Nitrile Butadiene Rubber Market: Asia Pacific Led The Global Demand With A Share

 Nitrile Butadiene Rubber Industry Overview

The global nitrile butadiene rubber market size was valued at USD 2.1 billion in 2021. It is expected to expand at a CAGR of 5.2% during the forecast period. The automotive end-use segment is expected to have the highest penetration among all the segments in the global nitrile butadiene rubber market. Increasing utilization of nitrile butadiene rubber products such as seals & O-rings, hoses, belts, molded products, cables, and others in automobiles is significantly propelling market growth in the automotive segment. The rising trend of electric vehicles and technological advancement in the field of driverless cars are expected to fuel the growth of the automotive industry in the coming years, which, in turn, is likely to create demand for nitrile butadiene rubber.

The global per capita energy requirement is gradually increasing over the years, which is expected to portray growth opportunities for the U.S. oil & gas industry. In addition, increasing shale gas production in the country is projected to fuel the growth of the oil & gas industry. Factors such as tax credits, low-interest rates, R&D programs for natural gas, and focus on reducing the dependency on foreign oil & gas imports are propelling shale gas production in the country. All these aforementioned factors are expected to drive the oil & gas industry in the U.S., which, in turn, is projected to create significant demand for nitrile butadiene rubber in the country in the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Nitrile Butadiene Rubber market

 

However, the negative impact of COVID-19 outbreaks on the growth of various industries such as oil & gas, automotive, construction, and others due to slowdown in manufacturing & production activities, restrictions in supply & transport, and decline in demand from end-use consumers is anticipated to hamper the market growth. Moreover, rising COVID-19 positive cases in the country is expected to create significant demand for nitrile butadiene rubber gloves.


Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Vials And Ampoules - The global vials and ampoules market size was estimated at USD 6.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028. The market growth is expected to be driven by the increasing consumption of biologics, insulin, and vaccine globally.

  • Flexitanks Market - The global flexitanks market size was valued at USD 717.4 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2020 to 2028. Increasing global trade, coupled with the competitive benefits of flexitanks over their traditional substitutes, such as ISO containers, drums, barrels, and IBCs, is expected to drive the industry.

 

Nitrile Butadiene Rubber Market Segmentation

Grand View Research has segmented the nitrile butadiene rubber market based on product, end-use, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Hoses
  • Belts
  • Cables
  • Molded & Extruded Products
  • Seals & O-rings
  • Rubber Compounds
  • Adhesives & Sealants
  • Gloves
  • Foamed Products
  • Others

End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Automotive
  • Mechanical Engineering
  • Oil & Gas
  • Metallurgy & Mining
  • Construction
  • Medical
  • Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)


Key Companies profiled:

Some prominent players in the nitrile butadiene rubber market include:

  • ARLANXEO
  • Zeon Chemicals L.P.
  • NITRIFLEX
  • SIBUR
  • PetroChina Company Limited
  • Dynasol Group
  • Synthos S.A.
  • KUMHO PETROCHEMICAL
  • LG Chem
  • Versalis S.p.A.
  • JSR Corporation
  • AirBoss of America
  • Atlantic Gasket Corporation
  • Precision Associates Inc.
  • Anqing Hualan Technology Co., Ltd.
  • NANTEX Industry Co., Ltd.
  • Apcotex Industries Limited
  • Chang Rubber
  • Hanna Rubber Company

 

Order a free sample PDF of the Nitrile Butadiene Rubber Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi
Read more

U.S. Cannabis Market is Anticipated To Be Valued At USD 40.1 Billion By 2030

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and chemotherapy-induced
Read more

Bioplastics Industry 2022-2030: Comprehensive Market Study

  Bioplastics Industry Data Book | Forecast 2030 Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Grand View Research’s bioplastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.   Access the Global Bioplastics Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Read more