The Global Nitrile Butadiene Rubber market is estimated to grow with a CAGR of 8.4 % during the forecast period (2020-2027).
Nitrile Butadiene Rubber (NBR), also known as Nitrile Rubber, is a synthetic rubber copolymer of acrylonitrile and butadiene.
NBR is characterized by excellent resistance to oil, solvent, heat, and aging. It is mainly used in daily commodities and industrial products such as oil hoses, oil seals, rollers, industrial gaskets, belts, shoe soles, rubber plastic foam sheet, and conveyor belts, etc.
The rapid industrialization in the developing regions is the primary factor which is propelling the demand for NBRs. Because of its broad applications in various industries, the need for NBRs is expected to increase with the industrialization. Nitrile rubber goods used in the sectors include hoses, transmission belts & cables, industrial gloves.
Also, the high growth rate in Automotive and Oil & Gas industries worldwide, especially in the APAC region is expected to drive the market for Nitrile Rubbers.
The Global Nitrile Butadiene Rubber Market segments the market by type, application and end-use industry. By nature, the portion includes Hydrogenated Nitrile Butadiene Rubber (HNBR) and Carboxylated Nitrile Butadiene Rubber (XNBR). HNBR is widely known for its physical strength and retention of properties after long-term exposure to heat, oil, and chemicals.
It is commonly used to manufacture O-rings for automotive air-conditioning systems. The unique properties and higher temperature rating attributed to HNBR when compared to NBR have resulted in the broad adoption of HNBR in automotive, industrial, and assorted, performance-demanding applications. On a volume basis, the automotive market is the largest consumer, using HNBR for a host of dynamic and static seals, hoses, and belts.
HNBR has also been widely employed in industrial sealing for oil field exploration and processing, as well as rolls for steel and paper mills. As the automotive market is increasing, the demand for HNBRs is also expected to overgrow in the coming years.NBR application includes O-rings & Seals, Hoses, Belts & Cables, Adhesives & Sealants, Plastic foam, Industrial & Medical Gloves and Others (Packings). The O-rings & Seals is the largest segment in Application segment.
Also, by end-user industry, the market can be classified as Automotive, Oil & Gas, Industrial, Medical, Construction, Metallurgy & Mining, and Others. NBRs are used dominantly in Automotive Industries followed by Oil & Gas Industry because of their excellent resistance to oil and heat.
The report segments the market by geography as North America, South America, Europe, Asia-Pacific and Rest of the world. Geographically, Asia-Pacific is the leading market for Nitrile butadiene rubber and is estimated to account for the most significant market share in the forecast period.
Asia-Pacific accounted for the 55% market share of synthetic rubber in 2017. This trend is estimated to continue further during the forecast period because of the rapid growth in the end-user industries in this region. Because of the large population, industries like automotive, oil & gas, construction are witnessing high growth in APAC.
Governments in countries like India and China are investing heavily in the Oil & Gas industries. NBR adhesives & sealants have significant applications in Oil & Gas refineries because of their oil & heat resistant properties. So, with the growth in the Oil & Gas sector, the market for NBR in the APAC region is also expected to grow in the coming years.
The Global Nitrile Butadiene Rubber market report profiles the following companies-Lanxess AG, Sinopec, Kumho Petrochemical Co., TSRC Corporation, JSR Corporation, LG Chem, Versalis S.P.A., Zeon Corporation, Sibur Holding, Omnova Solutions Inc., Synthos S.A., and Apcotex Industries Limited. Lanxess AG is the critical player in the NBR market.
The company supplies an extensive NBR product portfolio under the brand names PERBUNAN, KRYNAC, and BAYMOD. Synthos S.A., Sinopec Corporation and Versalis are some of the integrated manufacturers who are engaged in the business of manufacturing and distribution of raw materials as well as NBR products.
The growing demand for tires providing a tranquil ride with higher fuel potency has forced manufacturers to use NBR.
The tires made of NBR are utilized in military vehicles and industrial vehicles.
It is additionally utilized in coated tire cord fabrics providing basic properties like controlled deformation, high strength, and high affinity.
The medical industry is predicted to record the highest growth rate for NBR consumption during the forecast period. The major application of NBR in the medical industry is gloves, along with equipment parts, seals, O-rings, and tubes.
• Hydrogenated Nitrile Butadiene Rubber (HNBR)
• Carboxylated Nitrile Butadiene Rubber (XNBR)
• O-rings & Seals
• Belts & Cables
• Adhesives & Sealants
• Plastic foam
• Industrial & Medical Gloves
• Others (Packings)
By End-User Industry
• Oil & Gas
• Metallurgy & Mining
• Asia Pacific
• North America
• South America
• Rest of the World
• Visualize the composition of the Nitrile Butadiene Rubber market across each indication, regarding type, product type, and applications, highlighting the critical commercial assets and players.
• Identify business opportunities in Nitrile Butadiene Rubber market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Nitrile Butadiene Rubber market level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the key Nitrile Butadiene Rubber market products of all major market players
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
1.1. Research Methodology
1.2. The scope of the Report
2.1. Key Trends & Developments
3.1. Industry Impact Factors (Drivers & Restraints)
3.2. Competitive Intensity- Porter 5 Forces
3.3. Regulatory Analysis
3.4. Patent Analysis
4.1. Hydrogenated Nitrile Butadiene Rubber (HNBR)
4.2. Carboxylated Nitrile Butadiene Rubber (XNBR)
5.1. O rings & Seals
5.3. Belts & Cables
5.4. Adhesives & Sealants
5.5. Plastic foam
5.6. Industrial & Medical Gloves
5.7. Others (Packings)
6.2. Oil & Gas
6.6. Metallurgy & Mining
7.1. North America
7.1.1. The United States
7.2. South America
7.2.3. Rest of South America
7.3.2. United Kingdom
7.3.5. Rest of Europe
7.4.3. South Korea
7.4.6. Rest of Asia-Pacific
7.5. Rest of the World
7.5.1. Middle East
8.1. Market Share/Ranking Analysis
8.2. Key Strategies adopted by Manufacturers
8.3. Product Benchmarking
9.1. Lanxess AG
9.3. Kumho Petrochemical Co.
9.4. TSRC Corporation
9.5. JSR Corporation
9.6. LG Chem
9.7. Versalis S.P.A.
9.8. Zeon Corporation
9.9. Sibur Holding
9.10. Omnova Solutions Inc.
9.11. Synthos S.A.
9.12. Apcotex Industries Limited
10.2. List of Tables
10.3. Expert Panel Validation
10.5. Contact Us
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