The Global Nitrile Butadiene Rubber (NBR) Market is Expected to Reach USD 2.7 Billion in 2018: Transparency Market Research

The Global Nitrile Butadiene Rubber (NBR) Market is Expected to Reach USD 2.7 Billion in 2018: Transparency Market Research PR Newswire NEW YORK, November 20, 2012 NEW YORK, November 20, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Nitrile Butadiene Rubber (NBR) Market- Global Forecast, Market Share, Size, Growth and Industry Analysis, 2012 - 2018," the global nitrile butadiene rubber (NBR) demand was worth USD 1.7 billion in 2010 and is expected to reach USD 2.7 billion in 2018, growing at a CAGR of 5.9% from 2013 to 2018. Asia Pacific was the leading market for NBR, accounting for approximately 48% of the global market volumes in 2011, followed by Europe and North America. Browse the full report at http://www.transparencymarketresearch.com/nitrile-butadiene-rubber-market.html The market demand for nitrile butadiene rubber (NBR) is increasing due to growth in the global automobile sector; moreover natural rubber is creating a big cross over opportunity for NBR. Growing number of disease outbreaks and increasing safety concerns is also boosting the global market for NBR. However, rising prices of raw materials and increasing environmental concerns are the major barriers inhibiting the growth of the market.