Nitrile Butadiene Rubber (NBR) Market Insights:
The Nitrile Butadiene Rubber (NBR) Market was analyzed which was worth USD 1.283 Million in the year 2022, expecting a CAGR of 6.98% during the forecast period (2023-2030), and the market is projected to be valued at USD 2.2 Million by 2030.
Driver:
The increased adoption of Nitrile Butadiene Rubber (NBR) in the Petrochemicals is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Nitrile Butadiene Rubber (NBR) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Nitrile Butadiene Rubber (NBR) in many sectors also boosts the market growth during the forecast period.
Nitrile butadiene rubber (NBR) is a synthetic polymer that is commonly used in the production of seals, gaskets, hoses, and other rubber products. It is a copolymer of butadiene and acrylonitrile, and it is known for its high resistance to oil, fuels, and chemicals, as well as its ability to maintain its elasticity and flexibility at low temperatures.
Nitrile Butadiene Rubber (NBR) Market Research Report” was just released by Market Research Community. It is divided into several categories, including End-user Industry (Automotive and Transportation, Building and Construction, Industrial, Medical, Other End-user Industries), application (Adhesives and Sealants, Belts and Cables, Gloves, Hoses, Gaskets and O-Rings, Other Applications), and companies (Nantex Industry Co., Ltd., Apcotex Industries Limited, Chang Rubber, Hanna Rubber Company, LG Chem, Versalis S.p.A., JSR Corporation, AirBoss of America, Atlantic Gasket Corporation, Precision Associates Inc., Anqing Hualan Technology Co., Ltd., Arlanxeo, Zeon Chemicals L.P., Nitriflex, SIBUR, PetroChina Company Limited, Dynasol Group, Synthos S.A., Kumho Petrochemical), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.98%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 2.2 Million |
| CAGR (2023-2030) | 6.98% |
| By End-user Industry | Automotive and Transportation, Building and Construction, Industrial, Medical, Other End-user Industries |
| By Application | Adhesives and Sealants, Belts and Cables, Gloves, Hoses, Gaskets and O-Rings, Other Applications |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Nantex Industry Co., Ltd., Apcotex Industries Limited, Chang Rubber, Hanna Rubber Company, LG Chem, Versalis S.p.A., JSR Corporation, AirBoss of America, Atlantic Gasket Corporation, Precision Associates Inc., Anqing Hualan Technology Co., Ltd., Arlanxeo, Zeon Chemicals L.P., Nitriflex, SIBUR, PetroChina Company Limited, Dynasol Group, Synthos S.A., Kumho Petrochemical |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Nitrile Butadiene Rubber (NBR) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Nantex Industry Co., Ltd., Apcotex Industries Limited, Chang Rubber, Hanna Rubber Company, LG Chem, Versalis S.p.A., JSR Corporation, AirBoss of America, Atlantic Gasket Corporation, Precision Associates Inc., Anqing Hualan Technology Co., Ltd., Arlanxeo, Zeon Chemicals L.P., Nitriflex, SIBUR, PetroChina Company Limited, Dynasol Group, Synthos S.A., Kumho Petrochemical
Market Segment Analysis:
By Application
- Adhesives and Sealants
- Belts and Cables
- Gloves
- Hoses
- Gaskets and O-Rings
- Other Applications
By End-user Industry
- Automotive and Transportation
- Building and Construction
- Industrial
- Medical
- Other End-user Industries
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Nitrile Butadiene Rubber (NBR) industries in the region.
Key Nitrile Butadiene Rubber (NBR) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Nitrile Butadiene Rubber (NBR) Market segments.
– Largest Market Share Held by Industry to Industry for Nitrile Butadiene Rubber (NBR)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Nitrile Butadiene Rubber (NBR) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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