Nitrile Butadiene Rubber (NBR) Market 2018: Top Manufactures, Industry Set for Rapid Growth and Trend by 2022

Nitrile Butadiene Rubber (NBR) Market:Asia Pacific regional market ruled the global market concerning revenue as well as volume. Asia Pacific region was the leading consumer and is prone to be the top growing NBR market during the forecast years. Speedy industrialization, along with expansion in the automotive section is expected to fuel NBR market in emerging countries like China and India during the next few years. The North American market was the second major market due to elevated NBR demand from the healthcare industry. Though, fiscal recession in Europe and North America has affected the growth of NBR market during the last few years. European regional NBR market is projected to expand at a reasonable rate during the next few years since it is still getting better from the economic recession.

Competitive Outlook and Trend Analysis:The major market players for nitrile butadiene rubber (NBR) market are Zeon Chemicals, Lanxess AG, Synthos S.A., Omnova Solutions, Kumho Petrochemical Co., Versalis, Sibur Holding, and JSR Corporation. Lanxess supplies an extensive series of NBR products involving BAYMOD, PERBUNAN, and KRYNAC with high oil resistance, easy processing, high viscosity, high density, high abrasion resistance, and low-temperature flexibility for several end-user industries involving machine construction, automotive, plastic modification, gas/oil exploration, footwear, and electronics.

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The global nitrile butadiene rubber (NBR) market is segmented as follows –

By Product-Hose, belting and cable
Adhesives and sealants
Industrial and medical gloves
Seals and O-rings
Molded and extruded products
Others

By End User-Automotive
Machinery
Cots & aprons
Construction
Plastic modification
Wires & cables
Others

Regional Analysis:North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Industry Trend Analysis:In 2012, the Global Nitrile Butadiene Rubber (NBR) Market was evaluated around USD 1.69 billion and is expected to reach approximately USD 3.29 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 6.86% over the forecast period on account of growing requirement for high-quality plasticizers due to their brilliant mechanical characteristics. Additionally, rising NBR demand in the production of several automobile components involving dash boards, kick panels, brake pads, and brake lining is projected to drive the growth of the global market. NBRs capability to uphold an extensive temperatures range makes it the best material for the applications in aerospace industry. Expansion in the aerospace industry, particularly in emerging regions is expected to fuel the global NBR market during the forecast period. Also, stiffness and hardness of NBR make it a perfect material for nuclear industry applications. NBR is chemical resistant as well as heat resistant and hence it is used over an extensive range of industrial and automotive applications.

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NBR is used as a substitute to latex materials owing to its high strength, puncture resistant and excellent flexibility properties. Major applications of NBR are; the manufacturing of medical & industrial gloves, adhesives, hose, sealants, cables, and belting. Moreover, speedy industrialization along with infrastructure expansion in several regions is expected to fuel the growth of NBR market in emerging countries during next few years. The rising utilization of NBR gloves in industrial & medical applications for protection purposes is projected to drive its market during the forecast period. Though, fluctuating costs of raw material along with ecological concerns are expected to hamper the growth of global NBR market.

Table of Contents:1.Introduction
2.Executive Summary
3.Market Overview
4.Nitrile Butadiene Rubber (NBR) Market, By Application
5.Nitrile Butadiene Rubber (NBR) Market, By End User
6.Nitrile Butadiene Rubber (NBR) Market, By Region
7.Company Profiles

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Major applications of NBR observed in this report involve molded & extruded products, belting & cable, hose, adhesive & sealants, seals & O-rings, industrial & medical gloves, and others involving oil field products, cement, weather stripping cables and gaskets. Medical & Industrial gloves are expected to be the top growing application section while, belting, cable & hose has been the leading application section of the global NBR industry. NBR is widely utilized in oilfields for various applications such as, blow out preventers, seals, and Packers. Also, NBR is widely used in the automobile sector for the production of underhood components where temperatures constantly vary owing to compress airflow inside small engine compartments.

List of Figures:Figure 1.Global Nitrile Butadiene Rubber (NBR) Market Share, By Application, 2012 & 2022
Figure 2.Nitrile Butadiene Rubber (NBR) Market, By End User, 2016, ($Million)
Figure 3.Nitrile Butadiene Rubber (NBR) Market, By Region, 2016, ($Million)
Figure 4.DSM: Net Revenues, 2014-2016 ($Million)
Figure 5.DSM: Net Revenue Share, By Segment, 2016

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