Press release
Nitrile Butadiene Rubber Latex Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2026
Nitrile Butadiene Rubber Latex Market
Advantageous characteristics of NBR latex gloves like high tensile strength and excellent wear ability are the key factors responsible for high product demand. Moreover, expanding patient pool on account of COVID-19 outbreak will further fuel product demand for medical application in the coming years. Estimates suggests that nitrile butadiene rubber latex market size will exceed USD 2.5 billion worldwide in terms of annual revenues by 2026.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2881
Demand from medical applications
Nitrile butadiene rubber latex is used to manufacture medical grade gloves at large due to high wear and tear resistance, durability and abrasion resistance properties. In 2017, medical application held the largest share in nitrile butadiene rubber latex market and is expected to showcase significant growth rate on account of growing prevalence of infectious diseases like SARS and COVID-19.
Expansion of healthcare and pharmaceutical industries across the globe will also bolster the demand for medical gloves and the trend is likely to continue, with increased investments by global pharma and healthcare companies to offer best-in-class service to patients.
Increasing focus on worker safety
NBR latex is resistant to many chemicals and to petroleum-based products in particular, which makes it an effective material for safeguarding workers while handling hazardous substances. Industrial gloves demand is likely to grow at a significant rate in the coming years on account of growing worker safety concerns in the manufacturing industries along with establishment of worker safety law by governments across the globe.
Request for customization @ https://www.gminsights.com/roc/2881
Raw material and low labor costs in APAC region
Asia Pacific nitrile butadiene rubber latex market size will grow at a considerable rate on account of easy availability of cheap raw material in the region. Expansion of industrial bases across the region will augment product demand. Presence of key manufacturers in the region may also boost product availability and competitiveness.
Moreover, lenient environment regulations and labor laws compared to the North America and Europe and cost competitive labor may favor regional outlook.
High product cost as a constraint
Higher product cost as compared to alternatives available in the market may restrict product adoption to some extent over the next few years. The basic raw material of NBR latex is naphtha, which is sourced from the crude oil. Exponential rise or fall in crude oil prices may negatively impact nitrile butadiene rubber latex prices in the forthcoming years.
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nitrile Butadiene Rubber Latex Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2026 here
News-ID: 2109596 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Nitrile
How To Hydrogenated Nitrile Rubber (HNBR) Manufacturing
Hydrogenated nitrile rubber (HNBR) is a high-performance synthetic elastomer known for its exceptional properties. It is derived from nitrile rubber (NBR) through hydrogenation and exhibits superior mechanical properties, including enhanced tensile strength, improved abrasion resistance, and excellent thermal stability. It is available in different grades, including standard, partially hydrogenated, and fully hydrogenated variations, each offering specific levels of performance based on hydrogenation levels. It is widely used in automotive components,…
Nitrile Rubber Price Trend: Comprehensive Analysis
Nitrile rubber is a synthetic rubber known for its excellent resistance to oils, fuels, and other chemicals. It has a range of applications across diverse industries, including:
Automotive: Used in the manufacturing of seals, hoses, and gaskets due to its oil resistance and durability.
Healthcare: Widely used for disposable gloves, especially in medical and laboratory settings, as it is an effective barrier against chemicals and pathogens.
Industrial Manufacturing: Employed in the production of…
Middle High Nitrile Nitrile Butadiene Rubber (HNBR) Market Growth Status and Ou …
Global Info Research announces the release of the report "Global Middle High Nitrile Nitrile Butadiene Rubber (HNBR) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and…
High Nitrile Nitrile Butadiene Rubber (HNBR) Market Size,Volume,Revenue Trends …
Global Info Research announces the release of the report "Global High Nitrile Nitrile Butadiene Rubber (HNBR) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product…
A Startling Fact About Nitrile Gloves Market
Fairfield Market Research offers a complete understanding of the Global Nitrile Gloves Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the report…
Disposable Nitrile Gloves Market analysis report- with Leading players, Applicat …
Disposable Nitrile Gloves Market
The Disposable Nitrile Gloves Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Disposable Nitrile Gloves Market report has been collated in order to provide guidance and direction to the companies and individuals interested…
