PUBLISHER: Value Market Research | PRODUCT CODE: 1361785
PUBLISHER: Value Market Research | PRODUCT CODE: 1361785
The global demand for Nitrile Gloves Market is presumed to reach the market size of nearly USD 23.59 BN by 2030 from USD 11.98 BN in 2022 with a CAGR of 7.82% under the study period 2023 - 2030.
Nitrile gloves are disposable gloves widely used in the chemical, food, and medical industries. They are made from synthetic latex and are highly protective, known to give better resistance from puncture than natural rubber. The term nitrile is derived from the chemical butyronitrile, which is used in the making of these gloves. They are predominantly used while handling hazardous substances in the chemical industries, in dental offices, in food production and during surgical procedures. Doctors use them when they check their patients and perform surgeries on them. They are odourless, powder-free, and fire-retardant. They can handle acid and other forms of solvents.
Nitrile gloves have a flourishing market. They are said to be the most versatile of all gloves due to their usage across many industries, starting from tattoo designing to healthcare. Due to the progress in technology, healthcare has tremendously improved both in developed and emerging economies, and they want to opt for the safest accessories like nitrile gloves during surgical procedures. The increasing rate of surgical procedures across the world pushes the demand for the nitrile gloves industry. One challenge lies in the global shortage of these gloves after COVID-19 as more and more people are getting vaccinated these days, and healthcare practitioners wear them while giving the vaccines to protect their hands and prevent contamination. The effort is going on among the manufacturers to increase the production of nitrile gloves as much as possible to meet the growing demand.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of nitrile gloves. The growth and trends of nitrile gloves industry provide a holistic approach to this study.
This section of the nitrile gloves market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.