Nitrile gloves are gloves produced by processing synthetic material nitrile rubber (NBR), which have certain advantages such as acid and alkali corrosion resistance, good physical properties, short degradation time, and environmental friendliness. Therefore, they are widely used.
Overview of Market Development
According to our research data, the global market size of nitrile gloves is estimated to reach $6.43 billion in 2024, an increase of 9.49% compared to 2023. It is expected that the market size will continue to increase to $11.54 billion by 2029.
Segmented Market Analysis
From the perspective of product types, according to different quality standards, nitrile gloves can be divided into two types: medical-grade nitrile gloves and industrial-grade nitrile gloves. Among them, medical-grade nitrile gloves dominate the market. The data shows that the global medical-grade nitrile gloves segment market size is estimated to be $5.126 billion in 2024, and the market share is expected to reach 79.70%.
From downstream applications, nitrile gloves are widely used in various fields such as healthcare, food processing, automotive, oil and gas, and construction due to their excellent oil resistance, wear resistance, heat resistance, as well as good elasticity and fit. Among them, the healthcare sector is its largest downstream application market, with an estimated application share of 65.98% in 2024.
Global Nitrile Gloves Market Size and Segment Market Share Forecast
Source: www.globalmarketmonitor.com
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global nitrile glove market is moderate. According to the data, the total output value of nitrile gloves by the top 3 enterprises in 2023 was $2626 million, with a total share of 40.82%. The top 3 companies were Hartalega Holdings Berhad, Top Glove Corporation, and Kossan Rubber Industries. In 2023, these three companies accounted for 19.02%, 14.92%, and 40.82% of the global total output value of nitrile gloves, respectively.
Nitrile Gloves Output Value and Share of Main Companies in 2023
|
Companies
|
Output Value (Million USD)
|
Share
|
|
Hartalega Holdings Berhad
|
1223
|
19.02%
|
|
Top Glove Corporation
|
960
|
14.92%
|
|
Kossan Rubber Industries
|
443
|
6.88%
|
|
Top3 Companies
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2626
|
40.82%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Nitrile Gloves Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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