Nitrile Butadiene Rubber Latex Market Share

APAC Market Forecast

Nitrile butadiene rubber latex market in Asia Pacific is predicted to account for the largest share of 51% by 2036 propelled by the rapid urbanization. Modern cities are the result of fast industrialization as the most important demographic shift of the modern era is the migration of people from rural to urban areas. This is expected to increase the demand for nitrile butadiene rubber latex in the region as it can be utilized in industrialized production to offer exceptional performance and environmental friendliness. According to estimates, in India, more than 460 million people live in urban areas and the figure is increasing annually by over 2%.

North American Market Statistics

The North America nitrile butadiene rubber latex market is estimated to be the second largest, during the forecast period led by the presence of well-established healthcare infrastructure. The United States (US) has one of the most intricate healthcare systems globally which is primarily supplied by private sector healthcare facilities. As a result, the demand for NBR latex may rise in the region as they cater to a broad spectrum of healthcare applications.