Press release
Nitrile Butadiene Rubber (NBR) Market is Expected to Grow at a CAGR of 3.12% by 2030 | ChemAnalyst
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.
.Browse Related Reports
India Acrylonitrile Butadiene Styrene (ABS) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.
https://www.chemanalyst.com/industry-report/india-acrylonitrile-butadiene-styrene-abs-market-72
India Nitrile Butadiene Rubber Market: Plant, Demand & Supply, Technology, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030.
https://www.chemanalyst.com/industry-report/india-nitrile-butadiene-rubber-comprehensive-techno-commercial-market-7
About us
ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.
For more information, please visit us at www.chemanalyst.com
Contact Us:
Nilesh Vishwakarma
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523948
Mob: +91-8882336899
Email: info@chemanalyst.com
Connect with us on LinkedIn - https://www.linkedin.com/company/chemanalyst/
Connect with us on Twitter- https://twitter.com/Chemanalysts
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nitrile Butadiene Rubber (NBR) Market is Expected to Grow at a CAGR of 3.12% by 2030 | ChemAnalyst here
News-ID: 2358339 • Views: …
More Releases for Butadiene
Key Influencer in the Butadiene Market 2025: Butadiene Market Growth In Tandem W …
What combination of drivers is leading to accelerated growth in the butadiene market?
As the automotive industry grows, it is predicted to catalyze the butadiene market's expansion. The industry includes the design, production, sale, and service of automobiles. Materials crafted from butadiene have qualities of high endurance, adaptability, and resistance to thermal, chemical, and mechanical stress, making them apt for various automotive applications like seals, gaskets, hoses, belts, and components found…
Butadiene Market Size, Share | Forecast 2032
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Butadiene Market size was valued at USD 10.7 Billion in 2021 and is projected to reach USD 51.8 Billion by 2030, growing at a CAGR of 19.15 % from 2023 to 2030.
Market Overview for Butadiene Market
Butadiene Market OverviewThe global butadiene market is poised for significant growth driven by expanding applications across various industries. Butadiene, a crucial chemical used primarily in the production of synthetic rubber, is witnessing…
Bio-Butadiene Market 2022 | Detailed Report
The Bio-Butadiene report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry.
The Bio-Butadiene report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them to address…
Global Butadiene Market Overview
Global butadiene demand was estimated to be around 12296 kilo tons in 2018. The global butadiene market has grown at an average of 3.2% from 2014 to 2018 mainly due to strong demand from butadiene derivatives like Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene (ABS) and others in the Asia-Pacific region. The global butadiene market was impacted by the economic meltdown in 2008-2009. The demand declined during…
Butadiene and its Derivatives Market Report 2018: Segmentation by Type (Styrene …
Global Butadiene and its Derivatives market research report provides company profile for LyondellBasell Industries, Royal Dutch Shell, Braskem, CNOOC Limited, China National Petroleum Corporation (CNPC), BASF, Sinopec Group, Dow Chemical, ExxonMobil and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
Butadiene Market Report 2018: Segmentation by Product (Oxidative dehydrogenation …
Global Butadiene market research report provides company profile for FPCC, BASF, ExxonMobil, JSR Corp, Lotte, LyondellBasell, Ineos O&P, Sinopec, TPC Group, Braskem, Shell Chemical, CNPC and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.…
