Nitrile Gloves Market Intelligence Report Offers Insights on Growth Prospects
Stratview Research has published a new report titled “Nitrile Gloves Market” which is segmented by Type (Powdered, Powder-Free), by Product Type (Disposable, Durable), by End-Use Industry Type (Medical & Healthcare, Automotive, Oil & Gas, Food & Beverage, Metal & Machinery, Chemical & Petrochemical, Pharmaceuticals, Cleanroom, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, Nitrile Gloves market is likely to grow from USD 8.97 billion in 2021 to USD 13.22 billion by 2028 at a CAGR of 5.64% during the forecast period of 2022-2028. The prime factors that are driving the nitrile gloves market are rising awareness in the healthcare industry, outbreak of Covid-19, and better performance than latex gloves.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the type, the market is segmented as powdered and powder-free. The power-free segment dominated the market in 2019 and is expected to maintain its position during the forecast period. Increasing demand from healthcare and medical industries owing to increased demand for disposable gloves is the major driving factor for the powder-free segment.
Based on the product type, the nitrile gloves market is segmented as disposable and durable. The disposable segment holds the major share of the pie and is also expected to witness a healthy growth during the forecast period. Outbreak of Covid-19, increasing demand from all the end-use industries, and better performance than latex gloves are the major driving factors of the segment.
Based on the end-use industry type, the nitrile gloves market is segmented as medical & healthcare, automotive, oil & gas, food & beverage, metal & machinery, chemical & petrochemical, pharmaceutical, cleanroom, and others. The medical & healthcare segment holds the major share of the market and is expected to maintain its leading position in the market.
Which Region is expected to remain the largest market?
In terms of regions, North America is estimated to be the largest market for nitrile gloves during the forecast period. Developed healthcare and medical industries, increasing elderly population, and growing awareness pertaining to healthcare-acquired infections are the major factors fueling the market growth. Europe and Asia-Pacific are the other major markets and are expected to witness significant growth during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Nitrile Gloves Market:
· Top Glove Corporation Bhd
· Hartalega Holdings Berhad
· Ansell Ltd
· Supermax Corporation Berhad
· Kossan Rubber Industries Bhd
· Superior Gloves
· MCR Safety
· Medline Industries, Inc.
· Unigloves (UK) Limited
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