Global Nitrile Gloves Market to 2024: Projected to Grow at a CAGR of 14.25%

Global nitrile gloves market is projected to grow at a CAGR of 14.25% to reach US$15.926 billion by 2024, from US$7.162 billion in 2018.

Rising concerns regarding latex allergy is the major driver of nitrile glove market. Ban on powdered gloves by the FDA (U.S. Food and Drug Administration) and in some European countries is escalating the demand for powder-free nitrile gloves. Strict regulations regarding workers’ safety coupled with high focus on hygiene across various end-use industries such as oil and gas, chemical, and food processing is further boosting the demand for nitrile gloves globally.

Moreover, nitrile gloves have higher chemical and puncture resistance than latex gloves which is also positively impacting their demand in different industries. Geographically, U.S. dominates the global nitrile gloves market owing to the ban on powdered medical gloves and high number of cases regarding latex allergies in the country.

By type, global nitrile gloves market has been segmented as powdered and powder-free. Powder-free nitrile gloves market will grow at a high CAGR during the projected period owing to the growing health concern regarding the use of powdered gloves. Recent ban on the use of powdered gloves in healthcare facilities by the FDA further reduces the demand for powdered nitrile gloves, thereby positively impacting the growth of powder-free nitrile gloves market.

By end use industry, global nitrile gloves market is segmented as automotive, oil and gas, healthcare, food processing, construction, chemical, and others. Healthcare accounted for a large share in the global nitrile glove market in 2018 and is projected to continue dominating the market till the end of the forecast period.

Geographically, global nitrile gloves market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. Advanced economies such as EU, U.S. and Japan collectively account for about 68% of global glove consumption.

     Lin Yang(Ms.)

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