Nitrile Butadiene Rubber (NBR) Market

1. Global Nitrile Butadiene Rubber (NBR) Market by Products, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

2. Thenitrile butadiene rubber (NBR) market was valued at approximately USD 2.14 billion in 2019 and is expected to reach around USD 2.6 billion by 2026, expanding at a CAGR of around 3.3% during the forecast period, between 2020 and 2026. The growth of the market is attributed to surging demand of NBR in various industries such as mechanical, automotive, and oil & gas fields for manufacturing products such as hoses, cables, and extruded goods. Additionally, growing unconventional oil & gas exploration activities across the globe is also boosting the growth of the market. However, low strength is one of the factors hindering the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=95339 Nitrile butadiene rubber (NBR), also known as acrylonitrile butadiene rubber, is a versatile synthetic rubber. It is used for the manufacturing of various industrial products and high end applications. NBR products are required to be highly sustainable to various climatic and operational conditions. These products have the property of high resilience towards chemicals, fuels, oils, and heat. The performance of NBR products is boosted by increasing the content of acrylonitrile content. Thus, these products are suitable for use in various sectors.

3. Market Trends, Drivers, Restraints, and Opportunities: • Increasing safety concerns in health care industry is one of the primary factors driving the growth of the market. • Surging industrial activities across the globe, especially in Asia and Middle East region is propelling the growth of the market. • Growing demand for NBR in various industrial applications for manufacturing hoses, cables, and extruded goods across different sectors is one of the factors boosting the growth of the market. • Rising research & development activities related to micronized powder process is also the factor fueling the growth of the market. • Boosting demand of resilient rubber goods owing to increase in unconventional oil & gas exploration activities across the globe is the major factor driving the growth of the market. • Increasing environmental regulations related to rubber manufacturing process and restrictions on the usage of phthalates in the formulations of NBR are the factors restraining the growth of the market.

4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=95339 Competitive Landscape: Major companies in the global nitrile butadiene rubber (NBR) market include Lanxess AG, Kumho Petrochemical Co., Sinopec Corp, PetroChina, Synthos S.A., Zeon Chemicals, Sibur Holdings, Versalis and JSR Corporation, and Omnova Solutions. The small-scale vendors in Asia Pacific have major impact on the competition. . The companies are using strategic acquisitions such as expansions, capital investments, R&D activities, technological advancements, innovative product launches, product portfolio, collaborations, mergers & acquisitions, and strategic partnerships. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=95339

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