Press release
Nitrile Butadiene Rubber (NBR) Market to Worth USD 321.27 Million by 2025 | A Report by JSR CORPORATION, Kumho Petrochemical, Adventa, Synthos, OMNOVA Solutions, Lanxess, Kossan International Sdn. Bhd., Atlantic Gasket Corporation
Nitrile Butadiene Rubber (NBR) Market
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
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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.The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Objective of the Report
1. To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Global Nitrile Butadiene Rubber (NBR) Market
2. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Global Nitrile Butadiene Rubber (NBR) Market.
3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Nitrile Butadiene Rubber (NBR) Market
4. The key findings and recommendations highlight crucial progressive industry trends in the Global Nitrile Butadiene Rubber (NBR) Market, thereby allowing players to develop effective long term strategies
5. To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
6. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Top Key Competitors/Players:
• 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.
• Others
Global Definition Nitrile Butadiene Rubber (NBR) Market:
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
Report Segmentation:
Based on type of product:
• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-Rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products
• Others
Based on application:
• O-Rings & Seals
• Hoses
• Belts & Cables
• Molded & Extruded Products
• Adhesives & Sealants
• Gloves
• Others
On the basis of end users:
• Automotive & Transportation
• Industrial
• Oil & Gas
• Mining & Metallurgy
• Construction
• Medical
• Others
Based on geography:
• North America
• South America
• Europe
• Asia-Pacific
• 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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