September 16, 2021
According to the research report titled ‘Europe Nitrile Butadiene Rubber Latex Market Forecast 2027 by Application, End-user, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Europe nitrile butadiene rubber latex market valuation is touted to reach USD 102 million over 2017-2027.
As cited by the report, rising focus towards health and hygiene with the onslaught of the COVID-19 pandemic, and growing demand for high performance gloves in healthcare vertical are providing a major impetus to Europe nitrile butadiene rubber latex market growth.
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Furthermore, factors such as high number of surgeries in clinics and specialized hospitals, as well as rising government expenditure towards construction of cutting-edge healthcare infrastructure throughout Europe will further propel market development.
Notably, the World Health Organization (WHO), and European Medicines Agency have issued regulations for compulsory use of personal protective equipment (PPE) kits for all healthcare workers, thus boosting the overall industry outlook. Moreover, implementation of various EU directives such as the OSHA worker safety norms is likely to create substantial opportunities for industry partakers over the assessment period.
Based on application ambit, Europe nitrile butadiene rubber (NBR) latex market is classified into gloves, (industrial, medical), and others. Among these, industrial gloves segment is expected to capture a substantial chunk of the market share by 2027, owing to high tensile strength, oil resistance, and non-allergic features of the gloves. Besides, steady expansion of chemical manufacturing, automotive, energy, aerospace, and metal fabrication sectors will also impel the product demand.
Moving on to end user scope, the marketplace is split into healthcare & cleanroom, industrial, food. The healthcare & cleanroom segment is expected to account for 73.6% industry share over the analysis timeframe.
Considering the geographical outlook, the research literature spans across Germany, Russia, U.K., France, Spain, and Italy. Countries like Russia and Ukraine have been increasingly importing NBR latex gloves over the past few years from Thailand, Indonesia, and Malaysia, signifying the surging product demand and high potential over the coming years.
Key players in Europe nitrile butadiene rubber latex industry sphere are Brenntag SE, Synthomer plc, Omnova Solutions Inc., Zeon Chemicals L.P., Jubilant Bhartia Group, Versalis S.p.A., and LG Chem Ltd.