Nitrile Gloves Market Dynamics 2021-2031
The nitrile gloves market size is projected to reach US$ 12.57 billion by 2031 from US$ 8.19 billion in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. One notable trend for the nitrile gloves market is the substantial growth driven by the widespread use of nitrile gloves due to their favorable qualities, such as high resistance to alkalis, acids, and chemical solvents. This trend is fueling the overall industry's growth. The thriving healthcare business, stringent regulations governing health and safety standards, and the substantial growth of the global chemicals industry are major factors likely to stimulate regional industry trends in the nitrile gloves market.
Nitrile Gloves Market Analysis
The surge in demand for nitrile gloves can be attributed to several factors, with the COVID-19 pandemic playing a significant role. As the pandemic spread globally, there was an increased need for personal protective equipment (PPE), including gloves, to reduce the risk of infection. Nitrile gloves, known for their superior barrier properties and resistance to viruses, became a preferred choice for healthcare providers, first responders, and the general public. The heightened demand for these gloves was particularly evident in hospitals, clinics, testing centers, and other healthcare settings, where glove use skyrocketed to protect against the virus.
Nitrile Gloves Market Overview
Nitrile gloves have become increasingly popular in various industries, as they are considered to be disposable protective gloves in several applications. Nitrile gloves are known for their excellent durability and chemical resistance, making them suitable for a wide range of uses. These gloves are available in various thicknesses, making them versatile for different tasks. One of the primary uses of nitrile gloves is in the healthcare sector, where they are commonly worn by medical professionals during examinations and surgeries. Their high level of protection against bloodborne pathogens and various chemicals makes them crucial in maintaining a sanitary and safe environment. In addition to healthcare, nitrile gloves are widely used in laboratories and research facilities, where researchers need protection from hazardous chemicals and biological materials.
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Nitrile Gloves Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Nitrile Gloves Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Nitrile Gloves Market Drivers and Opportunities
Rising Demand From Food Industry to Favor Market
Another significant application of nitrile gloves is in the food industry. They are essential for food handling and preparation, as they prevent cross-contamination and provide a protective barrier for food service workers. Additionally, nitrile gloves find use in automotive and manufacturing industries, where workers may come into contact with oils, solvents, and abrasive materials. Their resistance to these substances helps reduce the risk of skin irritation or injury. In recent years, nitrile gloves have gained attention during the COVID-19 pandemic, as they are widely used by individuals and businesses for personal protective equipment (PPE) to prevent the spread of the virus. Their widespread availability and effectiveness in reducing the transmission of germs have made them a crucial tool in mitigating the impact of contagious diseases. Overall, nitrile gloves serve as a versatile protective barrier in various fields, ensuring the safety and health of individuals in a range of applications.
Rising Awareness Regarding Latex Allergies
One significant opportunity for the nitrile gloves market lies in the rising awareness regarding latex allergies, which is anticipated to drive the demand for nitrile gloves over the forecast period. The increasing preference for nitrile gloves over latex or vinyl gloves, attributed to their long shelf life and less friction, presents a substantial opportunity for market growth. Additionally, the enhanced resistance of nitrile gloves toward puncture and chemicals compared to latex gloves further contributes to the potential for increased demand and market expansion.
Nitrile Gloves Market Report Segmentation Analysis
Key segments that contributed to the derivation of the nitrile gloves market analysis are type, product type, and application.
- Based on type, the nitrile gloves market is divided into powdered and non-powdered. The powdered segment held a larger market share in 2023.
- By product type, the market is segmented into durable and disposable. The disposable segment held a larger share of the market in 2023.
- In terms of application, the market is segmented into medical and healthcare, food and beverage, automotive, chemical, and others. The medical and healthcare segment dominated the market in 2023.
Nitrile Gloves Market Share Analysis by Geography
The geographic scope of the nitrile gloves market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America dominated the global nitrile gloves market. The surge in demand for nitrile gloves in North America can be attributed to several factors. First and foremost, the ongoing COVID-19 pandemic has played a pivotal role in driving up the demand for personal protective equipment, including nitrile gloves. North America experienced multiple waves of the virus, leading to an increased awareness of the importance of hand hygiene and the use of gloves as a preventive measure. Healthcare facilities, businesses, and individuals in the region have actively sought nitrile gloves to protect against infection, leading to higher demand.
Nitrile Gloves Market Report Scope
Nitrile Gloves Market News and Recent Developments
The nitrile gloves market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders:
- Ansell Ltd. is likely to finish construction of its new plant located in Tamil Nadu, India. This plant is constructed with an investment of USD 80 million. Apart from manufacturing surgical gloves, this new facility is designed to manufacture different categories of products. This expansion initiative is likely to help Ansell Ltd. penetrate the regional market. (Source: Ansell Ltd., Company Website, 2024)
- Unigloves (UK) Ltd. acquired the Derma Shield business. This acquisition is likely to help Unigloves (UK) Ltd. expand its product portfolio of hand and arm protection products. (Source: Unigloves Ltd., Company Website, 2023)
Nitrile Gloves Market Report Coverage and Deliverables
The “Nitrile Gloves Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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