May 30, 2018 - 6:16 AM EDT
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$1.39 Billion Nitrile Butadiene Rubber (NBR) Market - Global Forecast 2022

Dublin, May 30, 2018 (GLOBE NEWSWIRE) -- The "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 - Global Forecast 2022" report has been added to ResearchAndMarkets.com's offering.

The Nitrile Butadiene Rubber (NBR) market is projected to grow from USD 992.4 million in 2017 to USD 1,393.0 million by 2022, at a CAGR of 7.0% during the forecast period.

The increasing applicability of NBR in various end-use industries, such as automotive & transportation, oil & gas, metallurgy & mining, construction, and medical, is projected to drive the growth of the NBR market. However, restrictions on the use of phthalates in NBR formulations and availability of substitute materials are acting as restraints to the growth of the NBR market.

The O-rings & seals segment is the largest application segment of the NBR market. NBR is widely used in the production of O-rings & seals due to its desirable properties that include low compression set, high tensile strength, and improved abrasion resistance as well as oil resistance. O-rings & seals are used in end-use industries, such as manufacturing, oil & gas, and automotive.

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. NBR is also used in the manufacture of coated tire cord fabrics providing fundamental properties, such as controlled deformation, high strength and affinity, and improved abrasion resistance.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities for NBR
4.2 NBR Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for NBR Gloves
5.2.1.2 Increasing Demand From Automotive Industry
5.2.2 Restraints
5.2.2.1 Restrictions on Use of Phthalates in NBR Formulations and Other Environmental Regulations on Rubber Manufacturing
5.2.2.2 Availability of Substitute Materials
5.2.3 Opportunities
5.2.3.1 Growing End-Use Industries in APAC
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
5.2.4.2 Natural Rubber Cultivation
5.3 Porter's Five Forces Analysis
5.3.1.1 Bargaining Power of Buyers
5.3.1.2 Bargaining Power of Suppliers
5.3.1.3 Threat of New Entrants
5.3.1.4 Threat of Substitutes
5.3.1.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Growth Rate Forecast of Major Economies, Globally
5.4.2 Automotive Industry Analysis
5.5 Rubber Industry Analysis

6 NBR Market, By Application
6.1 Introduction
6.2 O-Rings & Seals
6.3 Hoses, Belts & Cables
6.4 Molded & Extruded Products
6.5 Adhesives & Sealants
6.6 Gloves
6.7 Others

7 NBR Market, By End-Use Industry
7.1 Introduction
7.2 Automotive & Transportation
7.3 Industrial
7.4 Oil & Gas
7.5 Mining & Metallurgy
7.6 Construction
7.7 Medical
7.8 Others

8 NBR Market, By Region

9 Competitive Landscape
9.1 Overview
9.1 Market Ranking of Key Players
9.2 Competitive Scenario
9.2.1 New Product Developments
9.2.2 Expansions
9.2.3 Joint Ventures
9.2.4 Acquisitions
9.2.5 Partnerships

10 Company Profiles

  • Lanxess
  • Sinopec
  • Kumho Petrochemical
  • TSRC Corporation
  • JSR Corporation
  • LG Chem
  • Versalis S.P.A.
  • Zeon Corporation
  • Sibur Holding
  • Omnova Solutions Inc.
  • Synthos Sa
  • Apcotex Industries Limited

For more information about this report visit https://www.researchandmarkets.com/research/jhj3dk/1_39_billion?w=12


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Source: GlobeNewswire (May 30, 2018 - 6:16 AM EDT)

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