ReportsnReports published a research report on “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 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
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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.
Top Companies Profiled in the Nitrile Butadiene Rubber Market:
- 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)
- OMNOVA Solutions Inc. (US)
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.
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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.