Usage of nitrile gloves spiked to unprecedented levels during 2021, however, demand is estimated to remain strong for the foreseeable future. This trend is driven by the fact that these products are the “first line of defense” in most healthcare settings and are being adopted in other industries at a fast pace due to their superior combination of protection and comfort.
A Substantial Global Market
585 Billion Annual Units
- Major usage surge sparked by the COVID-19 pandemic
- Utilization and product adoption increasing in multiple sectors
- Majority of production 90%+ led by Malaysia and China
The U.S. is Largest Consumer
110+ Billion Annual Units
- U.S. utilization estimated at 20%-30% of total global volume
- Annual U.S. estimates range from $8.8 – $11.4B
- 96.1B medical units imported in 2021 according to HTS product coding
A Strong Growth Outlook
7.5+% CAGR
- Analyst estimates show an annual growth rate approaching double-digit rates
- Growth fueled by the increase in utilization within healthcare and the accelerated adoption by peripheral industries
Channels are Expanding
70/30 Split
- Medical usage continues to be the largest market – hospital, physician office, dental, vet, and lab
- Significant volume, growth and diversification remains in other sectors – automotive, industrial, food and travel
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