What Factors Propelled The Growth Of The Nitrile Gloves Market In The Past?
The nitrile gloves market has seen considerable growth due to a variety of factors.
• The size of the nitrile gloves market has witnessed robust growth in the past few years. An increase is projected from $16.25 billion in 2024 to $17.72 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This growth during the historical period is credited to advances in healthcare, an increase in healthcare spending, regulations related to occupational safety, heightened pandemic readiness, and globalization of supply chains.
What Is the Forecasted Market Size and Growth Rate for The Nitrile Gloves Market By 2029?
The Nitrile Gloves market is expected to maintain its strong growth trajectory in upcoming years.
• The market for nitrile gloves is projected to experience significant expansion in the coming years, escalating to $27.58 billion by 2029 with a compound annual growth rate (CAGR) of 11.7%.
This anticipated growth during the forecast period is due to factors like consumer and industry awareness, geopolitical and economic elements, eco-friendly solutions, entering new industrial areas, affordability, and cost efficiency. Key trends that will influence the market during this period are demand in the healthcare industry, needs driven by the pandemic, favoring nitrile gloves over latex, evolving regulatory standards, and an increased focus on hygiene following the pandemic.
What Factors Are Driving Growth In The Nitrile Gloves Market?
The expected surge in healthcare expenditure is likely to boost the nitrile gloves market. The concept of healthcare expenditure encompasses spending on family planning, nutrition-related programs, urgent medical assistance, and health services in general. The growth of this expenditure will facilitate increased investment in healthcare goods and protective measures, contributing to the market's expansion. For example, as reported by the CIHI, an independent, non-profit organization based in Canada, total health expenditures in the country are expected to hit $344 billion in 2023, equating to $8,740 per person and making up 12.1% of Canada's GDP. An expected growth of 2.8% in 2023 is predicted, a rise from the humble 1.5% increase in 2022. As such, the escalating expenditure on healthcare is a major propellant for the nitrile gloves market.
What Are The Main Segments Of The Global Nitrile Gloves Market?
The nitrile gloves market covered in this report is segmented –
1) By Type: Powder-Free Nitrile Gloves, Powder-Coated Nitrile Gloves
2) By Texture: Smooth, Micro Roughened, Aggressively Textured
3) By Grade: Medical Grade, Industrial Grade, Food Grade
4) By End-Use: Healthcare, Food And Beverage, Automotive, Construction, Oil And Gas, Pharmaceutical, Chemical, Metal And Machinery, Cleanrooms, Other End Uses
Subsegments:
1) By Powder-Free Nitrile Gloves: Medical-Grade Powder-Free Nitrile Gloves, Industrial-Grade Powder-Free Nitrile Gloves
2) By Powder-Coated Nitrile Gloves: Medical-Grade Powder-Coated Nitrile Gloves, Industrial-Grade Powder-Coated Nitrile Gloves
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What Emerging Trends Are Influencing The Growth Of The Nitrile Gloves Market?
Pioneering new products is becoming a prevalent trend in the nitrile gloves market. Companies at the helm of the nitrile gloves market are concentrating on inventing new technological methods to consolidate their standing. To illustrate, Kimtech, a Georgia-based company known for delivering contamination control solutions and safety products for various industries, rolled out a new prizm multi-layered neoprene nitrile glove in March 2022. These gloves are designed to safeguard against a broad spectrum of chemicals and provide superior fingertip grip even in damp conditions. The gloves feature a dark violet and dark magenta design, allowing wearers to easily detect mechanical faults. Furthermore, they minimize the likelihood of allergic reactions as they feature an accelerator-free donning layer.
Who Are the Key Players In The Nitrile Gloves Market?
Major companies operating in the nitrile gloves market include:
• Top Glove Corporation Berhad
• Ansell Limited
• Hartalega Holdings Berhad
• Adenna LLC
• Unigloves Limited
• Kossan Rubber Industries Berhad
• MCR Safety
• Ammex Corporation
• Dynarex Corporation
• Rubberex Corporation (M) Berhad
• YTY Group
• Superior Gloves Works Ltd.
• Supermax Corporation Berhad
• Nacosa USA Corp.
• Innovative Healthcare Corporation
• Nitronix International Pte. Ltd.
• Renco Corporation
• Safetouch PPE Inc.
• SAS Safety Corporation
• HMD Healthcare Corp.
• The Glove Company LLC
• American Nitrile
• Kimberly-Clark Corporation
• Semperit AG Holding
• Showa Group
• Globus Ltd.
• Riverstone Holdings Limited
• Cardinal Health Inc.
• Medline Industries Inc.
• Halyard Health Inc.
What Is The Most Dominant Region In The Nitrile Gloves Market?
North America was the largest region in the nitrile gloves market in 2024. The regions covered in the nitrile gloves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
