Nitrile Butadiene Rubber (NBR) Latex Market Size & Share, by Type (Bimodal, Liquid, Carboxylated); End-User (Automotive & Transportation, Building & Construction, Industrial, Medical, Food & Beverage); Application (O-rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves (Industrial, Medical), Cotton) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5380
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Nitrile Butadiene Rubber Latex Market size was over USD 3.15 billion in 2024 and is likely to cross USD 11.67 billion by the end of 2037, witnessing more than 10.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nitrile butadiene rubber latex is estimated at USD 3.42 billion.

The reason behind the growth is due to the rising spending in the medical sector. NBR latex is a synthetic material with a milky color that is used extensively in the medical and pharmaceutical industries for both surgical and examination purposes as it is stronger and more resilient and is typically more skin-friendly. According to the OECD Health Statistics 2023, preliminary estimates for a group of 20 countries indicate that health spending increased by almost 6% on average in 2021.

The growing awareness regarding the safety of employees in the workplace is also believed to fuel NBR latex market growth. The market for industrial protective gloves will expand as a result of increased awareness of workplace safety as organizations are focusing more on training efforts that educate employees about the importance of wearing protective gloves and other safety procedures that can boost their confidence and protect them from potentially harmful job conditions.


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Nitrile Butadiene Rubber Latex Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Usage in the Food & Beverage Sector – Nitrile gloves' composition makes them incredibly adaptable and ideal for the food processing industry since many packaged food companies require line workers to wear latex gloves as they are insensitivity to temperature, and are in compliance with FDA and HACCP certifications for food safety.
  • Growing Sales of Electric Vehicles- Since batteries are essential components of electric cars and nitrile butadiene rubber can be used to control dashboard vents and battery temperature, it is anticipated that the need for large-sized seals in batteries will increase as the nitrile butadiene rubber latex market for these vehicles expands. For instance, Global sales of electric vehicles exceeded 9 million in 2022.
  • Spiking Usage in the Aeronautical Sector- Nitrile butadiene rubber is used in aeronautical manufacturing to make fuel and oil handling hoses owing to its stability at high temperatures which makes it an ideal material for aeronautical applications.
  • Expanding Application in Footwear- A series of unsaturated copolymers of 2-propionitrile known as nitrile butadiene rubber is also used to make footwear and components such as shoe soles.

Challenges

  • Time Consuming Production Procedure - Emulsion polymerization is the method used to create NBR, which uses an emulsifier to emulsify hydrophobic polymers. This is a somewhat complex and time-consuming process because many colloidal phenomena work in tandem with free radical polymerization mechanisms to influence the nucleation, growth, and stabilization of polymer particles, which requires proper control and management to ensure product quality. 
  • Stringent Regulatory Policies Regarding Emissions and Disposal of Waste
  • Fluctuating Prices of Raw Materials such as Butadiene and Acrylonitrile Can Affect the Overall Cost of Production

Nitrile Butadiene Rubber Latex Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

10.6%

Base Year Market Size (2024)

USD 3.15 billion

Forecast Year Market Size (2037)

USD 11.67 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Nitrile Butadiene Rubber (NBR) Latex Segmentation

End-User (Automotive & Transportation, Building & Construction, Industrial, Medical, Food & Beverage)

The medical segment is estimated to hold 35% share of the global nitrile butadiene rubber latex market in the coming years owing to the increasing number of surgical procedures. Over the previous five years, there has been a steady increase in the number of persons undergoing surgical treatments to save their lives and manage a variety of medical disorders, including infections, cancer, heart disease, obstructed labor, and traumas.

Moreover, owing to the increasing number of surgeries, there is a need for surgical gloves that serve as a barrier to protect patients and healthcare staff from potentially contracting diseases while the patient is undergoing surgery and that can also shield the wearer against damage brought on by harmful substances or medications. All these factors are expected to significantly drive the demand for nitrile butadiene rubber latex which is frequently used in surgical gloves as they possess enough flexibility and adequate tensile strength, making them perfect for doctors who are allergic to latex as they are also powder-and odor-free.

For instance, the anticipated yearly number of procedures required to fulfill the surgical needs of the Indian population was more than 3640, while the global estimate was over 4,000 surgeries per 100,000 individuals.

Additionally, the food & beverage segment in the nitrile butadiene rubber latex market is anticipated to gain a notable revenue share during the forecast timeframe. The food processing sector is changing dramatically, which has raised the need for FDA-approved NBR latex as food and dairy items can be suctioned and discharged with the durability of nitrile rubber which is also present in the majority of food packaging machines, including gable-top packing units.

Application (O-rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves (Industrial, Medical), Cotton)

Nitrile butadiene rubber latex market from the gloves segment is set to garner a notable share shortly. Industrial safety gloves offer vital hand protection against chemicals, mechanical dangers, and hazards for workers in a variety of industries as they are essential for assuring top efficiency, security, and comfort and are the greatest when it comes to protecting against heat, sparks, and harsh materials as well as cushioning impacts during heavy-duty work tasks, especially in jobs including manufacturing, petrochemical, and oil refining where workers may be exposed to potentially caustic materials.

Our in-depth analysis of the global nitrile butadiene rubber latex market includes the following segments:

          Type

  • Bimodal
  • Liquid
  • Carboxylated

          End-User

  • Automotive & Transportation
  • Building & Construction
  • Industrial
  •  Medical
  • Food & Beverage

          Application

  • O-rings & Seals
  •  Hoses, Belts & Cables
  • Molded & Extruded Products
  • Adhesives & Sealants
  •  Gloves (Industrial, Medical)
  • Cotton

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NBR Latex Industry- Regional Synopsis

APAC Market Forecast

Nitrile butadiene rubber latex market in Asia Pacific is predicted to account for the largest share of 51% by 2037 propelled by the rapid urbanization. Modern cities are the result of fast industrialization as the most important demographic shift of the modern era is the migration of people from rural to urban areas. This is expected to increase the demand for nitrile butadiene rubber latex in the region as it can be utilized in industrialized production to offer exceptional performance and environmental friendliness. According to estimates, in India, more than 460 million people live in urban areas and the figure is increasing annually by over 2%.

North American Market Statistics

The North America nitrile butadiene rubber latex market is estimated to be the second largest, during the forecast period led by the presence of well-established healthcare infrastructure. The United States (US) has one of the most intricate healthcare systems globally which is primarily supplied by private sector healthcare facilities. As a result, the demand for NBR latex may rise in the region as they cater to a broad spectrum of healthcare applications.

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Companies Dominating the Nitrile Butadiene Rubber (NBR) Latex Market

    • Omnova Solutions Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Kumho Petrochemical Co., Ltd.
    • LG Chem Ltd.
    • Zeon Chemicals L.P.
    • Lanxess AG
    • Nantex Industry Co., Ltd.
    • Emerald Performance Materials, LLC,
    • Versalis S.p.A.
    • JSR Corporation
    • Dow Chemical Company
    •  Eastman Chemical Company
    • PetroChina Company Limited
    • Sibur International GmbH
    • ARLANXEO Holding B.V.
    • Synthomer P.L.C

In the News

  • Kumho Petrochemical Co., Ltd. together with Hankook Tire & Technology (Hankook Tire) announced to creation of environmentally friendly tires using Eco Solution-polymerized Styrene-Butadiene Rubber that increases tyres resistance to wear and fuel efficiency.
  • Lanxess AG teamed up with TotalEnergies for the supply of biocircular styrene which is mostly used in the food sector, for treating chemical process flows and effluent and also to meet the growing demand for sustainable solutions from consumers.

Author Credits:  Rajrani Baghel


  • Report ID: 5380
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of nitrile butadiene rubber latex is estimated at USD 3.42 billion.

The nitrile butadiene rubber latex market size was over USD 3.15 billion in 2024 and is likely to cross USD 11.67 billion by the end of 2037, witnessing more than 10.6% CAGR during the forecast period i.e., between 2025-2037. Rising spending in medical sector and the growing awareness regarding the safety of employees in the workplace will drive the market growth.

Asia Pacific industry is estimated to dominate majority revenue share 51% by 2037, propelled by rapid urbanization in the region.

The major players in the market are Zeon Chemicals L.P., Lanxess AG, Nantex Industry Co., Ltd., Emerald Performance Materials, LLC, Versalis S.p.A., JSR Corporation, Dow Chemical Company, Eastman Chemical Company, PetroChina Company Limited, Sibur International GmbH, and ARLANXEO Holding B.V., Omnova Solutions Inc., Kumho Petrochemical Co., Ltd., LG Chem Ltd.
Nitrile Butadiene Rubber Latex Market Report Scope
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