Global Nitrile Butadiene Rubber Market Set for Rapid Growth, To Reach Around USD 485.0 Million By 2020
Global nitrile-butadiene rubber market was valued at USD 300.0 million in 2014 and is expected to reach USD 485.0 million by 2020, growing at a CAGR of slightly above 6.0% between 2015 and 2020.
Zion 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” 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 kilo tons in 2014.
Nitrile-butadiene rubber is a complex family of various butadiene monomers and unsaturated copolymers. Its chemical and physical properties vary based on the polymer’s composition of nitrile. This form of synthetic rubber is usually resistant to oil, fuel and other chemicals. Some nitrile-butadiene rubbers are hydrogenated to decrease the chemical reactivity of the polymer backbone to enhance heat resistance. NBR finds wide range of application in fuel hoses, gaskets, rollers, and other products which requires oil resistance. Different types of NBR include Cold NBR, hot NBR, cross-linked hot NBR, carboxylate nitrile and bound antioxidant NBR.
Browse the full "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" report at http://www.marketresearchstore.com/report/nitrile-butadiene-rubber-market-z48039
The nitrile butadiene rubber market is classified on the basis of various applications such as medical & industrial gloves, hose, cable & belting, adhesive & sealants, molded & extruded products, o rings & seals and others. Hose, cable & belting was one of the leading application segments for nitrile butadiene market in 2014. It accounted for over 25.0% market share of the total volume consumed in 2014. It is expected to exhibit rapid growth with significant CAGR between 2015 and 2020. This growth can be attributed to rising demand for hose, belts & cable from manufacturing industries. Adhesives & sealants, o-rings & seals are other important segments for nitrile-butadiene rubber. Medical & industrial gloves segment is also expected to exhibit fastest growth during the forecast period.
Geographically, Asia Pacific was the leading regional market for nitrile-butadiene rubber and accounted for largest market share in 2014. This region was followed by Asia pacific. The growth can be attributed to increasing demand from automotive industry in this region. North America is expected to grow at moderate rate as compared to Asia pacific and Europe.
Some of the key -participants in nitrile butadiene rubber market includes Lanxess AG, KOSSAN RUBBER INDUSTRIES BERHAD, Zeon Chemicals, Synthos S.A., Adventa, Kumho Petrochemical Co., JSR Corporation, Sibur Holding and Versalis among others.
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This report segments the global nitrile butadiene rubber market as follows:
Global Nitrile Butadiene Rubber Market: Application Segment Analysis
- Hose, Cable & Belting
- Medical & Industrial Gloves
- Adhesives & Sealants
- O-Rings & Seals
- Molded & Extruded Products
Global Nitrile Butadiene Rubber Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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