NBR Market was valued at US$ 1857.39 Mn in 2022 and is expected to grow at US$ 3019.83 Mn in 2029. Global NBR Market size is expected to grow at a CAGR of 7.19 % through the forecast period.
NBR Market Overview:
The goal of this research is to provide an overview of the NBR market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading NBR players, as well as noteworthy industry trends and opportunities.
The analysis also focuses on the Global NBR market’s key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the NBR Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire NBR Market Size from a global perspective by analyzing historical data and prospects.
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Market Scope:
The report also focuses on the leading industry players in the Global NBR market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Drivers:
It seems like you’re asking about the drivers in the NBR (Nitrile Butadiene Rubber) market. NBR is a synthetic rubber that is commonly used in various industries due to its oil resistance, durability, and versatility. Here are some drivers that can influence the NBR market:
- Industrial Growth: The overall growth of industries such as automotive, oil and gas, construction, and manufacturing directly impacts the demand for NBR. As these industries expand, they require rubber products that exhibit excellent resistance to oils, fuels, and chemicals.
- Automotive Sector: NBR is widely used in automotive applications such as gaskets, seals, hoses, and belts. The growing automotive industry, particularly in emerging markets, contributes to the demand for NBR-based components.
- Oil and Gas Exploration: NBR’s resistance to oil and hydrocarbon-based fluids makes it a preferred choice for seals and gaskets in the oil and gas sector. Exploration activities and ongoing maintenance in this industry contribute to NBR demand.
Segmentation:
The Automotive & Transportation category, which is based on End-User, held the biggest market share in 2022 because to its ability to retain performance through a variety of weather and surface conditions while also adhering to the strict safety standards of different nations. Manufacturers are forced to employ NBR due to the rising demand for tyres that provide a smoother, quieter ride with higher fuel efficiency. The automotive industry primarily views Nitrile Butadiene Rubber (NBR) as its workhorse. It is frequently employed in applications involving water handling, seals and grommets, and the handling of gasoline and oil. Additionally, the NBR’s resistance to hot oil makes it a popular material utilised in the automobile industry, particularly for gaskets, oil seals, O-rings, engine hoses, and other parts.
1. Global NBR Market, By Type (2023-2029)
Bimodal
Liquid
Carboxylate
2. Global NBR Market, By Application (2023-2029)
O-Rings & Seals
Hoses, Belts & Cables
Molded & Extruded Products
Adhesives & Sealants
Gloves
Others
3. Global NBR Market, By End Users (2023-2029)
Automotive & Transportation
Industrial
Oil & Gas
Mining & Metallurgy
Construction
Medical
Others
Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the NBR market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide NBR industry
1. LANXESS
2. Sinopec
3. Kumho Petrochemical
4. TSRC Corporation
5. JSR Corporation
6. LG Chem
7. Versalis S.p.A
8. ZEON Corporation
9. SIBUR Holding
10.OMNOVA Solutions Inc.
11.Atlantic Gasket Corporation,
12.Apcotex Industries Limited
13.AirBoss of America Corp.
14.BASF SE,
15.Hanna Rubber Company
16.Versalis
17.PetroChina
18.Huangshan Hualan Technology Co. ltd
19.Dow
20.ARLANXEO
21.CNPC
22.Ningbo Shunze
23.Nantex
24.Nanjing Xinfeima Chemical
25.Jiangyin Zhengbang Chemicals
26 Petrobras Argentina
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the NBR market in these regions.
COVID-19 Impact Analysis on NBR Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the NBR market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the NBR Market Report are:
- What will be the CAGR of the NBR market during the forecast period?
- Which segment emerged as the leading segment in the NBR market?
- Which are the prominent players in the NBR market?
- What will be the NBR market size by 2027?
- Which company held the largest share in the NBR market?
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