Carboxylated NBR is expected to have a high market penetration on account of providing excellent resistance to oils and non-polar solvents. The global Specialty Nitrile Butadiene Rubber Market size is expected to reach USD 768.1 million by 2025 expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc.
The demand for carboxylated NBR is likely to be driven by its ability to successfully replace polyurethane in the printing rubber roller application and to blend with various substances for durability, release, and temperature. Rising application of printing rubber rollers in abrasive products, glass industries, and conveying equipment is projected to drive the market growth.
Extensive usage of fillers in polymer processing for enhancing the mechanical properties as a result of rising awareness among buyers in automotive and construction sectors is projected to increase the demand for NBR. Gains in extrusion and calendaring segments in emerging economies including China and India on account of growing automotive and construction sectors are expected to fuel the product demand.
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Furthermore, application growth of gloves and masking tapes as a result of implementation of safety standards in the global manufacturing sector is expected to play a vital role in boosting the product usage in near future. Increasing demand for plastic components across several end-use applications, such as packaging, automotive, medical devices, and home appliances, will drive the market.
Top Players of Specialty Nitrile Butadiene Rubber (NBR) Market:
Zeon Corporation, JSR Corporation, and Lanxess AG are projected to remain the key market leaders over the projected period.
Market Segmentation of Specialty Nitrile Butadiene Rubber (NBR) Market:
The Global specialty Nitrile Butadiene Rubber (NBR) Market segmented on the basis of Product, Application, and Region.
By Product:
Carboxylated NBR
Bimodal Nitrile Rubber
Liquid NBR
By Appplication:
Printing Rubber Rollers
Extrusion & Calendering
Injection Molding
Adhesive, Sealant & Mastic
Polymeric Plasticizers
Phenolic Resins Modifier
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