Global Nitrile Butadiene Rubber Market, By Application (O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves), By End-User (Automotive & Transportation, Industrial, Oil & Gas, Medical), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

Growing demand from end-use industry applications in developing regions and promotion of application-specific grades by companies is expected to drive the nitrile butadiene rubber market during the forecast period. This market has witnessed number of key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the nitrile butadiene rubber market during the forecast period.

Nitrile Butadiene Rubber (NBR) Latex is a synthetic rubber which is formed by the copolymerization of acrylonitrile and butadiene. The prime application of NBR latex is gloves production owing to their relatively superior performance and structural attributes over other synthetic polymers. The NBR latex provides a high resilience towards oils, chemicals, fuels, and heat and its performance can be enhanced by increasing the acrylonitrile content.

Segmented  Analysis:

The Global Nitrile Butadiene Rubber (NBR) Latex Market is segmented on the basis of application and end-user. On the basis of end-user, it is segmented into O-rings & seals, hoses, belts & cables, molded & extruded products, adhesives & sealants, and gloves. The seals & O-rings are majorly used in various pressure-sensitive applications as well as in various automobile engines as reciprocating and rotary seals for relative motion between inner and outer elements. O-rings are extensively used in order to reduce the friction resulting in the increased shelf life of the vehicle and lower the overall maintenance costs. By end-user, it is segregated into automotive & transportation, industrial, oil & gas, and medical. The NBR latex is majorly used in the medical sector which includes surgical and examination gloves. NBR gloves are more preferred over latex gloves due to their properties such as low chances of allergy and high puncture resistance. The growing healthcare expenditure and the rising standard of living, along with the increasing investments in medical infrastructure are the major applications for the NBR market in this segment. there has been a significant demand of NBR latex in the automotive & transportation sector as they provide as controlled deformation, high strength, high affinity, and abrasion resistance. NBR latex is most widely used in tires and non-tire applications in the automotive & transportation industry

Key Factors Impacting Market Growth:

  • Major epidemics outbreaks all across the globe

  • Increase in individual healthcare spending

  • Rapidly growing healthcare industry

Regional Analysis:

The regional outlook section for the nitrile butadiene rubber market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this regionincludes automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the nitrile butadiene rubber market during the forecast period.

Companies Covered: LG Chem, Precision Dippings Manufacturing Ltd, Zeon Chemicals, OMNOVA Solutions, Kumho Petrochemical, Synthomer, Nantex, Apcotex Industries Limited, Emerald Performance Materials LLC, Bangkok Synthetics Co., Ltd.

Market Segmentation:

By Application:

  • O-Rings & Seals

  • Hoses

  • Belts & Cables

  • Molded & Extruded Products

  • Adhesives & Sealants

  • Gloves

By End User:

  • Automotive & Transportation

  • Industrial

  • Oil & Gas

  • Medical

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By End User

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Application

    • By End User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

    • By End User

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

    • By End User

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By End User

Reasons to Buy This Report:

  • Market size estimation of the Global Nitrile Butadiene Rubber (NBR) Market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: sales@quincemarketinsights.com