Nitrile Butadiene Rubber (NBR) Latex Market Size by Application (Gloves [Medical, Industrial]), By End-user Industry (Industrial, Healthcare & Clean Room, Food), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Nitrile Butadiene Rubber Latex Market size was over USD 1.32 billion in 2019 and will exhibit a growth rate of over 7.5% CAGR from the period of 2020 to 2026. Increasing healthcare spending across the globe coupled with growing demand for gloves from the food and industrial sector shall further augment the market growth.
 

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NBR latex is a synthetic milky coloured latex that is widely used in dripping rubber for laboratory and medical gloves. These latexes possess excellent properties such as tensile strength and oil resistance among others which makes them highly desirable in the healthcare industry. These excellent properties will also help to drive the demand for NBR latex gloves in the food and industrial applications.
 

NBR latex is manufactured by using phenyl, sulphur, zinc oxide, potassium hydroxide, ammonia, potassium laurate, acrylonitrile, catalysts, etc. Major raw material manufacturers and suppliers in the nitrile butadiene rubber latex industry includes American Elements, Toronto research Chemicals, Linde Gas, Parchem, The Good Scent Company, Merck KGaA, Finoric among others.
 

The manufacturing of NBR latex is highly capital intensive and the quality greatly depends on the manufacturing process. This capital-intensive nature of the market restricts the entry of small-scale players. The overall nitrile butadiene rubber latex market is also seen to be have a high degree of forward integrated. Many proficient players such as LG chem, Synthomer etc. owns their own distribution channels for their product delivery to the target markets.
 

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Rising healthcare investment across the globe will propel product penetration

The global NBR latex hugely depends on the growth of the healthcare industry across the globe. Over 70% of the global nitrile butadiene rubber latex market was from the healthcare industry in 2019 and is anticipated to exhibit the same trend throughout the forecast period. The growing advancement in the healthcare sector is identified to be a major factor propelling the demand for the product.
 

According to Centres for Medicare & Medicaid Services under the Department of Health and Human Services (HHS), the global healthcare spending was anticipated to rise 0.8% faster than GDP per year through 2018, hence the healthcare share of GDP is anticipated  to increase from 17.9% in 2017 to 19.4% by the year 2027.  Moreover, the interference by various bodies governing labor safety such as OSHA has made the usage of protective gloves across various industrial sector which is another factor augmenting the nitrile butadiene rubber latex market growth.
 

Therefore, the developing industrial sector shall positively contribute to the growth of the overall nitrile butadiene rubber latex market during the review period 2020-2026. Rubber gloves are extensively used across various end user industries due to their excellent properties such as chemical resistance, flexibility and tear resistance among others.
 

Prevalence of stringent government regulations

The global nitrile butadiene rubber (NBR) latex market is governed by various regulations especially in the point of applications. For instance, the usage of NBR latex gloves in the food industry is governed by the FDA, as it comes in direct contact with food. FDA CFR 21 Part 177.2600 enlists the permitted chemicals and materials such as acrylonitrile-butadiene copolymer (nitrile), chloroprene polymers, natural rubber (latex) and others that can come into contact with food.
 

Medical glove dominated the application base of NBR latex industry

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The global nitrile butadiene rubber latex market on the basis of application has been segmented into gloves and others. The gloves application segment held a market share of over 95% in 2019 and is anticipated to show the same trend throughout the forecast period. Moreover, gloves segment for medical application held a share of over 75% in 2019.
 

NBR latex gloves are widely used across the examination and surgery applications in the medical industry. These gloves act as an efficient protective barrier for transmission of harmful microorganisms and are widely used in in laboratories and research labs in medical sector. Propelling healthcare sector across the globe shall substantially contribute to the growth of nitrile butadiene rubber latex market segment throughout. The medical application is anticipated to grow at a CAGR of over 5% throughout the forecast period.
 

Growing health related concerns and advantages of NBR latex gloves to drive the healthcare & clean room segment

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Healthcare dominates the nitrile butadiene rubber latex market and accounted for over 70% consumption in 2019. Properties such as excellent wear resistance, chemical resistance, rebound resilience makes it suitable for various applications in healthcare sector. Moreover, the on-going pandemic situation of COVID-19 across the globe is projected to reply with an exponential rise in the consumption of NBR latex globes throughout 2020 across the globe.
 

This rapid increase in consumption is anticipated to substantially affect the market in terms of both volume and revenue during this period.
 

Asia Pacific to remain the major revenue pocket throughout the forecast period

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Asia Pacific was the major revenue pocket in 2019 and is projected to follow the same trend throughout the assessment period. Malaysia is the major contributor to the overall APAC market. Malaysia held a market share of over 65% market share in 2019 and shall continue leading during the forecast period.
 

Malaysia holds the leading position in the world’s NBR latex gloves manufacturing with over two third of the nitrile butadiene rubber latex market share. The country also imports large amount of NBR latex and is also home to some of the largest manufacturers of nitrile butadiene rubber gloves.
 

NBR latex market is highly consolidated

Global market is a highly consolidated and top four players accounted for roughly 50% of the global market share in 2019. Some of the major players operating in the nitrile butadiene rubber latex market include LG Chem, Versalis S.p.A., Zeon Chemicals, Jubilant Bhartia Group, OMNOVA Solutions, Synthomer, Kumho Petrochemical, Apcotex Industries Limited, Nantex, and Emerald Performance Materials.
 

Nitrile Butadiene Rubber Latex Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2016 to 2026, for the following segments:
 

By Application

• Gloves
  • Medical
  • Industrial
• Others
• Cotton

By End-user Industry

• Industrial
• Healthcare
• Food

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Australia
  • Japan
  • South Korea
  • Indonesia
  • Vietnam
  • Thailand
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa