Nitrile Butadiene Rubber (NBR) Latex Market Size By Application (Gloves [Medical, Industrial]), By End-user (Industrial, Healthcare & Clean Room, Food), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

Published Date: Aug 2018  |  Report ID: GMI2881  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 264   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Nitrile Butadiene Rubber (NBR) Latex Market size was more than USD 1.1 billion in 2017 and will witness 10% CAGR during the forecast timespan.

Nitrile Butadiene Rubber (NBR) Latex Market

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Global nitrile butadiene rubber (NBR) latex market shall witness substantial gains over the forecast period. Rapidly growing healthcare industry will be primarily driving NBR latex demand across the globe in the coming years. Healthcare industry covers pharmaceutical, medical devices & equipment, accessories sectors and each has different dynamics. Aging and increasing population, market expansion, advances in medical treatments will be major factor driving healthcare industry growth during the forecast period, which will be majorly boost NBR latex market in the coming years. As per World Industry Outlook, Healthcare and Pharmaceuticals, the healthcare industry registered a total spending of approximately USD 7 trillion by major regions across the globe in 2015. It is projected to reach USD 8.7 trillion by 2020.

Industrialization across the globe, especially in Asia Pacific has led to emergence of various industry-based economies. With various industries operating in Asia Pacific, OSHA has made it mandatory for companies to provide safety gears to workers while working in conditions where chemicals are involved. Here, gloves market has benefitted substantially in past few years. Rubber gloves are widely used across industries for worker protection. Nitrile butadiene rubber latex market shall witness considerable demand from gloves manufacturers in the coming years.


Nitrile Butadiene Rubber (NBR) Latex Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 1.1 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2025
Forecast Period 2018 to 2025 CAGR: 10% 2025 Value Projection: 2.4 Billion (USD)
Pages: 264 Tables, Charts & Figures: 472
Geographies covered (22): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South Korea, Vietnam, Thailand, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Application, End-user and Region
Companies covered (12): LG Chem, Precision Dippings Manufacturing Ltd., Jubilant Bhartia Group, Zeon Chemicals, OMNOVA Solutions, Kumho Petrochemical, Synthomer, Nantex, Apcotex Industries Limited, Emerald Performance Materials LLC, Bangkok Synthetics Co. Ltd., Shin Foong Specialty and Applied Materials Co. Ltd.
Growth Drivers:
  • Advancements in technology and increasing investments in healthcare industry
  • Increasing product usage in food industry
Pitfalls & Challenges:
  • Availability of natural rubber as alternative
  • Price fluctuations in crude oil market

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Nitrile Butadiene Rubber Latex Market, By Application

The prime application of NBR latex is gloves production. Gloves are an integral part of healthcare industry and laboratories. They are evidently used in clean rooms in laboratories and research labs in medical industry for hand protection. The healthcare sector requires gloves, for both examination and surgery, which act as a barrier that stops micro-organisms transmission to and from patients. Gloves was the largest and fastest growing segment of global nitrile butadiene rubber latex market in 2017. It shall continue to hold the same position by 2025. An exponentially expanding healthcare industry shall drive the global gloves market in the coming years.

Nitrile Butadiene Rubber Latex Market, By End-user

Healthcare & clean room was the largest end-user of global nitrile butadiene rubber latex market in 2017. Surgical and examination gloves are an intrinsic part of healthcare industry. Gloves is an important application of NBR latex market, hence, growing demand for gloves will ultimately boost market size during the forecast period. Examination gloves (both sterile and non-sterile) are extensively used in clean rooms and laboratories. Surgical gloves which have specific characteristics of thickness, elasticity and strength are particularly used by surgeons. Both the glove types market has witnessed substantial gains since past few years and shall continue to experience a sturdy increase in demand in the coming years. This will accelerate NBR latex market size from 2018 to 2025.

Industries such as chemicals, automotive, electronics, where worker safety is vital for proper operation of the plant widely use NBR latex gloves and this end-user segment will expand with substantial CAGR over the next coming years. In the applications that require the use of acids, alcohols, caustics, chlorinated solvents, oils & greases, nitrile butadiene rubber latex gloves are the best option. They provide both sensitivity and dexterity of use and are highly durable. Nitrile latex gloves are used by cleaning and janitorial staff, line workers, assemblers and fabricators, cafeteria and first aid.

Nitrile Butadiene Rubber Latex Market, By Region

Asia Pacific is likely to expand with a substantial CAGR during the forecast timespan, owing to new players venturing into nitrile rubber production industry and industrialization, which has prominently accelerated NBR latex demand in innovative applications. Malaysia leads the global glove manufacturing market with a massive share of over 60%. Nations with low individual consumption of gloves which also have huge population and significant GDP growth shall witness big opportunities for gloves demand growth in the coming years.

North America and Europe have fewer nitrile butadiene rubber latex producing companies operating in these regions, thus a sluggish CAGR for these two over the forecast duration. The industries requiring NBR latex majorly import it from Asian countries as the NBR latex produced in Europe and North America is costly due to high labor charges and high-priced raw materials.

Competitive Market Share

NBR latex quality largely depends on the manufacturer and manufacturing process. Very few and large-scale players are operating in the industry, this can be attributed to the high capital requirement and the need to comply with environment and government regulations. Prominent large-scale vendors operating in this business are LG Chem, Synthomer, Zeon Chemicals, Omnova Solutions, Kumho Petrochemicals and Nantex.

Global nitrile butadiene rubber latex market was highly consolidated in 2017. Kumho Petrochemical and Nantex held significant share in overall nitrile butadiene rubber latex market in the same year. Kumho has always focused on expanding market share by increasing production capacity, which has helped the company attain this position in industry. Zeon and Shinfoong are also prominent player in NBR latex market. Their latex brands are popular among glove manufacturers.

Industry Background  

NBR Latex is a copolymer of butadiene and acrylonitrile made from synthetic rubber. It does not have protein and resistant to chemicals, oil & acids. It is manufactured by using sulphur, phenyl, nbr, zinc oxide, potassium hydroxide, ammonia, potassium laurate, acrylonitrile and other catalysts and substances. Nitrile butadiene rubber latex is a completely niche market which has been witnessing a rapid growth in all its end-user segments in past few years. Healthcare industry is the largest end-user segment of global NBR latex market in terms of volume and value. The companies producing and distributing in this industry are venturing into new application areas, which ultimately aids in fueling product demand across its major end-user segments.

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