{"id":403292,"date":"2019-07-01T02:44:01","date_gmt":"2019-07-01T02:44:01","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=403292"},"modified":"2019-07-01T02:44:01","modified_gmt":"2019-07-01T02:44:01","slug":"nitrile-butadiene-rubber-market-global-industry-analysis-by-share-key-company-trends-size-emerging-technologies-growth-factors-and-regional-forecast-to-2023","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/nitrile-butadiene-rubber-market-global-industry-analysis-by-share-key-company-trends-size-emerging-technologies-growth-factors-and-regional-forecast-to-2023_403292.html","title":{"rendered":"Nitrile Butadiene Rubber Market Global Industry Analysis By Share, Key Company, Trends, Size, Emerging Technologies, Growth Factors, And Regional Forecast To 2023"},"content":{"rendered":"
\"Nitrile<\/a><\/p>\n
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The Global Nitrile butadiene rubber Market Share, by Application<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Global Nitrile butadiene rubber market research report: by product type (Hoses, Belts, Cables, Molded Seals & O-rings, Gloves and Others), and by end-user industry (Automotive, Oil & Gas, Mining, Construction, Medical and Others) \u00e2\u20ac\u201c Forecast till 2023\n<\/div>\n

Overview:<\/strong><\/p>\n

The nitrile butadiene rubber (NBR) market, as per Market Research Future’s (MRFR’s) report is expected to showcase robust performance in the coming years. The CAGR that it can attain during the forecast period (2017-2023) would be substantial to take it across the estimated valuation. Nitrile butadiene rubber is a copolymer of butadiene and acrylonitrile. Its features such as resistance to oil, fuel, and other chemical makes it the choicest preference for the automotive sector. Not just automotive, it garners pats from industries such as oil & gas, mining, construction, and medicine as well. It has widespread utility in nuclear and aeronautics sector owing to its ability to withstand high temperature.<\/p>\n

As an integral part in the manufacturing of oil and fuel handling hoses, grommets, seats, and self-sealing fuel tanks, it is ruling aeronautics and automotive. But its spectrum also includes daily products such as footwear, adhesives, sealants, floor mates, sponges, and others. Also, it gets a substantial order from the manufacturing industry as an important material for protective gloves. Its takers have increased as it provides first-class strength and resists oils & acids better than the most.<\/p>\n

Competitive Analysis:<\/strong><\/p>\n

Some of the prominent players operating in the global nitrile butadiene rubber market are Lanxess AG (Germany), Kumho Petrochemical Co.(South Korea), PetroChina (China), Synthos S.A.(Poland), Zeon Chemicals (U.S.), Sibur Holdings (Russia), Versalis (Italy), JSR Corporation (Japan), Omnova Solutions (U.S.),  and ARLANXEO (Germany) among others.<\/p>\n

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Market Scenario:<\/strong><\/p>\n

The oil & gas segment followed by the building and construction end-user segment are anticipated to observe a higher CAGR during the forecast period. Nitrile butadiene rubber is used in ceramic tiles, roofing and wall, hoses, adhesives, and sealants, owing to its temperature stability, higher bond strength, and chemical resistance, which contributes significantly to the growth of the building and construction segment.<\/p>\n

Regional Analysis:<\/strong><\/p>\n

The global nitrile butadiene rubber market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the construction and automotive among others, which, in turn, is anticipated to fuel the demand for nitrile butadiene rubber in the region. Moreover, the growing oil and gas industry, mainly in India and China is also expected to contribute to the market growth.<\/p>\n

The European region is estimated to witness a significant growth in the countries owing to the burgeoning aerospace and automobile industry. The increasing use of nitrile butadiene rubber owing to its enhanced strength, chemical and heat stability among others has increased the adoption rate in the region.<\/p>\n

 The North American nitrile butadiene rubber market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries such as automotive and construction coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing investment in the infrastructural development is further expected to add fuel to the growth of the market.<\/p>\n

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Market Segmentation<\/strong><\/p>\n

The global nitrile butadiene rubber market is segmented into product type, and end-user. On the basis of the product type, the market is segregated into hoses, belts, cables, molded seals & o-rings, gloves and others. The market by end user industry is further categorized into automotive, oil & gas, mining, construction, medical and others<\/p>\n

Geographical Analysis:<\/strong><\/p>\n

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.<\/p>\n

Intended Audience:<\/strong><\/p>\n