What is Global Nitrile Rubber (NBR) Market?
The Global Nitrile Rubber (NBR) Market is a vast and dynamic sector that encompasses a wide range of products and applications. Nitrile Rubber, also known as NBR, is a synthetic rubber copolymer of acrylonitrile (ACN) and butadiene. This unique composition gives NBR superior resistance to oil, fuel, and other chemicals, making it an essential material in various industries. The global market for NBR was valued at a significant US$ 3290.5 million in 2022. The market is projected to grow at a steady pace, with an anticipated value of US$ 4905.5 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2023 to 2029.
Block NBR, Particles/Crumb NBR, Powder NBR in the Global Nitrile Rubber (NBR) Market:
The Global Nitrile Rubber (NBR) Market is segmented into different types based on their form and application. These include Block NBR, Particles/Crumb NBR, and Powder NBR. Block NBR is a solid form of NBR that is widely used in the manufacturing of seals, gaskets, and other industrial components. Particles/Crumb NBR, on the other hand, is a granular form of NBR that is often used in the production of rubber compounds and adhesives. Powder NBR is a powdered form of NBR that is typically used in applications that require a high degree of dispersion and uniformity. Each of these forms has its unique properties and applications, contributing to the diversity and versatility of the NBR market.
Automobiles Industry, Construction Industry, Machinery Industry, Aprons & Cots Industry, Others in the Global Nitrile Rubber (NBR) Market:
The Global Nitrile Rubber (NBR) Market finds extensive usage in various industries such as the Automobiles Industry, Construction Industry, Machinery Industry, Aprons & Cots Industry, among others. In the Automobiles Industry, NBR is used in the manufacturing of fuel and oil handling hoses, seals, grommets, and self-sealing fuel tanks. In the Construction Industry, NBR is used in window and door seals, caulking materials, and sound insulation. The Machinery Industry uses NBR in the production of hydraulic hoses, conveyor belting, and roll covers. In the Aprons & Cots Industry, NBR is used in the manufacturing of protective clothing, including gloves, aprons, and boots. Other industries also utilize NBR in various applications, further expanding its market reach.
Global Nitrile Rubber (NBR) Market Outlook:
The global Nitrile Rubber (NBR) Market outlook reveals some interesting trends and patterns. The market was valued at US$ 3290.5 million in 2022 and is expected to reach US$ 4905.5 million by 2029, growing at a CAGR of 5.8% during the forecast period 2023-2029. The top two manufacturers of Nitrile Rubber (NBR) are LANXESS and Zeon, holding about 40% of the market shares. In terms of regional consumption, China remains the largest consumer of NBR in recent years, accounting for 47% of global consumption volume. This data provides a snapshot of the current state of the NBR market, offering valuable insights for stakeholders and potential investors.
| Report Metric | Details |
| Report Name | Nitrile Rubber (NBR) Market |
| Accounted market size in 2022 | US$ 3290.5 in million |
| Forecasted market size in 2029 | US$ 4905.5 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | LANXESS, Zeon, CNPC, Nantex, KKPC, LG, Ningbo Shunze, Sibur, JSR, Industrias Negromex, Versalis, Petrobras Argentina, Huangshan Hualan Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
