DUBLIN, Jan. 7, 2022 /PRNewswire/ — The “Nitrile Butadiene Rubber Market Size, Share & Trends Analysis Report by Product (Hoses, Cables, Belts, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants), by End Use, by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The global nitrile butadiene rubber market size is anticipated to reach USD 2.9 billion by 2028. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028.
The market is anticipated to grow by developing automotive, mechanical engineering, medical, construction, oil and gas, and other sectors across the globe. Nitrile butadiene rubber (NBR) products are used for sealing, medical gloves, and belts in transmission and conveyor devices which are expected to drive its demand in the sectors mentioned above over the forecast period.Nitrile butadiene rubber exhibits low gas permeability, heat resistance, toughness, high tensile strength, good oil resistance, abrasion resistance, low compression set, and resilience. These properties make it popular in applications requiring oil resistance, performance under extreme temperatures, and personal protection. Due to its more comprehensive temperature range, nitrile butadiene rubber is used in the aerospace sector for self-sealing fuel tanks and bladders. Also, hypoallergenic qualities of nitrile butadiene rubber have created the opportunity to manufacture thinner disposable gloves in medical end-use to heavy-duty gloves in nuclear applications.Key market players are executing expansion strategies to enter new markets and reach a broader audience in the end-use sectors. In April 2021, ARLANXEO entered the Indian sub-continent with the launch of ARLANXEO India Private Limited. India has one of the largest vehicle markets globally and is expected to grow by the end of 2021 further. By growing its presence in India, ARLANXEO aims to broaden its capabilities to meet the needs of quickly expanding industries in India, such as automotive, tires, pharmaceutical, and end-user products.The market has witnessed mergers and acquisitions by major players to strengthen their market presence. For instance, in April 2020, Synthomer plc acquired OMNOVA Solutions Inc. This acquisition is expected to strengthen Synthomer plc’s presence in North America and increase its presence in Asia, Europe with further penetration of the market in China. Nitrile Butadiene Rubber Market Report Highlights
The market was valued at USD 2.1 billion in 2020 and is estimated to witness a CAGR of 4.4% from 2021 to 2028
The medical end-use segment is expected to witness the highest CAGR of 5.1% over the forecast period in terms of revenue. The significant CAGR is attributed to increasing use of nitrile butadiene rubber in medical gloves
The seals and o-rings dominated the product segment in the market and accounted for more than 18.0% of the overall revenue in 2020. This high share is attributed to its use in oil and gas, automotive, medical, construction, and mining end uses
The increasing demand for nitrile butadiene rubber in automotive owing to its properties such as resistance to oil and chemicals, structural stability in extreme temperatures, and impact resistance is expected to drive the market for nitrile butadiene rubber
Asia Pacific accounted for more than 55.0% of the overall revenue share in 2020. The market is expected to witness a CAGR of 4.9% over the forecast period
Key Topics Covered: Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Nitrile Butadiene Rubber (NBR) Market Variables, Trends & Scope3.1 Market Segment & Scope3.2 Penetration & Growth Prospect Mapping3.3 Industry Value Chain Analysis3.3.1 Raw Material Trends3.4 Regulatory Framework3.4.1 Code of federal regulations3.4.2 Butadiene3.5 Market Dynamics3.5.1 Market Driver Analysis3.5.1.1 Ascending demand from oil & gas industry3.5.1.2 Increasing demand from automotive indsutry3.5.2 Market restraint Analysis3.5.2.1 Volatile raw material prices3.6 Business Environment Analysis: Nitrile Butadiene Rubber (NBR) Market3.6.1 Porters five forces analysis3.6.2 PESTLE analysis Chapter 4 Nitrile Butadiene Rubber (NBR) Market: Product Estimates & Trend Analysis4.1 Nitrile Butadiene Rubber (NBR) Market: Product Movement Analysis, 2020 & 20284.2 Hoses4.2.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by hoses, 2017 – 2028 (Kilotons) (USD Million)4.3 Belts4.3.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by belts, 2017 – 2028 (KiloKilotons) (USD Million)4.4 Cables4.4.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by cables, 2017 – 2028 (Kilotons) (USD Million)4.5 Molded & Extruded Products4.5.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by molded & extruded products, 2017 – 2028 (Kilotons) (USD Million)4.6 Seals & O-rings4.6.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by Seals & O-rings, 2017 – 2028 (Kilotons) (USD Million)4.7 Rubber Compounds4.7.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by rubber compounds, 2017 – 2028 (Kilotons) (USD Million)4.8 Adhesives & Sealants4.8.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by adhesives & sealants, 2017 – 2028 (Kilotons) (USD Million)4.9 Gloves4.9.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by GLOVES, 2017 – 2028 (Kilotons) (USD Million)4.10 Foamed Products4.10.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by foamed Products, 2017 – 2028 (Kilotons) (USD Million)4.11 Others4.11.1 Nitrile butadiene rubber (NBR) Market estimates and forecasts, by others, 2017 – 2028 (Kilotons) (USD Million) Chapter 5 Nitrile Butadiene Rubber (NBR) Market: End-use Estimates & Trend Analysis5.1 Nitrile Butadiene Rubber (NBR) Market: End-use Movement Analysis, 2020 & 20285.2 Automotive5.2.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in automotive, 2017 – 2028 (Kilotons) (USD Million)5.3 Mechanical Engineering5.3.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in mechanical engineering, 2017 – 2028 (Kilotons) (USD Million)5.4 Oil & Gas5.4.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in oil & gas, 2017 – 2028 (Kilotons) (USD Million)5.5 Metallurgy & Mining5.5.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in metallurgy & mining, 2017 – 2028 (Kilotons) (USD Million)5.6 Construction5.6.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in construction, 2017 – 2028 (Kilotons) (USD Million)5.7 Medical5.7.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in medical, 2017 – 2028 (Kilotons) (USD Million)5.8 Others5.8.1 Nitrile butadiene rubber (NBR) market estimates and forecasts, in others, 2017 – 2028 (Kilotons) (USD Million) Chapter 6 Nitrile Butadiene Rubber (NBR) Market: Region Estimates & Trend Analysis
Chapter 7 Competitive Landscape7.1 Key global players & recent developments & their impact on the industry7.2 Key Company/Competition Categorization7.3 Vendor Landscape7.3.1 List of Key Distributors & Channel Partners7.3.2 List of Potential costumers7.3.3 Competitive Dashboard Analysis7.3.4 List of Private Companies Chapter 8 Company Profiles8.1 ARLANXEO8.1.1 Company Overview8.1.2 Financial performance8.1.3 Product Benchmarking8.1.4 Strategic Initiatives8.2 Zeon Chemicals L.P.8.2.1 Company Overview8.2.2 Financial performance8.2.3 Product benchmarking8.3 NITRIFLEX8.3.1 Company Overview8.3.2 Product Benchmarking8.4 SIBUR8.4.1 Company Overview8.4.2 Financial performance8.4.3 Product benchmarking8.4.4 Strategic Initiatives8.5 PetroChina Company Limited8.5.1 Company Overview8.5.2 Financial Performance8.5.3 Product Benchmarking8.6 Dynasol Group8.6.1 Company Overview8.6.2 Product benchmarking8.7 Synthos S.A.8.7.1 Company Overview8.7.2 Product Benchmarking8.8 KUMHO PETROCHEMICAL8.8.1 Company Overview8.8.2 Financial Performance8.8.3 Product Benchmarking8.9 LG Chem8.9.1 Company Overview8.9.2 Financial Performance8.9.3 Product Benchmarking8.9.4 Strategic Initiatives8.10 Versalis S.p.A.8.10.1 Company Overview8.10.2 Financial Performance8.10.3 Product Benchmarking8.11 JSR Corporation8.11.1 Company Overview8.11.2 Financial Performance8.11.3 Product Benchmarking8.11.4 Strategic Initiatives8.12 AirBoss of America8.12.1 Company Overview8.12.2 Financial Performance8.12.3 Product Benchmarking8.12.4 Strategic Initiatives8.13 Atlantic Gasket Corporation8.13.1 Company Overview8.13.2 Product Benchmarking8.14 Precision Associates Inc.8.14.1 Company Overview8.14.2 Product Benchmarking8.15 Anqing Hualan Technology Co., Ltd.8.15.1 Company Overview8.15.2 Product Benchmarking8.15.3 Strategic Initiatives8.16 NANTEX Industry Co., Ltd.8.16.1 Company Overview8.16.2 Financial Performance8.16.3 Product Benchmarking8.17 Apcotex Industries Limited8.17.1 Company Overview8.17.2 Financial Performance8.17.3 Product Benchmarking8.18 Chang Rubber8.18.1 Company Overview8.18.2 Product Benchmarking8.19 Hanna Rubber Company8.19.1 company Overview8.19.2 Product benchmarking
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