Home > Chemicals & Materials > Polymers > Industrial Polymers > Nitrile Butadiene Rubber (NBR) Latex Market
Nitrile Butadiene Rubber (NBR) Latex Market Size
- Report ID: GMI2881
- Published Date: Dec 2022
- Report Format: PDF
Nitrile Butadiene Rubber Latex Market Size
Nitrile Butadiene Rubber Latex Market size was valued at USD 2.5 billion in 2022. Driven by the expansion of food packaging business, the industry is estimated to progress at over 10% CAGR from 2023 to 2032.
Extensive application of NBR latex in the manufacturing of medical and food-grade gloves as a result of its unique properties is slated to foster nitrile butadiene rubber latex market outlook. The swelling demand for gloves due to the spread of the COVID-19 pandemic has presented lucrative growth opportunities for the industry landscape. Nitrile gloves are comparatively cost-effective and are easily supplied to different parts of the world, which is projected to impel product uptake in the coming years.
Moreover, continuous technological advancements, along with surging investments in the healthcare industry by private and government agencies, are also propelling product adoption. For instance, in August 2022, Kumho Petrochemical, a Korean chemical manufacturing company, announced a strategic investment of about €5.5 billion in its new and existing businesses, including nitrile butadiene rubber latex production, in order to maintain its leading global position.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Nitrile Butadiene Rubber Latex Market Size in 2022: | USD 2.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10.3 % |
| 2032 Value Projection: | USD 7 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 472 |
| Segments covered: | Application, End User, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Nitrile Butadiene Rubber Latex Market Scope
