The global Nitrile Butadiene Rubber (NBR) Latex Market size is expected to reach US$ 2.50 billion by 2027 and is expected to grow at an impressive double-digit rate of 7.6% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Nitrile Butadiene Rubber (NBR) Latex Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
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.
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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
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Key Market Players and Strategies
- Versalis S.p.A.
- LG Chem
- Zeon Chemicals
- Jubilant Bhartia Group
- Kumho Petrochemical
- OMNOVA Solutions
- Apcotex Industries Limited
- Synthomer
- Nantex
- Emerald Performance Materials LLC
Major Market Segments Covered:
By Application
- Gloves
- Industrial
- Medical
- Cotton
- Others
By End-User
- Healthcare
- Industrial
- Food
Regional Analysis:
The geographical analysis of the global Nitrile Butadiene Rubber (NBR) Latex Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Nitrile Butadiene Rubber (NBR) Latex Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Nitrile Butadiene Rubber (NBR) Latex Market in 2027?
- What is the expected CAGR for the Nitrile Butadiene Rubber (NBR) Latex Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Nitrile Butadiene Rubber (NBR) Latex Market?
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