NEWSWEEK: Entrepreneur Adam Karapetyan betting big on nitrile glove market’s growth

Health and safety have taken the front seat for multiple industries like never before. Staying protected and safe, especially when working or handling materials that have been traveling around the world, is paramount.

Adam Karapetyan found his way into this world of personal protective equipment (PPE) in a way that felt anything but safe. A young entrepreneur in Los Angeles, Karapetyan had been operating a meal-prep company for several years. As his company grew, he began acquiring more commercial space, which he rented out to small businesses in the food space.

Once COVID-19 shook the U.S. in early 2020, everything changed.

The companies Karapetyan was working with began to collapse one by one, and tenants were unable to pay rents. Karapetyan realized his business was facing collapse. Seeing his business accounts dip into the negatives pushed Karapetyan to pivot amid the most disastrous economic collapse since the Great Depression.

Karapetyan found ways to restructure the dire financial situation his company had been thrust into and determined that he would focus on something entirely new and, more significantly, entirely necessary. He began to research nitrile gloves and designing a company around acquiring and distributing personal protective equipment. Unusual market conditions made it so the “little guys” began to have access to mass quantities of nitrile, which has a limited supply chain process, and Karapetyan was able to capitalize.

In less than a year, Karapetyan was able to create more than $2 million in revenue through his company, Wholesale Nitrile Gloves. The products include cost efficient, gloves, masks, and other protective wear that the to help create safer and healthier environments in the workplace or home setting. Wholesale Nitrile Gloves isn’t just in the protective-wear business; they’re in the peace-of-mind business.

The company’s flagship product is its nitrile gloves, which the company says are high-quality and are sold in high volumes to meet demand. Nitrile is a synthetic rubber and is sometimes used as an alternative to latex. Nitrile has a higher puncture resistance than some other types of glove materials, and some studies have found effective chemical resistance against certain kinds of chemicals when the gloves are fitted and worn properly. Nitrile gloves are also ideal for those who need to avoid latex due to allergies.

One reason Karapetyan’s company has made such strides is the increasing demand for and limited supply of nitrile gloves.

With surgical masks, for example, a machine can simply make them with cheap raw materials. Unlike masks, nitrile glove manufacturing is very sophisticated and requires raw materials that are usually difficult to access.f

As a result, the global nitrile gloves market size was valued at a little over $3 billion in 2019 and has a projected growth of 14.1% between 2020 and 2027, according to a report from marketing and consulting company Grandview Research. Because nitrile gloves utilize synthetic rubber, they offer strength and flexibility while helping to make operation easier on users’ hands.

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