Nitrile Elastomers Market - Forecast(2024 - 2030)

The market is well segmented with a number of players in the market, some big and some small. The major market share is taken by Asian countries, with China being one of the top producers and consumers of the Nitrile Elastomers. The market is matured and is currently facing headwinds due to the volatility of global markets.  The rest of the report describes the product and its application, some key trends in the market and the key players of the market.

An Elastomer is a polymer that has rubber like properties. Nitrile elastomers are copolymers between unsaturated nitriles and conjugated dienes, mostly butadiene. The copolymer thus formed is called Nitrile-Butadiene, Acrylonitrile-Butadiene or Buna–N and so on. Due to its resistance to aliphatic hydrocarbon oil, good temperature resistance and wear resistance it is a vital product in the automotive and mechanical industry against oils and fats. The higher the acrylonitrile content in the product the higher the oil resistance of the product but the opportunity cost in return is the loss of flexibility and usage at lower temperatures.

Due to it inherent resistance to aliphatic hydrogen oils, good wear resistance, good temperature range and strong physical properties, the product is mainly used in the automotive, and oil and gas industry. It is used to produce sealants, tubes, hoses, membranes, vibration dampeners, pump stators. It is also used in the fashion industry to make shoes, shoe soles, belts; in the construction industry in adhesives and flooring and many more applications.  

Key players in this market include: Arlanxeo, Zeon Corporation, Sibur, Sinopec, JSR Corporation, INSA GPRO and many more.

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

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