Eco-Friendly Nitrile Butadiene Rubber Is The Fastest Growing Segment Fueling Growth Of The Nitrile Butadiene Rubber Market
The global Nitrile Butadiene Rubber Market is estimated to be valued at US$ 2.2 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Nitrile butadiene rubber (NBR) is a family of unsaturated copolymers with acrylonitrile and 1,3-butadiene monomers. NBR possesses high levels of resistance to oil, gas, solvents, and dynamic loads. It also has excellent low-temperature performance, making it ideal for applications in automotive and construction sealants, oil field equipment, molded goods, and more. Market key trends: One of the key trends in the nitrile butadiene rubber market is the growing demand for eco-friendly nitrile butadiene rubber. Eco-friendly NBR uses plant oils and renewable carbon sources instead of petroleum-derived ingredients. It has lower environmental impact and carbon footprint as compared to conventional NBR. Eco-friendly NBR a...