San Francisco, 27 March 2019: The Report Nitrile Butadiene Rubber (NBR) Market Analysis By Product (Hoses, Belts, Cables,
Molded, Seals & O-rings, Gloves), By Application (Automotive, Oil &
Gas, Mining, Construction, Medical), And Segment Forecasts, 2018 - 2025
The global nitrile butadiene rubber (NBR) market is expected to reach USD 2.59 billion by 2025, growing at
a CAGR of 3.3%, according to a new report by Grand View Research, Inc. Asia
Pacific is expected to provide ample scope for the industry growth of NBR by
the end of 2025. China, India, and Southeast Asian countries are likely to
reflect a strong growth scenario in the future.
NBR is one of the versatile synthetic
rubbers that is highly consumed in high end applications, which require the
product to be highly sustainable to varying operational and climatic
conditions. This makes the product suitable for use in a wide array of
industries.
NBR demand in China and India is expected
to be driven by significant industrial developments of key end-use sectors in
the region including automotive & transportation, metallurgy & mining,
oil & gas, equipment & machinery, and medical sectors. These recent
developments have propelled the requirements of mechanical goods such as
cables, belts, gaskets, and seals.
Rise in the consumer disposable income and
purchasing power in ASEAN countries including Indonesia and Thailand, has led
to a rapid growth of the automotive industry as well as a strong increase in
aftermarket activities. Moreover, increase in the healthcare expenditure in
these countries is another key factor that is expected to boost the consumption
of nitrile gloves by 2025.
Access Research Report of Nitrile Butadiene Rubber Market @ http://www.grandviewresearch.com/industry-analysis/nitrile-butadiene-rubber-market
Further key findings from the report suggest:
· In terms of volume, the seals & O-rings
segment is expected to rise at a CAGR of 2.9% from 2017 to 2025. This category
is expected to generate a market revenue of nearly US$ 491.3 million by the end
of the forecast period.
· Consumption of nitrile gloves is estimated
to increase at the fastest growth rate over the years ahead, as a consequence
of significant product utilization in the healthcare & hygiene sector
· Wide production expanse particularly in
China and India is likely to drive the NBR consumption in mechanical
engineering applications including vibration dampening materials, impact
machinery, pumps, hydraulic equipment, and compressors
· Europe accounted for the second-largest
revenue share of over 20.0% of the global market in 2016. CIS countries mainly
Russia, are likely to witness fast paced industry growth owing to significant
use of hoses, and seals & O-rings in the oil & gas sector.
· Companies are aiming to strengthen their
positions in the global industry through acquisition, technology licensing, and
collaborations
· In June 2014, Sinopec Corp jointly ventured
with SIBUR, a Russian petrochemicals and gas processing company for the construction
of a nitrile rubber plant with an annual production capacity of 50 kilo tons at
the Shanghai Chemical Industry Park, Shanghai
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global nitrile butadiene rubber (NBR) market on the basis of
product, application, and region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Hoses
·
Belts
·
Cables
·
Molded & Extruded Products
·
Seals & O-rings
·
Rubber Compounds
·
Adhesives & Sealants
·
Gloves
·
Foamed Products
·
Others
Application Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2014 - 2025)
·
Automotive
·
Mechanical Engineering
·
Oil & Gas
·
Metallurgy & Mining
·
Construction
·
Medical
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Nitrile Butadiene Rubber Market@ https://www.grandviewresearch.com/press-release/global-nitrile-butadiene-rubber-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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