12-Mar-2020: The global specialty
nitrile butadiene rubber market size is expected to reach
USD 768.1 million by 2025 expanding at a CAGR of 4.2%, according to a new
report by Grand View Research, Inc. Carboxylated NBR is expected to have a high
market penetration on account of providing excellent resistance to oils and
non-polar solvents. The demand for carboxylated NBR is likely to be driven by
its ability to successfully replace polyurethane in the printing rubber roller
application and to blend with various substances for durability, release, and
temperature. Rising application of printing rubber rollers in abrasive
products, glass industries, and conveying equipment is projected to drive the
market growth.
Extensive usage of
fillers in polymer processing for enhancing the mechanical properties as a
result of rising awareness among buyers in automotive and construction sectors
is projected to increase the demand for NBR. Gains in extrusion and calendaring
segments in emerging economies including China and India on account of growing
automotive and construction sectors are expected to fuel the product demand.
Furthermore, application growth of gloves and masking tapes as a result of
implementation of safety standards in the global manufacturing sector is
expected to play a vital role in boosting the product usage in near future.
In
depth research report on Specialty Nitrile Butadiene Rubber (NBR) Market
Further key findings from the study suggest:
·
Increasing demand for plastic components across several
end-use applications, such as packaging, automotive, medical devices, and home
appliances, will drive the market
·
In terms of revenue, liquid NBR segment is projected to
ascend at a CAGR of 3.9% over the forecast period
·
Carboxylated NBR was the dominant segment in 2018 and
accounting for the largest share of the global specialty NBR market
·
Extrusion & calendering application segment dominated the
market in 2018 and accounted for a share of 49.8%
·
Well-established automotive industry coupled with growing
automotive aftermarket in U.S. is estimated to propel gear, friction bearing,
and bushes applications. This is likely to fuel the product demand
·
Zeon Corporation, JSR Corporation, and Lanxess AG are
projected to remain the key market leaders over the projected period
·
Product innovation and partnerships with buyers for the
development of customized products are projected to remain critical success
factors for the industry participants
Grand View Research
has segmented the global specialty Nitrile Butadiene Rubber (NBR) market on the
basis of product, application, and region:
Specialty NBR Product Outlook (Volume, Thousand Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Carboxylated NBR
·
Bimodal Nitrile Rubber
·
Liquid NBR
Specialty NBR Application Outlook (Volume, Thousand Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Carboxylated NBR
·
Printing Rubber Rollers
·
Extrusion & Calendering
·
Injection Molding
·
Adhesive, Sealant & Mastic
·
Bimodal NBR
·
Printing Rubber Rollers
·
Extrusion & Calendering
·
Polymeric Plasticizers
·
Phenolic Resins Modifier
·
Adhesive, Sealant & Mastic
·
Liquid NBR
·
Polymeric Plasticizers
·
Phenolic Resins Modifier
·
Processing Aid
·
Adhesive, Sealant & Mastic
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
