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Global Nitrile Butadiene Rubber (NBR) Market Insight December 29, 2021 Comments

The nitrile butadiene rubber (NBR) is forecast to rapid increase over the next four years. According to the World Knowledge Information (WKI) “Global Nitrile Butadiene Rubber (NBR) Professional Survey Report 2021, Forecast to 2026”, The growing security problems and increasing industrial activities in the field of health care are the main factors driving the development of the market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 7.16% base on WKI regression analysis model.

Analysts’ Viewpoint:

“From the current industry situation, the market nature of nitrile butadiene rubber (NBR) is partially dispersed and the industry concentration is low. Enterprises in the investment wait-and-see period can seize the opportunity.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.”Nitrile butadiene rubber (NBR) industry participants can carry out technological innovation, improve production efficiency, reduce production costs and seize more market share.”

Market insight:

Nitrile butadiene rubber (NBR) is widely used in the automotive industry, and its biggest applications are O-rings, belts and cables. Nitrile butadiene rubber (NBR) is used for tread and sidewall of tire because it has good wear resistance and low rolling resistance, which can ensure high performance. This kind of rubber can also withstand different temperatures. This specialty makes them the perfect choice in the aviation field. In addition, the puncture resistance of gloves made of nitrile butadiene rubber (NBR) is three times that of gloves made of natural rubber. This quality increases the demand of glove manufacturing companies, which promotes the growth of nitrile butadiene rubber (NBR) market.

However, the availability of alternative materials and the lack of standards and protocols have limited market growth. For example, in aviation applications, it can be replaced by TPE or fluoroelastomer. In addition, fluctuating raw material prices are also one of the main challenges to curb market growth.

Competition Landscape:

The major players covered in the nitrile butadiene rubber (NBR) market report are ARLANXEO, KUMHO PETROCHEMICAL., JSR Corporation., LG Chem, Versalis spa, ZEON CORPORATION, SIBUR International GmbH, OMNOVA Solutions Inc., PetroChina Company Limited, AirBoss of America Corp., Atlantic Gasket Corporation, Precision Associates, Inc., Hanna Rubber Company, huangshan hualan technology Co.,ltd, Dow, BASF SE, NANTEX Industry Co., Ltd., Polimeri Europa, and others.

Segmentation of Nitrile Butadiene Rubber (NBR) Market:

According to the type, the nitrile butadiene rubber (NBR) market can be divided into hoses, belts, cables, molds, seals and O-rings, gloves and others. The O-rings and seals Division has the largest market share. Nitrile O-rings are widely used in oil and gas, automobile industry and manufacturing industry because of their ideal characteristics, including low compression set, high tensile strength, high wear resistance and oil resistance. According to the application, nitrile butadiene rubber (NBR) market can be divided into automobile, oil and gas, mining, construction, medical treatment, nuclear energy, textile and others. The healthcare sector is expected to witness the highest CAGR during the forecast period. Nitrile butadiene rubber (NBR) is widely used in the production of medical gloves because of its cost-effectiveness. Nitrile butadiene rubber (NBR) is superior to other materials, such as latex and isoprene. Nitrile butadiene rubber (NBR) gloves are puncture resistant and can easily identify any wear. Nitrile butadiene rubber (NBR) is also used for pipes, plugs, cushioning or support materials and medical devices and equipment, which in turn drives the demand for nitrile butadiene rubber (NBR) in the medical field and the expansion of the market scale of nitrile butadiene rubber (NBR).

Nitrile Butadiene Rubber (NBR) Market: Regional Analysis

In terms of geography, the global nitrile butadiene rubber (NBR) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region dominates the global market share of nitrile butadiene rubber (NBR) and will continue to maintain its leading position in the forecast period. With the increase of construction activities and the acceleration of urbanization in China, India and other countries, the use of nitrile butadiene rubber (NBR) in this region is increasing. With the increase of government investment, India’s construction industry has developed rapidly. The Indian government’s “housing for all by 2022” is a major game changer in the industry. With the growth of middle-class population, China’s home appliance market is expected to grow, thus promoting the nitrile butadiene rubber (NBR) market in the country. In addition, the increase of mining activities in China over the years has led to an increase in the demand for nitrile butadiene rubber (NBR) in the country and promoted the development of nitrile rubber (NBR) market in the region.

 

Cagr: 7.16%
Largest share area:Asia-Pacific
Largest share country:China