The nitrile gloves market has emerged as the preferred solution for healthcare workers to effectively protect themselves from cross-contamination and the spread of infectious diseases. Nitrile gloves are known for their strength, solvent resistance and protection from chemicals. Their puncture and tear resistant properties make them an ideal choice in surgical and medical settings where extended periods of wear and durability is required. The powder-free nature of nitrile gloves also helps reduce health risks compared to powdered latex or vinyl gloves.
The Global nitrile gloves market is estimated to be valued at US$ 8.92 Billion in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period 2024 to 2031.
Stringent regulatory standards regarding healthcare worker safety and infection control in hospitals and clinical settings have significantly contributed to market growth. Nitrile gloves find multifunctional applications across pharmaceuticals, automotive, food & beverages and oil & gas industries as well due to their versatility.
Key Takeaways
Key players operating in the nitrile gloves market are Cardinal Health, Medline Industries, Inc., Ansell Ltd, Top Glove Corporation Bhd, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Superior Gloves, MCR Safety, Adenna LLC, Ammex Corporation, Unigloves (UK) Limited, Globus (Shetland) Ltd., Atlantic Safety Products, Inc., MAPA Professional.
Growing concerns over infectious diseases and viral transmissions have increased demand for nitrile gloves globally. Their effective barrier against biological fluids make them suitable for handling contagious materials. Nitrile gloves are preferably utilized in healthcare, food services and industrial settings.
Major players are focusing on strategic expansion plans across emerging economies in Asia Pacific and Latin America to tap the increasing glove demand from hospitals, clinics and industries. Leveraging their manufacturing hubs, companies aim to ensure reliable supply and gain a larger market share through 2031.
Market key trends
One of the primary growth drivers for the nitrile gloves market has been the COVID-19 pandemic. Widespread usage of nitrile gloves for basic protection during general healthcare and industrial activity spurred a massive increase in demand. While this boosted sales volumes significantly in the short term, it has also drawn greater recognition for nitrile gloves as an easily available and affordable infectious disease barrier solution. This broader acceptance and awareness of their role in curbing viral spread is expected to anchor demand going forward as well.
Porter’s Analysis
Threat of new entrants: The nitrile gloves industry requires large capital investments for manufacturing plants, production equipment and distribution networks. This poses high barriers to entry for new companies.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of multiple nitrile glove manufacturers. However, raw material price fluctuations can influence the bargaining power of buyers.
Bargaining power of suppliers: Suppliers of raw materials like synthetic and natural rubber have significant bargaining power over nitrile gloves manufacturers since there are few substitute materials available.
Threat of new substitutes: Latex gloves remain a major substitute but nitrile offers better protection against chemicals. Demand for powder-free gloves is also driving the adoption of nitrile over latex.
Competitive rivalry: The global nitrile gloves market is highly fragmented with the presence of numerous regional and multinational players. Intense competition keeps pricing pressures and limits the ability to significantly influence prices.
Geographical Regions
Asia Pacific dominates the global nitrile gloves market, accounting for over 50% of the total market value. China, Malaysia and South Korea are among the leading producers and consumers of nitrile gloves globally. Southeast Asian countries have emerged as major hubs for nitrile gloves manufacturing due to the availability of raw materials, low-cost labor and proximity to major healthcare markets.
North America is the fastest growing regional market for nitrile gloves. Stringent healthcare regulations regarding worker safety and increasing adoption of nitrile gloves across several industries like automotive, construction and oil & gas are fueling demand growth. Favorable policies for medical-grade examination and surgical gloves are also propelling the North American nitrile gloves market.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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