Sep 8, 2020   SOURCE: PR NewsWire

Nitrile Gloves Market Size Worth $8.98 Billion By 2027 | CAGR: 14.1%: Grand View Research, Inc.

SAN FRANCISCO, Sept. 8, 2020 /PRNewswire/ -- The global nitrile gloves market size is anticipated to reach USD 8.98 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 14.1% over the forecast period. Increasing demand for nitrile gloves in the medical industry owing to the high-performance characteristics of nitrile in comparison with other types of glove materials is expected to propel market growth.

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Rising awareness regarding the safety and health measures associated with emergency response incidents coupled with the treatment of patients is anticipated to augment the demand for nitrile gloves in the healthcare sector. Furthermore, risks related to the on-the-job transmission of blood-borne pathogens have led to the increased adoption of gloves in medical facilities.

Key suggestions from the report:

    --  Powder-free nitrile gloves accounted for 71.3% of the global revenue in
        2019 owing to the high-strength characteristic of the gloves as compared
        to powdered gloves and increasing demand in the healthcare industry
    --  Disposable nitrile gloves are expected to expand at CAGR of 14.5% over
        the forecast period on account of the increasing demand for single-use
        gloves across the end-use industries post the outbreak of COVID-19
        pandemic
    --  Medical and healthcare end-use segment accounted for 69.4% of the global
        revenue in 2019 as nitrile gloves are widely used across the industry as
        it aids in preventing cross-contamination and transmission of pathogens
        during medical examination and surgeries
    --  The demand for nitrile gloves in North America is expected to witness a
        CAGR of 13.7% over the projected period on account of the rising
        healthcare expenditure, increasing elderly population, and growing
        awareness pertaining to healthcare-acquired infections
    --  In April 2018, Top Glove Corporation Bhd announced the acquisition of
        Aspion Sdn Bhd, a key manufacturer of surgical gloves as this
        acquisition added 75 production lines, thus, increasing the production
        capacity by 4.77 billion gloves per annum.

Read 145 page research report with ToC on "Nitrile Gloves Market Size, Share & Trends Analysis Report By Product (Disposable, Durable), By Type (Powdered, Powder-free), By End Use (Medical & Healthcare, Pharmaceutical), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/nitrile-gloves-market

Thick puncture-resistant nitrile gloves are used in the automotive industry for providing protection against engine lubricants and oil. High resistance of nitrile rubber to oils, acids, and chemicals as compared to other types of rubbers is anticipated to augment its demand in several other industries including construction, chemical and petrochemical, and oil and gas.

The demand for healthcare services and products has led to increased use of personal protective equipment such as coveralls, gowns, lab coats and aprons, respirators, bouffant caps, shoe covers, masks, and gloves. In addition, increasing geriatric population is further anticipated to boost healthcare spending and healthcare-related products over the forecast period.

Grand View Research has segmented the global nitrile gloves market on the basis of type, product, end-use, and region:

    --  Nitrile Gloves Type Outlook (Revenue, USD Million, 2016 - 2027)
        --  Powdered
        --  Powder-free
    --  Nitrile Gloves Product Outlook (Revenue, USD Million, 2016 - 2027)
        --  Disposable
        --  Durable
    --  Nitrile Gloves End-use Outlook (Revenue, USD Million, 2016 - 2027)
        --  Medical & Healthcare
            --  Surgical
            --  Examination
        --  Automotive
        --  Oil & Gas
        --  Food & Beverage
        --  Metal & Machinery
        --  Chemical & Petrochemical
        --  Pharmaceutical
        --  Cleanroom
        --  Others
    --  Nitrile Gloves Regional Outlook (Revenue, USD Million, 2016 - 2027)
        --  North America
            --  The U.S
            --  Canada
        --  Europe
            --  Germany
            --  France
            --  Russia
            --  Spain
            --  Italy
            --  The U.K.
        --  Asia Pacific
            --  Australia
            --  China
            --  India
            --  Japan
            --  South Korea
            --  Indonesia
        --  Latin America
            --  Argentina
            --  Brazil
            --  Colombia
            --  Mexico
            --  Chile
            --  Peru
        --  The Middle East & Africa
            --  South Africa
            --  Saudi Arabia
            --  UAE

List of Key Players of Nitrile Gloves Market

    --  Top Glove Corporation Bhd
    --  Hartalega Holdings Berhad
    --  Ansell Ltd.
    --  Supermax Corporation Berhad
    --  Kossan Rubber Industries Bhd
    --  MCR Safety
    --  Medline Industries, Inc.
    --  Superior Gloves

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.