Global Nitrile Butadiene Rubber Market Size, Share & Trends Analysis Report By Product, By Application (Automotive, Oil & Gas, Mechanical Engineering, Metallurgy & Mining, Medical, Construction, and Others), By Regional Outlook and Forecast, 2023 - 2030
The Global Nitrile Butadiene Rubber Market size is expected to reach $3.0 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 747.92 Kilo Tonnes, experiencing a growth of 3.6% (2019-2022).
NBR is used to manufacture various medical devices, including catheters, tubing, seals, and gaskets. Consequently, the medical segment captured $150.05 million revenue in the market in 2022. The utilization of NBR is consequently increased due to the expanding healthcare industry, developments in medical technology, and an aging population, all of which contribute to the demand for medical devices. Therefore, these aspects can pose lucrative growth prospects for the segment.
Nitrile butadiene rubber's robust and wear-resistant properties make it an ideal material for producing conveyor belts. The material's durability ensures reliable performance, making it suitable for conveying materials in construction and industrial settings. NBR's excellent sealing capabilities and resistance to oils and chemicals make it a preferred choice for manufacturing O-rings. Additionally, NBR can be produced from bio-based sources, contributing to its biodegradability and reduced environmental impact compared to synthetic rubber materials. This is consistent with the increasing focus on environmentally friendly practices and sustainability. NBR formulations can be tailored to meet regulatory and compliance standards. This adaptability ensures that products made from NBR align with stringent environmental regulations in different industries. Hence, owing to these factors, there will be increased growth in the market.
However, Fluctuations in the prices of crude oil, a primary raw material for butadiene production, directly impact the cost structure of NBR. As a derivative of petrochemicals, NBR manufacturers are susceptible to the volatile nature of oil industries. Acrylonitrile, a crucial component in the synthesis of NBR, is susceptible to price variations influenced by factors such as demand-supply dynamics, geopolitical events, and regulatory changes. NBR manufacturers may face challenges in negotiating stable and profitable pricing agreements with end-users, who themselves may be affected by the cost fluctuations. Pricing mechanisms and long-term contracts become indispensable to alleviate the effects of raw material price volatility. Hence, these aspects can hamper the growth of the market.
By Product Analysis
Based on product, the nitrile butadiene rubber market is segmented into hoses, belts, cables, molded & extruded products, seals & O-rings, rubber compounds, adhesives & sealants, gloves, foamed products, and others. In 2022, the molded and extruded products segment garnered a significant revenue share in the nitrile butadiene rubber market. NBR is also used in the oil and gas industry for seals and gaskets due to its resistance to oil and chemicals. Energy sector demand for NBR is susceptible to fluctuations in crude prices and exploration activities, among other variables. NBR is utilized in medical and industrial applications for gloves, gaskets, hoses, and other products. Changes in healthcare practices, industrial production, and safety standards can affect the demand for NBR in these sectors. Thus, these factors will boost the demand in the segment.
By Application Analysis.
On the basis of application, the nitrile butadiene rubber market is divided into automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, medical, and others. The automotive segment recorded the maximum revenue share in the market in 2022. With a growing emphasis on fuel efficiency and reducing vehicle weight, manufacturers increasingly focus on materials that can contribute to these goals. NBR, being lightweight and possessing excellent fuel resistance, can play a role in such applications. Thus, these factors can assist in the expansion of the segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The Asia Pacific region plays a crucial role in the market. NBR, is a synthetic rubber copolymer of acrylonitrile and butadiene. It is widely used in various industries due to its excellent oil and chemical resistance, making it suitable for applications in automotive, industrial, medical, and other sectors. Therefore, the segment will grow rapidly in the upcoming years.
List of Key Companies Profiled
- PetroChina Company Limited (China National Petroleum Corporation)
- Synthos S.A.
- LG Chem Ltd. (LG Corporation)
- Versalis S.p.A (Eni S.p.A)
- Atlantic Gasket Corporation
- ARLANXEO (Saudi Arabian Oil Co.)
- NITRIFLEX
- AirBoss of America Corp.
- Precision Associates, Inc.
- NANTEX Industry Co., Ltd.
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Seals & O-rings
- Hoses
- Cables
- Belts
- Molded & Extruded Products
- Adhesives & Sealants
- Rubber Compounds
- Gloves
- Foamed Products
- Others
- Automotive
- Oil & Gas
- Mechanical Engineering
- Metallurgy & Mining
- Medical
- Construction
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Nitrile Butadiene Rubber Market, by Product
- 1.4.2 Global Nitrile Butadiene Rubber Market, by Application
- 1.4.3 Global Nitrile Butadiene Rubber Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Global Nitrile Butadiene Rubber Market by Product
- 4.1 Global Seals & O-rings Market by Region
- 4.2 Global Hoses Market by Region
- 4.3 Global Cables Market by Region
- 4.4 Global Belts Market by Region
- 4.5 Global Molded & Extruded Products Market by Region
- 4.6 Global Adhesives & Sealants Market by Region
- 4.7 Global Rubber Compounds Market by Region
- 4.8 Global Gloves Market by Region
- 4.9 Global Foamed Products Market by Region
- 4.1 Global Others Market by Region
- Chapter 5. Global Nitrile Butadiene Rubber Market by Application
- 5.1 Global Automotive Market by Region
- 5.2 Global Oil & Gas Market by Region
- 5.3 Global Mechanical Engineering Market by Region
- 5.4 Global Metallurgy & Mining Market by Region
- 5.5 Global Medical Market by Region
- 5.6 Global Construction Market by Region
- 5.7 Global Others Market by Region
- Chapter 6. Global Nitrile Butadiene Rubber Market by Region
- 6.1 North America Nitrile Butadiene Rubber Market
- 6.1.1 North America Nitrile Butadiene Rubber Market by Product
- 6.1.1.1 North America Seals & O-rings Market by Country
- 6.1.1.2 North America Hoses Market by Country
- 6.1.1.3 North America Cables Market by Country
- 6.1.1.4 North America Belts Market by Country
- 6.1.1.5 North America Molded & Extruded Products Market by Country
- 6.1.1.6 North America Adhesives & Sealants Market by Country
- 6.1.1.7 North America Rubber Compounds Market by Country
- 6.1.1.8 North America Gloves Market by Country
- 6.1.1.9 North America Foamed Products Market by Country
- 6.1.1.10 North America Others Market by Country
- 6.1.2 North America Nitrile Butadiene Rubber Market by Application
- 6.1.2.1 North America Automotive Market by Country
- 6.1.2.2 North America Oil & Gas Market by Country
- 6.1.2.3 North America Mechanical Engineering Market by Country
- 6.1.2.4 North America Metallurgy & Mining Market by Country
- 6.1.2.5 North America Medical Market by Country
- 6.1.2.6 North America Construction Market by Country
- 6.1.2.7 North America Others Market by Country
- 6.1.3 North America Nitrile Butadiene Rubber Market by Country
- 6.1.3.1 US Nitrile Butadiene Rubber Market
- 6.1.3.1.1 US Nitrile Butadiene Rubber Market by Product
- 6.1.3.1.2 US Nitrile Butadiene Rubber Market by Application
- 6.1.3.2 Canada Nitrile Butadiene Rubber Market
- 6.1.3.2.1 Canada Nitrile Butadiene Rubber Market by Product
- 6.1.3.2.2 Canada Nitrile Butadiene Rubber Market by Application
- 6.1.3.3 Mexico Nitrile Butadiene Rubber Market
- 6.1.3.3.1 Mexico Nitrile Butadiene Rubber Market by Product
- 6.1.3.3.2 Mexico Nitrile Butadiene Rubber Market by Application
- 6.1.3.4 Rest of North America Nitrile Butadiene Rubber Market
- 6.1.3.4.1 Rest of North America Nitrile Butadiene Rubber Market by Product
- 6.1.3.4.2 Rest of North America Nitrile Butadiene Rubber Market by Application
- 6.2 Europe Nitrile Butadiene Rubber Market
- 6.2.1 Europe Nitrile Butadiene Rubber Market by Product
- 6.2.1.1 Europe Seals & O-rings Market by Country
- 6.2.1.2 Europe Hoses Market by Country
- 6.2.1.3 Europe Cables Market by Country
- 6.2.1.4 Europe Belts Market by Country
- 6.2.1.5 Europe Molded & Extruded Products Market by Country
- 6.2.1.6 Europe Adhesives & Sealants Market by Country
- 6.2.1.7 Europe Rubber Compounds Market by Country
- 6.2.1.8 Europe Gloves Market by Country
- 6.2.1.9 Europe Foamed Products Market by Country
- 6.2.1.10 Europe Others Market by Country
- 6.2.2 Europe Nitrile Butadiene Rubber Market by Application
- 6.2.2.1 Europe Automotive Market by Country
- 6.2.2.2 Europe Oil & Gas Market by Country
- 6.2.2.3 Europe Mechanical Engineering Market by Country
- 6.2.2.4 Europe Metallurgy & Mining Market by Country
- 6.2.2.5 Europe Medical Market by Country
- 6.2.2.6 Europe Construction Market by Country
- 6.2.2.7 Europe Others Market by Country
- 6.2.3 Europe Nitrile Butadiene Rubber Market by Country
- 6.2.3.1 Germany Nitrile Butadiene Rubber Market
- 6.2.3.1.1 Germany Nitrile Butadiene Rubber Market by Product
- 6.2.3.1.2 Germany Nitrile Butadiene Rubber Market by Application
- 6.2.3.2 UK Nitrile Butadiene Rubber Market
- 6.2.3.2.1 UK Nitrile Butadiene Rubber Market by Product
- 6.2.3.2.2 UK Nitrile Butadiene Rubber Market by Application
- 6.2.3.3 France Nitrile Butadiene Rubber Market
- 6.2.3.3.1 France Nitrile Butadiene Rubber Market by Product
- 6.2.3.3.2 France Nitrile Butadiene Rubber Market by Application
- 6.2.3.4 Russia Nitrile Butadiene Rubber Market
- 6.2.3.4.1 Russia Nitrile Butadiene Rubber Market by Product
- 6.2.3.4.2 Russia Nitrile Butadiene Rubber Market by Application
- 6.2.3.5 Spain Nitrile Butadiene Rubber Market
- 6.2.3.5.1 Spain Nitrile Butadiene Rubber Market by Product
- 6.2.3.5.2 Spain Nitrile Butadiene Rubber Market by Application
- 6.2.3.6 Italy Nitrile Butadiene Rubber Market
- 6.2.3.6.1 Italy Nitrile Butadiene Rubber Market by Product
- 6.2.3.6.2 Italy Nitrile Butadiene Rubber Market by Application
- 6.2.3.7 Rest of Europe Nitrile Butadiene Rubber Market
- 6.2.3.7.1 Rest of Europe Nitrile Butadiene Rubber Market by Product
- 6.2.3.7.2 Rest of Europe Nitrile Butadiene Rubber Market by Application
- 6.3 Asia Pacific Nitrile Butadiene Rubber Market
- 6.3.1 Asia Pacific Nitrile Butadiene Rubber Market by Product
- 6.3.1.1 Asia Pacific Seals & O-rings Market by Country
- 6.3.1.2 Asia Pacific Hoses Market by Country
- 6.3.1.3 Asia Pacific Cables Market by Country
- 6.3.1.4 Asia Pacific Belts Market by Country
- 6.3.1.5 Asia Pacific Molded & Extruded Products Market by Country
- 6.3.1.6 Asia Pacific Adhesives & Sealants Market by Country
- 6.3.1.7 Asia Pacific Rubber Compounds Market by Country
- 6.3.1.8 Asia Pacific Gloves Market by Country
- 6.3.1.9 Asia Pacific Foamed Products Market by Country
- 6.3.1.10 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Nitrile Butadiene Rubber Market by Application
- 6.3.2.1 Asia Pacific Automotive Market by Country
- 6.3.2.2 Asia Pacific Oil & Gas Market by Country
- 6.3.2.3 Asia Pacific Mechanical Engineering Market by Country
- 6.3.2.4 Asia Pacific Metallurgy & Mining Market by Country
- 6.3.2.5 Asia Pacific Medical Market by Country
- 6.3.2.6 Asia Pacific Construction Market by Country
- 6.3.2.7 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Nitrile Butadiene Rubber Market by Country
- 6.3.3.1 China Nitrile Butadiene Rubber Market
- 6.3.3.1.1 China Nitrile Butadiene Rubber Market by Product
- 6.3.3.1.2 China Nitrile Butadiene Rubber Market by Application
- 6.3.3.2 India Nitrile Butadiene Rubber Market
- 6.3.3.2.1 India Nitrile Butadiene Rubber Market by Product
- 6.3.3.2.2 India Nitrile Butadiene Rubber Market by Application
- 6.3.3.3 Japan Nitrile Butadiene Rubber Market
- 6.3.3.3.1 Japan Nitrile Butadiene Rubber Market by Product
- 6.3.3.3.2 Japan Nitrile Butadiene Rubber Market by Application
- 6.3.3.4 South Korea Nitrile Butadiene Rubber Market
- 6.3.3.4.1 South Korea Nitrile Butadiene Rubber Market by Product
- 6.3.3.4.2 South Korea Nitrile Butadiene Rubber Market by Application
- 6.3.3.5 Singapore Nitrile Butadiene Rubber Market
- 6.3.3.5.1 Singapore Nitrile Butadiene Rubber Market by Product
- 6.3.3.5.2 Singapore Nitrile Butadiene Rubber Market by Application
- 6.3.3.6 Malaysia Nitrile Butadiene Rubber Market
- 6.3.3.6.1 Malaysia Nitrile Butadiene Rubber Market by Product
- 6.3.3.6.2 Malaysia Nitrile Butadiene Rubber Market by Application
- 6.3.3.7 Rest of Asia Pacific Nitrile Butadiene Rubber Market
- 6.3.3.7.1 Rest of Asia Pacific Nitrile Butadiene Rubber Market by Product
- 6.3.3.7.2 Rest of Asia Pacific Nitrile Butadiene Rubber Market by Application
- 6.4 LAMEA Nitrile Butadiene Rubber Market
- 6.4.1 LAMEA Nitrile Butadiene Rubber Market by Product
- 6.4.1.1 LAMEA Seals & O-rings Market by Country
- 6.4.1.2 LAMEA Hoses Market by Country
- 6.4.1.3 LAMEA Cables Market by Country
- 6.4.1.4 LAMEA Belts Market by Country
- 6.4.1.5 LAMEA Molded & Extruded Products Market by Country
- 6.4.1.6 LAMEA Adhesives & Sealants Market by Country
- 6.4.1.7 LAMEA Rubber Compounds Market by Country
- 6.4.1.8 LAMEA Gloves Market by Country
- 6.4.1.9 LAMEA Foamed Products Market by Country
- 6.4.1.10 LAMEA Others Market by Country
- 6.4.2 LAMEA Nitrile Butadiene Rubber Market by Application
- 6.4.2.1 LAMEA Automotive Market by Country
- 6.4.2.2 LAMEA Oil & Gas Market by Country
- 6.4.2.3 LAMEA Mechanical Engineering Market by Country
- 6.4.2.4 LAMEA Metallurgy & Mining Market by Country
- 6.4.2.5 LAMEA Medical Market by Country
- 6.4.2.6 LAMEA Construction Market by Country
- 6.4.2.7 LAMEA Others Market by Country
- 6.4.3 LAMEA Nitrile Butadiene Rubber Market by Country
- 6.4.3.1 Brazil Nitrile Butadiene Rubber Market
- 6.4.3.1.1 Brazil Nitrile Butadiene Rubber Market by Product
- 6.4.3.1.2 Brazil Nitrile Butadiene Rubber Market by Application
- 6.4.3.2 Argentina Nitrile Butadiene Rubber Market
- 6.4.3.2.1 Argentina Nitrile Butadiene Rubber Market by Product
- 6.4.3.2.2 Argentina Nitrile Butadiene Rubber Market by Application
- 6.4.3.3 UAE Nitrile Butadiene Rubber Market
- 6.4.3.3.1 UAE Nitrile Butadiene Rubber Market by Product
- 6.4.3.3.2 UAE Nitrile Butadiene Rubber Market by Application
- 6.4.3.4 Saudi Arabia Nitrile Butadiene Rubber Market
- 6.4.3.4.1 Saudi Arabia Nitrile Butadiene Rubber Market by Product
- 6.4.3.4.2 Saudi Arabia Nitrile Butadiene Rubber Market by Application
- 6.4.3.5 South Africa Nitrile Butadiene Rubber Market
- 6.4.3.5.1 South Africa Nitrile Butadiene Rubber Market by Product
- 6.4.3.5.2 South Africa Nitrile Butadiene Rubber Market by Application
- 6.4.3.6 Nigeria Nitrile Butadiene Rubber Market
- 6.4.3.6.1 Nigeria Nitrile Butadiene Rubber Market by Product
- 6.4.3.6.2 Nigeria Nitrile Butadiene Rubber Market by Application
- 6.4.3.7 Rest of LAMEA Nitrile Butadiene Rubber Market
- 6.4.3.7.1 Rest of LAMEA Nitrile Butadiene Rubber Market by Product
- 6.4.3.7.2 Rest of LAMEA Nitrile Butadiene Rubber Market by Application
- Chapter 7. Company Profiles
- 7.1 PetroChina Company Limited (China National Petroleum Corporation)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 Synthos S.A.
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 LG Chem Ltd. (LG Corporation)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Recent strategies and developments:
- 7.3.4.1 Partnerships, Collaborations, and Agreements:
- 7.3.5 SWOT Analysis
- 7.4 Versalis S.p.A. (Eni S.p.A)
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Atlantic Gasket Corporation
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 ARLANXEO (Saudi Arabian Oil Co.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 Nitriflex
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 AirBoss of America Corp.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 Precision Associates Inc.
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. NANTEX Industry Co., Ltd.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
- Chapter 8. Winning Imperatives of Nitrile Butadiene Rubber Market
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