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The nitrile butadiene rubber market size is estimated to grow by USD 319.8 million at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by increasing consumption in the automotive and aeronautical industries. These sectors require NBR for manufacturing high-performance tires and parts due to its excellent resistance to oil, fuel, and heat. Additionally, there is a rising demand for bio-based feedstock in NBR production, which is expected to boost market growth. However, fluctuating raw material prices, particularly for butadiene and natural rubber, pose a challenge to market stability. Producers must navigate these price fluctuations to maintain profitability and meet the growing demand for NBR. Overall, the market is expected to continue its growth trajectory, fueled by advancements in technology and increasing applications in various end-use industries.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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