Global NBR market
- POSTED ON Monday, May 17, 2021
Global NBR market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Major development of the global nitrile butadiene rubber market can be seen in the automotive sector. Sustainability of varied temperatures and resistance to minerals, alkali, oils, and acid makes it favorable to be used in the automotive industry. This sector has been the largest end-use sector of the nitrile butadiene elastic market globally. The other main sectors which are witnessing a significant escalation are the construction sector and the industrial and medical gloves manufacturing sector. The expected government expenditure on developing infrastructure may also give a boost to the nitrile butadiene rubber market in the near future.
Based on application segment, the O-rings & seals segment is the largest application segment of the global NBR market. O-rings and seals are used in various end-use industries, like manufacturing, oil & gas, and automotive. The consumption of O-rings & seals in the automotive industry is directly related to vehicle manufacturing. NBR gloves are preferred over latex gloves, because of low chances of allergy and high puncture resistance.
On the basis of end-use industrysegment,NBR shows excellent oil and fuel resistance along with high resistance to heat, abrasion, water, and gas permeability. These properties growth its applicability in various end-use industries dealing with oil, fuel, gas, and lubricants. NBR is widely used in the production of sealing products for automotive & transportation, oil & gas, manufacturing, and mining industries.
Based on automotive & transportation segment, tires are projected to maintain performance in different weather and surface conditions while meeting the stringent safety norms of various countries. The growing demand for tires offering a smoother and quieter ride with better fuel efficiency has compelled manufacturers to use NBR. The tires made from NBR are widely used in military vehicles and heavy-duty vehicles. NBR is used in tire manufacturing. It is also used in coated tire cord fabrics providing fundamental properties such as controlled deformation, high strength, high affinity, and abrasion resistance.
In terms of region, Asia-Pacific is projected to hold the largest market share during the forecast period. China is estimated to account for the largest share of the market in Asia-Pacific till 2022 and is also expected to be the fastest-growing market for NBR during the forecast period. According to OICA, vehicle manufacturing over the past three years in countries such as China, India, Japan, and Indonesia has increased because of increasing demand. This is projected to increase the consumption of NBR in the region.
The report offers a complete assessment of the market. It does so via detailed qualitative insights, historical data, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and expectations. The examination report serves as a source of study and information for every surface of the market, including but not incomplete to regional markets, technology, types, and applications.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding NBR Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in NBR Market.
For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-nbr-market/30866/Scope of Global NBR Market
Global NBR Market, by Application
• O-Rings & Seals• Hoses, Belts & Cables• Molded & Extruded Products• Adhesives & Sealants• Gloves• OthersGlobal NBR Market, by End-Use Industry
• Automotive & Transportation• Industrial• Oil & Gas• Mining & Metallurgy• Construction• Medical• OthersGlobal NBR Market, by Region
• North America• Europe• Asia Pacific• Middle East & Africa• South AmericaKey Players Operating in Global NBR Market
• Lanxess• Sinopec• Kumho Petrochemical• TSRC Corporation• JSR Corporation• LG Chem• Versalis S.P.A.• Zeon Corporation• Sibur Holding• Omnova Solutions Inc.• Atlantic Gasket Corporation,• Apcotex Industries Limited• AirBoss of America Corp.• BASF SE,• Hanna Rubber Company• Versalis• PetroChina• huangshan hualan technology Co.,ltd• Dow• ARLANXEO
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.