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Nitrile Butadiene Rubber (NBR) Market 2022 Share, Trends, Growth Prospects, Competition Landscape, Research, Application and Forecast 2029
Nitrile Butadiene Rubber (NBR) Market Overview:Nitrile butadiene rubber (NBR) is prod by the copolymerization of butadiene and acrylonitrile and is also commonly known as Buna-N or nitrile rubber. Nitrile butadiene rubber is a synthetic rubber made of acrylonitrile and butadiene copolymers. It has good elongation, good to excellent compression set resistance, adequate resilience, and tensile strength, but it has poor flame and steam resistance. It is mostly used where high oil resistance is required, such as automotive seals, gaskets, or other items that come into contact with hot oils. The ability of NBR to withstand temperatures ranging from 40 to 108 degrees Celsius makes it an ideal material for aeronautical applications.
The global Nitrile Butadiene Rubber (NBR) market size was valued at USD 2.10 billion in 2020 and is projected to reach USD 3.48 billion by 2029, growing at a CAGR of 5.9% from 2022-2029.
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Nitrile Butadiene Rubber (NBR) Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ARLANXEO, Zeon Chemicals L.P., NITRIFLEX, SIBUR, PetroChina Company Limited, Dynasol Group, Synthos S.A., KUMHO PETROCHEMICAL, LG Chem, Versalis S.p.A., JSR Corporation, AirBoss of America. and Others
Recent Development
In Feburary 2022, Zeon Corporation reached an agreement wherein its subsidiary would acquire Aurora Microplates, a company that sells microplates used in biochemical analysis. Through this agreement, Zeon will accelerate its business development activities in healthcare and life sciences.
In July 2021, Versalis and Saipem, an engineering and technological platform for sustainability, signed an agreement to promote PROESA, Versalis' proprietary technology for the production of sustainable bioethanol and chemicals from lignocellulosic biomass, on a global scale.
In May 2021, ENEOS Corporation signed an agreement with JSR Corporation to acquire JSR's elastomers business, which is involved in the manufacture and sale of synthetic rubber. ENEOS is expected to acquire all the shares of JSR's elastomers business and make it a new and wholly-owned subsidiary on April 1, 2022.
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Nitrile Butadiene Rubber (NBR) Market Segmentation:
Nitrile Butadiene Rubber (NBR) Market by Product, 2020 -2029 (USD Millions)
Hoses
Cables
Belts
Molded & Extruded Products
Seals & O-Rings
Rubber Compounds
Adhesives & Sealants
Nitrile Butadiene Rubber (NBR) Market by End Use Industry, 2020 -2029 (USD Millions)
Automotive
Mechanical Engineering
Oil & Gas
Metallurgy & Mining
Construction
Medical
Others
Growth Factors:
Increasing demand from the Nitrile Butadiene Rubber (NBR) industries
The growing use of Nitrile Butadiene Rubber (NBR) in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Nitrile Butadiene Rubber (NBR) Market
Nitrile Butadiene Rubber (NBR) Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Nitrile Butadiene Rubber (NBR) Market Trends
- The report identifies, determines, and forecasts the Global Nitrile Butadiene Rubber (NBR) Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Nitrile Butadiene Rubber (NBR) Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Nitrile Butadiene Rubber (NBR) Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Nitrile Butadiene Rubber (NBR) Market.
Frequently Asked Questions
What is the projected market size & growth rate of the Nitrile Butadiene Rubber (NBR) Market?
What are the key driving factors for the growth of the Nitrile Butadiene Rubber (NBR) Market?
What are the top players operating in the Nitrile Butadiene Rubber (NBR) Market?
What segments are covered in the Nitrile Butadiene Rubber (NBR) Market report?
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