Nitrile Butadiene Rubber Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Nitrile Butadiene Rubber Market Size- By Product, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| 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 °C (-40 to 226 °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.
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: |
|
| By End Use: |
|
Key Topics Covered in the Report
- Global Nitrile Butadiene Rubber Market Size (FY’2023-FY’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 (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. 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. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Nitrile Butadiene Rubber Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Adhesives & Sealants7.3. Belts7.4. Cables7.5. Foamed Products7.6. Gloves7.7. Hoses7.8. Moulded & Extruded Products7.9. Rubber Compounds7.10. Seals & O-rings7.11. 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, 2023-20338.2. Automotive8.3. Construction8.4. Mechanical Engineering8.5. Medical8.6. Metallurgy & Mining8.7. Oil & Gas8.8. 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. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. AirBoss of America
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Anqing Hualan Technology Co., Ltd.
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Apcotex Industries Limited
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Arlanxeo
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Atlantic Gasket Corporation
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Chang Rubber
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Dynasol Group
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Hanna Rubber Company
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. JSR Corporation
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. KUMHO PETROCHEMICAL
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. LG Chem
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. NANTEX Industry Co., Ltd.
13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments
13.13. NITRIFLEX
13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments
13.14. PetroChina Company Limited
13.14.1. Company details13.14.2. Financial outlook13.14.3. Product summary13.14.4. Recent developments
13.15. Precision Associates Inc.
13.15.1. Company details13.15.2. Financial outlook13.15.3. Product summary13.15.4. Recent developments
13.16. SIBUR
13.16.1. Company details13.16.2. Financial outlook13.16.3. Product summary13.16.4. Recent developments
13.17. Synthos S.A.
13.17.1. Company details13.17.2. Financial outlook13.17.3. Product summary13.17.4. Recent developments
13.18. Versalis S.p.A.
13.18.1. Company details13.18.2. Financial outlook13.18.3. Product summary13.18.4. Recent developments
13.19. Zeon Chemicals L.P.
13.19.1. Company details13.19.2. Financial outlook13.19.3. Product summary13.19.4. 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.
Frequently Asked Questions About This Report
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.
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.
Nitrile Butadiene Rubber Market CAGR of 5.59% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Nitrile Butadiene Rubber Market size is USD 3.21 billion from 2023 to 2033.
Nitrile Butadiene Rubber Market Segment is covered By Product, By End Use.
The North America is anticipated to have the highest market share in the 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.
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.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
