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Nitrile Butadiene Rubber Latex Market size to reach US$ 4 Bn by 2027

The nitrile butadiene rubber (NBR) latex industry is expected to be the cusp of rapid expansion, in terms of demand and revenue, propelled by rising application scope across the industrial and healthcare sectors. The utility of various forms of nitrile, lately, has not only been restricted to elastomers across the seal industry as they are recording substantial consumption across the automotive and aeronautical sectors to offer excellent temperature resistance. The limitation of ordinary rubbers has also paved the path for their increasing adoption in making fuel and oil handling hoses, grommets, seals, and self-sealing fuel tanks.
One such form of nitrile that has garnered immense popularity in the current times is NBR latex, which is a liquid form of synthetic latex with a milky color. It is largely utilized for dipping rubber for medical and laboratory gloves as well as in the preparation of adhesives on account of its superior tensile strength and oil resistance. It is also incorporated across a gamut of industrial applications, like O-rings, oil seals, gaskets, automotive transmission belts, V belts, hoses, printers’ form rollers, and cable jacketing.
Taking cue of these advancements, estimates have proposed that the global size may exceed a valuation of more than USD 4 billion by 2027.
Penned below are some key trends likely to reshape the future of this business avenue through the coming years:
Multi-application scope of gloves
NBR latex gloves, mainly given their disposable features, have turned into a mainstay across the medical, dental, lab, cleanroom as well as food handling industries. The nitrile gloves are thin and flexible as well as much softer and elastic. They are known to be more resistant to oils and acids as the material resists abrasion and punctures, making it durable for many industrial tasks. The growing utility of low modulus nitrile gloves to offer excellent tactile sensitivity will also drive the market expansion.
The rapid rise in the number of COVID-19 infected individuals lately has also thrust the thriving need for medical gloves to cater to the growing requirements, compelling market players to focus on capacity expansions. For instance, Petronas Chemicals collaborated with LG Chem to establish an NBR plant, whose production is scheduled to start in 2023, in Malaysia to meet the rising gloves demand in the current pandemic.
Growing presence in the industrial sector
On account of their robust abilities to withstand a wide range of temperatures, and superior strength, several nitrile butadiene rubber latex products are considered ideal for the nuclear, automotive, and aeronautical industries. Increasing utility in the production of molded goods, adhesives, footwear, sealants, sponges, floor mats expanded foams, and other covering layers has also significantly added to the product demand in the latest years.
Rising usage in automotive fuel systems, aircraft fuel systems, and off-road equipment & marine fuel systems will also enhance the product application outlook.
Increasing safety requirements in the food industry
Gloves made from NBR latex are extensively used for handling foods in a contaminate-free, safe, and additive-free manner. Nitrile can be touted as one of the safest materials for food contact, owing to the growing use of FDA and HACCP-certified nitrile to offer cleanliness and strength in food processing machinery.
The scaling emphasis by manufacturers to make the gloves comfortable, longer, safer, and easier to apply with wet hands when washed or exposed to sweaty food processing environments is also reinforcing the footprint of the product across the food industry.
To add further, NBR latex is increasingly adopted as a useful material for cleaning, disposable lab, and examination gloves considering its higher resistance to oils and acids over natural rubber. Favorable performance parameters, including good tear & water resistance, superior rebound, and affordability over fluoroelastomers is another impacting factor pushing the market development.
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