Global Nitrile Gloves Market : Market Research By Knowledge Sourcing Intelligence
The global nitrile gloves market is
projected to grow at a CAGR of 7.12% during the forecast period to cross
a total market size of US$500 million by 2023. Growing
incidences of latex allergy caused by latex gloves is the major driver of
global nitrile gloves market. Even though the price of nitrile rubber is
currently rising, there has minimal or no impact on the demand for nitrile
gloves in the advanced economies such as the U.S. and Europe. However, developing
and underdeveloped regions are still using both latex and nitrile gloves.
Recent shut down of manufacturing
facilities of vinyl gloves due to violation of environmental regulations has
increased the market share of both type of rubber gloves- latex and nitrile.
Thus, rising demand for latex gloves in developing and underdeveloped countries
will have a low negative impact on the growth of global nitrile gloves market
during the forecast period since developed economies hold the major market
share. Market Research is
done by knowledge sourcing industry due to huge scope with respective industry.
Sample view of global nitrile gloves market share
Global Nitrile Gloves Market by Geography
Geographically, global nitrile
gloves market is segmented as North America, South America, Europe, Middle East
and Africa, and Asia-Pacific. According to the Malaysian Rubber Glove
Manufacturer Association (MARGMA), advanced economies such as EU, U.S. and
Japan collectively account for about 68% of global glove consumption.
Sample view of global nitrile gloves market share by Geography
North
America nitrile gloves market is projected to grow at a CAGR
of XX.XX% during the forecast period to reach a total market size of
US$XX.XX million in 2023 from US$XX.XX million in 2017. Growing prevalence of
latex-allergy among people in countries such as U.S. and Canada bolster
the demand for nitrile gloves for various applications. According to the
American Allergy Association, around 8-17% of healthcare workers are affected
with latex allergy due to continuous use of latex gloves. Ban on the use of
powdered medical gloves by the FDA is another factor behind the high demand for
nitrile gloves in the region. This region is the major market for global
nitrile glove manufacturers. In 2016, for instance, the top nitrile glove
manufacturing company Hartalega’s sales of nitrile gloves in North America
accounted for 57% of the global nitrile gloves sales. In other end-use
industries, stringent workers safety regulations encourage the use of nitrile
gloves, thereby positively impacting the market growth in this region.
BY END USER INDUSTRY
The global healthcare nitrile
gloves market is projected to grow at the highest CAGR of XX% during the
forecast period to reach a total market size of US$XX million in 2023 from
US$XX million in 2017. Growing population base coupled with improved healthcare
infrastructure is boosting the growth of this sector. Growing issues regarding
latex-allergy among healthcare workers is the major driver of nitrile gloves
market across this sector. Rising geriatric population and increasing
healthcare spending drives the demand for home healthcare solutions and
services across the globe. There has been the highest demand for gloves across
the global healthcare sector to prevent the transmission of pathogens and
bacteria while maintaining hygiene in the hospitals and clinics. According to
the WHO, of every 100 hospitalized patients globally, seven in developed
countries and ten in developing countries will acquire at least one HAI
(healthcare-associated infections) which can lead to a rising mortality rate and
huge financial losses to healthcare systems.
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