NBR Latex Market Segmentation:
End-User Segment Analysis
The medical segment is estimated to hold 35% share of the global nitrile butadiene rubber latex market in the coming years owing to the increasing number of surgical procedures. Over the previous five years, there has been a steady increase in the number of persons undergoing surgical treatments to save their lives and manage a variety of medical disorders, including infections, cancer, heart disease, obstructed labor, and traumas.
Moreover, owing to the increasing number of surgeries, there is a need for surgical gloves that serve as a barrier to protect patients and healthcare staff from potentially contracting diseases while the patient is undergoing surgery and that can also shield the wearer against damage brought on by harmful substances or medications. All these factors are expected to significantly drive the demand for nitrile butadiene rubber latex which is frequently used in surgical gloves as they possess enough flexibility and adequate tensile strength, making them perfect for doctors who are allergic to latex as they are also powder-and odor-free.
For instance, the anticipated yearly number of procedures required to fulfill the surgical needs of the Indian population was more than 3640, while the global estimate was over 4,000 surgeries per 100,000 individuals.
Additionally, the food & beverage segment in the nitrile butadiene rubber latex market is anticipated to gain a notable revenue share during the forecast timeframe. The food processing sector is changing dramatically, which has raised the need for FDA-approved NBR latex as food and dairy items can be suctioned and discharged with the durability of nitrile rubber which is also present in the majority of food packaging machines, including gable-top packing units.
Application Segment Analysis
Nitrile butadiene rubber latex market from the gloves segment is set to garner a notable share shortly. Industrial safety gloves offer vital hand protection against chemicals, mechanical dangers, and hazards for workers in a variety of industries as they are essential for assuring top efficiency, security, and comfort and are the greatest when it comes to protecting against heat, sparks, and harsh materials as well as cushioning impacts during heavy-duty work tasks, especially in jobs including manufacturing, petrochemical, and oil refining where workers may be exposed to potentially caustic materials.
Our in-depth analysis of the global nitrile butadiene rubber latex market includes the following segments:
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