Nitrile Butadiene Rubber Latex Market Size

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

Nitrile Butadiene Rubber Latex Market Size

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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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.
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