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Market Defination:Nitrate butadiene rubber is a class of synthetic rubber which is a copolymer of butadiene and acrylonitrile. Nitrate butadiene rubber has excellent qualities such as resistance to oil, fuel, and other chemicals which paves their way into many end user industry such as automotive, oil and gas, mining, construction and medicine among others.
In the automotive and aeronautical industry, nitrate butadiene rubber finds its application in making, oil and fuel handling hoses, grommets, seats, and self-sealing fuel tanks. The ability to withstand high temperature makes it ideal for use in nuclear and aeronautical applications.
Nitrate butadiene rubber is also used in the manufacture of footwear, adhesives, sealants, floor mates, sponges and others. Moreover, nitrate butadiene rubber is also used in the production of protective gloves, owing to superior strength and high resistance to oils and acids. However, volatile raw material prices can be seen as a major down side to the growth of the nitrate butadiene rubber market.
Nitrile Butadiene Rubber Key Players:
Lanxess AG (Germany), Kumho Petrochemical Co.(South Korea), PetroChina (China), Synthos S.A.(Poland), Zeon Chemicals (U.S.), Sibur Holdings (Russia), Versalis (Italy), JSR Corporation (Japan), Omnova Solutions (U.S.), and ARLANXEO (Germany) among others.
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Among the various product segments in nitrile butadiene rubber market, the oil and gas application is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The growing consumption of the product in sealing, tubing, molding compounds due to high resistance of nitrate butadiene rubber to solvents, oils, and other fuels is a major factor driving the growth of this segment.
Regional Analysis:
The global nitrile butadiene rubber market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the construction and automotive among others, which, in turn, is anticipated to fuel the demand for nitrile butadiene rubber in the region. Moreover, the growing oil and gas industry, mainly in India and China is also expected to contribute to the market growth.
The European region is estimated to witness a significant growth in the countries owing to the burgeoning aerospace and automobile industry. The increasing use of nitrile butadiene rubber owing to its enhanced strength, chemical and heat stability among others has increased the adoption rate in the region.
The North American nitrile butadiene rubber market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries such as automotive and construction coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing investment in the infrastructural development is further expected to add fuel to the growth of the market.
Segmentation:
The global Nitrile Butadiene Rubber market is segmented into product type, and end-user. On the basis of the product type, the market is segregated into hoses, belts, cables, molded seals & o-rings, gloves and others. The market by end user industry is further categorized into automotive, oil & gas, mining, construction, medical and others
Nitrile butadiene rubber Intended Audience:
Nitrile butadiene rubber market manufacturers
Traders and Distributors of nitrile butadiene rubber market
Production process industries
Potential investors
Raw material suppliers
Nationalized laboratory
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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