Nitrile Butadiene Rubber Market - Forecast(2024 - 2030)

Report Code: CMR 75395 Report Format: PDF + Excel

Nitrile Butadiene Rubber Market Overview

Nitrile Butadiene Rubber Market size is estimated to grow at a CAGR of 4.8% during 2022-2027 and is valued at USD $ 2.91 billion in the year 2027. Nitrile butadiene rubber (NBR), also known as Acrylonitrile butadiene rubber, is a copolymer of two monomers, acrylonitrile (ACN), and butadiene. The yielded polymer latex is coagulated using calcium nitrate, aluminium nitrate, and other coagulating agents, to obtain the nitrile butadiene rubber. It is the most commonly used elastomer in seals and the industrial sector. The primary reason for this is its excellent resistance to hydrocarbon oils, unlike natural rubber. A common branch of NBR is carboxylated nitrile butadiene rubber (XNBR), where carboxylic acid groups are introduced to NBR.

COVID-19 Impact 

During the COVID-19 Pandemic, many industries had suffered a tumultuous time, and it was no different for the Nitrile Butadiene Rubber Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. Some of the primary end-users of nitrile butadiene rubber are the automotive and aerospace industries. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the production of passenger vehicles decreased by 16.9% from 2019 to 2020. According to the International Air Transport Association (IATA), the demand for passenger air travel fell by 65% from 2019 to 2020 with international travel decreasing by 75.6% since 2019. However, the economy is now recovering as many people are getting vaccinated and lockdown procedures are being lifted globally. Due, to this the Aerospace Industry is projected to recover. There was a 13.1% growth in capacity tonne kilometre (CTK) for global cargo transport in airlines in 2021. As such, the Nitrile Butadiene Rubber Market is also expected to grow within the forecast period 2022-2027.

Nitrile Butadiene Rubber Market Report Coverage

The report: “Nitrile Butadiene Rubber Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Nitrile Butadiene Rubber Industry.

By Type: Low Acrylonitrile, Medium Acrylonitrile, Medium-high Acrylonitrile, High Acrylonitrile, Others.

By Application: Seals & O-rings, Hoses, Rollers, Industrial Gaskets, Conveyor Belts, Gloves, Others.

By End Use Industry: Automotive, Industrial, Oil & Gas, Medical, Building & Construction, Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa).

Key Takeaways

  • The Asia-Pacific region will dominate the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027.
  • Seals & O-rings are the most common application of nitrile butadiene rubber as it is virtually used in every industry and sector to provide resistance and stability.
  • The growth in the Automotive sector and the Aerospace & Defense sector will drive the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027.

Figure: Asia-Pacific Nitrile Butadiene Rubber Market 2021-2027 (USD $ Million)

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Nitrile Butadiene Rubber Market Analysis – By Application

Seals & O-rings hold the largest share of 38% by application in the Nitrile Butadiene Rubber Market within the forecast period 2022-2027. O-rings are mechanical seals in the shape of a torus that is used for static seal applications. O-ring seals are used in diverse areas of applications, from tap fittings to air-conditioning systems to car engines. They are widely demanded due to their resistance to ozone, swelling, and high temperatures. The increasing demand for industrial manufacturing has also led to an increase in demand for seals and O-rings. According to the United Nations Industrial Development Organization (UNIDO), the manufacturing output of North America increased by 5.9% year-on-year in the third quarter of 2021 and there was an increase of 6.3% year-on-year in Asia Pacific as well. Other applications of nitrile butadiene rubber are hoses, rollers, and industrial gaskets, which are primarily used in the automotive and aerospace industries as well as gloves that are used in the medical industry.

Nitrile Butadiene Rubber Market Analysis – By End-Use Industry

The Automotive sector holds the largest share of 40% by end-use industry in the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027. Nitrile butadiene is always in high demand in the automotive industry because it provides good mechanical properties along with oil, fuel, and heat resistance. They can also be blended with other rubbers which makes them versatile to use in different applications. According to the Organisation Internationale des Cosntructeurs d’Automobiles (OICA), the total production of vehicles increased to 57.3 million in 2021 which was a 9.1% increase from the production values of 2020. NBR is also widely used in the Aerospace & Defense sectors. The Boeing Commercial Market Outlook 2021-2040 has estimated that the world fleet of aircraft will grow by a total of 43,610, an estimate of 3.1% growth. The growing demand in the Automotive sector and the Aerospace & Defense sector is one of the primary drivers for the Nitrile Butadiene rubber Market within the forecast period of 2022-2027.

Nitrile Butadiene Rubber Market Analysis – By Geography

The Asia-Pacific region holds the largest share of 42% by geography in the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027. This is because the region accounts for substantial growth in the industrial sector and different industries like the automotive industry and the aerospace industry. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the Asia-Pacific region had the largest production of motor vehicles in the year 2020, with a total production value of 44.3 million vehicles. China is the leading producer of motor vehicles in the world, with a total production of 25.3 million in 2020. According to Boeing Commercial Market Outlook 2021-2040, China is estimated to acquire 8,700 new aircraft within the next 20 years. China, also, currently accounts for 13% of the worldwide fleet which is estimated to be 19.9% by 2040. Boeing reports that within the next 20 years, a total of 4,415 aircraft deliveries will be sanctioned in South Asia, with India having the highest demand due to its increase in domestic air traffic. As such, the Asia-Pacific region is expected to dominate the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027.

Nitrile Butadiene Rubber Market Drivers

The growth of the Automotive Industry and the Aerospace & Defense Industry:

One of the key drivers for the Nitrile Butadiene Rubber Market is the growth and the increase in demand for the Automotive and Aerospace industries. According to the Organisation Internationale des Cosntructeurs d’Automobiles (OICA), the total production of vehicles increased to 57.3 million in 2021 which was a 9.1% increase from the production values of 2020. According to the Boeing Commercial Market Outlook 2021-2040, 43,610 new aircraft will be added to the global fleet by 2040 which accounts for a growth of 3.1%. Nitrile butadiene rubber is essential in these industries as they are used in various applications such as hoses, rollers, belts, tires, cables, and so on. As such, this is a great driving factor for the Nitrile Butadiene Rubber Market within the forecast period of 2022-2027.

Nitrile Butadiene Rubber Market Challenges

Stringent Regulations that limit the production of Rubber:

Many different regulations are put in place around the world to mitigate the manufacturing process of rubber as it can cause various environmental pollutions. For example, the National Emission Standards for Hazardous Air Pollutants in the United States is put in place to regulate the production of rubber to lower the emission of hazardous air pollutants. This proves to be a challenge for the growth of the Nitrile Butadiene Rubber market and can be a hindrance within the forecast period of 2022-2027.

Nitrile Butadiene Rubber Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Nitrile Butadiene Rubber top 10 companies include:

  1. ARLANXEO
  2. Kumho Petrochemical Co., Ltd.
  3. TSRC Corporation
  4. Sinopec
  5. JSR CORPORATION
  6. LG Chem
  7. ZEON CORPORATION
  8. SIBUR
  9. Versailles S.p.A
  10. OMNOVA Solutions Inc.

Recent Developments

  • On December 28, 2020, SIBUR Holding, a leading petrochemicals company from Russia, and Sinopec, China’s leading energy and chemical company, had set up a joint venture at the Amur Gas Chemical Complex with SIBUR holding 60% of the share and Sinopec holding 40%. This increased the NBR production of both companies and helped expand their reach globally as well.

Relevant Reports

Specialty Polymers Market – Forecast (2022 - 2027)
Report Code: CMR 0065

Rubber Processing Chemicals (Additives) Market – Forecast (2022 - 2027)
Report Code: CMR 0168

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1. Nitrile Butadiene Rubber Market- Market Overview
    1.1 Definitions and Scope
2. Nitrile Butadiene Rubber Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Nitrile Butadiene Rubber Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Nitrile Butadiene Rubber Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Nitrile Butadiene Rubber Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Nitrile Butadiene Rubber Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Nitrile Butadiene Rubber Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Nitrile Butadiene Rubber Market – By Type (Market Size - $Million/Billion)
    8.1 Low Acrylonitrile
    8.2 Medium Acrylonitrile
    8.3 Medium-High Acrylonitrile
    8.4 High Acrylonitrile
    8.5 Others
9. Nitrile Butadiene Rubber Market – By Application (Market Size - $Million/Billion)
    9.1 Seals & O-rings
    9.2 Hoses
    9.3 Rollers
    9.4 Industrial Gaskets
    9.5 Conveyor Belts
    9.6 Gloves
    9.7 Others
10. Nitrile Butadiene Rubber Market – By End-Use Industry (Market Size -$Million/Billion)
    10.1 Automotive
    10.2 Industrial
    10.3 Oil & Gas
    10.4 Medical
    10.5 Building & Construction
    10.6 Others
11. Nitrile Butadiene Rubber Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zeeland
        11.4.6 Indonesia
        11.4.7 Taiwan
        11.4.8 Malaysia
        11.4.9 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Nitrile Butadiene Rubber Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Nitrile Butadiene Rubber Market – Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Nitrile Butadiene Rubber Market – Key Company List by Country Premium Premium
15. Nitrile Butadiene Rubber Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES

1.Global Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
1.1 O RINGS AND SEALS Market 2023-2030 ($M) - Global Industry Research
1.2 BELTS AND CABLES Market 2023-2030 ($M) - Global Industry Research
1.3 HOSES Market 2023-2030 ($M) - Global Industry Research
1.4 GLOVES Market 2023-2030 ($M) - Global Industry Research
1.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Global Industry Research
1.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Global Industry Research
1.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Global Industry Research
2.Global Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 (Volume/Units)
2.1 O RINGS AND SEALS Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 BELTS AND CABLES Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 HOSES Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 GLOVES Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 FOAMED PRODUCTS Market 2023-2030 (Volume/Units) - Global Industry Research
2.6 ADHESIVES AND SEALANTS Market 2023-2030 (Volume/Units) - Global Industry Research
2.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
3.1 O RINGS AND SEALS Market 2023-2030 ($M) - Regional Industry Research
3.2 BELTS AND CABLES Market 2023-2030 ($M) - Regional Industry Research
3.3 HOSES Market 2023-2030 ($M) - Regional Industry Research
3.4 GLOVES Market 2023-2030 ($M) - Regional Industry Research
3.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
3.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Regional Industry Research
3.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
4.South America Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
4.1 O RINGS AND SEALS Market 2023-2030 ($M) - Regional Industry Research
4.2 BELTS AND CABLES Market 2023-2030 ($M) - Regional Industry Research
4.3 HOSES Market 2023-2030 ($M) - Regional Industry Research
4.4 GLOVES Market 2023-2030 ($M) - Regional Industry Research
4.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
4.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Regional Industry Research
4.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
5.Europe Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
5.1 O RINGS AND SEALS Market 2023-2030 ($M) - Regional Industry Research
5.2 BELTS AND CABLES Market 2023-2030 ($M) - Regional Industry Research
5.3 HOSES Market 2023-2030 ($M) - Regional Industry Research
5.4 GLOVES Market 2023-2030 ($M) - Regional Industry Research
5.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
5.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Regional Industry Research
5.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
6.APAC Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
6.1 O RINGS AND SEALS Market 2023-2030 ($M) - Regional Industry Research
6.2 BELTS AND CABLES Market 2023-2030 ($M) - Regional Industry Research
6.3 HOSES Market 2023-2030 ($M) - Regional Industry Research
6.4 GLOVES Market 2023-2030 ($M) - Regional Industry Research
6.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
6.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Regional Industry Research
6.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
7.MENA Nitrile Butadiene Rubber Market, BY PRODUCT Market 2023-2030 ($M)
7.1 O RINGS AND SEALS Market 2023-2030 ($M) - Regional Industry Research
7.2 BELTS AND CABLES Market 2023-2030 ($M) - Regional Industry Research
7.3 HOSES Market 2023-2030 ($M) - Regional Industry Research
7.4 GLOVES Market 2023-2030 ($M) - Regional Industry Research
7.5 FOAMED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research
7.6 ADHESIVES AND SEALANTS Market 2023-2030 ($M) - Regional Industry Research
7.7 MOLDED AND EXTRUDED PRODUCTS Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
2.Canada Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
3.Mexico Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
4.Brazil Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
5.Argentina Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
6.Peru Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
7.Colombia Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
8.Chile Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
9.Rest of South America Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
10.UK Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
11.Germany Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
12.France Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
13.Italy Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
14.Spain Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
15.Rest of Europe Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
16.China Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
17.India Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
18.Japan Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
19.South Korea Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
20.South Africa Nitrile Butadiene Rubber Market Revenue, 2023-2030 ($M)
21.North America China Nitrile Butadiene Rubber By Application
22.South America China Nitrile Butadiene Rubber By Application
23.Europe China Nitrile Butadiene Rubber By Application
24.APAC China Nitrile Butadiene Rubber By Application
25.MENA China Nitrile Butadiene Rubber By Application
26.KUMHO PETROCHEMICAL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.CHINA PETROCHEMICAL CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.LANXESS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.SIBUR HOLDING, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.APCOTEX INDUSTRIES LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.ZEON CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.VERSALIS S.P.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.LG CHEM., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.JSR CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.TSRC, Sales /Revenue, 2015-2018 ($Mn/$Bn)