Global Nitrile Gloves Market to grow at a CAGR of 13.79% between 2019 and 2024
The report published by Knowledge Sourcing Intelligence titled “Global Nitrile Gloves Market- Forecast From 2019 to 2024” studies the various factors affecting the demand for nitrile gloves across the globe. The report has been segmented by type (powdered, powder-free), grade (medical grade, industrial grade), end-use industry (healthcare, automotive, food processing, construction, oil and gas, chemical, and others), and geography, covering five regions namely North America, South America, Europe, Middle East and Africa and the Asia Pacific, and some of the major economies in each of these regions.
Rising concerns about latex allergy due to the usage of powdered gloves is one of the major drivers of global nitrile gloves market. Shut down of vinyl glove manufacturing facilities in China due to environmental concerns is also driving the growth of global nitrile gloves market. Rising investments by major nitrile glove manufacturers to expand their production capacity will also support to absorb the growing demand for nitrile gloves in the coming years. Superior properties of nitrile gloves over latex gloves such as high chemical resistance, strong puncture resistance, and bio-hazard protection is further augmenting the adoption of nitrile gloves in various end-use industries, thus positively impacting the global market growth.
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Healthcare dominates the end-use industry segment
Healthcare sector accounted for the major market share in 2018 and is projected to continue its dominance throughout the forecast period. This high growth is majorly attributed to the ban on powdered medical gloves in the U.S. and European countries. The rapid rise in the investments, both private and public, in healthcare infrastructure, especially in developing economies, is also spurring the demand for nitrile gloves.
North America and Europe hold a major share of global nitrile gloves market
Geographically, global Nitrile gloves market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. North America and Europe regional markets hold significant market share is owing to ban on powdered medical gloves and strict workers’ safety regulations. The share of APAC regional market for nitrile gloves is low due to high demand for cheaper latex gloves and low concerns about latex allergies.
This report also includes a study of strategies and product portfolios of some of the leading companies in global nitrile gloves market. It consists of company profiles of the leading companies- Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Nitrile Industries Bhd, Supermax Corporation Berhad, Latexx Partners Berhad, Cardinal Health, Riverstone Holdings Limited, TOWA CORPORATION, RUBBEREX, Honeywell International Inc., MCR Safety, Longcane Industries Sdn. Bhd., DIPPED PRODUCTS PLC, UG Healthcare Corporation, Omar, Inc., and AMMEX.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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