Reports - Nitrile Butadiene Rubber Latex Market
Nitrile Butadiene Rubber Latex Market Size, Share & Trends Analysis Report by Application (Gloves, Cotton, Other Applications), by End-User (Healthcare, Industrial, Food), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
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USD 2.44 Billion
USD 4.695 Billion
6.15%
North America
Asia Pacific
2024
2021 - 2023
2025 - 2035
By Application, By End User, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
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The global Nitrile Butadiene Rubber Latex Market is valued at USD 2.44 Billion in 2024 and is projected to reach a value of USD 4.695 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 6.15% between 2025 and 2035.
The growth of the market is due to the fact that the construction and auto industries are using more NBR latex. Also, the market for NBR latex is expected to grow during the forecast period because the number of people living in emerging economies is growing and their disposable income is rising. The U.S. government has put out many rules for the Nitrile Butadiene Rubber Latex (NBR) market in 2021. There is a final rule about classifying NBR as a strategic material, and there is a proposed rule about setting a maximum price that NBR imports can be sold for. On February 8, 2021, the proposed rule to set a maximum price for NBR imports was published in the Federal Register. This proposal would establish a maximum price that could be charged for imports of NBR into the United States. The goal of this proposal is to protect NBR producers in the U.S. from unfair competition from products made in other countries. This proposed rule is currently open for public comment. The Federal Register published the final rule on how to classify NBR as strategic material on January 13, 2021. Under Executive Order 13817, this rule says that NBR is a "critical material." This means that the federal government has to take action to make sure there is enough of these "critical materials." Under this order, the Department of Commerce will come up with a plan to make more NBR in the United States and import it less.
The largest market for NBR latex is in Asia and the Pacific, followed by North America and Europe. The Asia-Pacific region is expected to account for more than 50% of the global NBR latex market in 2024. During the time frame of the forecast, the construction industry is expected to use the most NBR latex. The Asia-Pacific region is projected to be the largest consumer of NBR latex during the forecast period due to the increasing construction activities in China and India. The automotive industry is another major consumer of NBR latex. The North American region is projected to be the largest consumer of NBR latex owing to the presence of a large number of automotive manufacturing companies in this region. The rising demand for Nitrile Butadiene Rubber Latex gloves from the healthcare industry is expected to drive market growth. Gloves made from Nitrile Butadiene Rubber Latex are widely used in hospitals and clinics as they offer excellent protection against blood-borne diseases and other infections. In addition, Nitrile Butadiene Rubber Latex gloves are also resistant to a variety of chemicals, making them an ideal choice for use in laboratories and other industrial applications. The growth of the Nitrile Butadiene Rubber Latex Market is primarily driven by the increasing demand from the automotive industry. Nitrile Butadiene Rubber Latex is used in automotive parts like gaskets, seals, and hoses because it is resistant to oil and fuel.
The Chinese governments efforts to promote hygiene and safety in the healthcare sector are expected to boost market growth in the country. The global market for Nitrile Butadiene Rubber Latex is now being hindered by several different factors. These include the increase in the pricing of raw materials, the volatility in the prices of crude oil, and the rigorous rules regarding the environment. In addition to this, the entrance of new companies into the market is also providing a challenge for the players who are already there. In 2021, the U.S. Environmental Protection Agency (EPA) issued a final rule that banned the use of Nitrile Butadiene Rubber Latex in childrens toys and products due to potential allergic reactions. The high cost of manufacture is one of the primary factors that prevents Nitrile Butadiene Rubber Latex from dominating the market. This is due to the products manufacturing process involving the use of expensive raw materials as well as labor-intensive steps. In addition, Nitrile Butadiene Rubber Latex is a synthetic rubber, and as a result, it faces intense competition from other natural rubbers, such as latex, which are available at lower prices.
Impact of COVID-19 on the Nitrile Butadiene Rubber Latex Market
The COVID-19 pandemic outbreak has had several effects on the global market for Nitrile Butadiene Rubber Latex. These effects can be broken down into several categories. First, there has been a significant drop in the demand for latex gloves as a result of the lockdown measures that have been taken by governments all over the world. This is because many firms have been compelled to close. Because of this, the costs of Nitrile Butadiene Rubber Latex have gone through the roof because of an excess on the market brought about by the decreased demand. Second, as a result of the epidemic, many nations have limited travel and closed their borders, which has made it difficult for suppliers of Nitrile Butadiene Rubber Latex to fulfill their delivery obligations. Because of this, it has become more challenging for suppliers to obtain raw materials and convey finished products to their respective clients. Last but not least, as a consequence of the COVID-19 pandemic, industrial facilities have seen a decline in the percentage of their capacities that are being utilized due to the implementation of social isolation precautions. This has increased the costs of production, which will almost certainly be passed on to customers in the form of higher pricing.
Top Market Trends
Market Segmentation
The Global Nitrile Butadiene Rubber Latex Market is segmented based on Application, End User, and Region. Based on the Application the market is segmented into Gloves, Cotton, and Other Applications. The market for Nitrile Butadiene Rubber Latex is further divided into several categories based on End User, including Healthcare, Industry, and Food. The market for Nitrile Butadiene Rubber Latex is further divided according to region, which is further broken down into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.
Based on Application
The gloves segment is expected to grow at the highest CAGR during the forecast period. The increased use of gloves in the food industry and the healthcare sector is driving the growth of this segment. The cotton segment is expected to grow at the second highest CAGR during the forecast period. The increased use of cotton in the textile industry is driving the growth of this segment. The other products segment is expected to grow at a moderate CAGR during the forecast period. The increased use of nitrile butadiene in other applications such as adhesives, sealants, and coatings is driving the growth of this segment. For the projection period, it is also anticipated that the condom market would expand at a significant rate. Some of the factors that are predicted to fuel the growth of this market segment include the increasing awareness about sexually transmitted diseases and the availability of flavored condoms. Other factors include the availability of flavored condoms. Throughout the projected period, it is also anticipated that the catheter segment would rise at a strong pace. It is anticipated that there will be a rise in demand for catheters as a result of the rising prevalence of urological illnesses and urinary tract infections.
Based on End User
The Healthcare sector is the largest consumer of Nitrile Butadiene Rubber Latex, followed by the food industry and industrial sector. The healthcare industry is forecast to grow at a CAGR of 5.5% during the forecast period. The food and beverage industry is expected to witness a CAGR of 4.5% in the same period. Healthcare and food are the two major end-users of nitrile butadiene. The material is widely used in gloves, tubing, and other medical equipment. It is also used in food packaging and processing due to its superior properties such as resistance to grease, oils, and chemicals. The industrial sector is the third-largest consumer of Nitrile Butadiene Rubber Latex due to its use in various industrial applications such as gaskets, seals, and hoses. Products including condoms, catheters, blood bags, and tourniquets are included under the medical section. The glove market can be broken down even further into three subcategories: labor gloves, household gloves, and surgical gloves. Paints and coatings, aeronautics, and adhesives and sealants make up the remaining parts of the market.
Based on Region
North America: The United States and Canada are the major countries contributing to the Nitrile Butadiene Rubber Latex Market growth in this region. The US is one of the largest consumers as well as producers of synthetic rubber. The production of synthetic rubber in the US is expected to grow at a CAGR of 3.5% during the forecast period. The demand for Nitrile Butadiene Rubber Latex is also increasing due to its growing applications in various industries, such as automotive, construction, and healthcare. Europe: Germany, France, Italy, Spain, and the UK are some of the major countries contributing to the Nitrile Butadiene Rubber Latex Market growth in Europe. The production of synthetic rubber in Europe is expected to grow at a CAGR of 2.5% during the forecast period. Increasing demand for passenger cars and commercial vehicles is resulting in increased production of tires, which is driving the growth of the Nitrile Butadiene Rubber Latex Market in this region. Asia Pacific: China, India, Japan, South Korea, and Australia are some of the major countries contributing to the Nitrile Butadiene Rubber Latex Market growth in Asia Pacific. Asia Pacific is the fastest-growing market for Nitrile Butadiene Rubber Latex and is expected to grow at a CAGR of 6.2% during the forecast period. China and India are the major contributors to the growth of this market due to the increasing demand from various end-use industries such as automotive and healthcare. Latin America is expected to grow at a CAGR of 4.8% from 2022 to 2028. The growing demand for Nitrile Butadiene Rubber Latex from the automotive and construction industries in Brazil and Mexico is expected to drive the growth of the Nitrile Butadiene Rubber Latex Market in Latin America. The Middle East & Africa is expected to witness slow growth during the forecast period. The low per capita income and lack of awareness about Nitrile Butadiene Rubber Latex in this region are some of the factors restraining the growth of the Nitrile Butadiene Rubber Latex Market in this region.
Competitive Landscape
The key players in the Global Nitrile Butadiene Rubber Latex Market include- B. Braun Melsungen AG and others.
Recent Advancements
Segmentation of the Global Nitrile Butadiene Rubber Latex Market:
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Segment Covered | By Application
By End User
By Region
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