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The Nitrile Butadiene Rubber (NBR) market is anticipated to reach USD 1,393.0 million by 2022

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The Nitrile Butadiene Rubber (NBR) market is anticipated to reach USD 1,393.0 million by 2022

March 05
19:34 2020
The Nitrile Butadiene Rubber (NBR) market is anticipated to reach USD 1,393.0 million by 2022

Browse 156 market data Tables and 42 Figures spread through 149 Pages and in-depth TOC on “NBR Market”
NBR Market by Application (O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves), End-use Industry (Automotive & Transportation, Industrial, Oil & Gas, Medical), and Region

The Nitrile Butadiene Rubber (NBR) market is projected to reach USD 1,393.0 million by 2022, at a CAGR of 7.0% between 2017 and 2022. NBR has several benefits over natural rubber, such as improved resistance to oil and temperature. The increasing use of NBR in O-rings & seals, hoses, and belts applications, rising adoption of synthetic rubber in the automotive industry, and increasing demand for NBR from the Asia Pacific region are major factors projected to drive the growth of the NBR market.

NBR is increasingly being used in the manufacturing of gloves. NBR gloves are preferred over latex gloves, owing to their properties such as high sensitivity, easy moldability, wear resistance, chemical resistance, and long shelf life. Thus, the demand for NBR gloves from the healthcare, construction, oil & gas, and food & beverages industries is contributing to the growth of the NBR market.

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NBR is also used in the development of mechanical rubber goods. It possesses the ability to withstand extreme temperatures ranging from -40 degree Celsius to +107 degree Celsius, which makes NBR suitable for use in aeronautical applications. NBR is also used in the development of automotive seals, gaskets, or other items subject to contact with hot oils. Increasing demand for hoses, belts, and cables from the manufacturing and automotive industries in the Asia Pacific region is projected to drive the growth of the NBR market.

The automotive & transportation industry is the largest end-use industry segment of the NBR market. NBR is used in tire and non-tire applications in the automotive & transportation industry. Tires are expected to maintain performance in adverse weather and surface conditions while adhering to stringent safety norms of various countries. The increasing demand for tires offering a smooth ride with improved fuel efficiency has compelled automotive manufacturers to use NBR for the development of tires, which are used in military vehicles and heavy-duty vehicles. It is also used in coated tire cord fabrics providing fundamental properties, such as controlled deformation, high strength and affinity, and improved abrasion resistance.

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Asia Pacific is the fastest-growing market for NBR, followed by North America. The growth of the NBR market in the Asia Pacific region can be attributed to the increase in the production of automobiles in Asia Pacific countries. The growth of end-use industries, such as automotive, medical, and industrial, and increased government support to propel investments in the automotive industry are additional factors contributing to the rising demand for NBR in the Asia Pacific region.

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