Nitrile Butadiene Rubber Market : Global Opportunities & Industry Analysis 2022 to 2030

The global Nitrile Butadiene Rubber market size is expected to be worth around US$ 6.9 billion by 2030, according to a new report by Vision Research Reports.

The global Nitrile Butadiene Rubber market size was valued at US$ 3.10 billion in 2020 and is anticipated to grow at a CAGR of 5.4% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 6.9 Billion by 2030
Growth Rate CAGR of 5.4% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ARLANXEO; Zeon Chemicals L.P.; NITRIFLEX; SIBUR; PetroChina Company Limited; Dynasol Group; Synthos S.A.; KUMHO PETROCHEMICAL; LG Chem; JSR Corporation

Growth Factors

The market is anticipated to grow by developing automotive, mechanical engineering, medical, construction, oil and gas, and other sectors across the globe. Nitrile butadiene rubber (NBR) products are used for sealing, medical gloves, and belts in transmission and conveyor devices which are expected to drive its demand in the sectors mentioned above over the forecast period.

growing use of synthetic rubber in oil and gas, automotive, industrial, and electrical and electronic industries has propelled the consumption of nitrile butadiene rubber material in the manufacturing of hoses, gaskets, O-rings, seals, and cable jackets. Nitrile butadiene rubber (NBR) exhibits low gas permeability, high tensile strength, good oil resistance, and low compression set, making them suitable for manufacturing sealing components, tubing, and hose liners.

By Product Analysis

The seals and O-rings segment dominated the market for nitrile butadiene rubber and accounted for the largest revenue share of more than 18% in 2020. They are used in various automotive components such as engines, doors, batteries, power steering systems, and other end-use sectors.

Nitrile butadiene rubber is widely used in the manufacturing of transmission belts in food processing, automotive, mining, and other sectors. Rising urbanization and automation of the manufacturing process and industrialization are expected to drive the demand for conveyor belts, elevator belts, and transmission belts in the above-mentioned end-use sectors in developing countries.

By End-use Analysis

The automotive end-use segment dominated the market for nitrile butadiene rubber and accounted for the prominent revenue share of more than 35.0% in 2020. The emerging electric vehicles market in developing regions is expected to drive the demand for large-sized seals used in batteries.

The mechanical engineering end-use segment accounted for the second-largest revenue share in 2020. The mechanical engineering end-use of the product include mainly precision diaphragms, valves, and other machinery and equipment components to prevent loss of gases and liquids in many end-use sectors such as steel, manufacturing, and other industrial sectors.

The construction sector incorporates nitrile butadiene rubber in the processing of building materials such as hoses, cables, and adhesives and sealants. Nitrile-based construction adhesives are utilized in roof and wall coverings, carpet laying, ceramic tiles, and countertop lamination.

Medical and metallurgy and mining are the following essential end-use sectors. Other end-users include food processing, pharmaceutical, and cosmetics packaging. Superior characteristics such as good sealing properties.

By Regional Analysis

Asia Pacific dominated the market for nitrile butadiene rubber and accounted for the largest revenue share of more than 55.0% in 2020. The demand for nitrile butadiene rubber in the Asia Pacific is primarily driven by the high demand from bulk production of molded & extruded polymer products and automotive components in India, China, and ASEAN countries.

Europe comprises a well-established medical industry coupled with a large number of chemical processing units. The region has witnessed a significant demand in medical and industrial gloves over the past few years owing to growing automotive, medical, and other end-use industries.

Key Players

  • ARLANXEO
  • Zeon Chemicals L.P.
  • NITRIFLEX
  • SIBUR
  • PetroChina Company Limited
  • Dynasol Group
  • Synthos S.A.
  • KUMHO PETROCHEMICAL
  • LG Chem
  • Versalis S.p.A.
  • JSR Corporation
  • AirBoss of America

Market Segmentation

  • By Product
    • Hoses
    • Belts
    • Cables
    • Molded & Extruded Products
    • Seals & O-rings
    • Rubber Compounds
    • Adhesives & Sealants
    • Gloves
    • Foamed Products
    • Others
  • By End-use
    • Automotive
    • Mechanical Engineering
    • Oil & Gas
    • Metallurgy & Mining
    • Construction
    • Medical
    • Others
  • Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • GCC Countries
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Nitrile Butadiene Rubber Market, By Product

7.1.  Nitrile Butadiene Rubber Market, by Product, 2021-2030

7.1.1.    Hoses

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Belts

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Cables

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Molded & Extruded Products

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Seals & O-rings

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Rubber Compounds

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Adhesives & Sealants

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    Gloves

7.1.8.1.        Market Revenue and Forecast (2017-2030)

7.1.9.    Foamed Products

7.1.9.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Nitrile Butadiene Rubber Market, By End-use

8.1.  Nitrile Butadiene Rubber Market, by End-use, 2021-2030

8.1.1.    Automotive

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Mechanical Engineering

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Oil & Gas

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Metallurgy & Mining

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Construction

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Medical

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Nitrile Butadiene Rubber Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 10.  Company Profiles

10.1.              ARLANXEO

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Zeon Chemicals L.P.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              NITRIFLEX

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              SIBUR

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              PetroChina Company Limited

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Dynasol Group

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Synthos S.A.

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              KUMHO PETROCHEMICAL

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              LG Chem

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Versalis S.p.A.

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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