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

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Global Nitrile Butadiene Rubber (NBR) Market

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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
Published: April-2020 Report Code: CHEM2008 Available Format: Pages: 1-118
Category : Chemicals & Nanomaterials
Global Nitrile Butadiene Rubber (NBR) Market: Overview
Nitrile rubber, also known as Buna-N, styrene-butadiene rubber or NBR, is a copolymer of acrylonitrile (ACN) and butadiene and is a synthetic rubber. Although its physical and chemical properties vary with the composition of the nitrile in the polymer, such synthetic rubbers are generally resistant to oil, fuel, and other chemicals (the higher the nitrile content of the polymer, the better the oil resistance, but the material's toughness will deteriorate). In the automotive and aviation industries, it can be used to make fuel and oil delivery hoses, seals, and grommet; in the nuclear industry, it can be used to make protective gloves. Nitrile rubber is more resistant to oil and acids than natural rubber but has lower strength and toughness. However, nitrile rubber gloves have three times the puncture resistance of natural rubber gloves.

Global Nitrile Butadiene Rubber Market: Insights
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 surge in demand for NBR gloves in medical and construction industries are projected to propel the global nitrile butadiene rubber market in the coming years. Moreover, the surge in demand for nitrile butadiene rubber in various industries due to its superior performance and structural attributes will fuel the demand for nitrile butadiene rubber in the upcoming periods. Additionally, the growing usage of NBR as tires and non-tire applications in the automotive & transportation industry will boost the global nitrile butadiene rubber market in the future time.
NBR can be used to dilute acids, bases, and salt solvents at low temperatures. NBR is not suitable for polar solvents. Nitrile rubber can also be used to make molded articles, footwear, adhesives, sealants, sponges, foam materials, floor mats, and other covering materials. NBR is extremely flexible and is a practical material for disposable laboratory, cleaning, and inspection gloves. Furthermore, the upsurge in demand for nitrile butadiene rubber in the automotive and oil & gas industry due to its high oil resistance and high heat stability would be expected to trigger the nitrile butadiene rubber industry. The increasing uses of NBR as resilient rubber goods in the oil & gas exploration activities are estimated to influence the nitrile butadiene rubber market in the upcoming years.
NBR widely used in various oil made rubber products, a variety of oil washers, gaskets, sleeves, flexible, soft hose, roller printing, cable plastic material, or the like, in the automotive, aerospace become essential, petroleum, and other industries. The rise in demand for nitrile butadiene rubber in military vehicles and heavy-duty vehicles and in coated tire cord fabrics for providing controlled deformation, high strength, high affinity, and abrasion resistance would robust the growth of the nitrile butadiene rubber market.
The SPER market research report of the Nitrile Butadiene Rubber market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the nitrile butadiene rubber market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.

Global Nitrile Butadiene Rubber (NBR) Market: Application Insight
Based on the application, the global nitrile butadiene rubber market segregated into O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves, and Others. The O-rings & seal segment accounted for a major market share in 2019. It would continue by 2027 due to the growing usage of NBR in the manufacturing, oil & gas, and automotive industries. Additionally, it is used in various pressure-sensitive applications and is widely used in automobile engines as reciprocating and rotary seals.
Molded & Extruded Products segment will grow due to it is used in the manufacturing of molded nitrile gaskets as a result of their excellent tensile strength and resilience.

Global Nitrile Butadiene Rubber (NBR) Market: End-User Industry Insights
Based on the end-user industry, the global nitrile butadiene rubber market classified into Automotive & Transportation, Oil & Gas, Mining & Metallurgy, Construction, Medical, and Others. The Medical segment dominates the market by 2027, based on the rising application of NBR in the manufacturing of medical gloves due to its cost-effectiveness. It is also used in the tubes, stoppers, and cushioning or supporting materials of medical devices.
Oil & Gas segment will drive due to NBR is used in the sealing, molding components, rubber-to-metal bonded components, tubing, and connector applications.

Global Nitrile Butadiene Rubber (NBR) Market: Regional Insight
By geography, the global Nitrile Butadiene Rubber market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific dominates the market due to the growing demand for nitrile butadiene rubber in various industries such as automotive & transportation, medical, construction, and other industries in emerging countries like China and India coupled with the rapid industrialization in the region.

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global nitrile butadiene rubber market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.

REPORT HIGHLIGHTS
  • Overview of key market forces restraining and propelling market growth.
  • Provide demand, current & past status & also the forecasting up to 2027.
  • Provide complete overview including, application, end-user industry & forecast region.
  • Provide focused analysis of key service providers with their market share & also help to identify market competition landscape with SWOT analysis.
  • Historical, current, and projected market size in terms of value.
  • Analyse the global & regional potential market, advantages, risk & opportunity.
  • Identify significant factors and trends driving or inhibiting the market growth.
  • In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.
THE REPORT COVERS ANALYSIS OF NITRILE BUTADIENE RUBBER (NBR) MARKET, BY APPLICATION 
  • O-Rings & Seals
  • Hoses
  • Belts & Cables
  • Molded & Extruded Products
  • Adhesives & Sealants
  • Gloves
  • Others
THE REPORT COVERS ANALYSIS OF NITRILE BUTADIENE RUBBER (NBR) MARKET, BY END-USER INDUSTRY
  • Automotive & Transportation
  • Oil & Gas
  • Mining & Metallurgy
  • Construction
  • Medical
  • Others
THE REPORT COVERS EXHAUSTIVE ANALYSIS ON
  • Market Segments
  • Market Dynamics
  • Brands in Market
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Forecasting
  • Technology
THE REPORT INCLUDES REGIONAL ANALYSIS ON
  • North America (Canada, US, Mexico, & Rest of North America Available)
  • Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
  • Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
  • Central & South America (Brazil, Argentina & Rest of South America Available)  
  • Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)
KEY PLAYERS OF NITRILE BUTADIENE RUBBER (NBR) MARKET
  • LANXESS 
  • Sinopec
  • Kumho Petrochemical 
  • TSRC Corporation
  • JSR Corporation 
  • LG Chem 
  • Versalis S.p.A
  • ZEON Corporation 
  • SIBUR Holding 
  • OMNOVA Solutions Inc. 
  • Other Prominent Players
*

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. 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.



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