by Nitrile gloves provide better protection than regular latex gloves due to its resistance to punctures, chemicals, and oil.
Nitrile gloves have become an integral part of the healthcare industry owing to their protective properties. The demand for healthcare and medical services has increased considerably over the past decade due to the aging global population and greater access to insurance plans. Nitrile gloves are regularly used in hospitals, clinics, research laboratories, and other healthcare settings as they provide enhanced safety and protection against pathogens. The risk of developing allergies to regular latex gloves has further fueled the adoption of nitrile variants.
The Global nitrile gloves market is estimated to be valued at US$ 8.92 Bn in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period from 2024 to 2031.
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. Top Glove Corporation Bhd and Hartalega Holdings Berhad captured over 50% of the total nitrile gloves market share in 2019 owing to their robust manufacturing and distribution networks across key regions.
The adoption of Nitrile Gloves Market Size has been increasing across several industry verticals such as automotive, chemical, and oil & gas due to stringent worker safety policies. Countries with growing manufacturing industries such as China, India, and Vietnam have emerged as high growth markets for nitrile gloves.
Global players are expanding their production capacities through acquisitions and new facility constructions to meet the rising demand from North America and Europe. Domestic players from Malaysia, Thailand, and China are also enhancing their capacities through technology upgrades to gain a larger market share.
Market Key Trends
With increasing awareness about healthcare-associated infections, the demand for nitrile gloves with enhanced safety features such as textured surface, anti-fog coating, and anti-slip technologies is growing. Manufacturers are investing in advanced material science technologies to introduce nitrile gloves with better protection against viruses and chemicals. Furthermore, the rising emphasis on sustainability and eco-friendliness is prompting vendors to offer biodegradable nitrile gloves made from renewable plant-based resources. Such product innovations are expected to define the key growth trends in the nitrile gloves market over the forecast period.
Porter’s Analysis
Threat of new entrants: New companies find it difficult to enter due to huge capital requirement for manufacturing facilities and established distribution networks of existing players.
Bargaining power of buyers: Buyers have high bargaining power due to presence of many manufacturers and availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of substitute raw materials.
Threat of new substitutes: Latex and vinyl gloves are substitutes but nitrile gloves are preferred due to better chemical resistance.
Competitive rivalry: Intense competition amongst existing manufacturers to gain market share.
Geographical Regions
North America region accounted for the largest share in the global nitrile gloves market in terms of value in 2024 due to high awareness about health and safety. Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to rising healthcare spending, increasing cases of infectious diseases, and rapid industrialization in countries like China and India.
Europe region also held significant share and is anticipated to grow at a steady rate till 2031 backed by stringent worker safety regulations and availability of advanced healthcare facilities. Rising cases of COVID-19 pandemic has further boosted the demand globally with countries focusing more on healthcare infrastructure and safety measures.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
