Nitrile Butadiene Rubber (NBR) Market report is a comprehensive study on what the current status is for Chemical and Materials industry. This report provides a thorough synopsis on the study for Nitrile Butadiene Rubber (NBR) Market. The report includes detailed market definition, classifications, applications and market trends, and with the use of SWOT analysis the report summarizes what the market drivers and restrains are. The report shows important product developments and tracks recent acquisitions, merges and research in the Chemical and Materials industry by the key players who are driving the market by detailing all sales, import, export and revenue figures for forecast period of 2018 to 2025.
The Global Nitrile Butadiene Rubber (NBR) Market is expected to reach USD 321.27 million by 2025, from USD 254.6 billion in 2017 growing at a CAGR of 8.5% during the forecast period of 2018 to 2025. Global Nitrile Butadiene Rubber (NBR) Market, By Type(Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products and Others), By Application (O-rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves and Others ), By End User, By Geography (North America, APAC, South America, Europe, , Middle East And Africa)– Industry Trends and Forecast to 2025
The global nitrile butadiene rubber market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nitrile butadiene rubber market for global, Europe, North America, Asia Pacific and South America. Some of the major players operating in the Market are AirBoss Rubber Compounding, Atlantic Gasket Corporation, Kossan Rubber Industries Bhd, Lanxess, Omnova Solutions Inc, Zeon Chemicals L.P, Synthos, Adventa Bhd, Kumho Petrochemical, JSR Corporation, Sibur Holding, Versalis S.p.A. and among others and others.
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Nitrile rubber also known as nitrile-butadiene rubber which is oil resistant synthetic rubber produced from polymerization of acrylonitrile and butadiene. During polymerization of nitrile-butadiene rubber fillers are used like carbon black. Plasticizers are used specially for the products used in oil and gas industry. So on the requirement basis different adducts are used during manufacturing. Nitrile rubber is mostly used where high oil resistance. The main advantage of nitrile butadiene rubber is that it is highly resistant to petroleum oils, mineral oils, vegetable oils, abrasion, many acids and water. Buna N and Perbunan Nitrile are two different type of as nitrile-butadiene rubber which are preferred for oil resistance. In 2015, Sinopec successfully completed the acquisition of Sibur. Through this acquisition Sibur became the top most company in rubber production in Russia. As NBR have very broad application like in automobile sector, gaskets, seals, diaphragms, gasoline hoses, liners and tubing manufacturing.
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Market Drivers and Restraints:
- Increasing Demand for NBR Gloves
- Increasing Demand from Automotive Industry
- Availability of Substitute Materials
- Restrictions on Use of Phthalates in NBR Formulations and Other Environmental Regulations on Rubber Manufacturing
- Increase in growth in automobile industry
Based on type of product:
- Molded & Extruded Products
- Seals & O-Rings
- Rubber Compounds
- Adhesives & Sealants
- Foamed Products
Based on application:
- O-Rings & Seals
- Belts & Cables
- Molded & Extruded Products
- Adhesives & Sealants
On the basis of end users:
- Automotive & Transportation
- Oil & Gas
- Mining & Metallurgy
Based on geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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