Nitrile Gloves Market to hit $53 Billion by 2032, Says Global Market Insights inc.
Nitrile Gloves Industry is expected to register 9.4% CAGR between 2023 and 2032 propelled by significant prevalence of the COVID-19 pandemic.
Selbyville, Delaware, Dec. 07, 2022 (GLOBE NEWSWIRE) — As per the report published by Global Market Insights Inc., the from the automotive end-use segment is likely to register over 8% gains between 2023 and 2032. Growing safety and protection concerns have raised the demand for nitrile gloves, which protect mechanics and other workers from work-related injuries. Nitrile gloves are considered to be personal protective equipment in the automotive industry owing to their ability to provide protection against a wide range of chemical materials, including alcohol, oil, esters, greases, and caustics, which is anticipated to accelerate segment growth.
Rising focus on hygiene to positively influence the APAC market share
Asia Pacific nitrile gloves market is estimated to develop at more than 10.5% CAGR through the forecast period, the report claims. Rising demand for gloves in healthcare centers, coupled with growing awareness about health and hygiene across APAC nations, is projected to promote product demand in the region. Additionally, the mounting use of examination and surgical gloves is foreseen to fuel the regional industry revenue in the future.
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Strategic investment by leading market players to shape industry outlook
The competitive landscape of the nitrile gloves market consists of Ansell, Unigloves (UK) Ltd, Medline Industries, Kossan Rubber Industries Bhd, Avantor, Semperit AG Holding Company, Hartalega, Blue Sail., Ammex, Kanam Latex, AMY Group, Primus Gloves (P) Ltd., and others. In March 2021, Hartalega Holdings Berhad, a nitrile glove producer, invested USD 1.71 billion towards the construction of 16 new glove factories in Malaysia’s northern region over the next 20 years.
Partial chapters of report table of contents (TOC):
Chapter 5 Nitrile Gloves Market, By Type
5.1 Key type trends
5.2 Powdered
5.3 Powder-free
Chapter 6 By Grade
6.1 Key grade trends
6.2 Medical Grade
6.3 Industrial Grade
6.4 Food Grade
Chapter 7 By Texture
7.1 Key texture trends
7.2 Smooth
7.3 Micro-Roughened
7.4 Aggressively Textured
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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