Global Acrylonitrile Butadiene Rubber Market Development, Top Trends and Future Scope with Upcoming Opportunities 2019-2026 | SIBUR International GmbH, Versalis S.p.A., LG Chem, SpecialChem, Rishiroop Ltd.

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Market Definition: Global Acrylonitrile Butadiene Rubber Market

Acrylonitrile butadiene rubber is widely used in industries such as seals and tanks fuel, and manufacturing oil handling hoses. There chemical and physical properties are usually depends upon the composition of nitrile polymer. They are used for the manufacturing of gaskets, gloves seals, fuel hoses and others. It has operating range from -40 to 108 degree Celsius that is why they are widely used aeronautical material. They are of three types; powder type, crumb type and block type.

Market Analysis: Global Acrylonitrile Butadiene Rubber Market

Global acrylonitrile butadiene rubber market is set to witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand from various end-users and technological advancement in acrylonitrile butadiene rubber are the factor for the growth of this market.

Market Drivers:

Increasing unconventional gas and oil exploration activities is the factor driving market

Growing automobile demand will also propel growth

Rising demand from various end- user will also drive market growth

Technological advancement and development will also propel market

Market Restraints:

Volatility in the price of the raw material will drive market

Increasing availability in the substitute is also restraining the market

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Competitive Analysis

Global acrylonitrile 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 acrylonitrile butadiene rubber market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently working in the global acrylonitrile butadiene rubber market are SIBUR International GmbH, Versalis S.p.A., LG Chem, SpecialChem, Rishiroop Ltd., PARKER HANNIFIN CORP, SKF Group, CGR Products, NANTEX Industry Co., Ltd., ZEON CORPORATION, Synthos, Bharat Polymers, Varrmas Elassto Seals, ARLANXEO, BRP Manufacturing, KUMHO PETROCHEMICAL, LUC Group and others.

Key Developments in the Market:

In November 2017, The Chinese Ministry of Commerce announced the launch of their anti-dumping probe on acrylonitrile-butadiene rubber. This new NBR is specially designed so that they can use in oil and petrol resistant industrial rubber products. They are widely used in the production of aircraft fuel tank seals, bag fuel tanks, and aircraft window seals

In February 2016, Apcotex Industries Ltd announced they have acquired Omnova Solutions India Pvt Ltd (OSIPL). This acquisition will help the company to expand their high styrene rubber and acrylonitrile butadiene rubber. This will also help them to create new product lines, new processes and new technologies

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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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