Nitrile Butadiene Rubber Market Valuation Is Expected To Exceed USD 3.26 Billion By 2030: Grand View Research Inc.
San Francisco, 1 March 2024: The Report Nitrile Butadiene Rubber Market Size, Share & Trends Analysis Report By Product (Hoses, Belts, Cables, Molded & Extruded Products), By Application (Automotive, Mechanical Engineering, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030 The global nitrile butadiene rubber market size is expected to reach USD 3.26 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.8% from 2024 to 2030. Extensive utilization of nitrile butadiene rubber (NBR) across the automotive and transportation industry along with usage across hoses & gaskets across the oil & gas industry are anticipated to propel the demand for NBR. However, since acrylonitrile and butadiene are both the major raw materials for NBR, fluctuations across the prices of these raw materials poses as a challenge for the market. Furthermore, the NBR market space is highly competitive, since many manufacturers