Nitrile Butadiene Rubber (NBR) market is expected to reach US$ 2.11Bn in 2027, with a CAGR of 7.4% for the period 2021-2027, because of the automotive and construction industries are demand for hose, belting, and cable, as well as O-rings and seals, throughout the forecast period.
Nitrile Butadiene Rubber (NBR) Market Overview:
The Nitrile Butadiene Rubber (NBR) Market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Nitrile Butadiene Rubber (NBR) Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Nitrile Butadiene Rubber (NBR) Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmantation :
Nitrile Butadiene Rubber (NBR) Market by Product Type
•Bimodal
• Liquid
• Carboxylated
Nitrile Butadiene Rubber (NBR) Market by Application
• O-rings Seals
• Hoses, Belts Cables
• Molded extruded products
• Adhesives Sealants
• Gloves (Includes Industrial and Medical)
• Others (includes plasticizers, processing aid and resin modifier)
Nitrile Butadiene Rubber (NBR) Market by End-Use industry
• Automotive Transportation
• I ndustrial (Includes Machineries)
• Oil Gas
• Mining Metallurgy
• Construction
• Medical
• Others (includes Cots Aprons, Plastics)
Key Players:
• ARLANXEO
• KUMHO PETROCHEMICAL.
• JSR Corporation.
• LG Chem
• Versalis spa
• ZEON CORPORATION
• SIBUR International GmbH
• OMNOVA Solutions Inc.
• PetroChina Company Limited
• AirBoss of America Corp.
• Atlantic Gasket Corporation
• Precision Associates, Inc.
• Hanna Rubber Company
• Huangshan hualan technology Co.,ltd.
• Dow
• BASF SE
• NANTEX Industry Co., Ltd.
• Polimeri Europa
• Others
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and market breakdowns, which are then checked using primary data.
The biggest players in the Nitrile Butadiene Rubber (NBR) market are as follows:
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Nitrile Butadiene Rubber (NBR) market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Nitrile Butadiene Rubber (NBR) Market:
Due to a stop in operations, end-user sectors where Nitrile Butadiene Rubber (NBR) are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Nitrile Butadiene Rubber (NBR) manufacturers, hurting the growth of the Nitrile Butadiene Rubber (NBR) market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Nitrile Butadiene Rubber (NBR) has fallen.
Key Questions Answered in the Nitrile Butadiene Rubber (NBR) Market Report are:
- In 2021, which segment accounted for the most share of the Nitrile Butadiene Rubber (NBR) market?
- What is the competitive landscape of the Nitrile Butadiene Rubber (NBR) market?
- What are the key factors influencing Nitrile Butadiene Rubber (NBR) market growth?
- In the Nitrile Butadiene Rubber (NBR) market, which region has the most market share?
- What will be the CAGR of the Nitrile Butadiene Rubber (NBR) market during the forecast period (2022-2027)?
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