Global Nitrile Butadiene Rubber Market Size & Outlook
Global nitrile butadiene rubber market, 2018-2030 (US$M)
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Global nitrile butadiene rubber market highlights
- The global nitrile butadiene rubber market generated a revenue of USD 2,242.5 million in 2023 and is expected to reach USD 3,312.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.7% by 2030.
- In terms of segment, seals & o-rings accounted for a revenue of USD 428.2 million in 2023.
- Gloves is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,242.5 million |
| Market revenue in 2030 | USD 3,312.4 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Gloves |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products |
Other key industry trends
- In terms of revenue, the North America accounted for 17.6% of the global nitrile butadiene rubber market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 50.8 million by 2030.
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Nitrile Butadiene Rubber Market Scope
Nitrile Butadiene Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global nitrile butadiene rubber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nitrile butadiene rubber market will help companies and investors design strategic landscapes.
seals & o-rings was the largest segment with a revenue share of 19.09% in 2023. Horizon Databook has segmented the Global nitrile butadiene rubber market based on hoses, belts, cables, molded & extruded products, seals & o-rings, rubber compounds, adhesives & sealants, gloves, foamed products covering the revenue growth of each sub-segment from 2018 to 2030.
Nitrile butadiene rubber products, such as hoses, oil handling seals, drill bit seals, and self-sealing fuel tanks, molded shapes, and others are widely utilized in oil & gas industry.
Properties such as excellent oil, fuel, grease resistance, heat resistance, and abrasion resistance are significantly propelling the demand for nitrile butadiene rubber in oil & gas industry.
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Target buyers of Global nitrile butadiene rubber market databook
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Our clientele includes a mix of nitrile butadiene rubber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global nitrile butadiene rubber market , including forecasts for subscribers. This global databook contains high-level insights into Global nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global nitrile butadiene rubber market statistics, by region, 2018-2030 (US$M)
Top 10 countries by Nitrile Butadiene Rubber Market revenue, 2023 (USD Million)
Top 10 countries by Nitrile Butadiene Rubber Market revenue, 2023 (USD Million)
Global nitrile butadiene rubber market, by region, 2023 (US$M)
Related regional statistics
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