Zion Market Research, the market research group announced the analysis report titled ‘Nitrile Butadiene Rubber (NBR) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Nitrile Butadiene Rubber (NBR) Market: Overview
Nitrile butadiene rubber (NBR) is formed by the copolymerization of butadiene and acrylonitrile and is also commonly known as Buna-N or nitrile rubber. Nitrile butadiene rubber is used in the automotive and the industrial industry in manufacturing components such as kick panels, dashboards, brake pads, and so on. It is known as a workforce of rubber products in these sectors. It is used widely due to its better resistance to heat, puncture, fuel, and chemicals as compared to natural rubber. Among its varied features, the ability to sustain different temperature levels makes it useful in the aerospace applications. Physical attributes such as hardness and stiffness of nitrile butadiene rubber make it the ideal material for use in the nuclear industry. All these factors contribute to the rising demand for nitrile butadiene rubber propelling its growth in the market.
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Nitrile Butadiene Rubber (NBR) Market: Segmentation
The nitrile butadiene rubber (NBR) market is segmented on the basis of application, end-user, and regions. Based on the application, the nitrile butadiene rubber (NBR) market is categorized into a hose, belting and cable, adhesive and sealants, industrial and medical gloves, seals and O-rings, molded and extruded products, cement, oil field products, gaskets and weather stripping cables. Based on the end-user, the NBR market is subdivided into automotive which is the largest end-user of NBR, machinery, cots and aprons, construction, plastic modifications, wires and cables, and others. The regional distribution of the nitrile butadiene rubber market is visible in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Nitrile Butadiene Rubber (NBR) Market: Growth Factors
Major growth of the nitrile butadiene rubber market can be seen in the automotive sector. Sustainability of varied temperatures and resistance to minerals, alkali, oils, and acid makes it favorable to be used in the automotive industry. This sector has been the largest end-use sector of the nitrile butadiene rubber market globally. The other major sectors which are witnessing a significant escalation are the construction sector and the industrial and medical gloves manufacturing sector. The expected government expenditure on developing infrastructure may also give a boost to the nitrile butadiene rubber market in the near future.
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Nitrile Butadiene Rubber (NBR) Market: Regional Analysis
Asia-Pacific had the largest consumption of nitrile butadiene rubber and it dominated the NBR market globally in terms of revenue as well as volume. The second largest market is North America due to the high demand for nitrile butadiene rubber in the medical industry. Developing countries such as India as well as China are growing in the nitrile butadiene rubber market owing to rapid industrialization and the growth in the automotive sector. Economic recession had restrained the nitrile butadiene rubber market in the past but a moderate growth rate is expected in the European region in the coming years.
Nitrile Butadiene Rubber (NBR) Market: Competitive Players
Some of the key vendors of the nitrile butadiene rubber include Huangshan Hualan Technology, Nitriflex, PetroChina, Zeon Chemicals, BASF, Dow Chemicals, Hyundai, JSR, Lanxess, Nantex Industry, Polimeri Europa, LG Chem, and OMNOVA Solutions. Other key players influencing the global market are Synthomer, Bayer, DSM Polymer, Industrias Negromex, Kumho Petrochemical, Lubrizol, Petroflex, and Sibur Holding JSC Synthos.
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Nitrile Butadiene Rubber (NBR) Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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