Nitrile Butadiene Rubber Market, By Application, By End-User, By Geography

Global nitrile butadiene rubber market was valued at US$ 2.2 Bn in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030.

Global Nitrile Butadiene Rubber Market, By Application, 2022

What is Nitrile Butadiene Rubber? Also known as Buna-N, nitrile butadiene rubber, or simply NBR, nitrile rubber is made from the polymer acrylonitrile and the chemical compound butadiene. Because it's a synthetic rubber, it's resistant to weather, ozone, and other elements. It's also known by other names, such as Buna-N or acrylonitrile, including nitrile butadiene. NBR is a popular synthetic rubber and is compatible with most environments. The benefits of NBR include its low cost and a high degree of flexibility at a low temperature. NBR is used in many industries, including cables, seals, and other rubber products. The chemical compounds that make it so versatile include butadiene and acrylonitrile. Further, it is resistant to ozone and UV rays.

Nitrile Butadiene Rubber, also known as Buna-N, nitrile butadiene rubber, or simply NBR, nitrile rubber is made from the polymer acrylonitrile and the chemical compound butadiene. Since it is a synthetic rubber, it is resistant to weather, ozone, and other elements. NBR is a popular synthetic rubber and is compatible with most environments. The benefits of NBR include its low cost and a high degree of flexibility at a low temperature. NBR is used in many industries, including cables, seals, and other rubber products. The chemical compounds that make it so versatile, includes butadiene and acrylonitrile. Further, it is resistant to ozone and UV rays.

NBR rubber is capable of withstanding temperatures from -40°C to 108°C which makes it ideal for aerospace and automotive application. It is widely used in fuel and oil handling hoses, seals, gaskets, grommets, and self-sealing fuel tanks that can withstand the corrosive effects of various greases, oils, and chemicals. The market of NBR is witnessing strong growth on the account of growing demand from automotive and aerospace industry.

Market Dynamics:

Rapid development in transportation industry is driving the growth of the nitrile butadiene rubber market. Also, growing demand from oil and fuel-resistant seals in many industries is also anticipated to foster market growth. Moreover, increasing demand for nitrile glove is projected to bring bright market opportunities over the forecast period.

On other hand, the availability of substitute products, such as a polyurethane-based thermoset elastomer, Brandonite 1200-60A is expected to restrict the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global nitrile butadiene rubber (NBR) market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global nitrile butadiene rubber (NBR) market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Apcotex Industries Limited, ARLANXEO, China Petroleum & Chemical Corporation (Sinopec), Dynasol Group, JSR Corporation, KUMHO PETROCHEMICAL, Lanxess, LG Chem, Sibur, Synthomer, Synthos, TSRC, Versalis SpA, and Zeon Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global nitrile butadiene rubber (NBR) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Nitrile Butadiene Rubber (NBR) market

Nitrile Butadiene Rubber Market Detailed Segmentation:

• By Application:
  • Adhesives and Sealants
  • Belts and Cables
  • Gloves
  • Hoses
  • Gaskets and O-Rings
  • Other Applications
• By End User Industry:
  • Automotive and Transportation
  • Building and Construction
  • Industrial
  • Medical
  • Other End user Industries
• By Region:
  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
• Company Profiles
  • Apcotex Industries Limited
  • ARLANXEO
  • China Petroleum & Chemical Corporation (Sinopec)
  • Dynasol Group
  • JSR Corporation
  • KUMHO PETROCHEMICAL
  • Lanxess
  • LG Chem.
  • Sibur
  • Synthomer
  • Synthos
  • TSRC
  • Versalis SpA,
  • Zeon Corporation