Nitrile butadiene rubber is increasingly being utilized in manufacturing gloves that serve both industrial and medical purposes in terms of protection and maintenance of hygiene. The product offers good puncture resistance, chemical inertness, sustainability under high temperature ranges, and durability.
NBR gloves are usually available in medical, food, and industrial grades. The industrial grade is extensively consumed by the packaging, chemicals, electronics, paints & coatings, printing inks and dyes, automotive, and mechanical engineering sectors. The medical grade is utilized in medical device, healthcare, biotechnology, pharmaceutical, and others. Food processing and household are some of the other major applications.
In terms of revenue, the market for NBR in gloves application is estimated to rise at a CAGR of 4.0% over the forecast period. The performance properties of NBR and relatively low cost, makes it suitable for use as a key raw material among other polymeric compounds such as natural rubber and vinyl.
The requirement for NBR gloves is likely to be driven by increasing awareness regarding health & safety of workers as well as stringent government regulations pertaining to occupational hazards. Furthermore, growth of the medical industry particularly in emerging economies of China, India, and Brazil is expected to augment the product demand over the next eight years.
Europe witnessed substantial product demand since the past few years, as a result of increased consumption of nitrile rubber in industrial & medical gloves and automobile sectors. Industrial & medical gloves segment is expected to witness highest growth rates, on the account of the presence of a well-established medical & healthcare industry in the region.
Developed economies in the region including Germany and the UK are likely to depict significant industry growth in terms of product consumption, during the forecast period. However, countries in the eastern part of Europe, especially Russia are expected to witness fast paced market growth by the end of the forecast period. Presence of broad consumer base, coupled with significant government initiatives for the development of healthcare and pharmaceutical industries is estimated to boost the product demand over the years ahead.
Favorable government initiatives in Russia pertaining to the transportation sector since the recent years, is expected to increase the usage of NBR products over the future. Key automotive manufacturers such as Volkswagen, have announced the setup of manufacturing facilities in Russia. Strong end-user growth scenario in the country is considered to propel the consumption of nitrile rubber based products such as O-rings, seals, hoses, cables, protective gloves, belts, and other molded & extruded goods.
Oil & gas industry is one of the important product consumers in Russia. The robust crude oil & petroleum production base in Russia, is expected to increase the usage of NBR in oilfield machineries, hoses, and other related products.
In-depth report on global nitrile butadiene rubber market by Grand View Research:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.