Nitrile Butadiene Rubber (NBR) Market Size, Share, Analysis, Trends, Growth, 2032

Nitrile Butadiene Rubber (NBR) Market Insights

According to a report from Zion Market Research, the global Nitrile Butadiene Rubber (NBR) Market was valued at USD 11.69 Billion in 2023 and is projected to hit USD 16.50 Billion by 2032, with a compound annual growth rate (CAGR) of 3.9% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Nitrile Butadiene Rubber (NBR) Market industry over the next decade.

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Nitrile Butadiene Rubber (NBR) Market: Overview

Nitrile Butadiene Rubber (NBR), usually said in market as Nitrile is a special elastomer. It is produced by polymerization technique on a larger scale in industry. NBR grades have better oil and abrasion resistance, low gas permeability, good heat resistance, hydrocarbon solvent resistance, and others. NBR are usually used where good oil resistance is required, hence majorly used in industries where applications are related to oil & gas industry. They are widely used as sealing application. Major application includes gaskets, diaphragms, liners, hoses, tubing, O-Rings, and various other applications. Among its varied features, the ability to sustain different temperature levels makes it useful in the aerospace applications. Physical attributes such as the hardness and stiffness of nitrile butadiene rubber make it the ideal material for use in the nuclear industry. All these factors contribute to the rising demand for nitrile butadiene rubber propelling its growth in the market.

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Nitrile Butadiene Rubber (NBR) Market: Growth Factors

Nitrile butadiene rubber (NBR) is formed by the copolymerization of butadiene and acrylonitrile and is also commonly known as Buna-N or nitrile rubber. Nitrile butadiene rubber is used in the automotive and industrial industries in manufacturing components such as kick panels, dashboards, brake pads, and so on. It is known as the workforce of rubber products in these sectors. It is used widely due to its better resistance to heat, puncture, fuel, and chemicals as compared to natural rubber.

Major growth of the nitrile butadiene rubber market can be seen in the automotive sector. Sustainability of varied temperatures and resistance to minerals, alkali, oils, and acid makes it favorable to be used in the automotive industry. This sector has been the largest end-use sector of the nitrile butadiene rubber market globally. The other major sectors which are witnessing a significant escalation are the construction sector and the industrial and medical gloves manufacturing sector. The expected government expenditure on developing infrastructure may also give a boost to the nitrile butadiene rubber market in the near future.

Nitrile Butadiene Rubber (NBR) Market: Report Scope

Nitrile Butadiene Rubber (NBR) Market: Segmentation

Application Segment Analysis

Application Segment attributed around 35% of the total revenue generated by the Nitrile Butadiene Rubber (NBR) market. Application is sub divided as Automotive, Oil & Gas, Medical, Metallurgy & Mining, Construction, and Others. Automotive, construction, oil & gas, medical, and metallurgy & mining are the key applications segmented in the research study. In terms of revenue, the automotive sector was the largest consuming application in the industry, which captured 30.5% of the total market in 2018.

Product Segment Analysis Preview

Product segment is subdivided into Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products, Others. Hoses, cables, belts, oil seals & O rings sub segment are largest in product segment contributing maximum revenue for the Nitrile butadiene rubber (NBR) market. These products are majorly used majorly by manufacturing companies, the regular population also buys these products as spare parts. The rise in usage of NBR and its products is increasing and hence contributing for the growth of NBR market.

Regional Analysis Preview

Asia-Pacific had the largest consumption of nitrile butadiene rubber and it dominated the NBR market globally in terms of revenue as well as volume. The second largest market is North America due to the high demand for nitrile butadiene rubber in the medical industry. Developing countries such as India as well as China are growing in the nitrile butadiene rubber market owing to rapid industrialization and the growth in the automotive sector. The Economic recession restrained the nitrile butadiene rubber market in the past but a moderate growth rate is expected in the European region in the coming years.

The regional segment of the NBR market report additionally gives singular market affecting variables and changes in guideline in the market locally that impacts the current and future patterns of the market. The information focuses on utilization volumes, import trade investigation, value pattern examination, cost of crude materials, and downstream and upstream worth chain examination are a portion of the significant pointers used to conjecture the market situation for singular countries.

Nitrile Butadiene Rubber (NBR) Market: Competitive Landscape

Some of key players in Nitrile Butadiene Rubber (NBR) Market are

• Sibur Holding
• Omnova Solutions
• Zeon Chemicals LP
• Lanxess AG
• Nitriflex S.A. Indústria e Comércio
• East-West Copolymer
• Industrias Negromex
• Kumho Petrochemical Co. Ltd.
• VersalisS.p.A.
• Sinopec Corporation
• JSR Corporation
• among others. 

On 23 May 2012, Lanxess Starts Up New NBR Plant in China, German specialty chemicals company Lanxess has started up on schedule a nitrile butadiene rubber (NBR) plant in Nantong, China, as part of its 50:50 joint venture with Taiwan's TSRC Corporation.

17 September 2019, SIBUR Holdings and Sinopec sign MoU to set up a nitrile rubber joint venture. As part of the regular meeting between Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang, SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production.

The two companies have jointly invested $50 million (approx. €39 million) in the new plant, which has an initial annual capacity of 30,000 metric tons. Some 100 new jobs have been created through the investment.

The global Nitrile Butadiene Rubber (NBR) Market is segmented as follows:

By Product

• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products
• Others

By Application

• Automotive
• Oil & Gas
• Medical
• Metallurgy & Mining
• Construction
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa