Nitrile Butadiene Rubber Market will Procure $485.0 million by 2021

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Nitrile Butadiene Rubber Market will Procure $485.0 million by 2021

According to the report, the global nitrile-butadiene rubber market was valued at approximately USD 300.0 million in 2014 and is expected to reach approximately USD 485.0 million by 2020, growing at a CAGR of slightly above 6.0% between 2015 and 2020. In terms of volume, global nitrile-butadiene rubber market stood at 75.0 kilotons in 2014. Zion Market Research has published a new report titled “Nitrile Butadiene Rubber Market for Hose, Cable & Belting, Medical & Industrial Gloves, Adhesives & Sealants, O-Rings & Seals, Molded & Extruded Products and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”

Nitrile rubber, also known as Buna-N or NBR, is a synthetic rubber copolymer of acrylonitrile and butadiene monomers. It is also known as the workhorse of the automotive and industrial rubber products industries. Higher nitrile content in a polymer increases the resistance to oil, however; the flexibility of the material reduces. In order to reduce the chemical reactivity of the polymer backbone, some NBR elastomers are hydrogenated which in turn improves heat resistance. NBR finds widespread application in fuel hoses, rollers, gaskets, and other products which require oil resistance.

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The major driving factor of nitrile-butadiene rubber market is strong demand for manufacturing different automotive components such as brake lining, dashboards, and kick panels. Increasing demand from medical & industrial gloves industry is another key factor that contributes market growth during the forecast period. Moreover, developing infrastructure coupled with rising industrialization worldwide is expected to further fuel the market growth. However, environmental awareness and price volatility are expected to hamper the growth of NBR market in the years to come.

Key application segments of NBR market includes hose, belting & cable, medical & industrial gloves, adhesives & sealants, o-rings & seals, molded & extruded products and others.

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Hose, belting & cable application segment dominated nitrile-butadiene rubber market on the account of rising demand for hose, belts & cable manufacturing industries. Medical & industrial gloves are leading end-use sector and are predicted to exhibit significant growth over the forecast period.

On the basis of geography, global nitrile-butadiene rubber market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America regions. Asia Pacific region accounted for the major share of nitrile-butadiene rubber market, followed by Europe in 2014. In terms of demand, Asia Pacific is projected as the fastest growing market in the years to come. Europe is expected to exhibit significant growth over the forecast period. This growth can be attributed to increasing demand from rapidly developing automotive industry in these regions.

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Some of the key participants in this market involve Lanxess AG, KOSSAN RUBBER INDUSTRIES BERHAD, Omnova Solutions, Zeon Chemicals, Synthos  S.A., Adventa, Kumho Petrochemical Co., JSR Corporation, Sibur Holding, and Versalis.

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