Europe NdBR Market was valued at USD 1.4 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The European Neodymium-based Butadiene Rubber (Nd-BR) market is experiencing significant growth, driven by the increasing demand for high-performance tires in the automotive industry. Nd-BR, known for its superior wear resistance and low rolling resistance, is becoming the material of choice for tire manufacturers aiming to enhance fuel efficiency and performance. This surge in demand is evident, with the European Nitrile Butadiene Rubber (NBR) market projected to reach a revenue of US$ 656.0 million by 2030, reflecting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. citeturn0search8
Industries across Europe are increasingly adopting Nd-BR due to its exceptional properties, which include improved abrasion resistance, better processability, and enhanced fuel efficiency in automotive applications. The automotive sector, in particular, is the largest consumer of Nd-BR, utilizing it in the production of tires, seals, and hoses. The demand from this sector is expected to continue growing, driven by the automotive industry's focus on sustainability and performance enhancement. citeturn0search5
Beyond automotive applications, Nd-BR is gaining traction in other sectors such as medical devices, construction, and oil & gas. Its chemical resistance and durability make it suitable for various applications, including gaskets, seals, and gloves. The versatility of Nd-BR is contributing to its expanding adoption across multiple industries, further fueling market growth. citeturn0search4
However, the Nd-BR market in Europe faces challenges, including fluctuating raw material prices and stringent environmental regulations. Manufacturers are investing in research and development to address these challenges, focusing on developing sustainable production methods and exploring alternative feedstocks. These efforts aim to ensure the continued growth and competitiveness of the Nd-BR market in Europe. citeturn0search2
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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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe 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 Europe 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. Europe NdBR Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe NdBR Market, By Type
6. Europe NdBR Market, By Application
7. Europe NdBR Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe NdBR Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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