The Global Nitrile Butadiene Rubber (NBR) Market is Expected to Reach USD 2.7 Billion in 2018: Transparency Market Research
Albany NY (PRWEB) December 03, 2012
The market demand for nitrile butadiene rubber (NBR) is increasing due to growth in the global automobile sector; moreover natural rubber is creating a big cross over opportunity for NBR. Growing number of disease outbreaks and increasing safety concerns is also boosting the global market for NBR. However, rising prices of raw materials and increasing environmental concerns are the major barriers inhibiting the growth of the market.
The global market for NBR by application includes hose, belting and cable, O-rings and seals, medical and industrial gloves, molded and extruded products, adhesives and sealants. Hose, belting and cable is the largest application segment of NBR accounting for approximately 28% of the global NBR produced in 2011. Medical and industrial segments are the fastest growing application segments of NBR due to growing demand for NBR gloves from the medical industry owing to growing health concerns and disease outbreaks. In terms of volume the market is growing at a CAGR of 6% from 2013 to 2018.
NBR shared approximately 14.3% of the global rubber gloves market in 2011. NBR is also the fastest growing product segment in the global rubber gloves market, growing at a CAGR of 9.3% from 2013 to 2018. Due to the steady growth of NBR, it is expected to increase its market share to 15.3% by 2018. Rubber gloves used for medical purposes were the biggest application segment sharing 82% of the application market in 2011. Malaysia is the largest producer of NBR gloves sharing 62% of the global market, followed by Thailand and Indonesia.
Some of the key players of NBR glove manufacturers are Top gloves, Supermax Corporation, Latexx Partners Berhad, and Adventa. Key suppliers to glove manufacturers are Lubrizol, Dow Chemicals, DSM and Zeon Chemicals.
This research is specially designed to estimate and analyze the demand and performance of NBR in a global scenario. The research provides in-depth analysis of NBR manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the NBR market and provides detailed analysis, historical data and statistically refined forecast for the segments covered.