Nitrile Gloves Market

Global Nitrile Gloves Market Size (2023 to 2028)

The size of the global nitrile gloves market is forecasted to be growing at a CAGR of 15.34% from 2023 to 2028. As a result, the market size is estimated to be worth USD 13.67 billion by 2028 from USD 6.7 billion in 2023.

Nitrile is a synthetic rubber material that is resistant to chemicals and abrasion and is an excellent general-purpose glove material. Thin, disposable nitrile gloves are the most commonly used gloves in laboratories when handling chemicals. Disposable medical gloves include patient examination gloves and surgeon's gloves. The World Health Organization (WHO) has issued a warning about gloves' limited protective efficacy.

Nitrile technology is rapidly advancing, and there have been several developments. Currently, nitrile is the material of choice, with the existing dipping manufacturing plant and manufacturing techniques being used. Nitrile disposable gloves can be used in almost any industry, with few to no allergy issues, for roughly the same price as Latex gloves, and with no real drawbacks. The global Nitrile glove market is rapidly expanding in the future as a result of the Covid-19 outbreak.

MARKET DRIVERS:

The growing demand for nitrile gloves in the pharmaceutical industry is one of the significant factors boosting the growth rate of the global nitrile gloves market.

Gloves are effective at preventing pathogen transmission and preventing contamination of healthcare workers' hands. It is used in all industries. The annual disposable glove production capacity in 2020 was 220 billion units. However, demand reached 330 billion that year. The FDA is providing regulatory flexibility to help expand the availability of medical gloves, as described in the enforcement policy for gloves in effect during the COVID-19 public health emergency. Top Glove, based in Malaysia, is one of the world's largest glove manufacturers. In the United States, there are only a few companies that manufacture nitrile gloves. This has never been an issue before. However, due to the sudden increase in demand for nitrile hand protection, many distributors who previously ordered domestically were forced to seek out international manufacturers. However, these foreign facilities were already at full capacity. The good news is that manufacturers have already begun to increase their production capacity to keep up with the continued growth. The pandemic will undoubtedly have long-term consequences for the glove industry.

The rising prevalence rate of latex allergy is another promising factor expected to drive the global nitrile gloves market.

Latex-derived products are widely used, and latex allergy is still a significant health risk in many occupations and among the general population. Developing alternative materials and improving the ability to identify and label latex-derived products will be feasible approaches to effectively controlling latex's health risks. Allergic reactions to latex can be severe and, in rare cases, fatal. If you are allergic to latex, limit or avoid future exposure to latex products. The current prevalence rate of latex allergy among healthcare workers, susceptible patients, and the general public, as well as to investigate why latex is still a common occupational health hazard. Latex allergies affect 8–17 percent of all U.S. healthcare workers, with users of Latex gloves in other industries experiencing similar reactions.

Additionally, factors such as the significant expansion of the chemical industry, implementation of a strict regulatory framework for worker safety, Y-O-Y growth in the prevalence of infectious disease, increased healthcare facilities expenditure and healthcare spending globally are further predicted to boost the global nitrile gloves market. Global advancements in the healthcare sector, the rising prevalence of chronic disorders as well as the adoption of advanced equipment by healthcare institutions and the healthcare industry's rapid development of various surgical advancements are predicted to support the growth rate of the global nitrile gloves market.

MARKET RESTRAINTS:

Nitrile Gloves have a high manufacturing cost. Increased costs and margin contractions due to fierce competition are expected to hamper the growth rate of the market slightly. Stringent regulatory procedures may impede the nitrile gloves market.

Impact of COVID-19 on the global nitrile gloves market:

The first signs of a nitrile glove shortage appeared in 2020, when the worldwide COVID-19 pandemic took its toll, creating a severe supply-demand imbalance. This imbalance has only worsened since then, as the demand for high-quality protective gloves has increased as the number of virus cases has risen. The sudden demand for nitrile gloves has put a strain on manufacturers, resulting in a scarcity of resources, hampered the ability to find enough workers to produce the required amount, and creating significant capacity issues. The global health and development community has experienced unprecedented disruption as a result of the COVID-19 pandemic. As a result, there is a clear unmet need for scientists, manufacturers, suppliers, and regulatory bodies to collaborate around the world to develop and produce safe and effective protective clothing using locally available technologies. COVID-19, financial downturns, and geopolitical disruptions have created a slew of new realities for chemical companies for which no established strategy playbook exists. Many products are seeing a decline in demand, and some companies, particularly those with significant exposure to heavily impacted industries such as automotive, oil and gas, and aerospace, are struggling to survive the current crisis. Major PPE manufacturers are increasing local production to meet rising demand. Several Asian countries have imposed export controls on masks, goggles, gloves, and other personal protective equipment (PPE).

The current coronavirus 2019 disease (COVID-19) pandemic has significantly altered our perception of the risk of infection from contact, and Personal protective devices (PPDs) that were previously reserved for healthcare workers (HCWs) have spread to the general population, sometimes in an indiscriminate manner. According to WHO, there were 180,654,652 confirmed cases of COVID-19 reported to WHO as of June 28, 2021, with 3,920,463 deaths. As of June 28, 2021, a total of 2,658,604,949 vaccine doses had been administered. COVID-19 has now spread throughout the world, affecting over seventy countries. China, which has a large COVID-19 burden, has taken strong measures to control the disease's spread and improve the curative rate.

REPORT COVERAGE:

This research report on the global nitrile gloves market has been segmented and sub-segmented based on the type, product, end-user and region.

Nitrile Gloves Market – By Type:

• Powdered
• Powder-free

Nitrile Gloves Market – By Product:

• Disposable
• Durable

Nitrile Gloves Market – By End-User:

• Medical & Healthcare
  • Surgical
  • Examination
• Automotive
• Oil & Gas
• Food & Beverage
• Metal & Machinery
• Chemical & Petrochemical
• Pharmaceutical
• Cleanroom
• Others

Nitrile Gloves Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

KEY MARKET PARTICIPANTS:

A few of the promising companies operating in the global nitrile gloves market profiled in this report are Hartalega Holdings Berhad, Supermax Corporation Berhad, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Ansell Ltd., Medline Industries, Inc., MCR Safety, Superior Gloves, KINGFA SCI. & TECH. COMPANY LIMITED, VWR, Semperit Investments Asia Pte Ltd.