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Nitrile Butadiene Rubber (NBR) Market Study 2020 Splendid Growth By Leading Players Are Atlantic Gasket Corporation, Kossan Rubber Industries Bhd, Lanxess, Omnova Solutions Inc, Zeon Chemicals L.P
Nitrile Butadiene Rubber (NBR) Market
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Market Analysis: Global Nitrile Butadiene Rubber (NBR) Market
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.
Major Market Competitors/Players: Global Nitrile Butadiene Rubber (NBR) Market
Some of the major players operating in the Nitrile Butadiene Rubber (NBR) 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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Market Definition: Global 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.
Market Segmentation: Global Nitrile Butadiene Rubber (NBR) Market
The global nitrile butadiene rubber (NBR) market is based on type of product, application, end users and geography.
based on type of product, global nitrile butadiene rubber (NBR),market is classified into hoses, belts, cables, molded & extruded products, seals & O-rings, rubber compounds, adhesives & sealants, gloves, foamed products and others.
Based on application, the global nitrile butadiene rubber (NBR) market segment is further segmented into O-rings & seals, hoses, belts & cables, molded & extruded products, adhesives & sealants, gloves and others.
On the basis of end users, the global nitrile butadiene rubber market is classified into automotive & transportation, industrial , oil & gas, mining & metallurgy, construction , medical and others .
based on geography, the global sodium silicate market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, 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.
Major 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
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