Nitrile Butadiene Rubber (NBR) Market to Grow at a CAGR of 6.86% by 2022


Posted November 24, 2017 by Market-Research

In 2012, the global Nitrile Butadiene Rubber (NBR) Market was evaluated around USD 1.69 billion and is expected to reach approximately USD 3.29 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 6.86%.

 
The Latest Comprehensive Industry research study titled, “Nitrile Butadiene Rubber (NBR) Market by Products, Application - Global Industry Analysis and Forecast To 2022” published by Crystal Market Research.

In 2012, the global Nitrile Butadiene Rubber (NBR) Market was evaluated around USD 1.69 billion and is expected to reach approximately USD 3.29 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 6.86% over the forecast period on account of growing requirement for high-quality plasticizers due to their brilliant mechanical characteristics. Additionally, rising NBR demand in the production of several automobile components involving dash boards, kick panels, brake pads, and brake lining is projected to drive the growth of the global market. NBRs capability to uphold an extensive temperatures range makes it the best material for the applications in aerospace industry. Expansion in the aerospace industry, particularly in emerging regions is expected to fuel the global NBR market during the forecast period. Also, stiffness and hardness of NBR make it a perfect material for nuclear industry applications. NBR is chemical resistant as well as heat resistant and hence it is used over an extensive range of industrial and automotive applications. NBR is used as a substitute to latex materials owing to its high strength, puncture resistant and excellent flexibility properties. Major applications of NBR are; the manufacturing of medical & industrial gloves, adhesives, hose, sealants, cables, and belting. Moreover, speedy industrialization along with infrastructure expansion in several regions is expected to fuel the growth of NBR market in emerging countries during next few years. The rising utilization of NBR gloves in industrial & medical applications for protection purposes is projected to drive its market during the forecast period. Though, fluctuating costs of raw material along with ecological concerns are expected to hamper the growth of global NBR market.

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Key Market Players:
Zeon Chemicals
Lanxess AG
Synthos S.A.
Omnova Solutions
Kumho Petrochemical Co.
Versalis
Sibur Holding
JSR Corporation.

Major applications of NBR observed in this report involve molded & extruded products, belting & cable, hose, adhesive & sealants, seals & O-rings, industrial & medical gloves, and others involving oil field products, cement, weather stripping cables and gaskets. Medical & Industrial gloves are expected to be the top growing application section while, belting, cable & hose has been the leading application section of the global NBR industry. NBR is widely utilized in oilfields for various applications such as, blow out preventers, seals, and Packers. Also, NBR is widely used in the automobile sector for the production of underhood components where temperatures constantly vary owing to compress airflow inside small engine compartments.

In 2013, automotive was the leading end-user section of the NBR market worldwide, and the drift is expected to persist during the forecast years. Resistance to alkalis, minerals, acids, and oils along with tolerance to excessive temperatures has contributed to the wide application of NBR in an automobile over the last few years. Though, construction is expected to observe the top growth in NBR market during the next few years owing to the elevated rubber resistance to acids and friction, making it perfect for utilization in the production of several products involving seals. Furthermore, growing government expenditure on infrastructure is anticipated to fuel the growth of the NBR market during the forecast years.

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The major market players for nitrile butadiene rubber (NBR) market are Zeon Chemicals, Lanxess AG, Synthos S.A., Omnova Solutions, Kumho Petrochemical Co., Versalis, Sibur Holding, and JSR Corporation. Lanxess supplies an extensive series of NBR products involving BAYMOD, PERBUNAN, and KRYNAC with high oil resistance, easy processing, high viscosity, high density, high abrasion resistance, and low-temperature flexibility for several end-user industries involving machine construction, automotive, plastic modification, gas/oil exploration, footwear, and electronics.

The global nitrile butadiene rubber (NBR) market is segmented as follows –
By Product

• Hose, belting and cable
• Adhesives and sealants
• Industrial and medical gloves
• Seals and O-rings
• Molded and extruded products
• Others
By End User
• Automotive
• Machinery
• Cots & aprons
• Construction
• Plastic modification
• Wires & cables
• Others

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Website Crystal Market Research
Phone +1-888-213-4282
Business Address 304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107, United States
Country United States
Categories Automotive , Business , Industry
Tags market research , nbr , nitrile butadiene rubber nbr market , nitrile butadiene rubber nbr market research , nitrile butadiene rubber nbr market share , nitrile butadiene rubber nbr market size , nitrile butadiene rubber nbr market trends , nitrile butadiene rubber nbrmarket growth
Last Updated November 24, 2017