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Europe Nitrile Butadiene Rubber (NBR) Latex Market Forecast 2027 by Application (Gloves [Medical, Industrial]), End-user (Industrial, Healthcare & Cleanroom, Food), 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: GR1819 | Delivery : PDF  Request Free Sample

Europe Nitrile Butadiene Rubber Latex Market size crossed USD 62.8 million in 2020 and is set to observe around 7.8% growth rate between 2021 and 2027.

The rising awareness toward hygiene and sanitization due to the prevalence of COVID-19 infection has stimulated the demand for nitrile butadiene rubber latex in Europe. Superior properties of NBR latex, such as oil resistance and high tensile strength, make it a better alternative to natural rubber latex in glove production application. The growing advancement in the pharma & healthcare sector will positively influence the Europe nitrile butadiene rubber latex market revenue.

Europe Market, By Application

Europe NBR Latex Market

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EU has imposed stringent regulations toward food and worker safety. Recent developments in the food processing industry has propelled new potential uses of NBR latex disposable & reusable gloves. During food handling, gloves serve dual purposes of protecting the worker as well as protecting the food from human pathogens such as bacteria and viruses. Its excellent wear resistance, rebound resilience, and mechanical properties make it suitable for wide-ranging applications in the food & beverage industry.

NBR latex is widely used in various industrial verticals including metalworking, chemicals, mining, automotive, electronics, and other such industries. In these industries, NBR latex gloves are used as a protection from various chemical and acid attacks. Product innovation, forward integration in value chain, affordable pricing of nitrile gloves, increased production capacity, geographical expansion plans, and industry consolidations are some of the noteworthy trends witnessed in the market.

Europe Market, By End-user

Europe NBR Latex Market

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The healthcare & cleanroom end-use segment will constitute over 73.6% of the Europe nitrile butadiene rubber (NBR) latex market share by 2027. The region imports a major chunk of its NBR latex from Asian countries. Russia and Ukraine import the majority of their gloves demand from Asian countries including Malaysia, Thailand, and Indonesia. There is a high demand for healthcare facilities in Europe, which will boost gloves demand across the region.

Europe Market, By Country

Several developed nations in Europe, such as Germany, Spain, Italy, and the UK, are facing inflated demand for medical supplies and personal protective equipment since the beginning of the global pandemic. The growing number of COVID-19 patients has brought the countries’ healthcare industry at the brink of collapse owing to the severe undersupply situation. This growing demand-supply gap has compelled the countries to rely on high price imports of NBR latex gloves, mainly from the Asia Pacific region. For instance, in March 2020, Spain signed a multi-million Euro contract with China worth USD 467 million, which includes 11 million pairs of gloves to cater to the propelling demand.

Competitive Industry Landscape

Some of the prominent players operating in the Europe NBR latex market include Synthomer, LG Chem, Versalis S.p.A, Jubilant Group, Zeon Chemicals, Omnova Solutions, Brenntag, etc. The introduction of new production lines and capacity expansions are some of the major strategies adopted by industry players. Market participants are emphasizing on developing innovative technologies and solutions for strengthening their foothold.
 

Frequently Asked Question(FAQ) :

The market size for NBR latex in Europe surpassed USD 62.8 million in 2020 and will grow at around 7.8% CAGR through 2027.
The gloves application segment will grow significantly by 2027 owing to increasing demand from the food processing industry for the use of NBR latex gloves.
The healthcare & cleanroom segment will capture more than 73.6% market share in Europe by 2027 with rising demand from the healthcare facilities.
The market size for NBR latex gloves in Spain will grow significantly by 2027 owing to increasing demand for PPE and medical supplies.

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