Market Research Report
Global Nitrile Butadiene Rubber Market - 2019-2026
|Published by||DataM Intelligence||Product code||759083|
Delivery time: 1-2 business days
|Global Nitrile Butadiene Rubber Market - 2019-2026|
|Published: November 1, 2019||Content info:||
The Global Nitrile Butadiene Rubber market was valued at USD xx million in 2018 and is es-timated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period 2019-2026. Nitrile Butadiene Rubber (NBR), also known as Nitrile Rubber, is a synthetic rubber copolymer of acrylonitrile and butadiene. NBR is characterized by excellent re-sistance 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 plas-tic foam sheet, and conveyor belts, etc.
Drivers & Restraints
The rapid industrialization in the developing regions is the primary factor which is propelling the demand for NBRs. Because of its broad applications in various industries, the need for NBRs is expected to increase with the industrialization. Nitrile rubber goods used in the in-dustries include hoses, transmission belts & cables, industrial gloves.
Also, the high growth rate in Automotive and Oil & Gas industries worldwide, especially in the APAC region is expected to drive the market for Nitrile Rubbers.
The Global Nitrile Butadiene Rubber Market segments the market by type, application and end-use industry. By type, the segment 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 sys-tems. The unique properties and higher temperature rating attributed to HNBR when com-pared to NBR have resulted in the wide adoption of HNBR in automotive, industrial, and as-sorted, 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 pro-cessing, as well as rolls for steel and paper mills. As the automotive market is increasing, the demand for HNBRs is also expected to increase rapidly in the coming years.
NBR application includes O-rings & Seals, Hoses, Belts & Cables, Adhesives & Sealants, Plas-tic foam, Industrial & Medical Gloves and Others (Packings). The O-rings & Seals is the larg-est segment in Application segment.
Also, on the basis of end-user industry, the market can be classified as Automotive, Oil & Gas, Industrial, Medical, Construction, Metallurgy & Mining and Others. NBRs are used dominantly in Automotive Industries followed by Oil & Gas Industry because of their excel-lent resistant to oil and heat.
The report segments the market by geography as North America, South America, Europe, Asia-Pacific and Rest of the world. Geographically, Asia-Pacific is the leading market for Ni-trile butadiene rubber and is estimated to account for the most significant market share in the forecast period. Asia-Pacific accounted for the 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, in-dustries like automotive, oil & gas, construction are witnessing high growth in APAC. Gov-ernments 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.
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 the key player in NBR market. The company supplies an extensive NBR product portfolio under the brand names PERBUNAN, KRYNAC, and BAYMOD. 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.
Key market segments covered
By End-User Industry