May 22, 2024

Growth Of Pharmaceutical Industry Is Projected To Drives The Global Cleanroom Gloves Market

 These gloves are made of materials ranging from nitrile, latex, vinyl, and neoprene to maintain sterility and avoid introducing any contamination during delicate processes. The global pharmaceutical industry has witnessed tremendous growth over the past few years owing to new drug approvals and increasing prevalence of chronic and infectious diseases. As pharmaceutical companies ramp up production to meet rising global demand for medicines, there is a proportional increase in demand for cleanroom gloves to maintain product purity and quality during manufacturing. The need for contamination-free production environment has driven increased consumption of cleanroom gloves.

The global Cleanroom Gloves Market is estimated to be valued at US$ 2110.48 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the cleanroom gloves market is growing adoption of nitrile gloves. Nitrile gloves are preferred over latex and vinyl gloves in the pharmaceutical and medical industries due to lower protein content which reduces risk of allergic reaction. They provide better puncture and chemical resistance as compared to latex gloves. Leading players are focussed on introducing advanced nitrile glove variants with improved comfort and protection. For instance, in 2022 Ansell introduced its new Gammex Nitrile Technology (GNT) that provide enhanced safety without compromising on dexterity and tactility for stringent cleanroom applications.

Porter’s Analysis

Threat of new entrants: The cleanroom gloves market requires significant capital investments for production facilities and certification. stringent regulatory norms pose a high entry barrier for new players.

Bargaining power of buyers: The presence of many manufacturers provides buyers with adequate bargaining power and ability to negotiate on pricing and demand customized products as per their requirements.

Bargaining power of suppliers: The raw material suppliers have moderate bargaining power due to availability of substitute materials. However, manufacturers strive to maintain steady partnerships with key suppliers to ensure uninterrupted production.

Threat of new substitutes: There exists a low threat from substitutes since cleanroom gloves are indispensable for aseptic manufacturing and handling of sterile products in pharmaceutical and medical industries.

Competitive rivalry: The global cleanroom gloves market is fragmented in nature with the presence of several international and regional players. Players differentiate their products based on quality, reliability, and pricing.

Key Takeaways

The Global Cleanroom Gloves Market Size is expected to witness high growth over the forecast period. The global Cleanroom Gloves Market is estimated to be valued at US$ 2110.48 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.

The Asia Pacific region dominates the market with the highest revenue share owing to strong presence of pharmaceutical companies and rapidly growing medical device industry. Countries like China, Japan and India are witnessing increased adoption of cleanroom gloves across various end-use industries. Growing outsourcing of pharmaceutical production to Asian countries and rising healthcare spending propel the demand for cleanroom gloves in the region.

Key players: Key players operating in the cleanroom gloves market are OPI, China Glaze, Kiko Milano, Rimmel, Shiseido, CND, Art of Beauty, Zoya, Sally Hansen, Revlon, L’Oreal Paris, Nails Inc., Maybelline, Chanel, Dior, Tom Ford, YSL, Lanc├┤me. Players are focused on new product launches catering to various application areas and stringent regulatory norms.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it