Global Nitrile Butadiene Rubber Market Trends, Applications, Analysis, Growth, And Forecast: 2018 To 2027

The Nitrile Butadiene Rubber Market Report Overview:

“The global Nitrile Butadiene Rubber Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The Nitrile Butadiene Rubber report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The nitrile butadiene rubber market report has been segmented on the basis of product, application, and region.

This report is based on synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Nitrile butadiene rubber or NBR is an oil-resistant synthetic rubber manufactured from a copolymer of butadiene and acrylonitrile. Acrylonitrile content in the nitrile butadiene rubber may range from 18-50%. Increasing the content of acrylonitrile in the rubber leads to higher strength, hardness, heat resistance, and oil resistance.

On the basis of product, the O-rings & seals segment is expected to hold a major revenue share in the global nitrile butadiene rubber market. O-rings and seals are widely used in automotive engines. O-rings are used in automobiles to reduce friction resulting in lower maintenance cost.

On the basis of application, the automotive segment is expected to hold a major share in the global target market and is expected to maintain dominance for the next five years. Rising production of automobiles across the globe owing to changing lifestyle of people is expected to drive segment growth over the forecast period.

Asia Pacific market is estimated to hold major revenue share in the global nitrile butadiene rubber market and is expected to maintain its dominance over the forecast period. The growth of the target market is attributed owing to growing production of automobiles in countries such as China and India.

The growing building & construction industry in countries in the region is expected to support revenue growth of the Asia Pacific nitrile butadiene rubber market over the forecast period. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Moreover, the presence of a large number of manufacturers in the region is expected to drive revenue growth of the nitrile butadiene rubber market in the Asia Pacific.

Market segmentation and key players operating in the global nitrile butadiene rubber market:

By product:

• Hoses, Belts & Cables
• O-Rings & Seals
• Molded & Extruded Products
• Gloves
• Others (Rubber Compounds and Foamed Products)

By application:

• Automotive
• Medical
• Oil & Gas
• Mining & Metallurgy
• Others (Mechanical Engineering and Building & Construction)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa