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

The nitrile 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.

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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.

NBR has properties such as relatively outstanding performance and structural attributes as compared to synthetic polymers. NBR can handle temperature between -104°F and 224.6°F.

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.
Lack of flexibility and low strength of NBR is one of the primary factors hampering the growth of the global nitrile butadiene rubber (NBR) market.

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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.

The global nitrile butadiene rubber (NBR) market has been segmented on the basis of

Products

Hoses
Belts
Cables
Gloves
Seals & O-rings
Adhesives & Sealants
Rubber Compounds
Foamed Products
Molded & Extruded Products
Others

Applications

Automotive
Mechanical Engineering
Construction
Oil & Gas
Metallurgy & Mining
Medical
Others

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Nitrile Butadiene Rubber (NBR) Market Overview
Global Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast by Type
Global Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast by Application
Global Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast by Sales Channel
Global Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast by Region
North Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast
Latin Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast
Europe Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast
Asia Pacific Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast
Middle East & Africa Nitrile Butadiene Rubber (NBR) Market Analysis and Forecast
Competition Landscape

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