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The nitrile butadiene rubber (NBR) foam products market size is estimated to grow at a CAGR of 4.74% between 2023 and 2028. The market size is forecast to increase by USD 61.51 million. The growth of the market depends on several factors, including the increasing use of NBR foam in HVAC systems, the emerging applications of NBR foam in medical and healthcare industry, and the growing demand for NBR foam in EVs. It also includes an in-depth analysis of drivers, trends, and challenges.
The report includes a comprehensive outlook on the NBR foam products Market, offering forecasts for the industry segmented by Type, which comprises close cell rubber and semi-closed cell rubber. Additionally, it categorizes Application into HVAC, automotive, electrical and electronics, construction, and others, and covers Regions, including APAC, North America, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
NBR foam is a type of synthetic rubber foam material that is known for its excellent resistance to oil, fuel, and chemicals, as well as its flexibility and durability. It is also known as Buna-N and acrylonitrile butadiene rubber. NBR foam is derived from the polymerization of butadiene and acrylonitrile.
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Emerging applications of NBR foam in medical and healthcare industry is the key factor driving market growth. NBR foam's insulation properties make it suitable for use in medical equipment, where maintaining temperature stability is important. NBR foam, known for its flexibility and cushioning properties, may find applications in the development of patient comfort products. The shock-absorbing characteristics of NBR foam make it potentially useful in orthopedic devices. NBR foam's resistance to moisture and chemicals makes it a suitable material for medical packaging.
Moreover, NBR foam potentially finds applications in dental products, such as cushions for dental chairs or as components in dental appliances, leveraging comfort and insulating properties. Consequently, the emerging applications of NBR foam in the medical and healthcare industry will drive the growth of the global NBR foam products market during the forecast period.
Integration of NBR foam with Internet of Things (IoT) is the primary trend shaping market growth. For applications where NBR foam is used, such as in automotive components or industrial seals, IoT integration could enable condition monitoring. Sensors embedded within the foam could provide data on factors such as wear and tear, compression, or environmental conditions. Radio-frequency identification (RFID) and tracking technologies could be integrated with NBR foam products to provide visibility into the supply chain.
Furthermore, NBR foam is known for its sound insulation properties. Integration with IoT sensors could enhance soundproofing solutions by enabling real-time adjustments based on ambient noise levels or specific acoustic requirements. Thus, the integration of NBR foam with the IoT will impel the growth of the global NBR foam products market during the forecast period.
The complexity of NBR foam processing is a challenge that affects market growth. Executing uniform cell structure requires precise control over the expansion process during the formation of the foam. Inconsistencies in expansion rates or pressure conditions can lead to variations in cell size and distribution. The quality and composition of the NBR raw material determine the foaming process. Inconsistent raw material quality, variations in nitrile content, or the presence of impurities can negatively affect the uniformity of the cell structure.
Furthermore, temperature control during the foaming process is critical for achieving a consistent cell structure. In addition to that, the chemical stability of the NBR material during production is essential. In molding processes, maintaining proper pressure conditions is crucial for achieving uniform cell structure. Inconsistent pressure during molding can result in variations in foam density and cell size. Thus, the concerns associated with maintaining the uniform cell structure of NBR may hamper the growth of the market during the forecast period.
The market share growth by the close cell rubber segment will be significant during the forecast period. Closed-cell NBR foam rubber is naturally water-resistant because its closed-cell structure prevents the absorption of water. Closed-cell NBR foam rubber has good resistance to compression set, meaning it can bounce back to its original shape after being compressed. This property is essential for maintaining the material's performance and longevity over time. Closed cell foam is buoyant, meaning it floats on water.
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The close cell rubber segment accounted for USD 116.10 million in 2018. The closed-cell structure also contributes to sound-damping properties, making NBR foam rubber suitable for applications where noise reduction is essential, such as in automotive and industrial settings. Thus, these factors will contribute to the growth of the closed cell rubber segment and boost the growth of the global NBR foam products market during the forecast period.
NBR foam is often used to protect HVAC ductwork to prevent heat loss or gain. It helps maintain the desired temperature within the ducts, improving energy efficiency. NBR foam is used to insulate pipes within HVAC systems. The selection of NBR foam in HVAC is based on the excellent thermal insulation properties, resistance to moisture, flexibility, and ease of fabrication. It helps HVAC systems operate efficiently, lowers energy consumption, and enhances overall performance, which, in turn, will fuel the growth of the HVAC segment and nitrile butadiene rubber foam products market during the forecast period.
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The rapid industrialization in APAC countries, particularly in China and India, has led to increased demand for NBR foam products in different industries, such as automotive, construction, electronics, and packaging. The automotive sector in APAC is witnessing robust growth due to increasing urbanization, rising incomes, and a growing middle class. nitrile butadiene rubber (NBR) foam products market is growing due to this foams are used in automotive applications for insulation, gaskets, vibration control, and driving demand. The construction industry in the APAC region is experiencing substantial growth, driven by urbanization, infrastructure development, and housing projects.
Furthermore, governments in the APAC region such as India and China are investing heavily in infrastructure projects, including transportation, energy, and utilities. These projects create demand for insulation and sealing materials, benefiting the nitrile butadiene rubber foam products market. Thus, such factors will drive the growth of the NBR foam products market in APAC during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Adhesive Specialities, ALP Group, ARLANXEO Holding BV, Armacell International SA, Clockpress Ltd., Compagnie de Saint Gobain, Fostek Corp., Global Glove and Safety Manufacturing Inc., Hira Industries LLC, Huamei Energy saving Technology Group Co. Ltd., Huntsman International LLC, Macro International, Polymax Ltd., Ridderflex and Plastics B.V., Rogers Corp., Rubber World Industries LLC, Superlon Holdings Berhad, Trelleborg AB, and W. KOPP GmbH and Co. KG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.
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NBR Foam Products Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.74% |
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Market Growth 2024-2028 |
USD 61.51 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.03 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Adhesive Specialities, ALP Group, ARLANXEO Holding BV, Armacell International SA, CGR Products, Clockpress Ltd., Compagnie de Saint Gobain, Fostek Corp., Global Glove and Safety Manufacturing Inc., Hira Industries LLC, Huamei Energy saving Technology Group Co. Ltd., Huntsman International LLC, Macro International, Polymax Ltd., Ridderflex and Plastics B.V., Rogers Corp., Rubber World Industries LLC, Superlon Holdings Berhad, Trelleborg AB, and W. KOPP GmbH and Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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