Nitrile Butadiene Rubber Market Size, Trends, Shares, and Forecast - 2031

MARKET INTRODUCTION

Nitrile butadiene rubber is a copolymers of butadiene and acrylonitrile. Nitrile butadiene rubber has exceptional properties such as resistance to oil, gasoline, and other chemicals, which allows it to be used in a variety of industries including automotive, oil and gas, mining, construction, and medical. Nitrile butadiene rubber is used in the automotive and aerospace industries to make oil and gasoline handling hoses, grommets, seats, and self-sealing fuel tanks. It is appropriate for use in nuclear and aviation applications due to its ability to endure high temperatures. It is usually used for manufacturing automotive transmission belts, hoses, O-rings and seals, gaskets, adhesives & sealants, and other products.

MARKET DYNAMICS

Rising demand for nitrile butadiene rubber from automotive and oil and gas industries owing to its excellent strength and resistance to highly reactive chemicals is one of the primary factors driving the market growth. Moreover, rising utilization of nitrile butadiene rubber for manufacturing automotive transmission belts, hoses, O-rings and seals, gaskets is also propelling the market growth. Furthermore, nitrile butadiene rubber is also used as a binding agent in paints and pigments which is also expected to open potential growth opportunities for the market in the coming years. In addition, growing usage of nitrile butadiene rubber for manufacturing synthetic leather products is also driving the product demand from consumer goods industry.

MARKET SCOPE

The "Global Nitrile Butadiene Rubber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the nitrile butadiene rubber market with detailed market segmentation based on application and end use industry. The global nitrile butadiene rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nitrile butadiene rubber market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global nitrile butadiene rubber market is segmented into application and end use industry. By application, the nitrile butadiene rubber market is classified into automotive transmission belts, hoses, O-rings and seals, gaskets, adhesives & sealants, and others. By end use industry, the nitrile butadiene rubber market is classified into automotive, oil & gas, medical & healthcare, construction, paints & pigments, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global nitrile butadiene rubber market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The nitrile butadiene rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the nitrile butadiene rubber market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the nitrile butadiene rubber in these regions.

MARKET PLAYERS

The report covers vital developments in the nitrile butadiene rubber as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury lipsticks are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury lipsticks in the global market. Below mentioned is the list of few companies engaged in the nitrile butadiene rubber market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nitrile butadiene rubber market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Lanxess AG
  
•   Kumho Petrochemical Co.
  
•   Petro China Company Limited
  
•   Synthos S.A.
  
•   Zeon Chemicals
  
•   Sibur Holdings
  
•   Versalis
  
•   JSR Corporation
  
•   Omnova Solutions
  
•   PJSC
  
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Nitrile Butadiene Rubber Report Scope