Global Nitrile Butadiene Rubber (NBR) Market is projected to grow at a healthy CAGR of 3.12% during the forecast period. Nitrile butadiene rubber (NBR) is a family of unsaturated copolymers of butadiene (BD) and acrylonitrile (ACN). NBR has many properties including high gas impermeability, resistance to wear and tear, thermal resistance, low temperature flexibility. NBR shows high resistance to petroleum products such as gasoline, diesel oil and other fuels over a wide temperature range. NBR is also noted for high strength and excellent resistance to abrasion, water, alcohols and heat. Due to these properties, NBR find application in hose, belting and cable which accounts for 27% of NBR consumption, o-rings and seals (20%), latex applications (14%), molded and extruded products (14%), adhesives and sealants (10%). Other uses of NBR include the use of NBR powder as impact modifier for PVC and ABS. due to these applications there are several end use industries for NBR which include automotive which accounts for 50% of the market, construction, machinery, pharmaceuticals, oil and gas. Growing demand for hose, belting and cable, o-rings and seals from the automotive and construction sector is expected to drive the demand of NBR during the forecast period. Moreover, the availability of substitutes including thermoplastic elastomers (TPE), fluoroelastomers, and natural rubber coupled with the fluctuating prices of NBR is expected to hinder the demand during the forecast period. Upcoming capacity expansions including the upcoming Petronas Chemicals/ LG Chem NBR plant with a capacity of 200 KT in Malaysia is expected to provide opportunities for demand growth during the forecast period.
Owing to the impact of COVID-19, nitrile butadiene rubber demand has declined drastically due to nationwide lockdowns and subsequent disruptions in supply chains. Construction and automotive sectors were the most severely hit sectors during the pandemic which had an impact on NBR industry. However overall good demand growth has been observed in China from the manufacturing sector due to continuation of production activities after the lockdowns.
Region wise, Asia Pacific region holds the major share of global demand for nitrile butadiene rubber due to growing demand for constriction and automotive sector. With China being the hub of automotive sector in the Asia Pacific, many manufacturing companies have set up manufacturing plants in China for nitrile rubber thereby increasing the overall capacity in Asia Pacific. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nitrile butadiene rubber in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of nitrile butadiene rubber which covers production, demand and supply of nitrile butadiene rubber market globally.
•To analyse and forecast the market size of nitrile butadiene rubber .
•To classify and forecast global nitrile butadiene rubber market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global nitrile butadiene rubber market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global nitrile butadiene rubber market.
•To identify and analyse the profile of leading players involved in the manufacturing of nitrile butadiene rubber.
Major players for nitrile butadiene rubber globally include Lanxess, Sinopec, Kumho Petrochemical, TSRC Corporation, JSR Corporation, LG Chem, Versalis S.p.A, ZEON Corporation, SIBUR Holding, and OMNOVA Solutions Inc., and Others.
To extract data for global nitrile butadiene rubber market, primary research surveys were conducted with nitrile butadiene rubber manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global nitrile butadiene rubber market over the coming years.
ChemAnalyst calculated nitrile butadiene rubber demand globally by analyzing the historical data and demand forecast which was carried out considering imported nitrile butadiene rubber, prices, materials used for production of nitrile butadiene rubber . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• nitrile butadiene rubber manufacturers and other stakeholders
•Organizations, forums and alliances related to nitrile butadiene rubber distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as nitrile butadiene rubber manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global nitrile butadiene rubber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use
Construction, Automotive, Machinery, Oil and Gas, Medical.
Market, by Application
Hose, Belting and Cable, O-Rings and Seals, Latex Applications, Molded and Extruded Products, Adhesives and Sealants
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
Available Customizations:
With the given market data, Chemanalyst offers customizations according to a company’s specific needs.
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
12.6.4.Brazil Nitrile butadiene rubber Demand-Supply Scenario, 2015-2030, By Volume
12.6.4.1.Demand
12.6.4.2.Supply
12.6.4.3.Gap
12.6.5.Brazil Nitrile butadiene rubber Demand Outlook, 2015-2030, By Volume
12.6.5.1.By Application
12.6.5.2.By End Use
12.6.5.3.By Sales Channel
12.6.5.4.By Company Share (At least top 3 companies’ market share)
12.6.5.5.By Region
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Clients & Testimonials
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially
helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries with a global view of production and consumption capacity loss that reflects the corresponding conversion factors. It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on supply of the product in the market at a Global level.
Which are the major applications of nitrile butadiene rubber?
Ans:
Hoses, belts, cables, and o-rinds are the major applications of nitrile butadiene rubber.
Q2.
Which region holds the maximum demand share in the Global nitrile butadiene rubber market as of 2020?
Ans:
Asia Pacific holds the major demand share of nitrile butadiene rubber due increasing demand of construction and automotive sector.
Q3.
Do You offer a single or multi-user license?
Ans:
We offer multi-user license, which will allow three users within in your organizations to access the report at any given point of time.
Q4.
Will I get access to Analyst who has authored the report?
Ans:
Yes, you will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.
