Sun. Nov 28th, 2021

According to ChemAnalyst report, “Global Nitrile Butadiene Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030” Global market of Nitrile Butadiene Rubber is growing exponentially over the last few years and is expected to achieve a CAGR of 3.12% in the forecast period owing to its properties including resistance to wear and tear, thermal resistance, high gas impermeability and low temperature flexibility. NBR is synthetic rubber produced from a copolymer of acrylonitrile and butadiene. Due to its oil resistant nature, its primary applications are in fuel hoses, gaskets, and other products in which oil resistance is essential.

Get more information: https://www.chemanalyst.com/industry-report/nitrile-butadiene-rubber-market-614

NBR is also remarked for high strength and excellent resistance to water, alcohols, heat, abrasions, and to petroleum products such as gasoline, diesel oil and other fuels over a wide temperature range. Because of all these properties, Nitrile Butadiene Rubber has wide range applications in hose, belting and cable, O-rings and seals, sponges, gloves, expanded foams, footwear, latex applications, molded and extruded products, adhesives and sealants. NBR is also used in powder form, having its utilization as impact modifier for PVC and ABS. Hoses, seals, o-rings, belting and cables share the largest segment of NBR market. The growth of various end use industries such as Automotive, Aeronautical, Construction, Pharmaceuticals, Oil and Gas and Machinery is impelling the demand for Nitrile Butadiene Rubber consequently.

Owing to the impact of COVID-19 crises, Nitrile Butadiene Rubber demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply and value chains. Automotive and construction sectors were the most severely hit sectors during the pandemic which had an impact on NBR industry. However overall good demand growth has been observed from the manufacturing sector due to continuation of production activities after the lockdowns. Additionally, upcoming capacity expansions including the coming Petronas Chemicals/ LG Chem NBR plant with a capacity of 200 KT in Malaysia is expected to provide opportunities for NBR market to grow during the forecast period.

Sample Request: https://www.chemanalyst.com/ChemAnalyst/RequestForm

Region wise, Asia Pacific region holds the major share of global demand for Nitrile Butadiene Rubber due to growing demand from construction and automotive sector. China and Taiwan are the leading producers of NBR and having a strong consumer base which also leads to the larger market size in the region. The medical industry is growing steadily in the region and its application in the production of gloves, medical equipment, breathing bags etc. is another factor propelling demand for Nitrile Butadiene Rubber in Asia Pacific. 

North America is also expected to frow at a healthy CAGR due to the presence of large number of Automobile manufacturing plants coupled with the growth in Construction sector in the region. Moreover, U.S. Oil and Gas industry also finds applications for NBR and is expected to expand the market size for the product in the forthcoming years.

According to ChemAnalyst report, “Global Market By Global Nitrile Butadiene Rubber (NBR) Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030.

Key Players:

Major players of the NBR industry are Lanxess, Sinopec, Kumho Petrochemical, TSRC Corporation, JSR Corporation, LG Chem, Versalis S.p.A, ZEON Corporation, SIBUR Holding, and OMNOVA Solutions Inc., and Others

“Nitrile Butadiene Rubber is a versatile polymer, being linked to the major sectors such as Automotive, Construction, Oil & Gas, Pharmaceuticals etc., its market has shown as robust growth alongside growing infrastructure, increasing population and changing consumer preference. Moreover, it is in high demand in Aeronautical industry too due to its ability to withstand different temperature levels (from −40 to 108 °). Among its wide-ranging features, the ability to sustain different temperature levels makes it useful in aerospace applications and because of its properties like thermal resistance and resistance to wear and tear, it is an ideal material for use in the nuclear industry. The growth in construction, automotive and healthcare sectors is expected to directly upsurge the demand for N-Propyl Acetate in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us        

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: info@chemanalyst.com

Website: https://www.chemanalyst.com/

By Priyanka

Your business needs valuable content to make it stand out from the crowd. Without valuable content, your business will be lost in the sea of products and services available online, especially now with so many companies offering similar services and products for low prices or even free! When you’re looking for creative content writing, you need to find someone who understands your industry and can provide you with high-quality content that truly helps your company stand out from the crowd. That’s where I come in!