Global Nitrile Gloves Market Trajectory & Analytics Report 2022: Market to Reach $57.1 Billion by 2026 – Vinyl Hybrid Gloves Gain Traction – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Nitrile Gloves – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Nitrile Gloves Market to Reach $57.1 Billion by 2026

Amid the COVID-19 crisis, the global market for Nitrile Gloves estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$57.1 Billion by 2026, growing at a CAGR of 23.3% over the analysis period.

Nitrile gloves are among the most preferred disposable glove options, offering the benefits of latex such as strength, durability, and flexibility, without risks involving latex allergy. The gloves find widespread usage in all industries globally; being used for providing protection and safety for industry workers as well as materials that are handled.

Offered in both powdered and non-powdered versions, nitrile gloves have gained notable acceptance on the expense of powdered latex gloves over the last several years. Nitrile represents a chemical compound based on carbon and triple-bonded nitrogen, which is commonly used for making different types of gloves, mainly disposable thin nitrile gloves. While nitrile is comparable to latex, it holds certain advantages that make nitrile gloves an effective alternative to powdered latex gloves.

Based on their inherent properties, nitrile-based gloves are widely used to handle chemicals in laboratories and perform surgical procedures. In addition, the nitrile gloves market is gaining from increasing shift of healthcare professionals from latex towards nitrile gloves due to allergy concerns associated with latex gloves.

The market received a considerable push from the COVID-19 outbreak that created exponential demand for nitrile gloves. Infection risk and implementation of strict hygiene protocols established nitriles gloves as a compelling option as these gloves play an important role in preventing spread of the infection while keeping laboratory and medical procedures sanitary.

Powder-Free, one of the segments analyzed in the report, is projected to grow at a 24.8% CAGR to reach US$59.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Powdered segment is readjusted to a revised -2.8% CAGR for the next 7-year period. This segment currently accounts for a 9.6% share of the global Nitrile Gloves market.

The pandemic has led to remarkable spike in personal protective equipment demand from the healthcare industry and the general public. The scenario made it extremely challenging for manufacturers and other businesses to maintain desirable stock for ensuring employee safety. While the initial focus was on notable shortage of N95 masks, the short supply and escalating unit prices of nitrile gloves emerged as major concerns.

Majority of hospitals and healthcare facilities were left struggling with shortage of medical-grade gloves rather than protective gowns and face masks. While significant shortages of essential items such as face masks, respirators and disinfecting wipes led to safety concerns, the sudden drop in availability of nitrile gloves remains a formidable challenge for healthcare facilities that rely heavily on these gloves owing to their high durability along with puncture- and chemical-resistant nature.

Disposable nitrile gloves experienced a dramatic incline in global demand amid COVID-19 that grew three-fold in 2020. The incredible increase in demand was witnessed over a short span due to high use by healthcare professionals and the implementation of strict hygiene protocols. In addition, various health systems and government entities started stockpiling for dealing with another wave of the pandemic.

Majority of healthcare facilities globally reported notable drop in supply of medical-grade gloves. While global demand associated with nitrile gloves touched the 500 billion plus mark in 2020, manufacturers were able to product just 370 billion units. Meanwhile, the nitrile gloves market also faced supply challenges as pandemic disrupted production at various facilities.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• 2020: A Year of Disruption & Transformation
• Global Nitrile Gloves Market Witnesses Exponential Demand amid COVID-19 Crisis
• Industry Faces a Staggering Demand-Supply Gap
• Factors Responsible for Unwavering Demand
• Reasons for Supply Shortage
• Nitrile Gloves Shortage and Production Challenges in the US
• Nitrile Gloves: A Prelude
• Nitrile Gloves Enjoy Increasing Uptake on Expense of Powdered Latex Gloves
• Synthetic Materials and Their Forte in a Nutshell
• Outlook
• Factors Hampering Growth
• Powder Free Gloves Register Strong Growth
• Healthcare Segment Witnesses Rapid Growth
• Developing Countries Hotspots for Future Growth
• Global Production Landscape
• Manufacturers Ramp Up Production Capacity to Meet Surging Demand for Nitrile Gloves
• Competition
• Hartalega’s NGC Project: Capacity and Timelines
• Recent Market Activity
• World Brands

2. FOCUS ON SELECT PLAYERS (Total 190 Featured)

• 3M Company
• Ansell Ltd.
• Cardinal Health, Inc.
• Dynarex Corporation
• Hartalega Holdings Berhad
• Honeywell International Inc.
• Kossan Rubber Industries Bhd
• Nitriflex
• Rubberex Corporation (M) Berhad
• Supermax Corporation Berhad
• Top Glove Corporation Berhad
• United Glove Inc.

3. MARKET TRENDS & DRIVERS

• Nitrile Glove Frenzy & Skyrocketing Prices: A Lucrative Opportunity for Suppliers
• Focus on Hand Hygiene to Curb Rising Incidence of Hospital Acquired Infections Propels Market Growth
• Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
• Spectrum of Salient Drivers Augmenting Growth of Medical Nitrile Gloves Market
• Rising Cases of Chronic Wounds
• Prevalence of Chronic Wounds: Select Statistics
• Increasing Number of Cosmetic & Plastic Surgeries
• Rise in Number of Diagnostic Laboratories Spurs Demand for Medical Gloves
• Vinyl Hybrid Gloves Gain Traction
• Rise in Adoption of Textured Nitrile Gloves
• Growth in the Food Processing Sector and Emphasis on Food Safety Augurs Well for Nitrile Gloves Market
• Rising Importance of Hand Protection Supports Demand for Protective Gloves in the Industrial Sector
• Untapped Potential in Asia as Measured by Lower Per Capita Glove Usage, Throws the Region into the Spotlight as the Focal Point for Future Growth in the Protective Gloves Market
• Workplace Safety Requirements Spur Demand
• Nitrile Gloves Find Broader Uptake in Automotive Industry
• Industry Witnesses Increased Demand for Micro-Roughened Nitrile Gloves
• Companies Explore the Recycling of Medical Gloves
• Manufacturers Focus on Biodegradable Gloves and Other Innovations
• Select Innovations
• Counterfeit Gloves Entering the Supply Chain Form a Major issue

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/z99733

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