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USD 319.03 million growth in Nitrile Butadiene Rubber Market | 59% of the growth will originate from APAC | Technavio

·14 min read

NEW YORK, June 24, 2022 /PRNewswire/ -- The latest market analysis report titled Nitrile Butadiene Rubber Market by Application and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. The report projects the market to witness a potential growth difference of USD 319.03 million from 2021 to 2026. The market is anticipated to witness an accelerating growth momentum at a CAGR of 4.5%, according to the latest market analysis report from Technavio. The nitrile butadiene rubber market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

Technavio has announced its latest market research report titled Nitrile Butadiene Rubber Market by Application and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Nitrile Butadiene Rubber Market by Application and Geography - Forecast and Analysis 2022-2026

View Report Sample for CAGR and YOY growth analysis

Key Market Dynamics

  • The report identifies increasing consumption from automotive and aeronautical industries as one of the major factors driving the growth of the market. Nitrile butadiene rubber is extensively used in the automotive and aeronautical industries to produce fuel hoses, oil hoses, grommets, seals, and binders of frictional materials. In addition, the rising demand for bio-based feedstock will be crucial in fueling the growth of the market over the forecast period. Bio-based butadiene is basically produced with the help of renewable raw material sources such as non-food biomass. The intermittent focus of major players to achieve cost-effectiveness and sustainability through the development of bio-based feedstock will positively impact the nitrile butadiene rubber (NBR) market growth during the forecast period.

  • However, the fluctuating raw material prices is one of the challenges impeding the nitrile butadiene rubber market growth. the manufacturers of synthetic rubber may not be able to plan and manufacture accordingly because of the fluctuating raw material prices. Furthermore, there was a drastic decline in the prices in the last few years, which was a relief to nitrile butadiene rubber manufacturers.

Buy Report Sample Now for more insights on factors influencing the market growth

Market Segment Highlights

The Nitrile Butadiene Rubber Market is segmented by Application (HB and C, Seals and O-rings, Industrial and medical gloves, and Molded and extruded products) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • The HB and C segment will account for the highest nitrile butaidiene market share in 2021. The segment will continue to account for the highest revenue during the forecast period.  The hose, belting, and cable segment is the largest in the global nitrile butadiene rubber market. Nitrile butadiene rubber is widely used in different industries, such as automotive and aeronautical, to produce fuel-handling hoses and oil-handling hoses.

  • 59% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for nitrile butadiene rubber market in APAC. Market growth in this region will be faster than the growth of the market in other regions. Increasing automotive production in China, India, Japan, and various other countries will fuel the nitrile butadiene rubber market growth in APAC over the forecast period.

Download Sample Report for more segment-based contribution analysis

Market Scope

The nitrile butadiene rubber market covers the following areas:

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

Nitrile Butadiene Rubber Market Sizing
Nitrile Butadiene Rubber Market Forecast
Nitrile Butadiene Rubber Market Analysis

Companies Mentioned

  • Abbott Rubber Co. Inc.

  • AirBoss of America Corp.

  • Apcotex Industries Ltd.

  • Atlantic Gasket Corp.

  • China National Petroleum Corp.

  • Eni Spa

  • EW Polymer Group LLC

  • Grupo Dynasol

  • Hanna Rubber Co.

  • JSR Corp.

  • Kumho Petrochemical Co. Ltd.

  • LANXESS AG

  • LG Chem Ltd.

  • NANTEX INDUSTRY Co. Ltd.

  • Nitriflex

  • Rahco Rubber Inc.

  • SIBUR Holding PJSC

  • Synthos SA

  • TSRC Corp.

  • Zeon Corp.

Want to know more about the product offerings of each contributing vendor? Request Sample Now!

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Nitrile Butadiene Rubber Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2022-2026

$ 319.03 million

Market structure

Fragmented

YoY growth (%)

3.5

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 59%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Rubber Co. Inc., AirBoss of America Corp., Apcotex Industries Ltd., Atlantic Gasket Corp., China National Petroleum Corp., Eni Spa, EW Polymer Group LLC, Grupo Dynasol, Hanna Rubber Co., JSR Corp., Kumho Petrochemical Co. Ltd., LANXESS AG, LG Chem Ltd., NANTEX INDUSTRY Co. Ltd., Nitriflex, Rahco Rubber Inc., SIBUR Holding PJSC, Synthos SA, TSRC Corp., and Zeon Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Application

  • 5.1 Market segments

  • 5.2 Comparison by Application

  • 5.3 HB and C - Market size and forecast 2021-2026

  • 5.4 Seals and O-rings - Market size and forecast 2021-2026

  • 5.5 Industrial and medical gloves - Market size and forecast 2021-2026

  • 5.6 Molded and extruded products - Market size and forecast 2021-2026

  • 5.7 Others - Market size and forecast 2021-2026

  • 5.8 Market opportunity by Application

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 APAC - Market size and forecast 2021-2026

  • 7.4 Europe - Market size and forecast 2021-2026

  • 7.5 North America - Market size and forecast 2021-2026

  • 7.6 South America - Market size and forecast 2021-2026

  • 7.7 Middle East and Africa - Market size and forecast 2021-2026

  • 7.8 China - Market size and forecast 2021-2026

  • 7.9 US - Market size and forecast 2021-2026

  • 7.10 Japan - Market size and forecast 2021-2026

  • 7.11 Germany - Market size and forecast 2021-2026

  • 7.12 India - Market size and forecast 2021-2026

  • 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Abbott Rubber Co. Inc.

  • 10.4 China National Petroleum Corp.

  • 10.5 Eni Spa

  • 10.6 JSR Corp.

  • 10.7 Kumho Petrochemical Co. Ltd.

  • 10.8 LANXESS AG

  • 10.9 LG Chem Ltd.

  • 10.10 SIBUR Holding PJSC

  • 10.11 Synthos SA

  • 10.12 Zeon Corp.

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/

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