The global Neodymium Butadiene Rubber (NdBR) market, valued at USD 1.42 billion in 2024, is projected to reach USD 2.15 billion by 2032 at a CAGR of 5.8%, driven by growing demand for high-performance, energy-efficient tires. NdBR’s superior durability, wet traction, and low heat generation make it essential in tire manufacturing, especially in Asia-Pacific, which dominates global production and consumption. While North America and Europe show steady growth due to stringent performance standards, emerging markets offer new opportunities. Challenges include raw material volatility, rare earth mining concerns, and competition from alternative rubbers. Innovations in catalyst technology and new industrial applications support future expansion.
Get Full Report Here: https://www.24chemicalresearch.com/reports/290641/global-ndbr-forecast-market-2025-2031-692
Get Full Report Here: https://www.24chemicalresearch.com/reports/290641/global-ndbr-forecast-market-2025-2031-692
The global Neodymium Butadiene Rubber (NdBR) market, valued at USD 1.42 billion in 2024, is projected to reach USD 2.15 billion by 2032 at a CAGR of 5.8%, driven by growing demand for high-performance, energy-efficient tires. NdBR’s superior durability, wet traction, and low heat generation make it essential in tire manufacturing, especially in Asia-Pacific, which dominates global production and consumption. While North America and Europe show steady growth due to stringent performance standards, emerging markets offer new opportunities. Challenges include raw material volatility, rare earth mining concerns, and competition from alternative rubbers. Innovations in catalyst technology and new industrial applications support future expansion.
Get Full Report Here: https://www.24chemicalresearch.com/reports/290641/global-ndbr-forecast-market-2025-2031-692
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