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Nitrile butadiene rubber market forecast to reach $1.39 billion by 2022

Tuesday, May 15, 2018
Dublin, Ireland - The nitrile butadiene rubber (NBR) market is projected to grow from $992.4 million in 2017 to $1,393.0 million by 2022, at a CAGR of 7.0 percent during the forecast period. NBR is a synthetic rubber manufactured from the copolymer of acrylonitrile and butadiene. The presence of acrylonitrile in NBR determines its strength, resistance to hydrocarbon oils and permeability to gases. NBR is primarily used to develop fuel hoses, gaskets, rollers, seals and self-sealing fuel tanks, owing to oil resistance and heat stability. It is also used to manufacture gloves, molded and extruded products, adhesives and sealants, cables, sponges, expanded foams and floor mats. The increasing applicability of NBR in various end-use industries, such as automotive and transportation, oil and gas, metallurgy and mining, construction and medical, is projected to drive the growth of the NBR market. However, restrictions on the use of phthalates in NBR formulations and availability of substitute materials are acting as restraints to the growth of the NBR market. The o-rings and seals segment is the largest application segment of the NBR market. NBR is widely used in the production of o-rings and seals due to its desirable properties that include low compression set, high tensile strength and improved abrasion resistance, as well as oil resistance. O-rings &and seals are used in end-use industries, such as manufacturing, oil and gas, and automotive. NBR is used in tire and non-tire applications in the automotive and transportation industry. Tires are expected to maintain performance in adverse weather and surface conditions while adhering to stringent safety norms of various countries. The increasing demand for tires offering a smooth ride with improved fuel efficiency has compelled automotive manufacturers to use NBR for the development of tires, which are used in military vehicles and heavy-duty vehicles. NBR is also used in the manufacture of coated tire cord fabrics providing fundamental properties, such as controlled deformation, high strength and affinity, and improved abrasion resistance. The NBR market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increase in the production of automobiles in Asia Pacific countries. China is projected to be a key market for NBR in the Asia Pacific region, followed by South Korea and Japan. Southeast Asian countries, such as Thailand, Indonesia and Malaysia, have become an emerging hub for automobile production, due to the increased disposable income of the middle-class population in these countries. All these factors have equally contributed to the growth of the NBR market in the Asia Pacific region. Key companies operating in the NBR market include Lanxess (Germany), Sinopec (China), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), JSR Corporation (Japan), LG Chem (South Korea), Sibur Holding (Russia), Zeon Corporation (Japan), Versalis S.p.A. (Italy) and Omnova Solutions Inc. (U.S.). - * Email

This Weeks Headlines - Past 7 Days

Monday, May 21, 2018
Redwood Plastics and Rubber appoints Angela Rodenburgh vice president of sales and marketing
GRI served as silver sponsor of the World Rubber Summit 2018
Denka to increase chloroprene rubber production by 10,000 tons
Toyo Tire to launch premium tire for SUVs
Global polyols market forecast to reach $34 billion by 2022

Friday, May 18, 2018
American Tire Distributors Inc. struggles after Goodyear defection
USTMA to roll out National Tire Safety Week May 21 to 28
MonTech to present at Maplanís Days of Technology in South Elgin, IL
Book of the Day - Rubber Extrusion Technology Short Course Notes
Apollo Tyres tops JD Power survey on India Tyre Customer Satisfaction Index

Thursday, May 17, 2018
Momentive announces first quarter results
Lion Elastomers presents the Melvin Mooney distinguished technology award earns best manufacturing website award
Songwon Industrial releases first quarter results
Cabot Corporation named to CR magazineís 100 best corporate citizens list for 2018

Wednesday, May 16, 2018
Evonik awards $9,900 in grants to STEM programs in Indiana
Clariant introduces additive solutions to North American manufacturers for automotive and packaging
Arkema increases prices of Ensoline PHE and Ensoline PHP
Ashland develops high-performance solution acrylic pressure sensitive adhesive
Lubrizol presented Estane TPU high performance solution for surface protection at NPE2018

Tuesday, May 15, 2018
Michelin teams with Vans to create limited-edition Classics to help improve teen driving safety
Cooper Tire & Rubber outlines strategic plan at Investor Day
Maxxis India expands footprint in India
Cooper Standard acquires 80.1 percent of LS Mtronís automotive parts business
Nitrile butadiene rubber market forecast to reach $1.39 billion by 2022

Todays Headlines

VMI Group

Featured Website
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