Nitrile Butadiene Rubber Market Size Worth $3.2 Billion By 2030
Nitrile Butadiene Rubber Industry Overview The global nitrile butadiene rubber (NBR) market is anticipated to reach USD 3.2 billion at a CAGR of 5.2% from 2022 to 2030 according to a new study by Grand View Research, Inc. The global market is anticipated to be driven by the increasing demand from the automotive industry. NBR is extensively used in the automotive industry manufacturing hoses, cables & belting, O-rings & seals, and other molded & extruded products. Nitrile Butadiene Rubber Market Segmentation Grand View Research has segmented the nitrile butadiene rubber market based on product, end-use, and region: Based on the Product Insights, the market is segmented into Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products, Others. Seals & O-rings product type segment accounted for the largest revenue share of over 19% in 2021. The increasing End-use scope o...