NITRILE BUTADIENE RUBBER MARKET ANALYSIS

Nitrile Butadiene Rubber MarketSize and Trends

Global nitrile butadiene rubber market was valued at US$ 2.2 Bn in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030.

Global Nitrile Butadiene Rubber Market Trends:

• NBR hoses are gaining popularity in a variety of sectors throughout the world: NBR hoses are gaining traction across a wide range of industries worldwide. NBR hoses are majorly used in aerospace equipment, industrial machinery, motor vehicles, and other transportation equipment. Moreover, NBR hoses are attributable to industrial equipment, including off-road equipment, such as construction and agricultural equipment.
• Industries involved in food processing: Food processing industries, leather and textile industries, and some other industries are increasingly adopting nitrile butadiene rubber. NBR is used in the textiles industry, where it is used in woven and non-woven fabrics to enhance the finish and waterproofing properties.