led to a higher demand for disposable gloves that meet hygiene standards. Product innovation in the form of durable nitrile gloves, which offer chemical resistance to solvents and prevent allergic reactions, has been a key driver in the market. The oil & gas, metal & machinery, and cleanroom industries also rely heavily on nitrile gloves for safety and prevention of cross-contamination. Powder-free gloves, which reduce the risk of allergic reactions and contamination, are increasingly popular choices in healthcare settings.

The Nitrile Gloves Market is experiencing significant growth due to the increasing demand for personal protective equipment in various industries. These gloves, made from synthetic rubber, offer superior protection against chemicals, oil, and other hazardous substances. The market is driven by factors such as the rising awareness of occupational health and safety, the increasing number of applications in healthcare and manufacturing sectors, and the growing preference for nitrile gloves over other types of protective gloves. The market is also influenced by factors such as the cost-effectiveness of nitrile gloves, their durability, and their ability to provide a better fit and comfort compared to other gloves. The market is expected to continue its growth trajectory in the coming years, with key players focusing on innovation, product development, and strategic collaborations to expand their market share.

1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation

7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio