LAS VEGAS, Nov. 22, 2017 (GLOBE NEWSWIRE) -- In 2012, the global nitrile butadiene rubber (NBR)market was evaluated around USD 1.69 billion and is expected to reach approximately USD 3.29 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 6.86% over the forecast period on account of growing requirement for high-quality plasticizers due to their brilliant mechanical characteristics. Additionally, rising NBR demand in the production of several automobile components involving dash boards, kick panels, brake pads, and brake lining is projected to drive the growth of the global market. NBRs capability to uphold an extensive temperatures range makes it the best material for the applications in aerospace industry. Expansion in the aerospace industry, particularly in emerging regions is expected to fuel the global NBR market during the forecast period. Also, stiffness and hardness of NBR make it a perfect material for nuclear industry applications. NBR is chemical resistant as well as heat resistant and hence it is used over an extensive range of industrial and automotive applications. NBR is used as a substitute to latex materials owing to its high strength, puncture resistant and excellent flexibility properties. Major applications of NBR are; the manufacturing of medical & industrial gloves, adhesives, hose, sealants, cables, and belting. Moreover, speedy industrialization along with infrastructure expansion in several regions is expected to fuel the growth of NBR market in emerging countries during next few years. The rising utilization of NBR gloves in industrial & medical applications for protection purposes is projected to drive its market during the forecast period. Though, fluctuating costs of raw material along with ecological concerns are expected to hamper the growth of global NBR market.
Scope of the Report This report focuses on the Nitrile Butadiene Rubber (NBR) in Global market , especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. This report covers collaborations in the field along with new product launches, competitive landscape analysis listing out the mergers, acquisitions, comparative financial studies and recent strategic developments in the market by the major companies.
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The report Nitrile Butadiene Rubber (NBR) Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Nitrile Butadiene Rubber (NBR) Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- Zeon Chemicals
- Lanxess AG
- Synthos S.A.
- Omnova Solutions
- Kumho Petrochemical Co.
- Versalis
- Sibur Holding
- JSR Corporation
- BAYMOD
- PERBUNAN
- KRYNAC
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Table of Contents 1. Introduction 1.1. Report Description 1.2. Research Methodology 1.2.1. Secondary Research 1.2.2. Primary Research 2. Executive Summary 2.1. Key Highlights 3. Market Overview 3.1. Introduction 3.1.1. Market Definition 3.1.2. Market Segmentation 3.2. Market Share Analysis 3.3. Market Dynamics 3.3.1. Drivers 3.3.1.1. Increasing Incidence of Cardiovascular Diseases Globally 3.3.1.2. Rising Geriatric Population Globally 3.3.1.3. Technological Advancements in Defibrillation Devices 3.3.2. Restraints 3.3.2.1. Lack of Awareness about Sudden Cardiac Arrest (SAC) 3.3.2.2. Increasing Price Competition in the Industry 3.3.3. Opportunities 3.3.3.1. Emerging Markets to Offer Lucrative Growth Opportunities 3.4. Industry Trends 4. Nitrile Butadiene Rubber (NBR) Market, By Application 5. Nitrile Butadiene Rubber (NBR) Market, By Region 6. Company Profiles
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Efficiency of this Report
The report Nitrile Butadiene Rubber (NBR) Market by Manufacturers focuses on fundamental segments of this sector. This report consists of Segment wise in-depth analysis in terms of product, application and end user along with market size forecasts and estimations to perceive significant areas of industry growth in detail. Additionally, an executive summary, condensing the entire report in such a way that decision-making team can swiftly become familiar with background information, summarizing analysis and main conclusions.
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