Global Bimodal Nitrile Rubber Market – Industry Trends and Forecast to 2029

Global Bimodal Nitrile Rubber Market, By Type (Printing Rubber Rollers, Extrusion and Calendering, Polymeric Plasticizers, Phenolic Resins Modifier, Adhesive, Sealant and Mastic), Application (O-rings and Seals, Hoses, Belts and Cables, Molded and Extruded Products, Adhesives and Sealants, Gloves, Others), End User (Automotive and Transportation, Industrial, Oil and Gas, Mining and Metallurgy, Construction, Medical, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The demand for the product will be fueled by the anticipated significant growth in the global market for adhesives and sealants. Over the next years, the demand for specialty bimodal nitrile rubber products is anticipated to be significantly influenced by the growing demand for materials with high strength and abrasion resistance in the automotive, marine, and aviation industries. As a result, the market is projected to have an accelerated growth pace over the forecast period.

Global Bimodal Nitrile Rubber Market was valued at USD 284.37 million in 2021 and is expected to reach USD 510.97 million by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

The copolymerization of butadiene with acrylonitrile produces nitrile butadiene rubber (NBR), often known as Buna-N or nitrile rubber.  The synthetic rubber nitrile butadiene rubber is a copolymer of acrylonitrile and butadiene. It has strong elongation qualities, exceptional to good compression set resistance, acceptable resilience, and tensile strength, but weak flame and steam resistance. It is most commonly used in applications where strong oil resistance is required, such as automobile seals, gaskets, and other objects that come into contact with hot oils.

Bimodal Nitrile Rubber Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand Across End Users

The burgeoning demand for bimodal nitrile rubber across various end use industries such as automotive and transportation, industrial, oil and gas, mining and metallurgy, construction, medical and others is estimated to carve a way for the growth of the market.

Additionally, factors like rising automotive applications and soaring demand for bimodal nitrile rubber gloves are propelling the bimodal nitrile rubber market. The expansion of the bimodal nitrile rubber market would also be fueled by rising infrastructure development spending. Additionally, the expansion of the bimodal nitrile rubber market would be significantly influenced by the increase in consumption from the aerospace industry.

Opportunities

• Investments and Accelerated Augmentation

Furthermore, significant investments in research and development activities which further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the accelerated augmentation of the architecture, automobiles, and packaging enterprises will further expand the future growth of the bimodal nitrile rubber market.

Restraints/Challenges

• Policies Against Emission

The rigorous acts and laws against the emission and discharge of pollutants in the production of rubber will hinder the market growth.

• Fluctuating Raw Material Prices

One of the main issues facing the bimodal nitrile rubber market is the volatility of raw material costs. Bimodal nitrile rubber is a highly competitive market; even little supply and demand equilibrium shifts are reflected in price variations. Crude oil producers were compelled to lower their prices as a result of the competition between the oil that Saudi Arabia and Nigeria once provided to the U.S. for the Asian market. This price decline has impacted both the upstream oil and gas business and the refining industries. Since bimodal nitrile rubber is a by-product of crude oil, this has impacted the bimodal nitrile rubber market. Therefore, this will challenge the bimodal nitrile rubber market growth rate.

This bimodal nitrile rubber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bimodal nitrile rubber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Bimodal Nitrile Rubber Market

The recent outbreak of coronavirus had a significant impact on the bimodal nitrile rubber market. During the COVID 19 epidemic, medical supplies and products have seen rising demand. The industry for nitrile butadiene rubbers has grown greatly overall, especially as a result of the latex gloves used for medical purposes to stop the transmission of the virus. Similarly, the government's restrictions on travel have boosted the e-commerce trend. Many people chose to shop online. Therefore, the rise of the nitrile butadiene rubbers market has been fueled by the sales of commercial vehicles as a result of the expansion of internet marketing.

Global Bimodal Nitrile Rubber Market Scope

The bimodal nitrile rubber market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Printing Rubber Rollers
• Extrusion and Calendering
• Polymeric Plasticizers
• Phenolic Resins Modifier
• Adhesive
• Sealant and Mastic

 Application

• O-rings and Seals
• Hoses
• Belts and Cables
• Moulded and Extruded Products
• Adhesives and Sealants
• Gloves
• Others

 End User

• Automotive and Transportation
• Industrial
• Oil and Gas
• Mining and Metallurgy
• Construction
• Medical
• Others

Bimodal Nitrile Rubber Market Regional Analysis/Insights

The bimodal nitrile rubber market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.

The countries covered in the bimodal nitrile rubber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the growing investments in the region's automotive, transportation, manufacturing, and medical industries.

Europe, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the presence of several medical industries and chemical manufacturing industries, which further increases demand for the bimodal nitrile rubber in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Bimodal Nitrile Rubber Market Share Analysis

The bimodal nitrile rubber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bimodal nitrile rubber market.

Some of the major players operating in the bimodal nitrile rubber market are

• Versalis S.p.A. (Italy)
• Anqing Hualan Technology Co., Ltd. (China)
• ARLANXEO (Netherlands)
• KUMHO PETROCHEMICAL (South Korea)
• JSR Corporation (Japan)
• LG Chem (South Korea)
• ZEON CORPORATION (Japan)
• SIBUR International GmbH (Austria)
• OMNOVA Solutions Inc. (U.S.)
• PetroChina Company Limited (China)
• AirBoss of America Corp. (Canada)
• Atlantic Gasket Corporation (U.S.)
• Precision Associates, Inc. (U.S.)
• Hanna Rubber Company (U.S.)
• DOW (U.S.)
• BASF SE (Germany)
• LANXESS (Germany)
• China Petroleum & Chemical Corporation (China)
• NANTEX Industry Co., Ltd. (Taiwan)