The North America Nitrile Butadiene Rubber Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 160.58 Kilo Tonnes, showcasing a growth of 3.4% (2019-2022).
The aerospace industry leverages NBR for its compatibility with aviation fuels and lubricants. Seals and gaskets made from NBR ensure the integrity of aircraft components, contributing to the safety and efficiency of air travel. NBR's ability to maintain its properties over a broad temperature range is particularly advantageous in the demanding conditions experienced during flight. Seals and gaskets made from nitrile butadiene rubber are instrumental in maintaining the integrity of aircraft components, including engines, fuel systems, and hydraulic systems.
These components operate in challenging conditions, and the reliability of sealing materials is paramount to prevent fuel or fluid leakage that could compromise the safety and functionality of the aircraft. NBR's resilience and sealing capabilities significantly prevent leaks and enhance air travel's overall safety. Furthermore, as a testament to its adaptability, NBR has also found applications in consumer goods, including footwear, adhesives, and sportswear. NBR is used for outsoles in footwear, providing slip resistance and durability. Adhesives incorporating NBR offer strong bonding capabilities, while sportswear benefits from the material's comfort and resistance to wear and tear.
The expansion of the automotive sector in Mexico may impact the entire supply chain, including the demand for raw materials like NBR. NBR's resistance to weathering and UV exposure makes it suitable for weatherproofing materials. Construction projects in Canada, where weather conditions can be challenging, may benefit from NBR-based materials for insulation, roofing, and other weather-resistant applications. According to Statistics Canada, in July 2023, non-residential construction investments increased marginally by 0.5%, reaching $5.9 billion. Commercial investment increased by a mere 0.3% to $3.3 billion, whereas industrial investment rose by 0.6% to $1.2 billion. Investments in institutional construction increased by 1.2% to $1.5 billion. Hence, North America's growing construction and automotive sectors will boost the demand for these rubbers in the region.
The US market dominated the North America Nitrile Butadiene Rubber Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $546.8 million by 2030. The Canada market is experiencing a CAGR of 5.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6% during (2023 - 2030).
Free Valuable Insights: The Nitrile Butadiene Rubber Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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