Global Nitrile Gloves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nitrile Gloves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nitrile gloves are made of synthetic rubber, which can be divided into industrial grade gloves and medical grade gloves. They can be used in automobile, oil and gas, health care, food processing and construction fields.

Market Overview:

The latest research study on the global Nitrile Gloves market finds that the global Nitrile Gloves market reached a value of USD 5351.31 million in 2022. It’s expected that the market will achieve USD 10667.02 million by 2028, exhibiting a CAGR of 12.18% during the forecast period.

Influence of COVID-19 Outbreak on Nitrile Gloves Industry Development

For the nitrile glove market, the most direct impact is undoubtedly the substantial increase in sales this year. Because of the greater risk of infection with COVID-19 pneumonia virus, people are increasingly aware of the importance of personal protection. Whether you go out to buy daily necessities or buy them through the network platform, you will inevitably come into contact with foreign items, such as supermarket shopping carts, packaging bags, express packing boxes, etc. And there are many things that need to be contacted after returning to work, such as taking buses and elevators. These places may have been touched by patients or suspected patients. Wearing nitrile gloves is an effective means to reduce the risk of infection when there is no condition to wash hands at any time.

Second, public areas such as streets, communities, supermarkets and enterprises need daily disinfection treatment. At the same time, almost every household will be disinfected. Because chlorine-containing disinfectants are corrosive and irritating, if they are not properly protected during use, they will cause great irritation to human skin and mucous membranes. Therefore, masks and nitrile gloves must be worn during daily disinfection.

Related studies have proved that nitrile gloves can effectively resist COVID-19 pneumonia virus, which makes the world demand for nitrile gloves more urgent than ever before. Therefore, the increasing demand for nitrile gloves downstream will promote the rapid development of nitrile gloves industry.

Drivers

After the outbreak of pneumonia in COVID-19, relevant policies have been continuously introduced to better prevent and control the epidemic. Nitrile gloves have passed a series of tests conducted by the US Food and Drug Administration (FDA) to ensure durability and make products more reliable and promising. In addition, the product has obtained a higher manufacturing approval rate, which is also expected to promote the growth of the US market. According to the research data, the value market share of the North America in 2019 was 5.86%. It is predicted that the market share will continue to grow in 2025, which is an emerging market of nitrile glove industry.

Malaysia's rubber industry is relatively developed, which is mainly dominated by small farmers-95% of Malaysia's rubber plantations are planted by 458,000 small farmers, and the remaining 5% are commercial real estate. Rubber is cheap, and a large part of rubber plantation has not been developed yet. At present, the production of gloves manufacturers in Malaysia mainly concentrates on nitrile gloves, accounting for 60%. Measures taken by Malaysian government include Insentif Pengeluaran Getah launched in 2015 and annual replanting plan. All these factors will promote the development of nitrile glove industry in Malaysia, which is a growing market of nitrile glove industry.

Region Overview:

From 2023-2028, Malaysia is estimated to witness robust growth prospects.

Company Overview:

Hartalega Holdings Berhad is one of the major players operating in the Nitrile Gloves market, holding a share of 19.02% in 2020 .

Hartalega started with single-line business in 1988, and now has become the world's largest manufacturer of nitrile gloves, and is in the leading position in market value, profitability and innovation. Hartalega Holdings Berhad focuses on nitrile gloves, medical gloves, medical devices and manufacturing.

Top Glove Corporation Bhd is the world’s largest manufacturer of gloves, with manufacturing operations spanning across Malaysia, Thailand and China. Top Glove Corporation focuses on glove manufacturing, glove marketing, OEM manufacturing, nitrile gloves, latex gloves and surgical gloves.

Segmentation Overview:

Among different product types, Medical Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Healthcare segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Nitrile Gloves market covered in Chapter 3:

AMMEX
Dynarex
Riverstone Holdings
Kossan Rubber Industries
Intco Medical Technology
Zhonghong Pulin
Adenna
Blue Sail
Liberty Glove&Safety
Diamonds Gloves Co.
Top Glove Corporation
WPR
Medline Industries, Inc
SAS Safety Corp
Supermax Corp
The Safety Zone
Hartalega Holdings Berhad

In Chapter 4 and Chapter 14.2, on the basis of types, the Nitrile Gloves market from 2018 to 2029 is primarily split into:

Industrial Grade
Medical Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nitrile Gloves market from 2018 to 2029 covers:

Automotive
Oil and Gas
Healthcare
Food Processing
Construction

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)