Carboxylated Nitrile Rubber Market Analysis

  • Report ID: 5278
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Carboxylated Nitrile Rubber Market Analysis

Type (Food-Grade, Medical-Grade)

The medical-grade segment is estimated to hold 60% share of the global carboxylated nitrile rubber market in the year 2037. The COVID-19 pandemic has amplified the demand for PPE, including medical gloves, masks, and protective clothing. Medical-grade XNBR is utilized in the production of these critical protective materials, with its resistance to chemicals and pathogens making it a valuable choice in the fight against infectious diseases. The global PPE sales were valued at USD 52.7 billion in the year 2019.

End User (Automotive, Industrial, Oil & Gas)

Carboxylated nitrile rubber market from the automotive segment is expected to garner a significant share in the year 2037. One of the primary drivers for the automotive segment of XNBR is the sustained growth in global automotive production. As more vehicles are manufactured, the demand for high-quality rubber components, such as gaskets, seals, and hoses, increases. XNBR's exceptional oil resistance and durability make it a preferred choice for these critical automotive applications. Global automotive production reached approximately 75 million vehicles in 2020, with projections of continued growth in the coming years. The growth of the automotive segment of XNBR is driven by factors such as increasing automotive production, a focus on fuel efficiency and emissions reduction, the rise of electric vehicles, engine downsizing, durability requirements, and NVH reduction efforts.

Our in-depth analysis of the global carboxylated nitrile rubber market includes the following segments:

           Type

  • Food-Grade
  • Medical-Grade

 

   

           End User

  • Automotive
  • Industrial
  • Oil & Gas
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 5278
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of carboxylated nitrile rubber is assessed at USD 4.32 billion.

The carboxylated nitrile rubber market size was valued at USD 4.18 billion in 2024 and is likely to cross USD 7.05 billion by 2037, registering more than 4.1% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automotive will fuel the market growth.

Asia Pacific industry is expected to account for largest revenue share of 38% by 2037, due to rising demand for eco-friendly rubber materials in the region.

The major players in the market are Zeon Corporation, Kumho Petrochemical Co., Ltd., Lanxess AG, Synthos S.A., Nantex Industry Co., Ltd., LG Chem Ltd., and others.
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