Nitrile Butadiene Rubber Trends and Forecast
The future of the global nitrile butadiene rubber market looks promising with opportunities in the automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, and medical markets. The global nitrile butadiene rubber market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increase in funding for infrastructure development and construction projects across a number of nations, growing residential building and an increasing need for rehabilitation of aging residential infrastructure, along with the increasing preference for electric vehicles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Nitrile Butadiene Rubber by Segment
The study includes a forecast for the global nitrile butadiene rubber by product, end use, and region.
Nitrile Butadiene Rubber Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-Rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products
• Others
Nitrile Butadiene Rubber Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Mechanical Engineering
• Oil & Gas
• Metallurgy & Mining
• Construction
• Medical
• Others
Nitrile Butadiene Rubber Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Nitrile Butadiene Rubber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nitrile butadiene rubber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nitrile butadiene rubber companies profiled in this report include-
• ARLANXEO
• Zeon Chemicals
• NITRIFLEX
• SIBUR
• PetroChina Company
• Dynasol Group
• Synthos
• TSRC
• JSR
• LG Chem
Nitrile Butadiene Rubber Market Insights
Lucintel forecasts that seals & o-rings will remain the largest segment over the forecast period due to increasing nitrile butadiene rubber end-use scope in the automotive industry.
Within this market, automotive will remain the largest segment because it is widely utilized in the automobile industry for gasoline and oil transporting hose, seals, and grommets, as well as water handling applications.
APAC will remain the largest region over the forecast period due to rising demand from a variety of end-use sectors, including automotive, oil and gas, footwear, metallurgy and mining, construction, and medical.
Features of the Global Nitrile Butadiene Rubber Market
Market Size Estimates: Nitrile butadiene rubber market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Nitrile butadiene rubber market size by product, end use, and region in terms of value ($B).
Regional Analysis: Nitrile butadiene rubber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, end use, and regions for the nitrile butadiene rubber market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nitrile butadiene rubber market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the nitrile butadiene rubber market size?
Answer: The global nitrile butadiene rubber market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for nitrile butadiene rubber market?
Answer: The global nitrile butadiene rubber market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the nitrile butadiene rubber market?
Answer: The major drivers for this market are increase in funding for infrastructure development and construction projects across a number of nations, growing residential building and an increasing need for rehabilitation of aging residential infrastructure, along with the increasing preference for electric vehicles.
Q4. What are the major segments for nitrile butadiene rubber market?
Answer: The future of the global nitrile butadiene rubber market looks promising with opportunities in the automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, and medical markets.
Q5. Who are the key nitrile butadiene rubber market companies?
Answer: Some of the key nitrile butadiene rubber companies are as follows:
• ARLANXEO
• Zeon Chemicals
• NITRIFLEX
• SIBUR
• PetroChina Company
• Dynasol Group
• Synthos
• TSRC
• JSR
• LG Chem
Q6. Which nitrile butadiene rubber market segment will be the largest in future?
Answer: Lucintel forecasts that seals & o-rings will remain the largest segment over the forecast period due to increasing nitrile butadiene rubber end-use scope in the automotive industry.
Q7. In nitrile butadiene rubber market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand from a variety of end-use sectors, including automotive, oil and gas, footwear, metallurgy and mining, construction, and medical.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nitrile butadiene rubber market by product (hoses, belts, cables, molded & extruded products, seals & o-rings, rubber compounds, adhesives & sealants, gloves, foamed products, and others), end use (automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Nitrile Butadiene Rubber Market, Nitrile Butadiene Rubber Market Size, Nitrile Butadiene Rubber Market Growth, Nitrile Butadiene Rubber Market Analysis, Nitrile Butadiene Rubber Market Report, Nitrile Butadiene Rubber Market Share, Nitrile Butadiene Rubber Market Trends, Nitrile Butadiene Rubber Market Forecast, Nitrile Butadiene Rubber Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.