What is Global Nitrile Butadiene Rubber (NBR) Market?
The Global Nitrile Butadiene Rubber (NBR) Market is a vast and dynamic sector that encompasses a wide range of products and applications. NBR, also known as Buna-N, is a synthetic rubber copolymer of acrylonitrile (ACN) and butadiene. It is known for its excellent resistance to oil, fuel, and other chemicals, making it a crucial component in various industries. The market for NBR is global, with demand and supply chains spanning across continents. As of 2022, the market was valued at a staggering US$ 2528.9 million, indicating the significant economic impact of this industry. The market is projected to grow further, reaching an estimated value of US$ 2850.2 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.7% from 2023 to 2029.
Block Type, Particles/Crumb Type, Powder Type in the Global Nitrile Butadiene Rubber (NBR) Market:
The Global Nitrile Butadiene Rubber (NBR) Market is segmented based on the type of NBR, namely Block Type, Particles/Crumb Type, and Powder Type. Each type has its unique properties and applications. Block Type NBR is typically used in applications that require high resistance to oils and fuels, such as seals and gaskets in the automotive industry. Particles/Crumb Type NBR, on the other hand, is often used in applications that require good abrasion resistance, such as in the production of footwear and conveyor belts. Powder Type NBR is commonly used in applications that require a high degree of flexibility and elasticity, such as in the production of gloves and other protective equipment. The choice of NBR type depends on the specific requirements of the application, and the market for each type is influenced by the demand from its respective end-use industries.
Automotive & Transportation, Construction Industry, Machinery Industry, Aprons & Cots Industry, Others in the Global Nitrile Butadiene Rubber (NBR) Market:
The Global Nitrile Butadiene Rubber (NBR) Market finds extensive usage in various sectors such as Automotive & Transportation, Construction Industry, Machinery Industry, Aprons & Cots Industry, among others. In the Automotive & Transportation sector, NBR is used in the production of fuel and oil handling hoses, seals, grommets, and self-sealing fuel tanks. In the Construction Industry, it is used in window and door seals, caulking materials, and roofing membranes. 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 production of protective clothing and equipment. Other industries that use NBR include the oil and gas industry, the food and beverage industry, and the medical industry.
Global Nitrile Butadiene Rubber (NBR) Market Outlook:
The global Nitrile Butadiene Rubber (NBR) market outlook reveals some interesting trends and patterns. The market, valued at US$ 2528.9 million in 2022, is expected to grow to US$ 2850.2 million by 2029, with a CAGR of 3.7% during the forecast period of 2023-2029. This growth is driven by the increasing demand for NBR in various industries, particularly in the automotive and construction sectors. The market is dominated by the top 5 companies, which collectively hold about 50% of the market share. Geographically, China is the largest market for NBR, accounting for about 37% of the global market. This is followed by Southeast Asia and Europe, which hold about 16% of the market share. These figures indicate the significant role of these regions in the global NBR market.
| Report Metric | Details |
| Report Name | Nitrile Butadiene Rubber (NBR) Market |
| Accounted market size in 2022 | US$ 2528.9 in million |
| Forecasted market size in 2029 | US$ 2850.2 million |
| CAGR | 3.7% |
| 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, CNPC, Ningbo Shunze, Nantex, Kumho Petrochemical, JSR Corporation, LG Chem, Versalis S.P.A, Zeon Corporation, Sibur Holding, Apcotex |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
