Sustained Demand from Industrial and Automotive Sectors Drives the Global Nitrile Butadiene Rubber Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Nitrile Butadiene Rubber (NBR) markets. The global market for Nitrile Butadiene Rubber (NBR) is projected to reach consumption volume of over 648 thousand tons by the year 2017. Market prospects are primarily determined by strong GDP growth, positive demand from manufacturing, industrial and automotive sectors and stable raw material supply. Long-term growth will be driven by development of infrastructure and construction projects in emerging markets of Asia-Pacific and Latin America.

Nitrile Butadiene Rubber (NBR): A Global Strategic Business Report

Follow us on LinkedIn – Nitrile Butadiene Rubber (NBR) or nitrile rubber finds omnipresent uses in a wide variety of applications ranging from automotive, aerospace to industrial and consumer goods. Demand for NBR is closely tied to GDP growth. Strong growth in GDP, reflective of gains in the manufacturing and industrial sectors, pushes up demand for synthetic rubber as a whole and vice versa. This is primarily because synthetic rubber constitutes a primary source of raw material for numerous rubber-based products. While developed countries slowdown as a result of increased competitive pressure and soft domestic demand, developing countries led by BRIC countries will turbocharge growth in the upcoming years. Although, the NBR industry displayed dormancy in recent years owing to poor economic conditions, the industry displays tremendous growth potential, with NBR continuing to be a part of the complex family of workhorse elastomers.

Consumption of Nitrile Butadiene Rubber (NBR) in automobile parts is poised to grow in the upcoming years. Demand is expected to especially in the developing countries as a result of auto manufacturers steadily shedding full line production processes and stepping up outsourcing to low cost countries in attempts to free up investment capital. For instance, global OEMs and Tier I auto parts suppliers are increasingly adopting outsourcing of auto parts and accessories to effectively tackle escalating production costs and plummeting sales volume. Growing outsourcing trend by the OEMs and Tier I suppliers over the past couple of years has been accelerating auto parts exports from the developing countries. Auto parts manufacturers from low-cost countries are expected to address over 40% of the global auto parts market by the year 2015. The long term prospects are comparatively healthy for the industry with the development of transport means as well as highway construction and auto industry in developing countries such as China propelling the demand for seals, gaskets and other NBR products.

In the medical industry, NBR is increasingly becoming popular as the preferred choice in the manufacture of medical gloves, since nitrile gloves are puncture-resistant in comparison to gloves made from natural rubber. The risk of latex allergies and its identified role in triggering post-surgical complications among patients is creating a dire need for powder free surgical gloves, which interestingly is creating lucrative opportunities for NBR in the manufacture of non-latex medical gloves. Of late, production shortages in raw materials like vinyl and the declining role of latex, which until now was the dominant material used in the manufacture of medical gloves, is helping trigger demand for NBR in this end-use sector. Malaysia is one of the leading manufacturers of latex and nitrile glove products.

Countries in the eastern and central Europe, Latin America and Asia have emerged as the major hubs for synthetic rubber consumption. China, Japan and the US continue to be the leading consumers of rubber worldwide. China, in particular, is the epicenter of growth, owing to robust growth in domestic production of industrial goods and motor vehicles. Other regions in Asia-Pacific are also expected to clock significant growth in consumption, owing to healthy economic growth, growing vehicular production and increasing number of tire manufacturing plants.

Asia-Pacific is the largest and fastest growing market worldwide, as stated by the recent research report on Nitrile Butadiene Rubber (NBR). The Asian region, driven by growth in China, India, Malaysia and other rapidly developing markets, is expected to turbocharge ahead at the strongest CAGR of 4.7% through 2017. China is one of the world’s largest markets for NBR and active development of highways and transportation sectors in the region is a major factor fuelling growth in the overall market. Malaysia is considered the world’s largest exporter and producer of both nitrile and natural rubber gloves.

Key players profiled in the report include Omnova Solutions, Industrias Eliokem S.A.S., Industrias Negromex S.A., Negromex S.A., JSR Corporation, Korea Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Nantex Industry Company Ltd., Nitriflex, PetroChina Company Limited /CNPC, Polimeri Europa SpA, Sibur Holding JSC Synthos SA, and Zeon Corporation.

The research report titled “Nitrile Butadiene Rubber (NBR): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive market overview, impact of recession, current market trends, key growth drivers, recent industry activity, and profiles of major/niche global market participants. The report provides annual consumption estimates and projections for the years 2009 through 2017 in volume (metric tons) terms for geographic markets including, US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nitrile_Butadiene_Rubber_NBR_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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