Nitrile Butadiene Rubber Market anticipated to be driven by the increasing demand from the automotive sector
Nitrile Butadiene Rubber Industry Overview The global nitrile butadiene rubber market size was valued at USD 2.1 billion in 2021. It is expected to expand at a CAGR of 5.2% during the forecast period. The automotive end-use segment is expected to have the highest penetration among all the segments in the global nitrile butadiene rubber market. Increasing utilization of nitrile butadiene rubber products such as seals & O-rings, hoses, belts, molded products, cables, and others in automobiles is significantly propelling market growth in the automotive segment. The rising trend of electric vehicles and technological advancement in the field of driverless cars are expected to fuel the growth of the automotive industry in the coming years, which, in turn, is likely to create demand for nitrile butadiene rubber. Gather more insights about the market drivers, restrains and growth of the Global Nitrile Butadiene Rubber Market The global per capita energy req...