Nitrile Butadiene Rubber (NBR) Market to Exhibit a Remarkable CAGR of 7.68% by 2029, Size, Share, Rising Trends, Market Demand and Opportunity Analysis
Data Bridge Market Research analyses the nitrile butadiene rubber (NBR) market will exhibit a CAGR of 7.68% for the forecast period of 2022-2029.
Nitrile Butadiene Rubber (NBR) Market research report delivers widespread analysis of the market structure along with the estimations of the various segments and sub-segments of the market. This industry report also contains detailed profiles of market’s major manufacturers and importers who are dominating the market. Furthermore, the statistical and numerical data such as facts and figures are represented very precisely in the market report by using charts, tables, or graphs. The transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for building Nitrile Butadiene Rubber (NBR) Market research report. Commitment, quality, dedication, and transparency in the market research report are all followed throughout to give the best service to the clients. Not to mention, this report delivers an in-depth study with respect to present and upcoming opportunities which shed light on the future investment in the market. So, to achieve competitive advantage and to thrive in the market, go for the comprehensive Nitrile Butadiene Rubber (NBR) Market report.
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The copolymerization of butadiene with acrylonitrile produces nitrile butadiene rubber (NBR), often known as Buna-N or nitrile rubber. The synthetic rubber nitrile butadiene rubber is a copolymer of acrylonitrile and butadiene. It has strong elongation qualities, exceptional to good compression set resistance, acceptable resilience, and tensile strength, but weak flame and steam resistance. It is most commonly used in applications where strong oil resistance is required, such as automobile seals, gaskets, and other objects that come into contact with hot oils. NBR is a good material for aviation applications since it can tolerate temperatures ranging from 40 to 108 degrees Celsius. Dashboards, brake pads, kick panels, and other components made of nitrile butadiene rubber are commonly utilized in the automobile and industrial industries. In these industries, it is referred to as the rubber labour. Its capacity to maintain various temperature levels is one of its many properties, making it helpful in aeronautical applications. The physical properties of nitrile butadiene rubber, such as hardness and rigidity, make it a suitable material for use in the nuclear sector.
Some of the major players operating in the nitrile butadiene rubber (NBR) market are Versalis S.p.A., Huangshan Hualan Chemical Co., Ltd., ARLANXEO, KUMHO PETROCHEMICAL., JSR Corporation., LG Chem, ZEON CORPORATION, SIBUR International GmbH, OMNOVA Solutions Inc., PetroChina Company Limited, AirBoss of America Corp., Atlantic Gasket Corporation, Precision Associates, Inc., Hanna Rubber Company, Dow, BASF SE, LANXESS, China Petroleum & Chemical Corporation, TSRC, and NANTEX Industry Co., Ltd., among others.
Global Nitrile Butadiene Rubber (NBR) Market Scope and Market Size
The nitrile butadiene rubber (NBR) market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, nitrile butadiene rubber (NBR) market is segmented into hoses, belts, cables, molded and extruded products, seals and o-rings, rubber compounds, adhesives and sealants, gloves, foamed products, and others.
- The application segment for nitrile butadiene rubber (NBR) market includes automotive, mechanical engineering, oil and gas, metallurgy and mining, construction, medical, and others.
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Nitrile Butadiene Rubber (NBR) Market Regional Analysis/Insights
The Nitrile Butadiene Rubber (NBR) market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Nitrile Butadiene Rubber (NBR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Nitrile Butadiene Rubber (NBR) within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Nitrile Butadiene Rubber (NBR) market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
The report answers questions such as:
- What is the market size and forecast of the Nitrile Butadiene Rubber (NBR) Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Nitrile Butadiene Rubber (NBR) Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Nitrile Butadiene Rubber (NBR) Market?
- What is the competitive strategic window for opportunities in the Nitrile Butadiene Rubber (NBR) Market?
- What are the technology trends and regulatory frameworks in the Nitrile Butadiene Rubber (NBR) Market?
- What is the market share of the leading vendors in the Nitrile Butadiene Rubber (NBR) Market?
- What modes and strategic moves are considered suitable for entering the Nitrile Butadiene Rubber (NBR) Market?
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