NdBR Market size is estimated to be USD 2.5 Billion in 2024 and is expected to reach USD 4.1 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The NdBR (Neodymium Butadiene Rubber) market in 2022 was valued at approximately USD 2.5 billion, with a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. The increasing demand for NdBR in automotive and industrial applications, driven by its superior properties such as high wear resistance and low rolling resistance, is a major factor contributing to this growth. The Asia Pacific region dominated the NdBR market in 2022, accounting for over 45% of the global share, primarily due to the strong demand from the automotive industry in countries like China and Japan. North America and Europe followed, with respective shares of 25% and 18%, supported by the growing need for high performance tires and industrial products in these regions.
The regional analysis further reveals significant opportunities for market growth in emerging economies in Latin America and the Middle East, where industrialization and the demand for eco friendly tires are expected to fuel market expansion. The rise in manufacturing activities, along with an increasing focus on the development of energy efficient and durable products, presents a potential boost for the NdBR market. Additionally, the shift toward sustainable materials and the growing adoption of electric vehicles (EVs), particularly in the Asia Pacific region, is poised to open up new opportunities for NdBR manufacturers, further driving market growth in the coming years.
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Zhejiang Transfar Synthetic Material
TSRC-UBE
Chimei
Arlanxeo
Qixiang Tengda Chemical
Synthos
JSR
DuShanzi Petrochemical
Sibur
Nizhnekamskneftekhim
Yanshan Petrol-Chemical
Kumho Petrochemical
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global NdBR Market
Age
Gender
Income
Education Level
Occupation
Buying Patterns
Loyalty
Product Usage
Benefits Sought
Lifestyle
Personality Traits
Social Class
Motivation
Occasional Users
Frequent Users
Heavy Users
Non-users
Impulsive Buyers
Planned Buyers
Need-based Buyers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global NdBR 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. Global NdBR Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global NdBR Market, By Type
6. Global NdBR Market, By Application
7. Global NdBR Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global NdBR Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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