The analysts forecast global nitrile butadiene rubber (NBR) market to grow at a CAGR of 5.45% during the period 2018-2022. One trend in the market is rising demand for bio-based feedstock.
The use of bio-based feedstock in the production of synthetic rubber is a popular trend. The development of renewable chemicals to produce rubber is growing rapidly on the grounds of achieving sustainability.
Major key players in the global nitrile butadiene rubber (NBR) market: JSR Corporation, KUMHO PETROCHEMICAL, LANXESS, SIBUR, and Versalis.
According to the nitrile butadiene rubber market report, one driver in the market is increasing consumption from automotive and aeronautical industries. NBR is used extensively in the automotive and aeronautical industries.
The automotive industry is projected to be the largest end-user of NBR during the forecast period. NBR is used in the automotive and aeronautical industries to produce fuel hoses, oil hoses, grommets, seals, and binders of frictional materials.
Ordinary rubber cannot be used for these applications.
Further, the nitrile butadiene rubber market report states that one challenge in the market is fluctuating raw material prices. Consistent price fluctuations of raw materials used to manufacture NBR pose a major challenge to the manufacturers.
NBR is a copolymer of acrylonitrile and butadiene. Thus, its prices are directly affected by the prices of these primary inputs.
Both the raw materials are produced from crude oil sources.
Report at www.reportsnreports.com/.aspx?name=1333147.
Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global rubber market segmentation by type (% share)
Exhibit 3: Production process of NBR
Exhibit 4: Global synthetic rubber market
Exhibit 5: Market characteristics
Exhibit 6: Market segments
Exhibit 7: Market definition - Inclusions and exclusions checklist
Exhibit 8: Market size 2017
Exhibit 9: Validation techniques employed for market sizing 2017
Exhibit 10: Global NBR market Market size and forecast 2017-2022 (kilotons)
Exhibit 11: Global NBR market Year-over-year growth 2018-2022 (%)
Exhibit 12: Five forces analysis 2017
Exhibit 13: Five forces analysis 2022
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2017
Exhibit 20: Application Market share 2017-2022 (%)