South Korea Nickel Butadiene Rubber Market was valued at USD 180 Million in 2022 and is projected to reach USD 300 Million by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The South Korea Nickel Butadiene Rubber (NBR) market is growing at a rapid pace due to the increasing demand from various industries, including automotive, manufacturing, and consumer goods. As an essential synthetic rubber, NBR plays a crucial role in producing durable, high-performance products such as tires, seals, gaskets, and hoses. Understanding the types of Nickel Butadiene Rubber available and the requirements from different industries is crucial for stakeholders looking to capitalize on this market.
Nickel Butadiene Rubber is a copolymer of butadiene and nickel, offering enhanced properties such as superior resistance to oils, chemicals, and heat. These characteristics make NBR the preferred choice for applications where high performance is needed under extreme conditions. The two primary types of NBR used in South Korea are oil-extended NBR and low-volatile NBR. The oil-extended NBR is commonly used in the automotive and industrial sectors, while low-volatile NBR is favored in applications requiring minimal outgassing, such as seals and gaskets in the aerospace industry.
The demand for Nickel Butadiene Rubber in South Korea is primarily driven by the automotive sector, which accounts for a significant portion of the consumption. South Korean automobile manufacturers require high-quality NBR for tire production, as the material's resistance to wear and abrasion is critical for the performance and longevity of tires. Additionally, NBR's flexibility and resilience make it ideal for producing seals, gaskets, and hoses used in various automotive components.
Other industries that rely heavily on NBR include the manufacturing sector, where it is used in producing industrial seals, belts, and conveyor systems, as well as in the production of consumer goods like footwear and adhesives. With increasing industrialization and infrastructure development in South Korea, the need for high-performance NBR continues to rise.
As industries seek materials with better performance and durability, the Nickel Butadiene Rubber market in South Korea is expected to experience continued growth, driven by technological advancements and evolving industrial needs.
Get an In-Depth Research Analysis of the South Korea Nickel Butadiene Rubber Market Size And Forecast [2025-2032]
Goodyear Chemical
CNPC
SINOPEC
Haopu New Material Technology
Zhejiang Transfar Synthetic Material
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Nickel Butadiene Rubber Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Nickel Butadiene Rubber Market
Solution Polymerized Nickel Butadiene Rubber
Suspension Polymerized Nickel Butadiene Rubber
Tire Manufacturing
Automotive Parts
Industrial Goods
Footwear
Electrical and Electronics
Automotive
Manufacturing
Footwear
Consumer Goods
Electronics
Improved Wear Resistance
Enhanced Durability
Better Processability
Low-Temperature Flexibility
Solid
Liquid
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Nickel Butadiene Rubber Market Research Analysis
1. Introduction of the South Korea Nickel Butadiene Rubber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Nickel Butadiene Rubber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Nickel Butadiene Rubber Market, By Type
6. South Korea Nickel Butadiene Rubber Market, By Application
7. South Korea Nickel Butadiene Rubber Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Nickel Butadiene Rubber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/