The Latin America, Middle East and Africa Nitrile Butadiene Rubber Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 87.83 Kilo Tonnes, showcasing a growth of 7.1% (2023-2030).
Advancements in fillers and reinforcing agents contribute to NBR's overall mechanical strength. These innovations aim to enhance NBR's tensile strength, tear resistance, and abrasion resistance, making it even more durable and robust in challenging operational environments. The tire industry, for instance, stands to benefit from these innovations as reinforced NBR can potentially improve tire performance and longevity.
Likewise, tear resistance is another critical aspect bolstered by these innovations. Tires face many challenges, including sharp objects, road debris, and rough terrains. Reinforced NBR, equipped with superior tear resistance, minimizes the risk of tire damage and punctures, ensuring a more reliable and durable solution for drivers. This attribute is particularly advantageous in off-road or heavy-duty applications where tear resistance is paramount.
The UAE's focus on sustainability and energy efficiency in construction aligns well with NBR's properties, contributing to its increased adoption. Applications in the climate of the UAE are well-suited for NBR due to its resistance to severe environmental conditions and ability to retain its mechanical properties across a broad temperature range. As per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, transportation networks, and public amenities. Cities like Dubai and Abu Dhabi have grown substantially, requiring more infrastructure and real estate developments. Therefore, the expansion of the construction sector in LAMEA will help in the growth of the regional market.
The Brazil market dominated the LAMEA Nitrile Butadiene Rubber Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $79.1 million by 2030. The Argentina market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Free Valuable Insights: The Worldwide Nitrile Butadiene Rubber Market is Projected to reach USD 3 Billion by 2030, at a CAGR of 5.5%
Based on Product, the market is segmented into Seals & O-rings, Hoses, Cables, Belts, Molded & Extruded Products, Adhesives & Sealants, Rubber Compounds, Gloves, Foamed Products, and Others. Based on Application, the market is segmented into Automotive, Oil & Gas, Mechanical Engineering, Metallurgy & Mining, Medical, Construction, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
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