According to ChemAnalyst report, “Global Nitrile Butadiene Rubber (NBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032” The global Nitrile Butadiene Rubber (NBR) market is expected to grow and reach 1100 thousand tonnes at a CAGR of 3.74% during the forecast period until 2032. The rising demand from Automotive, Construction, and Medical Gloves end-use industries, is expected to elevate the demand for Nitrile Butadiene Rubber (NBR) in the forecast period.
NBR is synthetic rubber produced from a copolymer of acrylonitrile and butadiene. Owing to its properties including resistance to wear and tear, thermal resistance, high gas permeability and low temperature flexibility, NBR finds applications in numerous industries. NBR also shows resistance to petroleum products such as gasoline, diesel oil and other fuels over a wide temperature range.
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NBR find application in hose, belting and cables, o-rings and seals, latex applications, molded and extruded products, adhesives and sealants. Moreover, compression machinery and hydraulic equipment also use gaskets made with NBR extensively to prevent gas and liquid leaks. Other uses of NBR include the use of NBR powder as impact modifier for Polyvinyl chloride (PVC) and Acrylonitrile Butadiene Styrene (ABS). Due to the numerous applications of NBR there are several end use industries for NBR which include automotive, construction, machinery, pharmaceuticals, oil and gas. The majority of the total Nitrile Butadiene Rubber (NBR) produced globally, is consumed by the automotive sector. Growing demand for hose, belting and cable, o-rings and seals from the automotive and construction sector is expected to drive the demand of NBR during the forecast period.
The global Nitrile Butadiene Rubber (NBR) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Nitrile Butadiene Rubber (NBR) market is segmented into different industrial sectors that include Automotive, Construction, Medical Gloves, and Others. The Automotive industry is dominating the Nitrile Butadiene Rubber (NBR) market. This industry consumed approximately 48% of the market in 2022. Automotive manufacturing, oil & gas, and other end-use industries all require O-rings and seals. Manufacturing of vehicles has a direct impact on the consumption of O-rings and seals in the automotive industry. O-rings and seals are produced using nitrile rubber because of their desirable characteristics, which include low compression setting, high tensile strength, excellent abrasion resistance, and oil resistance. The NBR market is expanding as a result of the extensive usage of NBR O-rings and seals in the manufacturing, oil and gas, and automotive industries.
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Based on demand across the globe, the Asia Pacific is reported to be the biggest consumer of the Nitrile Butadiene Rubber (NBR) market followed by Europe and North America. This region held a market share of approximately 60% in 2022. Due to growing demand for construction and automotive sector in the Asia Pacific region, is one of the major factors driving the Nitrile Butadiene Rubber (NBR) market around the world. It is expected that Asia Pacific will most likely remain the biggest consumer in the forecast period. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nitrile butadiene rubber in Asia Pacific region.
“Global Nitrile Butadiene Rubber (NBR) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032” Major players in the production of Global Nitrile Butadiene Rubber (NBR) are Arlanxeo, Kumho Petrochemical Co. Ltd., LG Chem Ltd., Kumho Petrochemical Co. Ltd., Krasnoyarsk Synthetic Rubbers Plant JSC, Blue Star NBR, LLC, Zeon Corporation, Ningbo Shunze Rubber Co., Ltd., Dynasol/Shanxi Northern Xing'an Chemicals, ARLANXEO-TSRC (Nantong) Chemical Industrial Co. Ltd., and Others.
“Nitrile Butadiene Rubber (NBR) is a versatile polymer which finds applications in various sectors such as Automotive, Construction, Oil & Gas, Pharmaceuticals, and others. NBR market has shown as robust growth in the past years due to the growing infrastructure as a consequence of increasing population around the globe. Increasing construction and transportation activities in emerging and industrialized economies are accelerating the demand for Nitrile Butadiene Rubber (NBR), which will most likely further augment the market growth of Nitrile Butadiene Rubber (NBR) in the forthcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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