NBR Market by Application (O-Rings & Seals, Hoses, Belts & Cables, Molded & Extruded Products, Adhesives & Sealants, Gloves), End-use Industry (Automotive & Transportation, Industrial, Oil & Gas, Medical), and Region - Global Forecast 2022

  • ID: 4530580
  • Report
  • Region: Global
  • 137 Pages
  • Markets and Markets
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FEATURED COMPANIES

  • JSR Corporation
  • Kumho Petrochemical
  • Lanxess
  • LG Chem
  • Omnova Solutions Inc.
  • Sibur Holding
  • MORE

“The NBR market is projected to grow at a CAGR of 7.0% during forecast period.”

The Nitrile Butadiene Rubber (NBR) market is projected to grow from USD 992.4 million in 2017 to USD 1,393.0 million by 2022, at a CAGR of 7.0% 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 & extruded products, adhesives & sealants, cables, sponges, expanded foams, and floor mats. The increasing applicability of NBR in various end-use industries, such as automotive & transportation, oil & gas, metallurgy & 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 & seals is the fastest-growing application segment of the NBR market.”

The O-rings & seals segment is the largest application segment of the NBR market. NBR is widely used in the production of O-rings & 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 & seals are used in end-use industries, such as manufacturing, oil & gas, and automotive.

“The automotive & transportation end-use industry segment accounted for the largest share of the NBR market.”

NBR is used in tire and non-tire applications in the automotive & 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 Asia Pacific region is the fastest-growing market for NBR.”

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.

Extensive primary interviews have been conducted to determine and verify the market size for several segments and subsegments listed in this report.

The break-up of primary interviews is mentioned below:

  • By Company Type - Tier 1 – 43%, Tier 2 – 25%, and Tier 3 – 32%
  • By Designation – D Level – 32%, C Level – 23%, and Others* – 45%
  • By Region - North America – 23%, Europe – 19%, Asia Pacific – 35%, South America – 15%, Middle East & Africa – 8%

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. (US).

Research Coverage:

This research report categorizes the NBR market on the basis of application, end-use industry, and region. The report includes detailed information regarding factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the NBR market. A comprehensive analysis of key industry players has been performed to provide insights into business overviews, products & services, key strategies, and recent developments associated with the market.

Reasons to Buy the Report

The report will help market leaders/new entrants in the NBR market in the following ways:

  • This report segments the NBR market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
  • The report will help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders understand major competitors and gain insights to enhance their position in the market. The competitive landscape section includes expansions, new product developments, and agreements.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • JSR Corporation
  • Kumho Petrochemical
  • Lanxess
  • LG Chem
  • Omnova Solutions Inc.
  • Sibur Holding
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top Down Approach
2.3 Data Triangulation
2.4 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities for NBR
4.2 NBR Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for NBR Gloves
5.2.1.2 Increasing Demand From Automotive Industry
5.2.2 Restraints
5.2.2.1 Restrictions on Use of Phthalates in NBR Formulations and Other Environmental Regulations on Rubber Manufacturing
5.2.2.2 Availability of Substitute Materials
5.2.3 Opportunities
5.2.3.1 Growing End-Use Industries in APAC
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
5.2.4.2 Natural Rubber Cultivation
5.3 Porter’s Five Forces Analysis
5.3.1.1 Bargaining Power of Buyers
5.3.1.2 Bargaining Power of Suppliers
5.3.1.3 Threat of New Entrants
5.3.1.4 Threat of Substitutes
5.3.1.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Growth Rate Forecast of Major Economies, Globally
5.4.2 Automotive Industry Analysis
5.5 Rubber Industry Analysis

6 NBR Market, By Application
6.1 Introduction
6.2 O-Rings & Seals
6.3 Hoses, Belts & Cables
6.4 Molded & Extruded Products
6.5 Adhesives & Sealants
6.6 Gloves
6.7 Others

7 NBR Market, By End-Use Industry
7.1 Introduction
7.2 Automotive & Transportation
7.3 Industrial
7.4 Oil & Gas
7.5 Mining & Metallurgy
7.6 Construction
7.7 Medical
7.8 Others

8 NBR Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Russia
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 Taiwan
8.4.5 Malaysia
8.4.6 Thailand
8.4.7 Rest of APAC
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America

9 Competitive Landscape
9.1 Overview
9.1 Market Ranking of Key Players
9.2 Competitive Scenario
9.2.1 New Product Developments
9.2.2 Expansions
9.2.3 Joint Ventures
9.2.4 Acquisitions
9.2.5 Partnerships

10 Company Profiles
10.1 Lanxess
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 Lanxess: SWOT Analysis
10.2 Sinopec
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.2.4 Sinopec: SWOT Analysis
10.3 Kumho Petrochemical
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Kumho Petrochemical: SWOT Analysis
10.4 TSRC Corporation
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 Recent Developments
10.4.4 TSRC Corporation: SWOT Analysis
10.5 JSR Corporation
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 JSR Corporation: SWOT Analysis
10.6 LG Chem
10.6.1 Overview
10.6.2 Products Offered
10.7 Versalis S.P.A.
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.8 Zeon Corporation
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 Recent Developments
10.9 Sibur Holding
10.9.1 Business Overview
10.9.2 Products Offered
10.9.3 Recent Developments
10.10 Omnova Solutions Inc.
10.10.1 Business Overview
10.10.2 Products Offered
10.11 Other Players
10.11.1 Synthos Sa
10.11.2 Apcotex Industries Limited

11 Appendix
11.1 Insights From Key Industry Experts
11.2 Discussion Guide
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports

List of Tables:
Table 1 Trends and Forecast for GDP Growth Rates Between 2016 and 2021
Table 2 Automotive Production Statistics of Key Countries in 2017
Table 3 Rubber Production/Consumption Ratio in APAC
Table 4 NBR Market Size, By Application, 2015–2022 (Kiloton)
Table 5 NBR Market Size, By Application, 2015–2022 (USD Million)
Table 6 NBR Market Size in O-Rings & Seals Application, By Region, 2015–2022 (Kiloton)
Table 7 NBR Market Size in O-Rings & Seals Application, By Region, 2015–2022 (USD Million)
Table 8 NBR Market Size in Hoses, Belts & Cables Application, By Region, 2015–2022 (Kiloton)
Table 9 NBR Market Size in Hoses, Belts & Cables Application, By Region, 2015–2022 (USD Million)
Table 10 NBR Market Size in Molded & Extruded Products Application, By Region, 2015–2022 (Kiloton)
Table 11 NBR Market Size in Molded & Extruded Products Application, By Region, 2015–2022 (USD Million)
Table 12 NBR Market Size in Adhesives & Sealants Application, By Region, 2015–2022 (Kiloton)
Table 13 NBR Market Size in Adhesives & Sealants Application, By Region, 2015–2022 (USD Million)
Table 14 NBR Market Size in Gloves Application, By Region, 2015–2022 (Kiloton)
Table 15 NBR Market Size in Gloves Application, By Region, 2015–2022 (USD Million)
Table 16 NBR Market Size in Other Applications, By Region, 2015–2022 (Kiloton)
Table 17 NBR Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 18 NBR Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 19 NBR Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 NBR Market Size in Automotive & Transportation Industry, By Region, 2015–2022 (Kiloton)
Table 21 NBR Market Size in Automotive & Transportation Industry, By Region, 2015–2022 (USD Million)
Table 22 NBR Market Size in Industrial Segment, By Region, 2015–2022 (Kiloton)
Table 23 NBR Market Size in Industrial Segment, By Region, 2015–2022 (USD Million)
Table 24 NBR Market Size in Oil & Gas Industry, By Region, 2015–2022 (Kiloton)
Table 25 NBR Market Size in Oil & Gas Industry, By Region, 2015–2022 (USD Million)
Table 26 NBR Market Size in Mining & Metallurgy Industry, By Region, 2015–2022 (Kiloton)
Table 27 NBR Market Size in Mining & Metallurgy Industry, By Region, 2015–2022 (USD Million)
Table 28 NBR Market Size in Construction Industry, By Region, 2015–2022 (Kiloton)
Table 29 NBR Market Size in Construction Industry, By Region, 2015–2022 (USD Million)
Table 30 NBR Market Size in Medical Industry, By Region, 2015–2022 (Kiloton)
Table 31 NBR Market Size in Medical Industry, By Region, 2015–2022 (USD Million)
Table 32 NBR Market Size in Other End-Use Industries, By Region, 2015–2022 (Kiloton)
Table 33 NBR Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 34 NBR Market, By Region, 2015-2022 (Kiloton)
Table 35 NBR Market, By Region, 2015-2022 (USD Million)
Table 36 North American Light-Vehicle Production
Table 37 North America: NBR Market Size, By Country, 2015-2022 (Kiloton)
Table 38 North America: NBR Market Size, By Country, 2015-2022 (USD Million)
Table 39 North America: NBR Market, By Application, 2015-2022 (Kiloton)
Table 40 North America: NBR Market , By Application, 2015-2022 (USD Million)
Table 41 North America: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 42 North America: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 43 Leading Ports Exporting Light Vehicle Goods
Table 44 US: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 45 US: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 46 Canada: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 47 Canada: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 48 Mexico Accounts for Nearly Half of the Car Production in North America
Table 49 Medical Device and Equipment Market Size in Mexico (USD Billion):
Table 50 Mexico: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 51 Mexico: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 52 Europe: NBR Market Size, By Country, 2015-2022 (Kiloton)
Table 53 Europe: NBR Market Size, By Country, 2015-2022 (USD Million)
Table 54 Europe: NBR Market, By Application, 2015-2022 (Kiloton)
Table 55 Europe: NBR Market, By Application, 2015-2022 (USD Million)
Table 56 Europe: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 57 Europe: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 58 Germany: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 59 Germany: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 60 France: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 61 France: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 62 UK: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 63 UK: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 64 Italy: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 65 Italy: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 66 Russia: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 67 Russia: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 68 Rest of Europe: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 69 Rest of Europe: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 70 APAC: NBR Market Size, By Country, 2015-2022 (Kiloton)
Table 71 APAC: NBR Market Size, By Country, 2015-2022 (USD Million)
Table 72 APAC: NBR Market, By Application, 2015-2022 (Kiloton)
Table 73 APAC: NBR Market, By Application, 2015-2022 (USD Million)
Table 74 APAC: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 75 APAC: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 76 China: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 77 China: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 78 Japan: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 79 Japan: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 80 South Korea: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 81 South Korea: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 82 Taiwan: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 83 Taiwan: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 84 Malaysia: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 85 Malaysia: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 86 Thailand: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 87 Thailand: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 88 Rest of APAC: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 89 Rest of APAC: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 90 Middle East & Africa: NBR Market Size, By Country, 2015-2022 (Kiloton)
Table 91 Middle East & Africa: NBR Market Size, By Country, 2015-2022 (USD Million)
Table 92 Middle East & Africa: NBR Market, By Application, 2015-2022 (Kiloton)
Table 93 Middle East & Africa: NBR Market, By Application, 2015-2022 (USD Million)
Table 94 Middle East & Africa: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 95 Middle East & Africa: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 96 Automotive Components Manufacturers in Saudi Arabia
Table 97 Saudi Arabia: Automotive Parts Import Export Overview, 2015
Table 98 Saudi Arabia: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 99 Saudi Arabia: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 100 Rest of Middle East & Africa: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 101 Rest of Middle East & Africa: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 102 South America: NBR Market Size, By Country, 2015-2022 (Kiloton)
Table 103 South America: NBR Market Size, By Country, 2015-2022 (USD Million)
Table 104 South America: NBR Market, By Application, 2015-2022 (Kiloton)
Table 105 South America: NBR Market, By Application, 2015-2022 (USD Million)
Table 106 South America: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 107 South America: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 108 Brazil: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 109 Brazil: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 110 Rest of South America: NBR Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 111 Rest of South America: NBR Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 112 New Product Developments, 2012-2017
Table 113 Expansions, 2012-2017
Table 114 Joint Ventures, 2012–2017
Table 115 Acquisitions, 2012–2017

List of Figures:
Figure 1 NBR: Market Segmentation
Figure 2 NBR Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 NBR Market: Data Triangulation
Figure 6 O-Rings & Seals to Be the Largest Application of NBR
Figure 7 Automotive & Transportation to Be the Largest End-Use Industry of NBR
Figure 8 APAC NBR Market to Witness Significant Growth
Figure 9 NBR Market Size, 2017 vs 2022
Figure 10 APAC Was the Fastest-Growing Market and Automotive & Transportation Was the Largest Application
Figure 11 Automotive & Transportation Was the Largest End-Use Industry of NBR
Figure 12 APAC to Be the Largest NBR Market
Figure 13 Factors Governing the NBR Market
Figure 14 O-Rings & Seals Was the Largest Application of NBR in 2016
Figure 15 APAC to Be the Fastest-Growing NBR Market in O-Rings & Seals Application
Figure 16 APAC to Lead the Market in Hoses, Belts & Cables Application
Figure 17 APAC to Be the Largest NBR Market in Molded & Extruded Products Application
Figure 18 APAC to Lead the NBR Market in Adhesives & Sealants Application
Figure 19 APAC to Be the Fastest-Growing NBR Market in Gloves Application
Figure 20 APAC to Be the Fastest-Growing NBR Market in Other Applications
Figure 21 Automotive & Transportation Was the Largest End-Use Industry of NBR in 2016
Figure 22 APAC to Be the Largest NBR Market in the Automotive & Transportation End-Use Industry
Figure 23 APAC to Lead the NBR Market in the Industrial Segment
Figure 24 North America to Be the Fastest-Growing NBR Market in Oil & Gas End-Use Industry
Figure 25 APAC to Be the Fastest-Growing NBR Market in Mining & Metallurgy End-Use Industry
Figure 26 APAC to Be the Fastest-Growing NBR Market in Construction End-Use Industry
Figure 27 APAC to Be the Fastest-Growing NBR Market in Medical End-Use Industry
Figure 28 APAC to Be the Fastest-Growing NBR Market in Other End-Use Industries
Figure 29 Regional Snapshot – Rapidly Growing Markets are Emerging as New Hotspots
Figure 30 Europe: NBR Market Snapshot
Figure 31 APAC: NBR Market Snapshot
Figure 32 Key Developments By Leading Players Between 2012 and 2017
Figure 33 Lanxess: Company Snapshot
Figure 34 Sinopec: Company Snapshot
Figure 35 Kumho Petrochemical: Company Snapshot
Figure 36 TSRC Corporation: Company Snapshot
Figure 37 JSR Corporation: Company Snapshot
Figure 38 LG Chem: Company Snapshot
Figure 39 Versalis S.P.A.: Company Snapshot
Figure 40 Zeon Corporation: Company Snapshot
Figure 41 Sibur Holding: Company Snapshot
Figure 42 Omnova Solutions Inc.: Company Snapshot

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  • Lanxess
  • Sinopec
  • Kumho Petrochemical
  • TSRC Corporation
  • JSR Corporation
  • LG Chem
  • Versalis S.P.A.
  • Zeon Corporation
  • Sibur Holding
  • Omnova Solutions Inc.
  • Synthos Sa
  • Apcotex Industries Limited
Note: Product cover images may vary from those shown
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