Global Nitrile Butadiene Rubber Market to hit $485.0 Million By 2020

According to the report, the global nitrile-butadiene rubber market was valued at approximately USD 300.0 million in 2014 and is expected to reach approximately USD 485.0 million by 2020, growing at a CAGR of slightly above 6.0% between 2015 and 2020. In terms of volume, global nitrile-butadiene rubber market stood at 75.0-kilo tons in 2014. Zion Market Research has published a new report titled “Nitrile Butadiene Rubber Market for Hose, Cable & Belting, Medical & Industrial Gloves, Adhesives & Sealants, O-Rings & Seals, Molded & Extruded Products and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020”

Nitrile-butadiene rubber is a complex family of various butadiene monomers and unsaturated copolymers. Its chemical and physical properties vary based on the polymer’s composition of nitrile. This form of synthetic rubber is usually resistant to oil, fuel and other chemicals. Some nitrile-butadiene rubbers are hydrogenated to decrease the chemical reactivity of the polymer backbone to enhance heat resistance. NBR finds the wide range of application in fuel hoses, gaskets, rollers, and other products which require oil resistance. Different types of NBR include Cold NBR, hot NBR, cross-linked hot NBR, carboxylated nitrile and bound antioxidant NBR.

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The nitrile butadiene rubber market is classified on the basis of various applications such as medical & industrial gloves, hose, cable & belting, adhesive & sealants, molded & extruded products, o-rings & seals and others. Hose, cable & belting was one of the leading application segments for nitrile butadiene market in 2014. It accounted for over 25.0% market share of the total volume consumed in 2014. It is expected to exhibit rapid growth with significant CAGR between 2015 and 2020. This growth can be attributed to rising demand for hose, belts & cable from manufacturing industries. Adhesives & sealants, o-rings & seals are other important segments for nitrile-butadiene rubber. Medical & industrial gloves segment is also expected to exhibit the fastest growth during the forecast period.

Geographically, Asia Pacific was the leading regional market for nitrile-butadiene rubber and accounted for the largest market share in 2014.  This region was followed by Asia pacific. The growth can be attributed to increasing demand from automotive industry in this region. North America is expected to grow at the moderate rate as compared to Asia pacific and Europe.

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Some of the key -participants in nitrile butadiene rubber market includes Lanxess AG, KOSSAN RUBBER INDUSTRIES BERHAD, Zeon Chemicals, Synthos  S.A., Advent, Kumho Petrochemical Co., JSR Corporation, Sibur Holding and Versalis among others.

This report segments the global nitrile butadiene rubber market as follows: Application Segment Analysis (Hose, Cable & Belting, Medical & Industrial Gloves, Adhesives & Sealants, O-Rings & Seals, Molded & Extruded Products, Others). Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa).

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About allan 819 Articles
Allan Leonetti is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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