Nitrile Gloves Market Likely To Touch At ,448.0 Million By 2030: Grand View Research Inc.Posted by Mrudula Anil Karmarkar on January 21st, 2025 San Francisco, 21 January 2030: The Report Nitrile Gloves Market Size, Share & Trends Analysis Report By Type (Powdered, Powder-free), By Product (Disposable, Durable), By End-use (Automotive, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030 The global nitrile gloves market size was estimated at USD 4,568.9 million in 2023 and is expected to grow at a CAGR of 9.6% from 2024 to 2030. The industry is primarily driven by rising healthcare expenditures, the growing importance of safety at workplaces, and a significant surge in protective equipment demand during the COVID-19 pandemic. Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive market growth. The importance of worker safety has significantly increased owing to the increasing employment in industries across Asia Pacific. The rapid spread of the COVID-19 pandemic is anticipated to increase the demand for nitrile gloves among frontline healthcare workers for testing and examination purposes. In addition, nitrile gloves have witnessed a substantial increase in demand in the healthcare industry on account of their necessity in various other healthcare and medical applications. Increasing requirement of hand protective equipment by healthcare professionals during the COVID-19 pandemic in 2020 has boosted the demand for nitrile gloves across the globe. Hence, manufacturers such as Top Glove Corporation Bhd and Kossan Rubber Industries Bhd had to increase their manufacturing capacity to match global demand. Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, coupled with stringent regulations and high costs associated with workplace hazards, is anticipated to drive industry growth. The importance of worker safety has significantly increased owing to the rising employment in industries across the globe. Furthermore, growing awareness regarding the safety and health measures associated with emergency response incidents is anticipated to augment the demand for nitrile gloves in the healthcare sector. In addition, risks related to on-the-job transmission of blood-borne pathogens and germs have led to increased product adoption in medical & healthcare facilities. Request sample report of Nitrile Gloves Market@ https://www.grandviewresearch.com/industry-analysis/nitrile-gloves-market/request/rs1 In the U.S., the presence of a large geriatric population, sophisticated healthcare infrastructure, and relatively higher disposable income levels of patients are vital drivers of the healthcare industry. In addition, the country has the highest healthcare spending globally. Thus, the aforementioned factors are likely to have a positive impact on product demand in the healthcare industry. Ongoing innovations coupled with advancements in the field of surgery, such as standardizing procedures, technical advancements, and high-reliability organizing (HRO), are anticipated to boost the growth of the hospital sector as well as propel the demand for medical-grade gloves. Nitrile Gloves Market Report Highlights
Stringent government norms regarding the safety of patients, doctors, and other employees at hospitals and premises, coupled with huge penalties for non-compliance with standards, have prompted employers to use gloves to protect their staff against various infections and health hazards. Hence, with growth in the medical and healthcare industry, the product demand is likely to increase in the U.S. Nitrile Gloves Market Report Scope
Rising spending on healthcare in middle- and low-income economies is attributed to people's reliance on increased public funding instead of out-of-pocket expenditures. Factors such as the expansion of public healthcare systems, increased economic power, and population growth are anticipated to increase healthcare spending globally. Furthermore, the aging population, the rising number of people with chronic & long-term conditions, increasing labor costs & staff shortages, and the growing demand for broader ecosystem services are expected to boost healthcare expenditure across the globe. The demand for healthcare services and products has led to increased use of personal protective equipment, including nitrile gloves. In addition, the increasing geriatric population is further anticipated to boost healthcare spending, thereby positively impacting the growth of the nitrile gloves market. The market is also characterized by a high degree of product innovation, which has resulted in the development of high-quality nitrile gloves. The demand for sustainable and eco-friendly nitrile gloves is increasing; this trend is likely to increase R&D spending by market players. Furthermore, the global market is significantly influenced by the growing regulatory compliance across the globe. Major players in the nitrile gloves market include Top Glove Corp. Bhd., Hartalega Holdings Berhad, Ansell Ltd., Supermax Corp. Berhad, Kossan Rubber Industries Bhd., Superior Gloves, and Unigloves (UK) Ltd. The industry focuses on R&D activities to develop new technologies for manufacturing nitrile gloves and integration across various stages of the value chain to gain a competitive edge in the market. Market players strive to achieve application development to gain a competitive advantage over their competitors. The presence of local players in Asia Pacific poses a substantial threat to large multinational companies in terms of product quality and price offered to the customers. Like it? Share it! More by this author |