Global Nitrile Butadiene Rubber (NBR) Market 2018-2022
About Nitrile Butadiene Rubber (NBR)
NBR is a synthetic rubber. Commonly known as Buna-N, it is formed by the copolymerization of acrylonitrile and butadiene. It is known as the base of rubber products in various sectors including automotive and industrial.
Technavio’s analysts forecast the global nitrile butadiene rubber (NBR) market to grow at a CAGR of 5.45% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global nitrile butadiene rubber (NBR) market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nitrile Butadiene Rubber (NBR) Market 2018-2022
Technavio recognizes the following companies as the key players in the global nitrile butadiene rubber (NBR) market: JSR Corporation, KUMHO PETROCHEMICAL, LANXESS, SIBUR, and Versalis.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for bio-based feedstock. The use of bio-based feedstock in the production of synthetic rubber is a popular trend. The development of renewable chemicals to produce rubber is growing rapidly on the grounds of achieving sustainability.”
According to the report, one driver in the market is increasing consumption from automotive and aeronautical industries. NBR is used extensively in the automotive and aeronautical industries. The automotive industry is projected to be the largest end-user of NBR during the forecast period. NBR is used in the automotive and aeronautical industries to produce fuel hoses, oil hoses, grommets, seals, and binders of frictional materials. Ordinary rubber cannot be used for these applications.
Further, the report states that one challenge in the market is fluctuating raw material prices. Consistent price fluctuations of raw materials used to manufacture NBR pose a major challenge to the manufacturers. NBR is a copolymer of acrylonitrile and butadiene. Thus, its prices are directly affected by the prices of these primary inputs. Both the raw materials are produced from crude oil sources.
JSR Corporation, KUMHO PETROCHEMICAL, LANXESS, SIBUR, and Versalis.
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