Nitrile Butadiene Rubber Industry Global Market Size Estimation, Consumption, Supply & Demand By Key Players, End Users, Various Product Types, Growth & Forecast 2023
Market Overview:
The nitrile butadiene rubber (NBR) market, as per Market Research Future’s (MRFR’s) report is expected to showcase robust performance in the coming years. The CAGR that it can attain during the forecast period (2017-2023) would be substantial to take it across the estimated valuation. Nitrile butadiene rubber is a copolymer of butadiene and acrylonitrile. Its features such as resistance to oil, fuel, and other chemical makes it the choicest preference for the automotive sector. Not just automotive, it garners pats from industries such as oil & gas, mining, construction, and medicine as well.
Competitive Landscape:
Notable players of the nitrile butadiene rubber market are Kumho Petrochemical Co. (South Korea), PetroChina (China), Lanxess AG (Germany), Zeon Chemicals (U.S.), Synthos S.A.(Poland), Versalis (Italy), Sibur Holdings (Russia), Omnova Solutions (U.S.), JSR Corporation (Japan), ARLANXEO (Germany), and others.
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Latest News:
In December 2018, Synthomer increases their capacity for NBR production in their Malaysian unit, in Pasir Gudang, to support the strong demand generated by the glove industry.
It has widespread utility in nuclear and aeronautics sector owing to its ability to withstand high temperature. As an integral part in the manufacturing of oil and fuel handling hoses, grommets, seats, and self-sealing fuel tanks, it is ruling aeronautics and automotive. But its spectrum also includes daily products such as footwear, adhesives, sealants, floor mates, sponges, and others. Also, it gets a substantial order from the manufacturing industry as an important material for protective gloves. Its takers have increased as it provides first-class strength and resists oils & acids better than the most.
But the nitrile butadiene rubber market may see some distraction owing to the dwindling raw material prices. Its effect is bound to be on the end product and with reduced profit margin, manufacturers would have to change their strategy. However, its growing popularity among end-users can refrain the nitrile butadiene rubber market from having any long-time sluggishness.
Segmentation:
MRFR, in their recent assessment of the
Based on the product type, the nitrile butadiene rubber market can be segmented into hoses, belts, cables, molded seals & o-rings, gloves, and others. Hoses are getting significant traction from the automotive sector.
Based on the end-user industry, the nitrile butadiene rubber market can be segmented into oil & gas, automotive, medical, mining, construction, and others. The oil & gas segment is gaining significant mileage during the forecast period.
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Regional Analysis:
MRFR regionally analyzes the global nitrile butadiene rubber market by including five key regions Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).
The APAC market has the maximum share and it is impacting the global market with innovation and implementation. The regional market is expected to garner exponential CAGR during the forecast period. Countries such as India and China with their huge population are going to show substantial scope for automotive and construction sector growth. The burgeoning oil & gas sector in both countries can provide extraordinary market traction.
Europe’s market is substantially strong and banking mostly on its use in the growing aerospace and robust automotive industry. Countries such as the U.K., France, Germany, and Russia are investing much for their defense which is giving aerospace industry much scope for expansion. Nuclear sector is also quite strong which can trigger market growth.
North America’s market relies mostly on decisions taken by the U.S. The country has a robust infrastructure for the nuclear sector and its automotive sector is getting revamped. At the same time, its defence expenditure is higher than most of the countries which are making it a perfect space for the nitrile butadiene rubber market’s expansion. Canada is amply backing up the growth with well-structured end-user industries.
Geographical Analysis:
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience:
- Nitrile butadiene rubber market manufacturers
- Traders and Distributors of nitrile butadiene rubber market
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Nitrile Butadiene Rubber Market
5 Industry Overview Of Global Nitrile Butadiene Rubber Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Nitrile Butadiene Rubber Market, By Product Type
Continued…
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