Oct 3, 2023   SOURCE: BusinessWire

Global Nitrile Gloves Market Factbook Report 2023-2024 & 2029 Featuring Hartalega, Top Glove, Ansell, Kossan Rubber Industries, Cardinal Health, Ammex, Unigloves, Superior Glove, MCR, & Dynarex - ResearchAndMarkets.com

The "Global Nitrile Gloves Market Factbook (2023 Edition): Analysis By Type (Powdered, Powder-Free), Texture (Smooth, Micro-Roughened, Aggressively Textured), By End Use Industry, By Region, By Country: Drivers, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

Global Nitrile Gloves Market Factbook provides a complete analysis for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.

The Global Nitrile Gloves Market is expected to generate USD 14.36 billion by the end of 2029, up from USD 5.89 billion in 2022. During the forecast period, 2024-2029, Global Nitrile Gloves is expected to expand at a CAGR of 13.3%.

The Global Nitrile Gloves market is experiencing an uptick in demand, propelled by factors like growing awareness of self-care and hygiene, the COVID-19 pandemic, stringent health regulations, and a general shift from latex to nitrile materials. Rising rates of chronic diseases have further driven the need for reliable healthcare equipment like Nitrile Gloves.

Over the years, innovative technological advancements have optimized the quality and efficiency of nitrile glove production. This is essential as, according to an International Labour Organization (ILO) report, approximately 340 million individuals worldwide are affected by occupational accidents annually. Nitrile Gloves are crucial in healthcare settings, being used extensively for medical exams, surgeries, and other procedures. The growing global population and an increasing emphasis on hygiene and safety have thus significantly elevated their demand in healthcare facilities like hospitals and clinics.

One of the defining features of Nitrile Gloves is their texture. Micro-roughened gloves, for example, are engineered to offer better grip and slip resistance. These attributes are particularly beneficial in sectors like construction, automotive, and manufacturing. Textured gloves provide the necessary friction for secure handling in wet or oily conditions.

Asia Pacific, primarily Malaysia and Thailand, has emerged as a key production hub for Nitrile Gloves. Malaysia, a global leader in this sector, caters to over 60% of the world's demand. In 2022 alone, Malaysia exported 86.1K shipments of nitrile gloves, involving 1,318 exporters and 2,715 buyers worldwide.

Innovation continues to drive the market. Technological improvements have enabled the production of thinner yet equally effective Nitrile Gloves. These offer better tactile sensitivity, allowing for greater precision in tasks requiring fine motor skills. Kimberly Clark has even developed specialized gloves designed for high-risk environments in biotech, non-sterile pharmaceuticals, and university research.

Environmental concerns have also entered the equation. Traditional nitrile gloves can take up to 100-200 years to biodegrade in landfills, contributing to long-term environmental degradation. This has generated demand for sustainable, eco-friendly options, making it a potential area for future R&D investment for manufacturers.

The research report offers a comprehensive regional analysis, focusing on 15 key countries. It provides valuable insights into market size, growth potential, competitive landscape, investment opportunities, and demand forecasts.

The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.

Strategic Recommendations

  • Focus on Sustainability
  • Expansion of Distribution Network

Global Nitrile Gloves Market Overview 2019-2029

  • Impact Analysis of Macro Economic Factors on Nitrile Gloves Market
  • Gloves Per Capita Consumption in 2020, in pieces
  • Nitrile Glove Chemical Compatibility
  • Global Export of Acrylonitrile-butadiene Rubber
  • Technological Advancements in Nitrile Glove Market
  • Global Nitrile Gloves Market: Dashboard
  • Global Nitrile Gloves Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
  • Degree of Impact of Covid 19 on Nitrile Gloves Market

Global Nitrile Gloves Market Segmentation: By Type

  • Global Nitrile Gloves Market Size, By Powdered, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Powder-free, By Value, 2019H-2029F (USD Billion & CAGR)

Global Nitrile Gloves Market Segmentation: By Texture

  • Global Nitrile Gloves Market Size, By Smooth, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Micro-Roughened, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Aggressively Textured, By Value, 2019H-2029F (USD Billion & CAGR)

Global Nitrile Gloves Market Segmentation: By End-Use Industry

  • Global Nitrile Gloves Market Size, By Medical and Healthcare, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Chemical, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Automotive, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Oil and Gas, By Value, 2019H-2029F (USD Billion & CAGR)
  • Global Nitrile Gloves Market Size, By Others, By Value, 2019H-2029F (USD Billion & CAGR)

Industry Ecosystem Analysis

  • Macro-Economic Factor Assessment
  • Porter Analysis
  • Value Chain Analysis

Companies analysed in the report include

  • Hartalega Holdings Berhad
  • Top Glove Corporation BHD
  • Ansell Ltd
  • Kossan Rubber Industries Bhd
  • Cardinal Health, Inc
  • Ammex Corporation
  • Unigloves
  • Superior Glove
  • MCR Safety
  • Dynarex Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ub46yz

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