Selbyville, Delaware, May 04, 2022 (GLOBE NEWSWIRE) --
The nitrile gloves market value is projected to reach USD 42 billion by 2028 , according to a new research report by Global Market Insights Inc. Growth in the healthcare sector coupled with rising healthcare expenditure due to the ongoing COVID-19 pandemic will fuel the industry expansion.
Food-grade segment are expected to obtain a considerable market share during the forecast timeframe owing to their various usage in food handling applications. Owing to their ability to prevent contamination and reduce the possibility of breaking, nitrile gloves are regarded as the safest material for handling food. These gloves are used for cleaning and are the toughest material for food handling, thus demand from the food processing industry is projected to increase.
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Nitrile gloves industry from aggressively textured gloves is expected to hold more than 28% revenue share by 2028. This is owing to its numerous applications in the automotive, construction, metal, and industrial industries. The ability to deliver exceptional grip to grasp and fit even small things, such as nuts and bolts, underpins the acceptance of aggressively textured gloves in such domains.
Some major findings of the nitrile gloves market report include:
- Powder-free nitrile gloves will observe higher market penetration owing to regulations on powdered gloves for certain applications.
- Growing medical & healthcare industry is contributing to the rising consumption of medical-grade nitrile gloves.
- High stability in holding small objects and tools are among the major factors driving the demand for micro-roughened gloves.
- Safety concerns for workers in the pharmaceutical industry will foster the business landscape.
- Growing healthcare expenditure and industrial growth in the emerging economies of Asia Pacific to propel regional product demand.
Browse key industry insights spread across 200 pages with 235 market data tables & 24 figures & charts from the report, “Nitrile Gloves Market Size, By Type (Powdered, Powder-free), Grade (Medical, Industrial, Food), Texture (Smooth, Micro-roughened, Aggressively Textured), End-use (Medical & Healthcare, Food & Beverage, Automotive, Oil & Gas, Construction, Chemical, Pharmaceutical, Metals & Machinery), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 – 2028”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nitrile-gloves-market
Nitrile gloves market from pharmaceutical segment is estimated to witness 9.3% CAGR during the forecast timeframe. Nitrile gloves are used in the pharmaceutical industry to protect the product from contamination and workers from exposure to chemical hazards. The growing pharmaceutical industry along with rising concerns for the protection of workers from chemical hazards will augment the business revenue.
Asia Pacific nitrile gloves market will observe impressive growth over the projected timeline due to significant developments in the regional economy. Asia Pacific has witnessed rapid industrialization over the past few years owing to which the demand for nitrile gloves has grown higher than ever. This region has emerged as a profitable option for leading manufacturers since they aim to explore untapped prospects across developing nations.
Major market players operating in the nitrile gloves industry include Ansell, Top Glove Corp., Hartalega, Adenna LLC, Globus Group, Sri Trang Gloves Thailand (STGT), Semperit, YTY Group, Ammex, Avantor, and Dipped Products PLC.
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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.
