Market Research Report
Nitrile Butadiene Rubber Latex Market Size by Application, By End-user Industry, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
|Published by||Global Market Insights Inc.||Product code||729941|
|Published||Content info||261 Pages
Delivery time: 2-3 business days
|Nitrile Butadiene Rubber Latex Market Size by Application, By End-user Industry, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026|
|Published: April 28, 2020||Content info: 261 Pages||
The NBR latex market is likely to gain remarkable traction in the forthcoming time period owing to robust technological advancements and expanding product usage in food, medical, and industrial sectors. Increasing demand for gloves due to the COVID-19 outbreak will also impel the industry share.
Nitrile or NBR is a kind of synthetic rubber polymer. It is a copolymer which is made up of a combination of butadiene and acrylonitrile molecules and is used in a wide range of applications. The butadiene content in nitrile gloves enables tear resistance and creates flexibility, while the presence of acrylonitrile enhances the chemical resistance.
NBR latex is basically a synthetic latex having milky color along with a liquid form. It is used for dipping rubber for laboratory and medical gloves owing to its exceptional tensile strength and oil resistance. Nitrile based gloves are massively used in the food industry. As per the FDA, the gloves are meant to be used for one task at a time - either for working with raw animal food or with ready to eat food, but not both. Also, the gloves need to be disposed once they have been soiled or damaged.
NBR Latex market is segmented in terms of application, end-user, and regional landscape.
Based on application, the NBR latex market is classified into gloves and others. The other application segment includes polishing of fabrics and gaskets, emulsion binder in adhesives formulations, etc. The other applications segment held a market share of over 1% in 2019 in terms of volume and is expected to grow at a CAGR of over 5% in the coming years.
In terms of end-user, the overall NBR latex market is bifurcated into healthcare, food, and industrial. The industrial end user segment was the second largest segment in 2019 and is projected to show similar trends throughout the forecast period. The industrial segment held a share of over 20% in 2019 and will continue to show appreciative growth. Food end user segment held a market share of 6% in 2019 and shall grow at a CAGR of over 9% during the estimated timeframe.
From a regional frame of reference, Europe NBR latex market held a share of over 3.5%. Latin America NBR latex market held a market share of over 1.5% in 2019 and is projected grow at a CAGR of 3.1% during the assessment period. The MEA region is likely to grow since Saudi Arabia and the UAE governments are investing massive amounts in their medical tourism and healthcare infrastructure, which is likely to boost the demand for gloves, driving the regional NBR latex market in the coming years.