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The global nitrile rubber market is expected to reach USD 3.48 Billion by 2030, according to a new report by Reports and Data. Nitrile rubber finds application in the automotive industry and several other industrial purposes in producing components, including dashboards, kick panels, and brake pads, among others. It is considered as the workforce of rubber products in end-use sectors. It is extensively deployed owing to its better heat resistance, puncture resistance, fuel resistance, and chemical resistance in comparison to natural rubber. Amongst its varied properties, the ability to sustain various temperature levels makes it beneficial in the aerospace applications. Physical characteristics like hardness and stiffness of nitrile rubber make it a suitable material for application in the nuclear industry.
Rising demand for disposable gloves in medical, automotive finishing, chemical, and oil and gas industries has been a prime factor driving the market in recent years. Moreover, the deployment of nitrile gloves in the food processing industry is probable to complement growth in market demand. Growing awareness pertaining to employee wellbeing and safety, coupled with increasing concern related to skin diseases in the industrial sector, is anticipated to propel the market over the forecasted period. Technological advancement, backed by the availability of customized designs to meet the requirements of specific industries, is estimated to have a positive influence on market demand.
COVID-19 Impact Recommendations by WHO for the usage of personal protective equipment (PPE), such as gloves, in community and healthcare settings, along with cargo handling, may drive the market demand. Healthcare workers consider gloves on as an essential and first line of protection against contracting COVID-19 from patients, as well as these are vital for the protection of patients. Apart from this, the crisis owing to the COVID-19 pandemic is having a significant impact on the industry with product demand experiencing shocks across end-markets with the disruption of supply chains.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented the global nitrile rubber market on the basis of application, distribution channel, industry vertical, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019 – 2030)
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