Global Specialty

Nitriles Market

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Description
Specialty Nitriles Market - Global Industry Analysis and Opportunity Assessment 2014 2020
Speciality Nitriles have wide application in the global automotive industry which is
anticipated to reach a value of approximately US $ 5 trillion by 2015 and further to sell
nearly 110 million vehicles in 2020. Specialty Nitriles have unfolded huge opportunities in
this end use industry and demand for it is growing due to growing requirement for auto
components which is one of the fastest growing industries globally and is expected to be
a US $ 100 billion industry by 2020.The top players in NBR are Omnova Solutions, LG
Chemicals, Lanxess AG and Zeon Chemicals.
Nitriles are organic compounds having a triple bond between carbon and nitrogen. They
are also known as cyanides. The most commonly occurring nitrile is Nitrile Rubber which
is a synthetic copolymer of unsaturated acrylonitrile and conjugated butadiene. Such a
form of rubber is highly resistant to chemicals. Due to its property of sturdiness, it is
largely used in protective gloves used in chemistry laboratories to resist the effect of the
chemicals. Nitrile rubber also has applications in the pipelines, hoses, tubes, conveyor
belts, shoes, seals and glues.
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The electronic structure of nitriles is like that of alkyne except for the presence of a lone
pair of electrons with nitrogen which makes it a polar molecule. As a result, nitriles tend
to have higher boiling points which is one of the property of nitriles that has various
applications.
Nitrile Butadiene Rubbers (NBR) and Hydrogenated Nitrile Butadiene Rubber (HNBR) are
important elements in the speciality elastomers segment. Specialty Nitriles have a good
resistance to oil, heat, ozone, chemicals gives it a secure position in the automobile,
adhesives, oil production, electrical, mechanical engineering, consumer goods and ship
building industries. Nitrile Butadiene Rubber is abbreviated as NBR and is available in the
powdered form. The NBR market was valued at a quarter US $ million in 2013 and is
forecasted to double by 2020. The projected CAGR for the forecast period 2013-2020 is
around 6% to 8%. The Specialty Nitrile applications are diverse and are growing to find
more end use industries.
An added advantage is the rise in the sales of two wheelers in the emerging economies
such asBRICS countries. Asia Pacific (APAC) is the leading market for NBR with a global
market share of 48% in 2011.
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After the worldwide economic recession of 2008-2009 and Eurozone debt crisis, the
global speciality nitrile market slowed down the demand in North America and Western
Europe. The largest customer of solid NBR is China while that of Hydrogenated Nitrile
Butadiene Rubber (HNBR) is North America, Japan and Europe. The economies such as
Malaysia and East Asia are high growth nations and present a large opportunity for
Specialty Nitriles. One of the largest application of Specialty Nitrile is in gloves and
Malaysia has become the epicenter for its production.
The global consumption of nitrile rubber and latex rubber is forecast to increase at an
average annual rate of 3 to 4% through 2014- 2020. An improvised version of NBR is
Carboxylate Nitrile Butadiene Rubber (XNBR) which is an upcoming technology which
have better physical properties compared to NBR.
The research report presents a comprehensive assessment of the market and contains
thoughtful insights, facts, historical data, and statistically supported and industryvalidated market data.
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