Data Bridge Market Research analyses the nitrile butadiene rubber (NBR) market will exhibit a CAGR of 7.68% for the forecast period of 2022-2029.
The copolymerization of butadiene with acrylonitrile produces nitrile butadiene rubber (NBR), often known as Buna-N or nitrile rubber. The synthetic rubber nitrile butadiene rubber is a copolymer of acrylonitrile and butadiene. It has strong elongation qualities, exceptional to good compression set resistance, acceptable resilience, and tensile strength, but weak flame and steam resistance. It is most commonly used in applications where strong oil resistance is required, such as automobile seals, gaskets, and other objects that come into contact with hot oils. NBR is a good material for aviation applications since it can tolerate temperatures ranging from 40 to 108 degrees Celsius. Dashboards, brake pads, kick panels, and other components made of nitrile butadiene rubber are commonly utilized in the automobile and industrial industries. In these industries, it is referred to as the rubber labour. Its capacity to maintain various temperature levels is one of its many properties, making it helpful in aeronautical applications. The physical properties of nitrile butadiene rubber, such as hardness and rigidity, make it a suitable material for use in the nuclear sector.
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The increasing demand for NBR products from automotive industry will influence the growth rate of the nitrile butadiene rubber (NBR) market. The expanding public awareness about radiation prevention and rising safety concerns in healthcare are the key elements driving market expansion. The nitrile butadiene rubber (NBR) market is also being driven by factors such as an increasing automotive applications and the surging demand for NBR gloves. Furthermore, increasing expenditure for infrastructure development will enhance the growth rate of nitrile butadiene rubber (NBR) market. Also, the rise in the consumption from aeronautical industry will act as a major factor influencing the growth of nitrile butadiene rubber (NBR) market. Rising demand for bio-based feedstock and increasing preference of these products in petroleum industry due to its oil resistance capability will cushion the growth of nitrile butadiene rubber (NBR) market.
Moreover, expansion of end-user industries will create beneficial opportunities for the growth of the nitrile butadiene rubber (NBR) market. Additionally, technological development, as well as innovations and untapped potential in emerging market, will provide lucrative opportunities for market’s growth.
Key Players Mentioned in the Nitrile Butadiene Rubber (NBR) Market Research Report: Versalis S.p.A., Huangshan Hualan Chemical Co., Ltd., ARLANXEO, KUMHO PETROCHEMICAL., JSR Corporation., LG Chem, ZEON CORPORATION, SIBUR International GmbH, OMNOVA Solutions Inc., PetroChina Company Limited, AirBoss of America Corp., Atlantic Gasket Corporation, Precision Associates, Inc., Hanna Rubber Company, Dow, BASF SE, LANXESS, China Petroleum & Chemical Corporation, TSRC, and NANTEX Industry Co., Ltd., among others.
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However, fluctuation in the prices of raw material will hamper the nitrile butadiene rubber (NBR) market’s growth rate. Also, the simple availability of product substitutes will further pose challenges to the growth of nitrile butadiene rubber (NBR) market. The cultivation of natural rubber and restrictions on the utilization of phthalates in NBR formulations and other environmental regulations on rubber manufacturing will act as market restrains and further impede the growth rate of nitrile butadiene rubber (NBR) market.
This nitrile butadiene rubber (NBR) 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 (NBR) 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 (NBR) Market Scope and Market Size
The nitrile butadiene rubber (NBR) 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.
Based on region, the market is segmented based on North America, Asia-Pacific, Europe, and the Rest of the World. The Europe region is expected to dominate the market during the forecast period. The automotive Nitrile Butadiene Rubber (NBR) requires significant initial investments, which becomes the entry barrier for the small companies in the market. The availability of distinct technologies related to ATIS in the region such as North America, Europe, and Asia-Pacific has propelled the demand for automotive ATISs. An increasing number of manufacturers in the Europe region increases the scope of the market.
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* It offers an analysis of changing competitive scenarios. * For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. * It offers a six-year assessment of Nitrile Butadiene Rubber (NBR) Market. * It helps in understanding the major key product segments. * Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. * It offers a regional analysis of Nitrile Butadiene Rubber (NBR) Market along with the business profiles of several stakeholders. * It offers massive data about trending factors that will influence the progress of the Nitrile Butadiene Rubber (NBR) Market.
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