According to the research report titled ‘North America Nitrile Butadiene Rubber Latex Market Forecast 2027 by Application, By End-user, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, North America nitrile butadiene rubber latex market is estimated to be worth USD 75 million by the year 2027.
 

Rising per capita income, and subsequent increase in healthcare spending are the major factors driving North America nitrile butadiene rubber latex market growth. Surging adoption of latex gloves by medical professionals as well as common people due to outbreak of the COVID-19 pandemic is also fueling the industry development.
 

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Additionally, increasing product innovations & launches such as cut resistant gloves, and heavy capital investments by private as well as public entities are also bolstering the business outlook.
 

Based on application, the industry is classified into gloves (medical, industrial) and others. The medical gloves segment is poised to register 8% CAGR over the next six years, driven by the COVID-19 pandemic, and contingency of future healthcare emergencies. These gloves are mainly used in clean rooms, research labs, and laboratories for protection against health hazards.
 

Considering end user spectrum, North America nitrile butadiene rubber latex marketplace is arrayed into food, healthcare & cleanroom, and industrial. Among these, healthcare segment is expected to grow at a substantial rate over the assessment period.
 

From a regional frame of reference, the U.S. accounted for 75% of the total market share in 2020 and is estimated to follow a similar trend over the study period, owing to augmented demand from the healthcare vertical, coupled with robust industrialization. As per the National Health Expenditure Accounts (NHEA), national healthcare spending grew by 4.6% during 2019, amounting to nearly USD 11,582 per person. Thus, growing expenditure on healthcare will positively sway the regional market outlook in the forthcoming period.
 

Major contenders in North America nitrile butadiene rubber latex market sphere are Bangkok Synthetics Co. Ltd., Emerald Performance Materials LLC, Synthomer plc, Kumho Petrochemical Co. Ltd., Omnova Solutions Inc., Zeon Chemicals L.P., Jubilant Bhartia Group, Versalis S.p.A., and LG Chem Ltd.