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Asia Pacific Nitrile Butadiene Rubber (NBR) Latex Market Forecast 2027 by End-user (Industrial, Healthcare & Cleanroom, Food), Application (Gloves [Medical, Industrial]), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: May 2021 | Publisher: Graphical Research Report ID: GR1817 | Delivery : PDF  Request Free Sample

Asia Pacific NBR Latex Market size exceeded USD 1.36 billion in 2020 and is anticipated to expand at over 12.4% CAGR between 2021 and 2027.

Asia Pacific Market, By Application

Asia Pacific NBR Latex Market

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The gloves application segment in the Asia Pacific nitrile butadiene rubber latex market will witness prominent gains of 12.5% during the forecast period. Gloves are widely used across various sectors such as medical, pharmaceutical, industrial, electronics, food, etc. The key purpose of gloves for healthcare professionals and patients is to offer a competent blockade against contaminations. Gloves used by healthcare professionals are single-use for each patient contact and treatment.

The copious accessibility of nitrile and natural rubber has made Asia Pacific one of the prominent regions for the production of gloves. Nations including Indonesia, Thailand, and Malaysia are the top manufacturers of gloves and a large percentage of gloves made in these countries is exported to Europe and North America by major market participants present in the region.

The primary types of medical gloves are surgical and exam. The general exam gloves are most popularly used by healthcare workers and caregivers to guard themselves against infection during any procedure or examination. Surgeons and nurses wear enhanced surgical gloves that are more precisely designed and sized to allow better sensitivity and precision.

Moreover, industrial gloves protect against heat, icy, harm by erosion, chemicals, scraped areas, and maladies. These gloves are made from manufactured materials or normal materials. Nitrile gloves are made from a form of synthetic rubber that is usually resistant to fuel, oil & other chemicals and are not expected to cause any harmful reactions.

Asia Pacific Market, By End-User

Asia Pacific NBR Latex Market

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In terms of volume, the healthcare & cleanroom segment will observe around 12.5% growth rate through 2027. This can be attributed to the widespread usage of nitrile gloves in the healthcare industry for both surgical and examination applications. The food industry will be another important end-user of the NBR latex market. Rising awareness of maintaining proper hygiene conditions in food processing factories will be primarily driving the market demand.

Competitive Industry Landscape

The Asia Pacific nitrile butadiene rubber latex market is highly consolidated. Major companies functioning in the market are Versalis S.p.A., Zeon Chemicals, LG Chem, OMNOVA Solutions, Jubilant Bhartia Group, Apcotex Industries Limited, Synthomer, Kumho Petrochemical, Emerald Performance Materials, and Nantex Industry Co., Ltd.

Frequently Asked Question(FAQ) :

The industry for nitrile butadiene rubber latex in Asia Pacific reached USD 1.35 billion in 2020 and will grow at more than 12.4% CAGR up to 2027.
Asia Pacific industry share from gloves application could grow at a 12.5% CAGR due to increasing demand across healthcare, pharmaceutical, industrial, and food sectors.
The market for nitrile butadiene rubber latex in Asia Pacific from healthcare & cleanroom sector should grow at a 12.5% CAGR through 2027 due to growing application of nitrile gloves for surgical and examination purposes.
LG Chem, Zeon Chemicals, Emerald Performance Materials, OMNOVA Solutions, and Kumho Petrochemical are among the major suppliers of NBR latex in Asia Pacific.

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