North America Hydrophobic Coatings Market Revenue to Exceed USD 525 Million by 2026

With innovative product ranges including cut-resistant gloves making a debut frequently in the market, North America the nitrile butadiene rubber latex market forecast is set to gain considerable momentum up to 2027. One of the major factors driving growth is the increased per capita incomes of Americans, which is reflected in their rising individual healthcare spending. The emergence of the COVID-19 pandemic has encouraged regular adoption of latex gloves by common people and medical professionals alike.
 
Supported by the expanding capital expenditure from both public and private entities, the nitrile butadiene rubber latex industry size is expected to cross $75 million through 2027. The product is used in the production of both non-medical and medical grade gloves. The healthcare industry is likely to emerge among the largest end-users of NBR latex in North America.
 
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In terms of application, North America the nitrile butadiene rubber latex market has been bifurcated into industrial and medical gloves. The medical gloves segment is poised for maximum expansion through the next six years, triggered by the outbreak of COVID-19 and the hovering threats of future healthcare emergencies. Being an integral tool in the medical sector, gloves are extensively utilized across research labs, clean rooms, and laboratories for ensuring protection from a host of hazards.

 
North America the nitrile butadiene rubber latex market share from medical gloves segment is projected to register a CAGR of more than 8% through 2027. Rising healthcare expenditure is likely to generate continuous consumption of these products across ambulatory surgical centers, hospitals, and clinics even after the COVID-19 pandemic. Apart from the medical staff, a surging number of common people have also been adopting latex gloves to ensure optimal safety in the light of the contagion.
 
During 2020, the U.S. nitrile butadiene rubber latex market size was estimated to hold nearly 75% of the total regional share. The nation is expected to maintain the trend through the next few years, powered by the augmented demand from the healthcare industry on the one hand, and the robust industrialization on the other. The U.S. leads North American countries in terms of healthcare spending as well as healthcare product consumption.
 
For instance, as per the National Health Expenditure Accounts (NHEA), the national healthcare spending grew by 4.6% during 2019, accounting for nearly $11,582 per person. As a portion of the National Gross Domestic Product (GDP), healthcare spending represented about 17.7% in the U.S. during the same year. The growing healthcare expenditure is expected to translate to enhanced opportunities for the North America the nitrile butadiene rubber latex market.
 
 
The superior properties of nitrile butadiene rubber latex render the material an ideal choice for a variety of applications including emulsion binder, polishing of gaskets and fabrics, paper finishing, and adhesive formulation, amongst several other. As such, the other applications represented over 5% of the total North America market share during 2020. Versalis S.p.A., Kumho Petrochemicals, LG Chem, Synthomer, and Jubilant Bhartia Group are some leading NBR latex manufacturers and suppliers in North America.
 
Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope
1.1    Research Methodology
1.2    Market estimation & forecast parameters
1.3    List of Data sources
1.3.1    Primary
1.3.2    Secondary

Chapter 2   Executive Summary
2.1    North America NBR latex market snapshot

Chapter 3   NA NBR Latex Industry Insights
3.1    Industry coverage
3.2    Industry size and forecast, 2017 - 2027
3.3    Industry ecosystem analysis
3.3.1    Vendor matrix
3.4    Future trends
3.4.1    Innovation Landscape
3.5    Raw material analysis
3.6    Regulatory norms & directives
3.7    Drivers & restraints
3.7.1    Drivers
3.7.2    Restraints
3.8    End-user growth mapping
3.9    Industry analysis: Porter’s
3.10    Competitive benchmarking
3.10.1    Strategy dashboard
3.11    PEST analysis

 
About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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