According to the research report titled ‘Asia Pacific Nitrile Butadiene Rubber Latex Market Forecast 2027 by End-user, Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific nitrile butadiene rubber latex market is expected to record a healthy growth rate over the forecast period 2017-2027.
 

As per the report findings, surging demand for superior-quality latex gloves owing to the ongoing COVID-19 pandemic is the primary factor driving Asia Pacific nitrile butadiene rubber latex market growth. Additionally, launch of innovative and specialized products by manufacturers is also likely to promote industry expansion over the assessment period.
 

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Notably, nitrile butadiene rubber (NBR) latex offers optimum performance under extreme conditions and is replacing natural rubber latex at a fast pace, especially on the gloves front.
 

Based on application spectrum, the industry is classified into gloves (medical, industrial), and others. Among these, gloves segment is poised to grow at 12.5% CAGR through 2027, mainly due to the versatile nature of the product. NBR latex gloves are used across several verticals including medical, food, electronics, pharmaceutical, and industrial. Additionally, the COVID-19 pandemic has triggered the demand for single-use gloves, which can curb the risk of contagion during check-ups and treatment.
 

By end-user scope, Asia Pacific nitrile butadiene rubber latex market segmentation comprises healthcare & cleanroom, industrial, and food. The healthcare & cleanroom segment is slated to witness 12.5% CAGR over the forecast period, owing to preference for single-use gloves among healthcare practitioners for surgical procedures and patient examination.
 

On the regional front, Malaysia, Thailand, and Indonesia currently account for a major industry share, owing to abundant availability of nitrile and natural rubber in these nations. Notably, countries from the APAC region export a large volume of gloves to Europe and North America, which will further bolster the regional outlook in the forecast period.
 

Speaking of competitive landscape, Shin Foong Specialty and Applied Materials Co. Ltd., Bangkok Synthetics Co. Ltd., Apcotex Industries Ltd., Nantex Industry Co. Ltd., Synthomer plc, Kumho Petrochemical Co. Ltd., Omnova Solutions Inc., Zeon Chemicals L.P., Jubilant Bhartia Group, Versalis S.p.A., and LG Chem Ltd. are the prominent companies influencing Asia Pacific nitrile butadiene rubber latex market.