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Nitrile Butadiene Rubber Market SWOT Analysis of Top Key Player Forecasts To 2025

Asia Pacific is expected to provide ample scope for the industry growth of NBR by the end of 2025. China, India, and Southeast Asian countries are likely to reflect a strong growth scenario in the future. The Global Nitrile Butadiene Rubber (NBR) Market is expected to reach USD 2.59 billion by 2025, growing at a CAGR of 3.3%, according to a new report by Grand View Research, Inc. NBR is one of the versatile synthetic rubbers that is highly consumed in high end applications, which require the product to be highly sustainable to varying operational and climatic conditions. This makes the product suitable for use in a wide array of industries. NBR demand in China and India is expected to be driven by significant industrial developments of key end-use sectors in the region including automotive & transportation, metallurgy & mining, oil & gas, equipment & machinery, and medical sectors. These recent developments have propelled the requirements of mechanical goods