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.
Market Analysis:
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.
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Major 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. and 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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Segmentation:
The global nitrile butadiene rubber (NBR) market is based on
- type of product
- application
- end users and geography
Type of product
- hoses
- belts
- cables
- molded & extruded products
- seals & O-rings
- rubber compounds
- adhesives & sealants
- gloves
- foamed products and others.
Application
- O-rings & seals
- Hoses
- belts & cables
- molded & extruded products
- adhesives & sealants
- gloves and others
End users
- automotive & transportation
- industrial
- oil & gas
- mining & metallurgy
- construction
- medical and others
Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East
- Africa
Major countries
- 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.
Competitive Analysis:
The global nitrile 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 nitrile butadiene rubber market for global, Europe, North America, Asia Pacific and South America.
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