Global Nitrile Butadiene Rubber (NBR) Market: Snapshot
Nitrile butadiene rubber (NBR) finds use in major key industries such as natural gas, petroleum, aeronautical, and automobile. It is mostly manufactured for hydrocarbons. By applications, the global butadiene rubber (NBR) market is segmented into o-rings and seals; hose, belting and cable; molded and extruded products; adhesives and sealants; medical and industrial gloves; and others.
An upcoming research report from TMR on the nitrile butadiene rubber (NBR) market offers in-depth analysis of important elements boosting or hindering the market growth. It also covers demand dynamics of this market along with reliable information on important companies. Besides, it offers dependable data on potential growth avenues. The report is intended to give helpful insights of the said market for the forecast period of 2019–2028.
Global Nitrile Butadiene Rubber (NBR) Market: Growth Dynamics
NBR is high in demand in automobile industry to produce oil/fuel seals and hoses. This growing demand demonstrates lucrative avenues for players in the nitrile butadiene rubber (NBR) market during projected period. This rubber has a capability to sustain in varied temperatures. It includes as low as -40 Degrees Celsius to extreme temperature of around +107 Degrees Celsius. This specialty makes them a perfect choice in aeronautical sector.
Gloves manufactured using NBR are three-fold more puncture resistant than that of produced from natural rubber. This quality boosts its demand among companies engaged in gloves manufacturing, thereby push the nitrile butadiene rubber (NBR) market growth. Similarly, growing demand for these products from the automobile sector is one of the key reasons for this growth. nitrile butadiene rubber can be hydrogenated. This allows them to be used in production of o-rings for air conditioners from automobiles.
Due to oil resistance capability of NBR than natural rubbers, there is growth in preference to use these rubbers in petroleum industry. However, low flexibility and strength are some of the weaknesses of NBR that can hamper the growth of the global nitrile butadiene rubber (NBR) market.
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Global Nitrile Butadiene Rubber (NBR) Market: Notable Development and Competitive Analysis
The global nitrile butadiene rubber (NBR) market offers remarkable development opportunities. It demonstrates a picture of promising future with upward graph in the demand for NBR in several industries such as automotive, aerospace, and gloves manufacturing. Various companies engaged in the global nitrile butadiene rubber (NBR) market are chasing strategic moves such as mergers and acquisitions. A case in point here is the latest acquisition of Omnova Solutions by Synthomer plc. This move by Synthomer is expected to push the market growth in the U.K.
The competitive nature of global nitrile butadiene rubber (NBR) market is moderately fragmented. The presence of different global and regional players is key reason that makes the competition level of this market intense. The key players in this market are:
- PetroChina Company Ltd
- OMNOVA Solutions
- Lanxess AG
- Dow Chemicals
Global Nitrile Butadiene Rubber (NBR) Market: Regional Assessment
Based on geography, North America, Asia Pacific, Europe, and rest of the world are the key regions involved in the global nitrile butadiene rubber (NBR) market. Out of these regions, North America has been one of the prominent regions. This region offers promising avenues for the growth of market due to presence of key companies in it. Moreover, increased disposable income in this region is another reason that allows pushing the market growth. Besides, Asia Pacific is expected to show lucrative growth opportunities in the upcoming period due to presence of emerging economies such as China and India.
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