Nitrile Gloves Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2030

Market Trend – Increasing demand for nitrile gloves in industrial applications in oil & gas, chemical, metal & machinery, and automotive industries

NEW YORK, NY, UNITED STATES, April 15, 2022 /EINPresswire.com/ — The global nitrile gloves market size is expected to reach USD 15.24 Billion in 2030 and register a revenue CAGR of 13.1% over the forecast period, according to latest report by Reports and Data. Rising use of nitrile gloves by healthcare professionals, increasing prevalence of chronic diseases, and growing requirements for surgical intervention for treating several health conditions are expected to drive market revenue growth during the forecast period.

Increasing preference for nitrile gloves in industrial applications in oil & gas, chemical, metal & machinery, and automotive industries, to maintain safety of employees in the workplace, is expected to boost growth of the global nitrile gloves market during the forecast period. Nitrile gloves outperform other disposable gloves in terms of chemical resistance, as nitrile rubber is more resistant to chemicals, acids, and oils than natural rubber. Nitrile gloves are also powder-free, which eliminates the risk of allergens.

Nitrile gloves are commonly used in laboratories to handle chemicals and also while performing surgeries. In addition, there is increasing preference for nitrile gloves over latex gloves among healthcare professionals, due to rising incidence of latex allergy. However, nitrile gloves are made from synthetic nitrile rubber, and certain chemicals are added during nitrile gloves manufacturing, which may cause allergy in some individuals. Some people have reported skin irritation while wearing nitrile gloves, and this could limit their adoption and thus, hamper revenue growth of the market to some extent.

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Some Key Highlights in the Report

Medical grade segment accounted for a large revenue share in 2021. Increasing use of medical-grade nitrile gloves in hospitals and healthcare facilities due to rising prevalence of infectious diseases is boosting growth of the segment.

Disposable segment revenue is expected to grow at a significantly high CAGR during the forecast period. The outbreak of COVID-19 and subsequent imposition of stringent government rules for worker safety are expected to boost adoption of nitrile gloves and drive growth of this segment.

North America nitrile gloves market is expected to account for largest revenue share in the global market over the forecast period. Rising healthcare costs, increasing elderly population, and growing awareness about healthcare-acquired illnesses are expected to drive North America nitrile gloves market revenue growth.

Companies profiled in the global market report include Hartalega Holdings Berhad, Ansell Limited, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Berhad, Rubberex Corporation (M) Berhad, Top Glove Corporation Berhad, Unigloves (U.K.) Limited, YTY Group, and Riverstone Resources Sdn Bhd.

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In June 2021, Rubberex Corp (M) Bhd proposed a private placement of up to 83.2 million shares, or 10% of its share capital, to raise USD 18.7 million. The company said that proceeds to be raised, based on an indicative issue price of 94.5 sen per placement share, would be used to acquire 28 double-former nitrile disposable glove production lines as part of its expansion in Perak, while another USD 2.1 million will be used for working capital.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Nitrile Gloves Market Segmentation:

Type Outlook (Revenue, USD Billion; 2019-2030)

Powder-Free Nitrile Gloves
Powder Coated Nitrile Gloves

Products Outlook (Revenue, USD Billion; 2019-2030)

Disposable
Durable

Grade Outlook (Revenue, USD Billion; 2019-2030)

Medical Grade
Industrial Grade
Food Grade

Texture Outlook (Revenue, USD Billion; 2019-2030)

Smooth
Micro roughened
Aggressively Textured

End-Use Outlook (Revenue, USD Billion; 2019-2030)

Health Care
Food & Beverage
Automotive
Construction
Oil & Gas
Pharmaceutical
Chemical
Metal & Machinery
Cleanrooms
Others

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Regional Outlook:

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Tushar Rajput
Reports and Data
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