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In 2020, the global nitrile rubber market reached $485 million

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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In 2020, the global nitrile rubber market reached $485 million

According to the latest research report released by Zion Research, the global nitrile rubber market is expected to reach $485 million in 2020, with a compound annual growth rate of more than 6%
from 2015 to 2020.

Butadiene rubber

According to the report, the strong growth of demand in the automotive market and the medical and industrial glove industry is the main reason for the stable growth of the
butadiene rubber market.
In addition, the acceleration of global industrialization and the continuous development of infrastructure are also factors that cannot be ignored to promote the growth of
this market.
At the same time, increasing environmental awareness and price volatility will also be the main challenges
for the development of this market.

From a regional perspective, the Asia-Pacific region is expected to continue to be the world's largest market for nitrile rubber, with increased demand from the automotive industry being the biggest reason
.
This is followed by North America and Europe
.

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