Nitrile Butadiene Rubber Market

SKU: DMMA459 | Last Updated On: Nov 11 2022 | Available Formats

> Nitrile Butadiene Rubber Market Expected to reach a high CAGR of 5.0% By 2029: DataM Intelligence

Nitrile Butadiene Rubber Market is segmented By Type (Hydrogenated Nitrile Butadiene Rubber, Carboxylated Nitrile Butadiene Rubber), By Application (O rings & Seals, Hoses, Belts & Cables, Adhesives & Sealants, Plastic foam, Industrial & Medical Gloves, Others), By End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Construction, Metallurgy & Mining, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

Market Overview

[150 Pages Report] Nitrile Butadiene Rubber market is estimated to grow with a high CAGR of 5.0% during the forecast period (2022-2029).

Nitrile Butadiene Rubber market - Strategic Insights

Metrics

Details

Market CAGR

5.0%

Segments Covered

By Type, By Application, By End-Use Industry, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • 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 sheets, conveyor belts, etc.

Industry Dynamics

  • Rapid industrialization in developing regions is the primary factor that is propelling the demand for NBC. Because of its broad applications in various industries, the need for NBRs is expected to increase with industrialization. Nitrile rubber goods used in the sectors include hoses, transmission belts & cables, and industrial gloves.

  • Also, the high growth rate in the Automotive and Oil & Gas industries worldwide, especially in the APAC region is expected to drive the market for Nitrile Rubbers.

Market Segmentation

  • 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 the Application segment.

  • Also, by end-user industry, the market can be classified as Automotive, Oil & Gas, Industrial, Medical, Construction, Metallurgy & Mining, and Others. NBC is used dominantly in the Automotive Industries followed by the Oil & Gas Industry because of its excellent resistance to oil and heat.

Regional Share

  • The report segments the market by geography as North America, South America, Europe, Asia-Pacific, and the 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 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, and 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.

Competition Size

  • 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 a critical player in the NBR market.

  • The company supplies an extensive NBR product portfolio under the brand names PERBUNAN, KRYNAC, and BAY MOD. 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.

Market Forecast

  • 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.

FAQ

What is the Nitrile Butadiene Rubber market growth?

The market is growing at a CAGR of 5.0%.

What is the Nitrile Butadiene Rubber market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in Nitrile Butadiene Rubber market?

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., Apcotex Industries Limited. Lanxess AG is a critical player in the NBR market.

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