Published Date: 2021-06-08
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APAC NBR Latex Market size is projected to reach USD 2.97 billion by 2027, according to a latest forecast report by Graphical Research.
Nitrile butadiene rubber latex is a niche market, which has been witnessing rapid growth in all its end-user segments in the past few years. Healthcare is the largest end-user segment in the market in terms of volume and value. NBR latex producing and distributing companies are venturing into new application areas, fueling product demand across its major end-user segments. Dynamics in the healthcare sector in major regions will be primarily influencing NBR latex demand over the forecast timeframe. NBR latex is majorly used in the production of gloves. Gloves are used for medical and non-medical (industrial) purposes. NBR latex has increasingly replaced natural rubber latex in the production of gloves in recent times due to its efficiency & versatility in performance under extreme conditions compared to its other alternatives.
Other applications will have a minimal share in the Asia Pacific market by 2027. However, this application segment will expand at a significant CAGR of 9.3% in the coming years. This can be attributed to the increasing NBR latex acceptance in various industries, which earlier used natural rubber latex. Industries are now gradually shifting to nitrile butadiene rubber latex from natural rubber latex due to the non-allergic advantages offered by the product compared to natural rubber and vinyl latex. Other applications include paper finishing, fabric polishing, and gasket polishing.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Industrial end-users include metalworking, chemicals, mining, automotive, electronics, and other industries. In addition, nitrile butadiene rubber latex gloves are better options in applications that need the use of alcohols, acids, caustics, oils & greases, and chlorinated solvents. The material offers dexterity, sensitivity, and durability. Nitrile latex gloves are used by the cleaning & janitorial staff, line workers, assemblers & fabricators, cafeteria, and first aid.
The APAC NBR latex market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Application
Asia Pacific Market, By End-user
The above information has been provided for the following countries:
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