Epoxy curing agent News Analysis of key competitive companies and development prospects in China’s nitrile gloves market in 2023

Analysis of key competitive companies and development prospects in China’s nitrile gloves market in 2023

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Analysis of key competitive companies and development prospects in China's nitrile gloves market in 2023

Nitrile butadiene rubber (NBR) is a material produced by emulsion polymerization of butadiene and acrylonitrile. Nitrile gloves are made of composite nitrile rubber (NBR) through processing. They have excellent oil resistance, high abrasion resistance, and good heat resistance. They are mainly used in factories, oil fields, repair shops, etc.

Nitrile gloves are a type of disposable gloves, which mainly play a health protection role through hand isolation, that is, to prevent the glove user from being exposed to surface contaminants or cross-transmission and infection of germs. In addition to nitrile gloves, disposable gloves also include PVC gloves, latex gloves and PE gloves, and their uses include household, industrial, medical, beauty, food processing, hygiene, etc. PVC gloves have good breathability, acid and alkali resistance, antistatic, and are cheaper, but their elasticity is average; PE gloves are cheap, but have poor elasticity and are easily damaged; latex gloves have strong elasticity and adsorption, but may cause allergies and raw material supply Unstable; nitrile rubber has good elasticity, but the price is high.

compiled and released by the Industrial Research Center 2023-2028 ChinaNitrile GlovesIn-depth industry market research and development prospect forecast reportIt is shown that nitrile gloves are a relatively high-end product among disposable gloves. Due to their good antistatic properties, stretchability, comfort, and non-toxic properties, they are mainly used in medical protection, sanitation, and food. In processing and other fields, market demand has grown rapidly in recent years compared to other glove varieties. At the same time, the investment cost of the nitrile glove production line is high, the investment cycle is also long, and the water consumption in the production process is large, so the expansion of production capacity is relatively slow.

The upstream raw materials of nitrile gloves are mainly nitrile rubber latex. China is the world’s largest producer of nitrile rubber latex and has a relatively sufficient supply of raw materials. Affected by the COVID-19 epidemic, demand in the nitrile glove industry chain has grown rapidly. Since 2020, many companies have constructed and put into production nitrile latex projects, such as Ningbo Shunze’s 400,000-ton carboxylated nitrile latex project, and Zibo Qixiang Tengda’s 200,000-ton/ In 2016, the market supply of nitrile latex projects expanded rapidly.

Affected by factors such as the epidemic, the disposable gloves market has grown rapidly in recent years. Since 2020, many disposable glove manufacturers such as Top Glove and Inco Medical have expanded production. Top Glove is one of the world’s major glove manufacturers. Its glove manufacturing plants are located in Malaysia, Thailand, China and Vietnam, with an installed annual production capacity of 100 billion pieces. Yingke Medical is a listed company whose main business is disposable medical protective gloves. As of June 2022, the company’s annual production capacity of disposable nitrile gloves is 45 billion pieces, and the annual production capacity of disposable PVC gloves is 30 billion pieces. In Build a production capacity of 155 billion disposable non-latex gloves.

However, as the demand for anti-epidemic materials such as masks and gloves changes globally, the demand for disposable gloves has gradually returned to stability. Products such as disposable nitrile gloves and disposable PVC gloves have replaced the original TPE gloves and CPE gloves. China’s current per capita consumption of disposable gloves is still lower than that of developed countries, and the market has great development potential. As a rising variety among gloves, market demand for nitrile gloves is expected to continue to grow in the next few years.

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