Global Nitrile Butadiene Rubber Market Size By Application (Gloves, Medical, Industrial), By End-User (Industrial, Healthcare and Clean Room, Food), By Geographic Scope And Forecast
Report ID: 15723|No. of Pages: 202
Global Nitrile Butadiene Rubber Market Size By Application (Gloves, Medical, Industrial), By End-User (Industrial, Healthcare and Clean Room, Food), By Geographic Scope And Forecast
Nitrile Butadiene Rubber Market Size and Forecast
Nitrile Butadiene Rubber Market size was valued at USD 1.94 Billion in 2023 and is projected to reach USD 3.04 Billion by 2031 growing at a CAGR of 6.35% from 2024 to 2031.
- Nitrile Butadiene Rubber (NBR) is a synthetic rubber made out of acrylonitrile and butadiene. It is highly resistant to oil, fuel and chemicals, making it ideal for automotive, aeronautical and industrial applications. It possesses high abrasion resistance and good tensile strength.
- NBR is commonly utilized in the manufacture of seals, gaskets, hoses and O- rings. Its resistance to oils and fuels makes it perfect for use in automotive and industry applications where harsh chemicals are frequently encountered. It is also utilized in gloves for medical and industrial applications due to its resilience.
- NBR’s potential applications are expanding as materials technology advances. Innovations in formulation improve its performance and durability, making it suitable for more demanding applications. As industries aim to become more robust and specialized materials, NBR will likely see increasing use in high-performance and environmentally challenging applications.
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Global Nitrile Butadiene Rubber Market Dynamics
The key market dynamics that are shaping the global Nitrile Butadiene Rubber (NBR) Market include:
Key Market Drivers:
- Automotive Industry Growth: The NBR market is driven by rising demand for automotive components such as seals, gaskets and fuel hoses, which are resistant to oils and fuels.
- Industrial Applications: The expansion of the manufacturing and industrial sectors, which require robust and chemically resistant materials for machinery and equipment, increases NBR demand.
- Medical and Protective Gear: The growing use of NBR in medical gloves and protective equipment due to its chemical resistance and durability is driving market expansion.
- Technological Advancements: Innovations in NBR formulations improve performance, resulting in new applications and increasing use across multiple sectors.
Key Challenges:
- Price Volatility: Fluctuations in raw material costs, such as butadiene and acrylonitrile, can have an impact on NBR pricing and availability, causing market instability.
- Environmental Concerns: The manufacture and disposal of NBR present environmental issues, including as emissions and waste management, which are coming under greater regulatory attention.
- Competition from Alternatives: New synthetic and natural rubber alternatives with improved qualities or lower costs threaten NBR’s market dominance.
- Technological Advancements: Rapid advances in polymer technology may outrun present NBR capabilities, necessitating ongoing innovation to remain competitive in specific applications.
Key Trends:
- Rising Demand in the Automobile Industry: NBR demand is being driven by the automobile industry’s use of seals, gaskets and fuel system components. Growth in automobile production and a shift toward more durable materials are driving NBR market expansion.
- Expansion in Healthcare Applications: NBR is increasingly being used in medical gloves and other healthcare items due to its great chemical resistance and durability. This trend is being driven by increasing healthcare needs and demanding sanitary standards.
- Technological Advancements: Innovations in NBR formulations improve performance features like as resilience to severe temperatures and chemicals. These innovations extend its application breadth and drive market growth.
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Global Nitrile Butadiene Rubber Market Regional Analysis
Here is a more detailed regional analysis of the global nitrile butadiene rubber market:
North America:
- According to Verified Market Research, North America is expected to dominate the global nitrile butadiene rubber market.
- North America is predicted to lead the worldwide nitrile butadiene rubber (NBR) market because to its strong automotive and industrial sectors. The region’s superior manufacturing capabilities and considerable expenditures in automobile production help to drive up demand for NBR, which is utilized in seals, gaskets and hoses.
- Additionally, the increasing emphasis on technological improvements and high-performance materials strengthens NBR’s application in a variety of industries. North America’s well-established infrastructure and research facilities contribute to its leadership position. As industrial and automotive operations develop, North America’s dominance in the NBR industry is expected to remain.
Asia Pacific:
- According to Verified Market Research, Asia Pacific is fastest growing region in global nitrile butadiene rubber market.
- Asia-Pacific is the fastest-growing area in the global nitrile butadiene rubber (NBR) market, owing to rapid industrialization and rising automotive and healthcare sectors. The region’s growing need for NBR in manufacturing, automotive components and medical gloves is driving market expansion.
- Emerging economies, such as China and India, make significant contributions because to their expanding industrial capacities and infrastructure. The rising emphasis on improving industrial processes and material performance promotes NBR implementation. As these economies prosper and invest in new technologies, Asia-Pacific is likely to play an increasingly important position in the NBR market.
Global Nitrile Butadiene Rubber Market: Segmentation Analysis
The Global Nitrile Butadiene Rubber Market is segmented based on Application, End-User and Geography.
Nitrile Butadiene Rubber Market, By Application
- Gloves
- Medical
- Industrial
Based on Application, Global Nitrile Butadiene Rubber Market is divided into Gloves, Medical, Industrial. In the global nitrile butadiene rubber (NBR) market, the gloves application dominates. Because of its outstanding chemical resistance and durability, NBR is a popular material in the disposable and protective glove industry.
Nitrile Butadiene Rubber Market, By End-User
- Industrial
- Healthcare and Clean Room
- Food
Based on End-User, Global Nitrile Butadiene Rubber Market is divided into Industrial, Healthcare and Clean Room, and Food. In the global nitrile butadiene rubber (NBR) market, the industrial sector is the leading end-user. NBR’s widespread use in seals, gaskets, hoses and other industrial applications fuels its high demand in this market.
Nitrile Butadiene Rubber Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Nitrile Butadiene Rubber Market divided into North America, Europe, Asia Pacific and Rest of the World. North America dominates the nitrile butadiene rubber (NBR) market because to its large automotive and industrial sectors. However, Asia-Pacific is the fastest-growing market, owing to increasing industrial activity, automobile manufacturing and healthcare needs, all of which are considerably increasing regional demand for NBR.
Key Players
The Global Nitrile Butadiene Rubber Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are 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, Atlantic Gasket Corporation, Precision Associates, Inc., Anqing Hualan Technology Co., Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Nitrile Butadiene Rubber Market Recent Developments
- In May 2023, Sinopec’s new synthetic rubber plant in Hainan, China, will begin operations. The project is a joint venture between Baling New Material and Sinopec’s subsidiary Hainan Refining & Chemical, Co.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Period | 2020-2022 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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, Atlantic Gasket Corporation, Precision Associates, Inc., Anqing Hualan Technology Co., Ltd. |
| Segments Covered | By Application, By End-User and By Geography. |
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL NITRILE BUTADIENE RUBBER MARKET
1.1 Introduction of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL NITRILE BUTADIENE RUBBER MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL NITRILE BUTADIENE RUBBER MARKET, BY APPLICATION
5.1 Overview
5.2 Gloves
5.3 Medical
5.5 Industrial
6 GLOBAL NITRILE BUTADIENE RUBBER MARKET, BY END-USER
6.1 Overview
6.2 Industrial
6.3 Healthcare and Clean Room
6.4 Food
7 GLOBAL NITRILE BUTADIENE RUBBER MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL NITRILE BUTADIENE RUBBER MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 ARLANXEO
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Zeon Chemicals L.P.
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 NITRIFLEX
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 SIBUR
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 PetroChina Company Limited
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Dynasol Group
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Synthos S.A.
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 KUMHO PETROCHEMICAL
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 LG Chem
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Versalis S.p.A.
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
Report Research Methodology
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
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- Raw material scenario and supply v/s price trends
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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