Nitrile Butadiene Rubber Market Growth, Size, Trends, Revenue, Challenges and Future Outlook: SPER Market Research

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Published: Aug 2023	Report ID: CHEM2381	Pages: 1 - 247	Formats^*:
Category : Chemical & Materials

Nitrile Butadiene Rubber Market Introduction and Overview

According to SPER Market Research, the Global Nitrile Butadiene Rubber Market is estimated to reach USD 3.21 billion by 2033 with a CAGR of 5.59%.

The report includes an in-depth analysis of the global Nitrile Butadiene Rubber market, including market size and trends, product mix, distribution channels, and supplier analysis. Nitrile butadiene rubber (NBR), also known as Buna-N or nitrile rubber, is made by copolymerizing butadiene and acrylonitrile. Butadiene and acrylonitrile copolymerize to form the synthetic rubber nitrile butadiene. Despite its poor flame and steam resistance, it has excellent compression set resistance, adequate resilience, and tensile strength.

Because of its ability to endure temperatures ranging from -40 to 108 Â°C (-40 to 226 Â°F), NBR is an excellent material for aeronautical applications. Nitrile rubber is used in a variety of applications, including automotive gearbox belts.

Automotive and transportation are key nitrile butadiene rubber end-user industries. Because regular rubbers cannot be used, NBR is employed in the automotive and aerospace industries to create fuel and oil handling hoses, seals, grommets, and self-sealing fuel tanks.

Market Opportunities and Challenges

The global nitrile butadiene rubber (NBR) market is poised for growth driven by several factors. Increasing demand from the automotive industry, where NBR is used in various applications, along with the growth of industrial activities, particularly in machinery and equipment, are key drivers. The rising emphasis on worker safety and the implementation of stringent regulations in multiple industries are also propelling the demand for NBR-based safety products. Furthermore, the expansion of the oil and gas industry, which extensively utilizes NBR for its resistance to hydrocarbon-based fluids, is expected to contribute to market growth. These factors collectively indicate positive prospects for the global NBR market.

However, the global nitrile butadiene rubber (NBR) market faces challenges including fluctuating raw material prices, competition from substitutes like EPDM and SBR, environmental concerns regarding sustainability, and economic uncertainty. Unpredictable raw material costs impact production costs and profitability, while substitutes and environmental concerns drive demand for alternative materials. Additionally, economic fluctuations and geopolitical tensions affect industrial activities and consumer spending, impacting NBR demand. These challenges require strategic management and adaptation to ensure growth and performance in the NBR market.

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Market Competitive Landscape

The global Nitrile Butadiene Rubber is characterized by high competition, with multiple players operating in the industry. The key players in the global Nitrile Butadiene Rubber market include AirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company, JSR Corporation, KUMHO PETROCHEMICAL, LG Chem, NANTEX Industry Co., Ltd., NITRIFLEX, PetroChina Company Limited, Precision Associates Inc., SIBUR, Synthos S.A., Versalis S.p.A., and Zeon Chemicals L.P., Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product, By End Use
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Companies Covered	AirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company, JSR Corporation, KUMHO PETROCHEMICAL, LG Chem, NANTEX Industry Co., Ltd., NITRIFLEX, PetroChina Company Limited, Precision Associates Inc., SIBUR, Synthos S.A., Versalis S.p.A., and Zeon Chemicals L.P., Others.

COVID-19 Impact on Global Nitrile Butadiene Rubber Market

The global nitrile butadiene rubber (NBR) market has been significantly impacted by the COVID-19 pandemic. Disruptions in supply chains, including raw material availability and transportation, have affected NBR production. Fluctuating demand due to the economic slowdown has led to declines in automotive, construction, and manufacturing sectors while increasing demand for NBR-based safety gloves and medical products. Price volatility has also been observed, influenced by fluctuations in raw material prices and production disruptions. Managing these challenges and adapting to changing market dynamics will be crucial for the NBR industry's recovery and future growth.

Key Target Audience

End-Use Industries
Government Agencies and Policy Makers
Industrial Equipment Manufacturers
Manufacturers and Suppliers
Research and Development Institutions
Others

Our in-depth analysis of the Nitrile Butadiene Rubber Market includes the following segments:

By Product:	Adhesives & Sealants Belts Cables Foamed Products Gloves Hoses Moulded & Extruded Products Rubber Compounds Seals & O-rings Others
By End Use:	Automotive Construction Mechanical Engineering Medical Metallurgy & Mining Oil & Gas Others

Key Topics Covered in the Report

Global Nitrile Butadiene Rubber Market Size (FYâ€™2023-FYâ€™2033)
Overview of Global Nitrile Butadiene Rubber Market
Segmentation of Global Nitrile Butadiene Rubber Market By Product (Adhesives & Sealants, Cables, Hoses, Foamed Products, Belts, Gloves, Moulded & Extruded Products, Rubber Compounds, Seals & O-rings, Others)
Segmentation of Global Nitrile Butadiene Rubber Market By End Use (Automotive, Construction, Mechanical Engineering, Medical, Metallurgy & Mining, Oil & Gas, Others)
Statistical Snap of Global Nitrile Butadiene Rubber Market
Expansion Analysis of Global Nitrile Butadiene Rubber Market
Problems and Obstacles in Global Nitrile Butadiene Rubber Market
Competitive Landscape in the Global Nitrile Butadiene Rubber Market
Impact of COVID-19 and Demonetization on Global Nitrile Butadiene Rubber Market
Details on Current Investment in Global Nitrile Butadiene Rubber Market
Competitive Analysis of Global Nitrile Butadiene Rubber Market
Prominent Market Players in the Global Nitrile Butadiene Rubber Market
SWOT Analysis of Global Nitrile Butadiene Rubber Market
Global Nitrile Butadiene Rubber Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Nitrile Butadiene Rubber Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Nitrile Butadiene Rubber Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Nitrile Butadiene Rubber Market

7. Global Nitrile Butadiene Rubber Market, By Product (USD Million)

7.1. Global Nitrile Butadiene Rubber Market Value Share and Forecast, By Product, 2023-2033
7.2. Adhesives & Sealants
7.3. Belts
7.4. Cables
7.5. Foamed Products
7.6. Gloves
7.7. Hoses
7.8. Moulded & Extruded Products
7.9. Rubber Compounds
7.10. Seals & O-rings
7.11. Others

8. Global Nitrile Butadiene Rubber Market, By End Use (USD Million)

8.1. Global Nitrile Butadiene Rubber Market Value Share and Forecast, By End Use, 2023-2033
8.2. Automotive
8.3. Construction
8.4. Mechanical Engineering
8.5. Medical
8.6. Metallurgy & Mining
8.7. Oil & Gas
8.8. Others

9. Global Nitrile Butadiene Rubber Market Forecast, 2019-2033 (USD Million)

9.1. Global Nitrile Butadiene Rubber Market Size and Market Share

10. Global Nitrile Butadiene Rubber Market, By Product, 2019-2033 (USD Million)

10.1. Global Nitrile Butadiene Rubber Market Size and Market Share By Product (2019-2026)
10.2. Global Nitrile Butadiene Rubber Market Size and Market Share By Product (2027-2033)

11. Global Nitrile Butadiene Rubber Market, By End Use, 2019-2033 (USD Million)

11.1. Global Nitrile Butadiene Rubber Market Size and Market Share By End Use (2019-2026)
11.2. Global Nitrile Butadiene Rubber Market Size and Market Share By End Use (2027-2033)

12. Global Nitrile Butadiene Rubber Market, By Region, 2019-2033 (USD Million)

12.1. Global Nitrile Butadiene Rubber Market Size and Market Share By Region (2019-2026)
12.2. Global Nitrile Butadiene Rubber Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific

12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific

12.4. Europe

12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe

12.5. Middle East and Africa

12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa

12.6. North America

12.6.1. Canada
12.6.2. Mexico
12.6.3. United States

12.7. Latin America

12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America

13. Company Profile

13.1. AirBoss of America

13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments

13.2. Anqing Hualan Technology Co., Ltd.

13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments

13.3. Apcotex Industries Limited

13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments

13.4. Arlanxeo

13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments

13.5. Atlantic Gasket Corporation

13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments

13.6. Chang Rubber

13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments

13.7. Dynasol Group

13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments

13.8. Hanna Rubber Company

13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments

13.9. JSR Corporation

13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments

13.10. KUMHO PETROCHEMICAL

13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments

13.11. LG Chem

13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments

13.12. NANTEX Industry Co., Ltd.

13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments

13.13. NITRIFLEX

13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments

13.14. PetroChina Company Limited

13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments

13.15. Precision Associates Inc.

13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments

13.16. SIBUR

13.16.1. Company details
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments

13.17. Synthos S.A.

13.17.1. Company details
13.17.2. Financial outlook
13.17.3. Product summary
13.17.4. Recent developments

13.18. Versalis S.p.A.

13.18.1. Company details
13.18.2. Financial outlook
13.18.3. Product summary
13.18.4. Recent developments

13.19. Zeon Chemicals L.P.

13.19.1. Company details
13.19.2. Financial outlook
13.19.3. Product summary
13.19.4. Recent developments

13.20. Others

14. List of Abbreviations

15. Reference Links

16. Conclusion

17. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the Nitrile Butadiene Rubber Market?

Nitrile Butadiene Rubber Market is projected to reach USD 3.21 billion by 2033, growing at a CAGR of 5.59% during the forecast period.

What is the growth rate of the Nitrile Butadiene Rubber Market?

Nitrile Butadiene Rubber Market grew in market size from 2022. The Market is expected to reach USD 3.21 billion by 2033, at a CAGR of 5.59% during the forecast period.

What is the anticipated CAGR of the Nitrile Butadiene Rubber Market?

Nitrile Butadiene Rubber Market CAGR of 5.59% during the forecast period.

How can I get a sample report on the Nitrile Butadiene Rubber Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Nitrile Butadiene Rubber Market?

Nitrile Butadiene Rubber Market size is USD 3.21 billion from 2023 to 2033.

Which segment is expected to Nitrile Butadiene Rubber Market?

Nitrile Butadiene Rubber Market Segment is covered By Product, By End Use.

Which region is expected to have the highest market share in the Nitrile Butadiene Rubber Market?

The North America is anticipated to have the highest market share in the Nitrile Butadiene Rubber Market.

Who are the key players in Nitrile Butadiene Rubber Market?

The key players in the market include Companies Covered AirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company.

What is the conclusion of the Nitrile Butadiene Rubber Market?

Nitrile butadiene rubber (NBR), also known as Buna-N or nitrile rubber, is made by copolymerizing butadiene and acrylonitrile. Butadiene and acrylonitrile copolymerize to form the synthetic rubber nitrile butadiene.