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North American NBR Latex Market size to reach $75 Mn by 2027
Published Date: 2021-06-08
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North American NBR Latex Market size is poised to cross USD 75 million by 2027, according to a latest forecast report by Graphical Research.
Increase in capital expenditure by private companies and governments in healthcare infrastructure is likely to boost the technological innovations, which will propel the market growth. High per capita income in North America countries has led to an increase in the individual healthcare spending. The gloves have witnessed strong demand from general population owing to the emergence of epidemics and Covid-19 pandemic. Many industries present in the region are aware of gloves importance as gloves are essentials for workers safety as well as prevention of contamination of product.
The rapidly growing healthcare industry in the Middle East will drive the demand for gloves in the coming years, which will boost market size. Healthcare is the largest end user sector in the market. Rising private and government investments in the healthcare industry will create new market opportunities. Increasing demand for healthcare institutes and clean rooms in the region will positively drive gloves demand. NBR latex, which is widely used in the production of medical and non-medical grade gloves will witness strong demand.
Browse detailed statistical insights from the report, “North America 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” along with the table of contents (ToC) @
Others application segments held around 5% demand share in 2020. Lower demand share in the base year is attributed to increasing demand for NBR latex gloves in the healthcare sector. Consumers are shifting their preference toward NBR latex due to their superior properties such as non-allergic advantage over alternatives. Other applications include polishing of fabrics and gaskets, emulsion binder in adhesives formulations, paper finishing, etc.
Nitrile butadiene rubber latex is also used in many industries apart from healthcare such as chemicals, mining, automotive, metalworking, electronics, etc. Nitrile butadiene rubber latex gloves offer better protection against caustics, alcohols, oil & greases, acids, and solvents; thus, NBR latex gloves are witnessing increasing penetration from other end user industries. The industrial segment held around 15% revenue share in 2020.
The North American NBR latex industry 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:
North America Market, By Application
North America Market, By End-user
- Healthcare and cleanroom
The above information has been provided for the following countries:
- North America