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The growing application of nitrile butadiene rubber (BR) by the automotive industry is inducing growth in the demand for nitrile butadiene rubber (BR) globally. Data Bridge Market Research analyses that the nitrile butadiene rubber (BR) market will witness a CAGR of 4.0% for the forecast period of 2021-2028. This means that the current market value, which is USD 1.94 billion will rocket up to USD 2.65 billion by the year 2028.
Nitrile butadiene rubber (BR), also known as nitrile rubber, is a product of copolymerization of butadiene and acrylonitrile. Nitrile butadiene rubber (BR) is a synthetic rubber possessing great elastomeric properties and tensile strength. It has excellent resistance to compression, adequate resilience but has poor resistivity against flame and steam. The ability of nitrile butadiene rubber (BR) to handle the varied level of temperature makes it a perfect go for aeronautical applications. Physical characteristics of nitrile butadiene rubber (BR) make it ideal for the automotive industry in the form of dashboards, brake pads kick panels among others.
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The rise and expansion of various end user industries will carve the way for lucrative growth opportunities for the nitrile butadiene rubber (BR) market. The rising application of nitrile butadiene rubber (BR) in O-rings and gloves will further boost up the market value. Great physical and chemical attributes of nitrile butadiene rubber (BR) will help to excel in its demand in aeronautical and nuclear applications. Rising technological advancements and research and development proficiencies will indirectly foster market growth.
However, fluctuations in the prices of raw materials will pose a big-time challenge to the nitrile butadiene rubber (BR) market growth. Availability of substitutes to nitrile butadiene rubber (BR) will further prove to be a threat to the market growth. Lack of awareness in low and middle-class economies will further derail the market growth rate.
Competitive Landscape and Nitrile Butadiene Rubber (BR) Market Share Analysis
The nitrile butadiene rubber (BR) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nitrile butadiene rubber (BR) market.
The major players covered in the nitrile butadiene rubber (BR) market report are Versalis S.p.A., LANXESS, ZEON CORPORATION., KUMHO PETROCHEMICAL., Synthos., JSR Corporation., SIBUR International GmbH, ARLANXEO., OMNOVA Solutions Inc., TSRC, LG Chem., PetroChina Company Limited, AirBoss of America Corp., Atlantic Gasket Corporation, Precision Associates, Inc., Hanna Rubber Company, Dow, BASF SE, NANTEX Industry Co., Ltd. and Polimeri Europa among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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This nitrile butadiene rubber (BR) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on nitrile butadiene rubber (BR) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nitrile Butadiene Rubber (BR) Market Scope and Market Size
The nitrile butadiene rubber (BR) market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global h market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Nitrile Butadiene Rubber (BR) industries to help players plan effective expansion strategies.
According to the regional analysis, the market is primarily spread over key geographical regions as follows:
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