Nitrile Gloves Market Size, By Type (Powdered, Powder-free), By Grade (Medical, Industrial, Food), By Texture (Smooth, Micro-roughened, Aggressively Textured), By End-use (Medical & Healthcare, Food & Beverage, Automotive, Oil & Gas, Construction, Chemical, Pharmaceutical, Metals & Machinery), Industry Analysis Report, Regional Outlook, Application Growth Potential, Covid-19 Impact Analysis, Price Trends, Competitive Landscape & Forecast, 2022 - 2028
The nitrile gloves market is expected to grow massively by 2028 owing to growing health & safety concerns in various sectors, especially in the healthcare industry. In addition, consistent demand for gloves as part of COVID-19 protocols and a rise in mass usage of gloves in household and other sectors are foreseen to propel industry growth further through the forecast timeline.
Nitrile gloves protect hands from any infective or toxic materials. During the COVID-19 outbreak, the market witnessed a huge upsurge in demand due to prominent concerns regarding protection from the coronavirus infection.
Notably, market players have been engaging in strategic collaborations and product innovation by expanding their production capacity, which has positively influenced product outlook. For instance, in December 2020, Ansell, a global leader in protection solutions, acquired the Life Science business of Primus Gloves, a leading Indian manufacturer of gloves to expand its presence in the business.
In another instance, in August 2021, Sri Trang Gloves Thailand (STGT), a major manufacturer rubber gloves, opened a production facility office in Singapore to increase its production capacity as well as boost focus on research and innovation. This move was prompted by the post-pandemic spike in the demand for latex and nitrile gloves.
Similarly, in June 2019, Top Glove Corp., a leading manufacturer in the gloves industry, launched its new green innovation called the BioGreen Biodegradable Nitrile gloves. The product aimed to be user- & environment-friendly and provide unparalleled protection as well as claimed to biodegrade 10 times faster than any other nitrile gloves.
The nitrile gloves market has been bifurcated in terms of end-use, type, texture, grade, and region. Based on texture, the market has been divided into micro-roughened, aggressively textured, and smooth. The smooth segment is anticipated to expand at over 8.5% CAGR through the forecast period. Increasing usage in salons and food preparation application is likely to fuel the adoption of smooth textured nitrile gloves.
With regards to end-use, the nitrile gloves market has been categorized into food & beverage, oil & gas, medical & healthcare, automotive, chemical, metals & machinery, construction, pharmaceutical, and others. The chemical segment is estimated to register a CAGR of above 12.7% in terms of volume over the study timeline. Surging demand for gloves that are resistant to chemical degradation and protect the hands of workers is set to bolster product uptake in chemical end-use applications.
In the regional frame of reference, the Latin America nitrile gloves market is projected to showcase a CAGR of more than 11.7% in terms of volume through the analysis period. Rising awareness about health & safety in industries and implementation of safety regulations are poised to boost nitrile gloves market growth in the LATAM region.
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