. According to Stratview Research, the market is segmented by Type (Powdered, Powder-Free), by Product Type (Disposable, Durable), by End-Use Industry Type (Medical & Healthcare, Automotive, Oil & Gas, Food & Beverage, Metal & Machinery, Chemical & Petrochemical, Pharmaceuticals, Cleanroom, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
The report suggests that the overall 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.
Market Segments' Analysis
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.
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.
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.
The following are some of the key players in the Nitrile Gloves 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
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Nitrile Gloves Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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