Nitrile butadiene rubber market forecast at 10 billion by 2036

Pune, India – Research Nester’s recent market research analysis on “Nitrile Butadiene Rubber (NBR) Latex Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global nitrile butadiene rubber (NBR) latex market in terms of market segmentation by type, end-user, application, and by region.

The global nitrile butadiene rubber (NBR) latex market is estimated to grow majorly on account of the increasing demand from aeronautical sector. Nitrile butadiene rubber (NBR), is utilized in the aerospace and aviation industries to produce fuel and oil handling hose seals which is utilized to fill the gaps between mating surfaces on commercial boats and aircraft in the aerospace and aviation industries, assist in stopping the spread of fire or flames in the aircraft engine, and avoiding the infiltration of water or dust.

Some of the major growth factors and challenges that are associated with the growth of the global nitrile butadiene rubber (NBR) latex market are:
Growth Drivers include Surge in Demand for Automobiles Globally and Rising Food & Beverage Sector.

The complex and time consuming process of producing nitrile butadiene rubber (NBR) latex, and the stringent regulations developed by the government of nations worldwide are some of the major factors anticipated to hamper the global market size of nitrile butadiene rubber (NBR) latex. The process of manufacturing NBR, known as emulsion polymerization, can be a complicated and time-consuming procedure because it requires appropriate control and management which are necessary to guarantee the product’s quality.

By end-user, the global nitrile butadiene rubber (NBR) latex market is segmented into automotive & transportation, building & construction, industrial, medical, and food & beverage. The medical segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Surgical gloves are also required as they act as a barrier to prevent patients and medical personnel from harm caused by dangerous substances or medications. This has led to an increase in the demand for nitrile butadiene rubber (NBR) latex, which is widely used in surgical gloves as it is powder-and odor-free.

By region, the Europe nitrile butadiene rubber (NBR) latex market is to generate the highest revenue by the end of 2036. This growth is anticipated by growing food & beverage sector in the region. Particularly in the past ten years, the size of the food and beverage business has expanded significantly in Europe which generated over €43 billion in revenue by 2022. This is expected to increase the demand for NBR latex in the food & beverage industry as quality seals are essential for the effectiveness of a food processing operation to ensure food safety.

Additionally, Europe has a well-established healthcare industry that has made great progress in healthcare in recent years. As a result, the demand for nitrile butadiene rubber (NBR) latex-based products such as medical gloves, and medical tubing is expected to rise in the region owing to their properties including high resistance to chemicals. Besides this, the healthcare sector is increasingly focusing on maintaining hygiene standards to ensure the safety of patients and medical professionals which is expected to drive the demand for NBR latex in the region.

Furthermore, the market in North America is anticipated to hold the second largest, during the forecast timeframe on the account of rising chemical sector. One of the major countries in the world producers of chemical products is the United States that consists of four independent parts: consumer products, basic chemicals, specialized chemicals, and agricultural chemicals which caters to a growing international market in addition to a substantial home market. This is expected to increase the demand for NBR latex in the region since it used for the production of several chemical-resistant products such as hoses and seals.

Access the detailed report at: https://www.researchnester.com/reports/nitrile-butadiene-rubber-latex-market/5380