Global NBR Market : Industry Analysis and Forecast (2018-2026)
Global NBR market was valued at US$ 1.39Bn in 2017 and is expected to reach US$ 2.45Bn by 2026, at a CAGR of 7.34% during a forecast period.Global NBR MarketMajor development of the global nitrile butadiene rubber market can be seen in the automotive sector. Sustainability of varied temperatures and resistance to minerals, alkali, oils, and acid makes it favorable to be used in the automotive industry. This sector has been the largest end-use sector of the nitrile butadiene elastic market globally. The other main sectors which are witnessing a significant escalation are the construction sector and the industrial and medical gloves manufacturing sector. The expected government expenditure on developing infrastructure may also give a boost to the nitrile butadiene rubber market in the near future.
Based on application segment, the O-rings & seals segment is the largest application segment of the global NBR market. O-rings and seals are used in various end-use industries, like manufacturing, oil & gas, and automotive. The consumption of O-rings & seals in the automotive industry is directly related to vehicle manufacturing. NBR gloves are preferred over latex gloves, because of low chances of allergy and high puncture resistance.
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On the basis of end-use industrysegment,NBR shows excellent oil and fuel resistance along with high resistance to heat, abrasion, water, and gas permeability. These properties growth its applicability in various end-use industries dealing with oil, fuel, gas, and lubricants. NBR is widely used in the production of sealing products for automotive & transportation, oil & gas, manufacturing, and mining industries.
Based on automotive & transportation segment, tires are projected to maintain performance in different weather and surface conditions while meeting the stringent safety norms of various countries. The growing demand for tires offering a smoother and quieter ride with better fuel efficiency has compelled manufacturers to use NBR. The tires made from NBR are widely used in military vehicles and heavy-duty vehicles. NBR is used in tire manufacturing. It is also used in coated tire cord fabrics providing fundamental properties such as controlled deformation, high strength, high affinity, and abrasion resistance.Global NBR MarketIn terms of region, Asia-Pacific is projected to hold the largest market share during the forecast period. China is estimated to account for the largest share of the market in Asia-Pacific till 2022 and is also expected to be the fastest-growing market for NBR during the forecast period. According to OICA, vehicle manufacturing over the past three years in countries such as China, India, Japan, and Indonesia has increased because of increasing demand. This is projected to increase the consumption of NBR in the region.
The report offers a complete assessment of the market. It does so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and expectations. The examination report serves as a source of study and information for every surface of the market, including but not incomplete to regional markets, technology, types, and applications.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding NBR Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in NBR Market.
Scope of Global NBR Market
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Global NBR Market, by Application
• O-Rings & Seals
• Hoses, Belts & Cables
• Molded & Extruded Products
• Adhesives & Sealants
• Gloves
• Others
Global NBR Market, by End-Use Industry
• Automotive & Transportation
• Industrial
• Oil & Gas
• Mining & Metallurgy
• Construction
• Medical
• Others
Global NBR Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global NBR Market
• Lanxess
• Sinopec
• Kumho Petrochemical
• TSRC Corporation
• JSR Corporation
• LG Chem
• Versalis S.P.A.
• Zeon Corporation
• Sibur Holding
• Omnova Solutions Inc.
• Synthos Sa
• Apcotex Industries Limited
MAJOR TOC OF THE REPORT
Chapter One: NBR Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global NBR Market Competition, by Players
Chapter Four: Global NBR Market Size by Regions
Chapter Five: North America NBR Revenue by Countries
Chapter Six: Europe NBR Revenue by Countries
Chapter Seven: Asia-Pacific NBR Revenue by Countries
Chapter Eight: South America NBR Revenue by Countries
Chapter Nine: Middle East and Africa Revenue NBR by Countries
Chapter Ten: Global NBR Market Segment by Type
Chapter Eleven: Global NBR Market Segment by Application
Chapter Twelve: Global NBR Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of NBR Market Report at: https://www.maximizemarketresearch.com/market-report/global-nbr-market/30866/
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