The
global Nitrile Butadiene Rubber Market USD 998.7 million in 2017 and projected to reach USD 1806.7 million by 2027, registering a CAGR of 5.51% during the forecast period (2020-2027). The upsurge in the production of passenger cars, commercial vehicles, and motorcycles expected to trigger the global nitrile butadiene rubber market in the upcoming years. Additionally, growing usages of NBR in used in treads and sidewalls of tires due to NBR offer good abrasion and low rolling resistance, which provide high performance would propel the growth of nitrile butadiene rubber market in the future time. NBR is widely used in the manufacture of various oil-resistant rubber products, such as O-rings, loops, hoses, and fuel tank linings, printing rollers, tank linings, insulating floor panels, Oil-resistant soles, hard rubber parts, fabric coatings, pipe thread protection layers, pump impellers, wire covers, adhesives, food packaging films, rubber gloves, etc.
Additionally, the rapid economic development in developing countries resulted in augmented growth. SPER Market Research analysts estimate the nitrile butadiene rubber (NBR) has become a key product and device in the automotive and oil industry includes regional analysis on North America, Asia-Pacific, Europe, South America, and Middle East & Africa.
Companies Covered
- LANXESS
- Sinopec
- Kumho Petrochemical
- TSRC Corporation
- JSR Corporation
- LG Chem
- Versalis S.p.A
- ZEON Corporation
- SIBUR Holding
- OMNOVA Solutions Inc.
- Other Prominent Players
Key Questions Answered by Report
- What was the market size trend of 2015-19?
- What will be the market size trend of next 4-5 years?
- What are the most common brands in terms of value?
- And others
Reasons to buy this report
- This SPER Market Research report will help to develop Business Strategies by understanding the trends shaping and driving Nitrile Butadiene Rubber (NBR) market
- Organize sales and marketing efforts by identifying the best opportunities for Nitrile Butadiene Rubber (NBR) market
- To understand the future market competition in the Global Nitrile Butadiene Rubber (NBR) market.
The report is based on in-depth qualitative and quantitative analysis of the Global Nitrile Butadiene Rubber. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Browse report overview on "Global Nitrile Butadiene Rubber (NBR) Market By Application (O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves, and Others), By End-user Industry (Automotive & Transportation, Oil & Gas, Mining & Metallurgy, Construction, Medical, and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa), Global Forecast to 2027" at:
https://www.sperresearch.com/report-store/NBR-Market.aspx