Nitrile Gloves Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Type (Powdered and Non-Powdered); By Product (Disposable and Durable); End-Use (Medical & Healthcare, Automotive, Food & Beverage, Chemical & Petrochemical, Others); Region/Country.
Detailed Analysis of COVID-19 Impact on the Nitrile Gloves Market
The Nitrile Gloves Market is expected to witness a CAGR of around 11% during the forecast period (2021–2027). Nitrile gloves are a medical or non-medical safety product that is used in different sectors and the growth of this market is mainly due to the nature of the disease and the risk of cross infection, global demand for PPE including masks, face shields, protective gowns, and protective glasses has been witnessing a sudden increase, and nitrile gloves are no exception. Moreover, various factors such as growing research and development activities in the chemistry labs or laboratories are also expected to drive the demand for nitrile gloves over the forecast period. For instance, According to ILAC MRA and Signatories, in 2021, almost 85,000 laboratories, almost 13,000 inspection bodies, over 600 proficiency testing providers, and 250 reference material producers were accredited globally.
Some of the major companies operating in the nitrile gloves market include Ansell, Semperit AG Holding, Medline Industries Inc., B. Braun Melsungen AG, MRK Healthcare Pvt. Ltd., Hartalega Holdings Berhad, RFB Latex Limited, Asma Rubber Products Pvt. Ltd., Kanam Latex Industries Pvt. Ltd., Top Glove Corporation Bhd.
Insights Presented in the Report
“Amongst Type, the non-powdered category accounted for the majority share in the market in 2020”
Based on type, the nitrile gloves market is segmented into powdered and non-powdered. The non-powdered category is anticipated to witness a considerable growth rate during the forecast period. This is mainly due to the rising use of gloves in various sectors such as the oil and gas industry growth, and manufacturing units to prevent contamination, infections, and safety causes. These factors are further contributing to the growth of this segment during the forecast period. Moreover, in the automotive industry gloves are used in different manufacturing processes such as greasing, painting, oil, and chemical procedures. For instance, according to the European Automobile Manufacturers Association (ACEA), in 2021, around 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020.
“Amongst Product, the disposable category is expected to witness the highest CAGR during the forecast period”
Based on product, the nitrile gloves market is segmented into disposable and durable. The disposable category is anticipated to witness a considerable growth rate during the forecast period. Disposable gloves are used for a limited time period in various industries and healthcare sectors such as chemistry laboratories, manufacturing units, food & beverages industries, and diagnostic centers. Moreover, major companies in the market are opting for strategic measures such as facility expansion and entry into a new market to gain a competitive edge. These factors will drive the market growth of this segment during the forecast period. For instance, in January 2021, Ansell Limited announced that it finalized the purchase of the Primus brand and relevant attributes that comprise the Life Science division of Primus Gloves and Sanrea Healthcare Products.
“Amongst End-Use, the medical & healthcare category is expected to witness the highest CAGR during the forecast period”
Based on end-use, the nitrile gloves market is segmented into medical & healthcare, automotive, food & beverage, chemical & petrochemical, and others. Among these, the medical & healthcare category is anticipated to witness a significant growth rate during the forecast period. The use of these gloves in many sectors to inhibit contamination, infection, and. Moreover, apart from the healthcare industry, demand for disposable gloves is gaining a boost for non-medical sectors such as food & beverage and food service industries to ensure food safety practices and prevent pathogens from the food is also contributing to the growth of this market. For instance, according to the Office of National Statistics, U.K., there were a total of 123,395 restaurants, cafes, and bakeries in the U.K. alone. Similarly, according to a source, there are 53,000 hotels, and 7 million restaurants, in an organized manner.
“North America to witness significant growth during the forecast period”
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World. North America accounted for a considerable market share during the forecast period. This is mainly due to the rising demand for nitrile gloves in healthcare & industries, and the presence of medical product manufacturers. Moreover, increasing safety measures in the chemical & petrochemical industries to provide excellent protection against acids, oils, inks, and alcohols also boost the market growth in the region. For instance, according to an annual report from the American Chemistry Council (ACC), the US chemical industry turned around in 2021, posting a 1.4% growth in production volume, excluding pharmaceuticals, versus a 3.5% decline in 2020 due to globally.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Nitrile Goves Market|
|2.2.||Research Methodology of the Nitrile Goves Market|
|2.5.||Main Objective of the Nitrile Goves Market Study|
|5||NITRILE GLOVES MARKET COVID-19 IMPACT|
|6||NITRILE GLOVES MARKET REVENUE, 2019-2027F|
|9.1.||Medical & Healthcare|
|9.3.||Food & Beverage|
|9.4.||Chemical & Petrochemical|
|10.1.||North America Nitrile Gloves Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Nitrile Gloves Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia-Pacific Nitrile Gloves Market|
|10.3.5.||Rest of Asia-Pacific|
|10.4.||Rest of the world Nitrile Gloves Market|
|12||NITRILE GLOVES MARKET OPPORTUNITIES|
|13||NITRILE GLOVES MARKET TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porter’s Five Forces Analysis|
|18.2.||Semperit AG Holding|
|18.3.||Medline Industries Inc.|
|18.4.||B. Braun Melsungen AG|
|18.5.||MRK Healthcare Pvt. Ltd.|
|18.6.||Hartalega Holdings Berhad|
|18.7.||RFB Latex Limited|
|18.8.||Asma Rubber Products Pvt. Ltd.|
|18.9.||Kanam Latex Industries Pvt. Ltd.|
|18.10.||Top Glove Corporation Bhd.|
Research Methodology for the Nitrile Gloves Market Analysis (2021-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of the nitrile gloves market were the three major steps undertaken to create and analyze the adoption of the nitrile gloves market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the nitrile gloves market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the nitrile gloves market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the nitrile gloves market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, product, and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the nitrile gloves market. Further, we conducted factor analysis using dependent and independent variables such as various type, product, and end-use of the nitrile gloves market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, and business expansion, in the nitrile gloves market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the nitrile gloves market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the nitrile gloves market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the nitrile gloves market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the nitrile gloves market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, product, and end-use in the nitrile gloves market.
The main objective of the nitrile gloves market Study
The current & future market trends of the nitrile gloves market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the nitrile gloves market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, product, and end-use.
- Define and analysis of the regulatory framework for the nitrile gloves market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the nitrile gloves market for the major region.
- Major regions and countries studied in the report include North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World.
- Company profiles of the nitrile gloves market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry