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The global nitrile gloves market size is expected to reach USD 15.24 Billion in 2030 and register a revenue CAGR of 13.1% over the forecast period, according to latest report by Reports and Data. Rising use of nitrile gloves by healthcare professionals, increasing prevalence of chronic diseases, and growing requirements for surgical intervention for treating several health conditions are expected to drive market revenue growth during the forecast period.
Increasing preference for nitrile gloves in industrial applications in oil & gas, chemical, metal & machinery, and automotive industries, to maintain safety of employees in the workplace, is expected to boost growth of the global nitrile gloves market during the forecast period. Nitrile gloves outperform other disposable gloves in terms of chemical resistance, as nitrile rubber is more resistant to chemicals, acids, and oils than natural rubber. Nitrile gloves are also powder-free, which eliminates the risk of allergens.
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Nitrile gloves are commonly used in laboratories to handle chemicals and also while performing surgeries. In addition, there is increasing preference for nitrile gloves over latex gloves among healthcare professionals, due to rising incidence of latex allergy. However, nitrile gloves are made from synthetic nitrile rubber, and certain chemicals are added during nitrile gloves manufacturing, which may cause allergy in some individuals. Some people have reported skin irritation while wearing nitrile gloves, and this could limit their adoption and thus, hamper revenue growth of the market to some extent.
Leading companies operating in the market are:
Hartalega Holdings Berhad, Ansell Limited, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Berhad, Rubberex Corporation (M) Berhad, Top Glove Corporation Berhad, Unigloves (U.K.) Limited, YTY Group, and Riverstone Resources Sdn Bhd.
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Nitrile Gloves market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Type Outlook (Revenue, USD Billion; 2019-2030)
Products Outlook (Revenue, USD Billion; 2019-2030)
Grade Outlook (Revenue, USD Billion; 2019-2030)
Texture Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
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