About Acrylonitrile Butadiene Rubber
Acrylonitrile butadiene rubber is also known as Nitrile synthetic rubber, acrylonitrile rubber, Nitrile/NBR, and nitrile-butadiene rubber. Acrylonitrile butadiene rubber (NBR) is essentially an acrylonitrile and butadiene copolymer obtained by emulsion polymerization of butadiene with 15 to 45 percent acylonitrile either hot or cold rubber. High acrylonitrile content of Acrylonitrile butadiene rubber is better oil and abrasion resistance, whereas grades with low acrylonitrile content have better low-temperature resilience and flexibility and NBR is widely used for the manufacture of various oil-and-petrol resistant that is projected the growth of the acrylonitrile-butadiene rubber market in the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Acrylonitrile Butadiene Rubber market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are LG Chem, Shell, BASF SE, and Lanxess. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Acrylonitrile Butadiene Rubber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LG Chem (South Korea), Shell (Netherlands), BASF SE (Germany), Lanxess (Germany), Synthos Group (Poland), Ineos (United Kingdom), Braskem (Brazil), Evonik (Germany), Versalis S.p.A. (Italy) and Exxon Mobil Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SABIC (Saudi Arabia) and Repsol (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Acrylonitrile Butadiene Rubber market by Type (High Nitrile: > 45 % Nitrile, Medium Nitrile: 30 - 45% and Low Nitrile: < 30%), Application (Gaskets, Seals, Diaphragms, Gasoline Hoses, Liners, Tubing, O-Rings and Cable Jacketing) and Region.
On the basis of geography, the market of Acrylonitrile Butadiene Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Verticals, the sub-segment i.e. Aviation Industry will boost the Acrylonitrile Butadiene Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Rapid Demand for PVC resins
Market Growth Drivers:
Increasing Rubber Industry in Developing and Developed Countries and Growing of Automobile Industry in Emerging Economies Including China, India, and Mexico
Challenges:
Poor performance when exposed to UV, general weathering, and ozone
Restraints:
Heat Resistant Grade and Liquid NBR Grade are hindering the Market Growth
Opportunities:
Increasing Expenditure on Personal Safety and Hygiene is expected to drive the NBR Product
Market Leaders and their expansionary development strategies
On June 13, 2019, ExxonMobil and SABIC have announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas.
In October 6, INEOS Styrolution announced the introduction of bio-attributed Terluran acrylonitrile butadiene styrene (ABS) solutions as a supplement to the previously offered mechanically recycled Terluran ECO materials.
Key Target Audience
Acrylonitrile Butadiene Rubber Manufacturers, Rubber Industry, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.