September 23, 2021
Nitrile Butadiene Rubber (NBR) Latex

Nitrile Butadiene Rubber (NBR) Latex Market Value to Cross US$ 2.50 Bn by 2027

The global nitrile butadiene rubber (NBR) latex market value is expected to reach US$ 2.50 Billion by the end of 2027, decelerating at a CAGR of 7.6% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global nitrile butadiene rubber (NBR) latex market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global nitrile butadiene rubber (NBR) latex market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the nitrile butadiene rubber (NBR) latex industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Nitrile Butadiene Rubber (NBR) latex is synthetic milky colored latex widely used in dripping rubber particularly for medical and laboratory gloves. These latexes have excellent properties that include oil resistance and tensile strength among others and this contributes prominently for the significant demand of NBR latex in the healthcare industry.

NBR latex is manufactured using sulphur, phenyl, potassium hydroxide, zinc oxide, potassium laurate, ammonia, catalysts, acrylonitrile, and many more similar chemicals. Major suppliers and manufacturers for raw materials used in the NBR latex industry includes Toronto Research Chemicals, American Elements, Parchem, Linde Gas, Merck KGaA, The Good Scent Company, and Finoric among others.

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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

Regional Snapshots

The Asia Pacific exhibits the highest growth rate during the analysis period because of increasing healthcare spending along with several manufacturers shifting their manufacturing facilities and research & development centers in the region. The region is highly lucrative for the industrial growth as it offers low cost raw materials and labors that significantly reduce the overall manufacturing cost for the industries. For instance, Zeon Corp. announced to expand its production capacity for hydrogenated nitrile rubber at Kawasaki, Japan. The plant manufactures Zetpol HNBR latex that has prominent applications in the fabric and coating glass cord.

Additionally, Thailand, Malaysia, and China are the prominent contributors towards the market growth. This is mainly because of major NBR gloves manufacturers are concentrated in these region. In the wake of same, the countries are the prominent importers of the NBR latex.

On the contrary, North America and Europe are the other important revenue contributors to the NBR latex market. This is mainly due to well-established automotive, healthcare, and electronics industries in the regions. Gloves are prominent protective equipment in a manufacturing industry and the demand for the product is largely dependent on the growth of these industries.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global nitrile butadiene rubber (NBR) latex market are as follows:

  • Versalis S.p.A.
  • LG Chem
  • Zeon Chemicals
  • Jubilant Bhartia Group
  • Kumho Petrochemical
  • OMNOVA Solutions
  • Apcotex Industries Limited
  • Synthomer
  • Nantex
  • Emerald Performance Materials LLC

Market Segmentation

By Application

  • Gloves
    • Industrial
    • Medical
  • Cotton
  • Others

By End-User

  • Healthcare
  • Industrial
  • Food

 Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global nitrile butadiene rubber (NBR) latex market. It examines trends and factors influencing demand for nitrile butadiene rubber (NBR) latex globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for nitrile butadiene rubber (NBR) latex across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on nitrile butadiene rubber (NBR) latex. The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Nitrile Butadiene Rubber (NBR) Latex Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Nitrile Butadiene Rubber (NBR) Latex Market

5.1. Covid-19: Nitrile Butadiene Rubber (NBR) Latex Industry Impact
5.2. Nitrile Butadiene Rubber (NBR) Latex Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Nitrile Butadiene Rubber (NBR) Latex Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Nitrile Butadiene Rubber (NBR) Latex Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Nitrile Butadiene Rubber (NBR) Latex Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Nitrile Butadiene Rubber (NBR) Latex Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Nitrile Butadiene Rubber (NBR) Latex Market Revenue by Manufacturer (2015-2020)
7.1.1.2. Nitrile Butadiene Rubber (NBR) Latex Market Revenue Market Share by Manufacturer (2015-2020)
7.1.1.3. Nitrile Butadiene Rubber (NBR) Latex Market Production by Manufacturer (2015-2020)
7.1.1.4. Nitrile Butadiene Rubber (NBR) Latex Market Production Share by Manufacturer (2015-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Nitrile Butadiene Rubber (NBR) Latex Market, By Application

8.1. Nitrile Butadiene Rubber (NBR) Latex Market, by Application, 2016-2027
8.1.1. Gloves
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.1.2. Market Production and Forecast (2016-2027)
8.1.2. Cotton
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.2.2. Market Production and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.3.2. Market Production and Forecast (2016-2027)

Chapter 9. Global Nitrile Butadiene Rubber (NBR) Latex Market, By End-User

9.1. Nitrile Butadiene Rubber (NBR) Latex Market, by End-User, 2016-2027
9.1.1. Healthcare
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.1.2. Market Consumption and Forecast (2016-2027)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.2.2. Market Consumption and Forecast (2016-2027)
9.1.3. Food
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.3.2. Market Consumption and Forecast (2016-2027)

Chapter 10. Global Nitrile Butadiene Rubber (NBR) Latex Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Production Application (2016-2027)
10.1.2. Market Revenue and Consumption Forecast by End-User (2016-2027)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2016-2027)
10.1.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2016-2027)
10.1.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Production Application (2016-2027)
10.2.2. Market Revenue and Consumption Forecast by End-User (2016-2027)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2016-2027)
10.2.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2016-2027)
10.2.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2016-2027)
10.2.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2016-2027)
10.2.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Application (2016-2027)
10.3.2. Market Revenue and Consumption Forecast by End-User (2016-2027)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2016-2027)
10.3.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2016-2027)
10.3.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2016-2027)
10.3.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2016-2027)
10.3.6.2. Market Revenue and Consumption Forecast (2016-2027)
10.4. LATAM
10.4.1. Market Revenue and Production Application (2016-2027)
10.4.2. Market Revenue and Consumption Forecast by End-User (2016-2027)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2016-2027)
10.4.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2016-2027)
10.4.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Application (2016-2027)
10.5.2. Market Revenue and Consumption Forecast by End-User (2016-2027)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2016-2027)
10.5.3.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2016-2027)
10.5.4.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2016-2027)
10.5.5.2. Market Revenue and Consumption Forecast (2016-2027)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2016-2027)
10.5.6.2. Market Revenue and Consumption Forecast (2016-2027)

Chapter 11. Company Profiles

11.1. Versalis S.p.A.
11.1.1. Company Overview, Business Information, Manufacturing Area
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.1.4. Recent Developments and Strategies
11.2. LG Chem
11.2.1. Company Overview, Business Information, Manufacturing Area
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.2.4. Recent Developments and Strategies
11.3. Zeon Chemicals
11.3.1. Company Overview, Business Information, Manufacturing Area
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.3.4. Recent Developments and Strategies
11.4. Jubilant Bhartia Group
11.4.1. Company Overview, Business Information, Manufacturing Area
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.4.4. Recent Developments and Strategies
11.5. Kumho Petrochemical
11.5.1. Company Overview, Business Information, Manufacturing Area
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.5.4. Recent Developments and Strategies
11.6. OMNOVA Solutions
11.6.1. Company Overview, Business Information, Manufacturing Area
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.6.4. Recent Developments and Strategies
11.7. Apcotex Industries Limited
11.7.1. Company Overview, Business Information, Manufacturing Area
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.7.4. Recent Developments and Strategies
11.8. Synthomer
11.8.1. Company Overview, Business Information, Manufacturing Area
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.8.4. Recent Developments and Strategies
11.9. Nantex
11.9.1. Company Overview, Business Information, Manufacturing Area
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.9.4. Recent Developments and Strategies
11.10. VEmerald Performance Materials LLC
11.10.1. Company Overview, Business Information, Manufacturing Area
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price and Gross Margin (2015-2020)
11.10.4. Recent Developments and Strategies

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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