Global Nitrile Rubber Market Will Grow At A CAGR Of 3.72% From 2015 To 2019


Posted August 5, 2016 by Hey147

The global production capacity of nitrile rubber was estimated to reach 1.2 million tons in 2014, and is expected to reach about 1.5 million tons by 2019, growing at a CAGR of 3.72% from 2015 to 2019.
 
Nitrile rubber is a synthetic rubber made from a copolymer of acrylonitrile and butadiene, and is also known as nitrile butadiene rubber (NBR). It has good elastomeric properties and is also resistant to physical hazards like punctures, cuts, snags, abrasion, oil, caustics and aliphatic hydrocarbons. As a result of its strength and resiliency, it is used in several saftety-related applications.
Nitrile rubber is incompatible with solvents and chlorinated hydrocarbons. It is not flame resistant.Use of nitrile gloves while working with nitric acid or oxidizers can be hazardous. It may spontaneously oxidize the gloves, resulting in thermal and chemical burns from heat of oxidation and the caustic sample.
Nitrile rubber is used in the production of fuel hoses, gaskets, rollers, gloves seals, grommets and other products where oil resistance is essential. Nitrile rubber gloves are also used in nuclear industry. This material is also ideal for aeronautical material as its operating temperature ranges from -40 to 108 °C (-40 to 226 °F). Other common uses of nitrile rubber include molded goods, footwear, adhesives, sealants, sponges, foams, non-latex gloves for the healthcare industry, automotive transmission belts and floor mats.
Gloves made of nitrile rubber are used in labs, cleaning and examination work. It is three times more puncture-resistant than natural rubber, and better resistant to oils and acids, although it’s less flexibile.

The global production capacity of nitrile rubber was estimated to reach 1.2 million tons in 2014, and is expected to reach about 1.5 million tons by 2019, growing at a CAGR of 3.72% from 2015 to 2019. By the regions, Asia-Pacific region accounted for the largest market share in 2014, about 40%, and will continue to maintain, followed by North America. Based on the applications, the biggest use of NBR is the production of oil hose and fire-retardant conveyor belt, its consumption accounts for about 50% of total consumption.

Read Full Report: http://www.gosreports.com/global-nitrile-rubber-industry-2016-market-research-report/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Last Updated August 5, 2016