Nitrile Elastomers Market analysis research and trends report for 2019 - 2025

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Nitrile Elastomers Market share growth trends and
Forecast by 2025
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Global Market Scenario of Nitrile Elastomers
Industry

• Nitrile elastomers market will be driven by
  rising automotive and industrial applications
  during the forecast time span. They are used for
  fuel and oil handling hoses, grommets, hydraulic
  hoses, petroleum oil seals, hydraulic fluid
  seals, transmission fluid seals, O-rings,
  transmission belts, rollers, shock and vibration
  mounts, etc. Globalization and technological
  innovations will revolutionize the global
  automotive industry.
• Higher income levels, changing consumer
  preferences and increasing awareness regarding
  fuel economy, safety and other features will
  propel the demand of automobiles in near future.
  Such trends associated with automotive industry
  will positively influence the nitrile elastomers
  market within the forecast period.
• Nitrile Elastomers Market size is expected to
  grow steadily during the forecast time span.
  Nitrile Elastomer is a copolymer of butadiene and
  acrylonitrile and it provides excellent
  resistance to oil, solvents, mineral and
  vegetable oils, gasoline, fuels and hydraulic
  fuels. It possesses good physical properties such
  as resistance to tear, heat ageing and abrasion.
  It is superior to most elastomers in terms of
  compression set or cold flow. It is suitable for
  applications where excellent resistance to
  petroleum oils, grease and gasoline is required.

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• Regional Trends-
• Asia Pacific region will capture significant
  market share in nitrile elastomers market during
  the forecast time span due to rising automotive
  industry. China is the leading country in terms
  of automobile production in the world. According
  to Organisation Internationale des Constructeurs
  d'Automobiles (OICA), it accounted for more than
  25 of global automotive production in 2018.
• Rising population, increasing disposable income
  levels and technological trends will trigger the
  growth of automotive industry in China, India and
  Southeast Asian countries thereby propelling the
  market growth in future.
• North America and Europe will witness steady
  growth in nitrile elastomers market size due to
  flourishing aerospace industry. This in turn will
  bolster the product demand within the forecast
  period. Favorable trends associated with oil
  gas industry in North America will assist the
  market growth.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• Some of the key players in nitrile elastomers
  market share are ZEON Corporation, JSR
  Corporation, INSA GPRO (Nanjing) Synthetic Rubber
  Co. Ltd., Sibur, Kumho Petrochemical Co., Ltd.,
  Synthos S.A., LANXESS Aktiengesellschaft,
  Versalis S.p.A., and others.

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