The market report on the Nitrile Gloves Market published by Stratview Research indicates lucrative growth opportunities in the Nitrile Gloves Market industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, trends, market dynamics, and key players.
Nitrile Gloves Market Forecast:
The Nitrile Gloves Market is likely to witness a CAGR of 14.7% during the forecast period. The prime factors that are driving the nitrile gloves market are rising awareness in the healthcare industry, outbreak of Covid-19, and better performance than latex gloves.
The growth of this market principally depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using multiple analysis. These methods help in evaluating the potential of the companies and identify gaps, finding challenges as well as opportunities to lay out a successful roadmap which leads to higher profitability.
Here are the key players in the market –
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Ansell Ltd
- Supermax Corporation Berhad
- Kossan Rubber Industries Bhd
- Superior Gloves
- MCR Safety
- Medline Industries, Inc.
- Unigloves (UK) Limited
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Nitrile Gloves Market Segmentation:
The report segments are based upon applications, material, product type, demographics, geographics, benefits and volume etc. It also recognizes the most-attractive segments and sub-segments.
Nitrile Gloves Market Share: By Type
Based on the type, the market is segmented as powdered and powder-free. The power-free segment dominated the market in 2019 and is expected to maintain its position during the forecast period. Increasing demand from healthcare and medical industries owing to increased demand for disposable gloves is the major driving factor for the powder-free segment.
Nitrile Gloves Market Share: By Product Type
Based on the product type, the nitrile gloves market is segmented as disposable and durable. The disposable segment holds the major share of the pie and is also expected to witness a healthy growth during the forecast period. Outbreak of Covid-19, increasing demand from all the end-use industries, and better performance than latex gloves are the major driving factors of the segment.
Nitrile Gloves Market Share: By End-Use Industry Type
Based on the end-use industry type, the nitrile gloves market is segmented as medical & healthcare, automotive, oil & gas, food & beverage, metal & machinery, chemical & petrochemical, pharmaceutical, cleanroom, and others. The medical & healthcare segment holds the major share of the market and is expected to maintain its leading position in the market.
Nitrile Gloves Market Share: By Region
In terms of regions, North America is estimated to be the largest market for nitrile gloves during the forecast period. Developed healthcare and medical industries, increasing elderly population, and growing awareness pertaining to healthcare-acquired infections are the major factors fueling the market growth. Europe and Asia-Pacific are the other major markets and are expected to witness significant growth during the forecast period.
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