NBR Market Report: US$ 3019.83 Mn Revenue Projection for 2029 - Leading Players SIBUR Holding, OMNOVA Solutions Inc.

The NBR Market was valued at US$ 1857.39 million in 2022 and is projected to reach US$ 3019.83 million by 2029, representing a CAGR of 7.19% during the forecast period. The market growth is driven by several factors, including the increasing demand for NBR in various end-use industries such as automotive, oil and gas, and construction. NBR is widely used in these industries due to its excellent oil and chemical resistance, high abrasion resistance, and durability. Additionally, the growing demand for NBR gloves in the healthcare sector, particularly in light of the COVID-19 pandemic, is further boosting market growth. Moreover, technological advancements leading to the development of new grades of NBR with improved properties are expected to drive market growth in the coming years.

NBR Market Report Scope and Research Methodology:

The NBR Market Report provides a comprehensive analysis of the global NBR (Nitrile Butadiene Rubber) market, including its current status and future outlook. The report covers key aspects such as market size, growth trends, competitive landscape, and key drivers and challenges. The research methodology involves a mix of primary and secondary research, including interviews with industry experts, manufacturers, and end users, as well as analysis of industry publications, company reports, and government data. The report aims to provide valuable insights and recommendations to stakeholders in the NBR market, helping them make informed decisions and capitalize on emerging opportunities.

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What are NBR Market Dynamics:

The NBR market dynamics are characterized by significant developments in the automotive sector, where NBR is widely used due to its temperature sustainability and resistance to minerals, alkalis, oils, and acids. This makes it a preferred material for various automotive components. The automotive industry is the largest end-use sector for NBR globally, driving market growth. Additionally, the construction sector and the industrial and medical gloves manufacturing sector are witnessing significant growth, further fueling the demand for NBR. Government expenditure on infrastructure development is also expected to boost the NBR market. In the automotive industry, NBR is used in tire treads and sidewalls due to its abrasion resistance and low rolling resistance, contributing to high performance. NBR's cost-effectiveness compared to natural rubber, along with its improved properties, further drives its adoption in various industries. The growth of the NBR market is also influenced by increasing consumption from the automotive and aeronautical industries.

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NBR Market Regional Insights:

The Asia-Pacific region is poised for significant growth in the NBR market, with a projected CAGR of % through the forecast period. China is expected to lead this growth, accounting for the largest share of the market in the region. The rapid expansion of industries such as automotive & transportation, medical, and construction in countries like China and Japan is driving the demand for NBR. In addition, according to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle manufacturing has increased in countries such as China, India, Japan, and Indonesia over the past three years due to rising demand. This trend is expected to further boost the consumption of NBR in the region.

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What is NBR Market Segmentation:

In terms of application, the O-rings & seal segment is expected to exhibit the highest CAGR of % during the forecast period. O-rings and seals find extensive use in various industries such as manufacturing, oil & gas, and automotive. The consumption of O-rings & seals in the automotive sector is closely linked to vehicle manufacturing activities. NBR gloves are preferred over latex gloves due to their lower risk of allergy and higher puncture resistance. The desirable properties of Nitrile O-rings, including low compression set, high tensile strength, and excellent abrasion and oil resistance, make them ideal for use in the manufacturing of O-rings & seals. Different grades of O-rings & seals are available, with NBR O-rings & seals being widely used in the manufacturing, oil & gas, and automotive industries, thereby driving the growth of the NBR market. These factors contribute to the growth of the NBR market in the O-rings & seal segment.

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Who are NBR Market Key Players:

1. LANXESS
2. Sinopec
3. Kumho Petrochemical
4. TSRC Corporation
5. JSR Corporation
6. LG Chem
7. Versalis S.p.A
8. ZEON Corporation
9. SIBUR Holding
10.OMNOVA Solutions Inc.
11.Atlantic Gasket Corporation,
12.Apcotex Industries Limited
13.AirBoss of America Corp.
14.BASF SE,
15.Hanna Rubber Company
16.Versalis
17.PetroChina
18.Huangshan Hualan Technology Co. ltd
19.Dow
20.ARLANXEO
21.CNPC
22.Ningbo Shunze
23.Nantex
24.Nanjing Xinfeima Chemical
25.Jiangyin Zhengbang Chemicals
26 Petrobras Argentina
Table of content for the NBR Market includes:

1. Global NBR Market: Research Methodology

2. Global NBR Market: Executive Summary

● Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry

3.Global NBR Market: Competitive Analysis

● MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact

4 . Company Profile: Key players

● Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments

Key Offerings:

● Past Market Size and Competitive Landscape (2023 to 2029)
● Past Pricing and price curve by region (2023 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2023-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations

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