According to a latest market report, the nitrile rubber (NBR) market is expected to grow from 992.4 million U.S. dollars in 2017 to 1.393 billion U.S. dollars in 2022, with a compound annual growth rate of 7.0% over the forecast period.
NBR is a synthetic rubber made from a copolymer of acrylonitrile and butadiene. The presence of acrylonitrile determines the high strength, oil resistance, and gas permeability of the rubber.
Thanks to its low compression set, high tensile strength, excellent wear resistance and oil resistance, NBR is widely used for the production of O-rings and seals, O-rings and seals for manufacturing, oil and gas As well as automotive and other end-use industries.
The growing applicability of NBR in various end-use industries such as automotive transportation, oil and gas, metallurgy and mining, construction and healthcare is expected to drive growth in the NBR market.
NBR will also be used in tires. It has been researched to ensure that tires maintain their performance under severe weather and ground conditions, ensuring smooth running of tires and improving fuel efficiency. Automobile manufacturers mostly use NBR for military vehicles and heavy vehicles. Tires.
NBR is also used in tire cord fabrics to improve the controlled deformability, improved wear resistance, and the like.
The compound annual growth rate of the NBR market in the Asia-Pacific region is expected to be the largest in all regions of the world. This increase can be attributed to the increase in automobile production in Asia-Pacific countries. It is expected that China will become the key market for NBR in the Asia-Pacific region, followed by South Korea and Japan. As the disposable income of the middle-class population in these countries increases, Southeast Asian countries such as Thailand, Indonesia, and Malaysia have become emerging hubs for automobile production.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/43702.html
