Nitrile Butadiene Rubber (NBR) Latex Market to Grow at a CAGR of 7.6% by 2027

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The nitrile butadiene rubber (NBR) latex market is expected to grow at a CAGR of around 7.6% during the forecast period 2020 to 2027 and is expected to reach US$ 2.50 billion by 2027. This research report evaluates the nitrile butadiene rubber (NBR) latex market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global nitrile butadiene rubber (NBR) latex market for the period from 2016 to 2027.

The report provides the overall revenue of the global nitrile butadiene rubber (NBR) latex market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. The study includes drivers and restraints of the global nitrile butadiene rubber (NBR) latex market.

Nitrile Butadiene Rubber (NBR) latex is synthetic milky colored latex widely used in dripping rubber particularly for medical and laboratory gloves. These latexes have excellent properties that include oil resistance and tensile strength among others and this contributes prominently for the significant demand of NBR latex in the healthcare industry.

NBR latex is manufactured using sulphur, phenyl, potassium hydroxide, zinc oxide, potassium laurate, ammonia, catalysts, acrylonitrile, and many more similar chemicals. Major suppliers and manufacturers for raw materials used in the NBR latex industry includes Toronto Research Chemicals, American Elements, Parchem, Linde Gas, Merck KGaA, The Good Scent Company, and Finoric among others.

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Growth Factors

NBR latex possesses excellent properties for example resistance to oil and other chemical that makes them significantly desirable in the manufacturing of protective equipment particularly gloves for the healthcare & industrial industries. This increasing penetration of the product anticipated to offer surplus opportunities in the nitrile butadiene rubber (NBR) latex market throughout the analysis period.

Further, rising penetration of industries especially in the emerging countries along with rising awareness for labor safety expected to positively influence the growth of the market over the upcoming period. Moreover, the increasing application of gloves in the paper, chemical, and food industries anticipated to further augment the market growth for nitrile butadiene rubber latex during the forthcoming years.

In addition, the widespread of COVID-19 virus across the world has significantly surged the healthcare spending along with the demand for protective and medical gloves that in turn predicted to boost the demand for NBR latex over the upcoming period. COVID-19 has resulted in increased demand for gloves particularly for personal protection and thus anticipated to propel the market growth for nitrile butadiene rubber latex especially in the year 2020 as well as in the near future.

Report Highlights

  • The Asia Pacific encountered maximum value share in the global market in 2019 due to large number of industries along with large consumer base in the region
  • North America and Europe are the other most prominent markets in the NBR latex as they have strong infrastructure for healthcare along with various manufacturing industries
  • Gloves segment captured the major market value share in 2019 and predicted to continue the same trend over the analysis period because of its rising implementation in the medical and healthcare industry
  • Healthcare end-user segment emerged as a global leader in the NBR latex market in the year 2019 owing to high consumption of NBR gloves in the sector
  • NBR also seeks significant demand from industrial and food segments owing to increasing application of gloves for workers working in critical locations

Key Players & Strategies

The Nitrile Butadiene Rubber (NBR) Latex industry is highly consolidated because major four market participants capture nearly 50% of the total value share in 2019 and looking forward to acquire more through inorganic growth strategies that include strategic alliance, merger & acquisition, collaboration, and joint venture. Apart from this, the industry participants also focus prominently on the product development and enhancement to upgrade the existing product list this helps them in maintaining their competitive status in the global market.

Some of the prominent players in the Nitrile Butadiene Rubber (NBR) latex market include:

  • Versalis S.p.A.
  • LG Chem
  • Zeon Chemicals
  • Jubilant Bhartia Group
  • Kumho Petrochemical
  • OMNOVA Solutions
  • Apcotex Industries Limited
  • Synthomer
  • Nantex
  • Emerald Performance Materials LLC

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The nitrile butadiene rubber (NBR) latex report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Snapshots

The Asia Pacific exhibits the highest growth rate during the analysis period because of increasing healthcare spending along with several manufacturers shifting their manufacturing facilities and research & development centers in the region. The region is highly lucrative for the industrial growth as it offers low cost raw materials and labors that significantly reduce the overall manufacturing cost for the industries. For instance, Zeon Corp. announced to expand its production capacity for hydrogenated nitrile rubber at Kawasaki, Japan. The plant manufactures Zetpol HNBR latex that has prominent applications in the fabric and coating glass cord.

Additionally, Thailand, Malaysia, and China are the prominent contributors towards the market growth. This is mainly because of major NBR gloves manufacturers are concentrated in these region. In the wake of same, the countries are the prominent importers of the NBR latex.

On the contrary, North America and Europe are the other important revenue contributors to the NBR latex market. This is mainly due to well-established automotive, healthcare, and electronics industries in the regions. Gloves are prominent protective equipment in a manufacturing industry and the demand for the product is largely dependent on the growth of these industries.

Segments Covered in the Report

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of application, end-user, and region:

By Application

  • Gloves
    • Industrial
    • Medical
  • Cotton
  • Others

By End-User

  • Healthcare
  • Industrial
  • Food

By Regional Outlook

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global nitrile butadiene rubber (NBR) latex market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for nitrile butadiene rubber (NBR) latex are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.3

Key Points of Nitrile Butadiene Rubber (NBR) Latex Market

Chapter 1: Introduction

Chapter 2: Research Methodology

Chapter 3: Executive Summary

Chapter 4: Nitrile Butadiene Rubber (NBR) Latex Market Variables and Scope

Chapter 5: COVID 19 Impact on Nitrile Butadiene Rubber (NBR) Latex Market

Chapter 6: Nitrile Butadiene Rubber (NBR) Latex Market Dynamics Analysis and Trends

Chapter 7: Global Nitrile Butadiene Rubber (NBR) Latex Market: Competitive Landscape

Chapter 8: Global Nitrile Butadiene Rubber (NBR) Latex Market, By Application

Chapter 9: Global Nitrile Butadiene Rubber (NBR) Latex Market, By End-User

Chapter 10: Global Nitrile Butadiene Rubber (NBR) Latex Market, Regional Estimates and Trend Forecast

Chapter 11: Company Profiles

Chapter 12: Research Methodology

Chapter 13: Appendix

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