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Global Nitrile Rubber (NBR) Market is Projected to Reach US$ 3,744 Mn by 2023

Author: QYResearch | Publish date: 2018-08-18 | Views: 8
New report published by QY Research which offers insights on the global Nitrile Rubber (NBR) market. The Nitrile Rubber (NBR) market has been experiencing steady growth graph since past years. The global Nitrile Rubber (NBR) market is valued at 2,285 million USD in 2016 and is expected to reach 3,744 million USD by the end of 2023, growing at a CAGR of 7.31% between 2016 and 2023.

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Global Nitrile Rubber (NBR) Market: Market Driver and Restraint

Nitrile rubber (NBR), also called nitrile-butadiene rubber, an oil-resistant synthetic rubber produced from a copolymer of acrylonitrile and butadiene. Its main applications are in fuel hoses, gaskets, rollers, and other products in which oil resistance is required.

Nitrile rubber is mostly used where high oil resistance is required, as in automotive seals, gaskets, or other items subject to contact with hot oils. The rolls for spreading ink in printing and hoses for oil products are other obvious uses. NBR is also employed in textiles, where its application to woven and nonwoven fabrics improves the finish and waterproofing properties.


Global Nitrile Rubber (NBR) Market: Key Takeaways

·           Nitrile rubber (NBR) is the general term for acrylonitrile butadiene copolymer. The acrylonitrile content of nitrile sealing compounds varies considerably (18% to 50%) and influences the physical properties of the finished material. The higher the acrylonitrile content, the better the resistance to oil and fuel. At the same time, elasticity and resistance to compression set is adversely affected.

·           Nitrile butadiene rubber (NBR) is a family of unsaturated copolymers of 2-propenenitrile and various butadiene monomers (1,2-butadiene and 1,3-butadiene). Although its physical and chemical properties vary depending on the polymer’s composition of nitrile, this form of synthetic rubber is generally resistant to oil, fuel, and other chemicals (the more nitrile within the polymer, the higher the resistance to oils but the lower the flexibility of the material). It is used in the automotive and aeronautical industry to make fuel and oil handling hoses, seals, and grommets.


Global Nitrile Rubber (NBR) Market: Forecast by Nature

The nitrile rubber industry leaders are LANXESS and Zeon, they have good reputations for their nitrile rubber products with advanced technologies. The two companies own about 34% market share totally in the world. China keeps the largest consumption region in the recent few years, whose consumption volume share was 47%. Compared with manufacturers Internally, China’s NBR industry is still in the development stage. Although China is a net importer for the time being, with more and more new capacities to be released in the coming years, China will become a major supplier of NBR internationally.


Global Nitrile Rubber (NBR) Market: Forecast by Application

NBR is used in the automotive and aeronautical industry to make fuel and oil handling hoses, seals, and grommets. It is also used in the nuclear industry to make protective gloves. Demand from Automobiles Industry accounts for the largest market share. Nearly 45% nitrile rubber goes into the automobile industry. Machinery Industry is another key application of nitrile rubber. In 2017, 204 K MT nitrile rubber was consumed in the Machinery Industry.


Global Nitrile Rubber (NBR) Market: Forecast by Form

According to appearance, nitrile rubber can be divide into block type, powder type and particles type. When considering its acrylonitrile content, nitrile rubber can be classified as Low Acrylonitrile Type, Middle Acrylonitrile Type, High Acrylonitrile Type, Ultrahigh Acrylonitrile Type further. The higher the acrylonitrile content, the better the resistance to oil and fuel. At the same time, elasticity and resistance to compression set is adversely affected.


Global Nitrile Rubber (NBR) Market: Forecast by Region

United States, China, Europe, Japan, India, South America are six regions included in the report. USA, Europe and China are the key consumption regions of nitrile rubber presently. China owns about 47% consumption share in the industry and Europe is the follower, with more than 18% share.


Global Nitrile Rubber (NBR) Market: Key Players

LANXESS, Zeon, CNPC, Nantex, KKPC, LG, Ningbo Shunze, Sibur, JSR, Industrias Negromex, Versalis, Petrobras Argentina, Huangshan Hualan Technology, Nanjing Xinfeima Chemical, Jiangyin Zhengbang Chemicals, are the key vendors included in this report.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/556434/global-nitrile-rubber-nbr-sales-market




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