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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Nitrile butadiene rubber market size, 2023 (US$M)
Global nitrile butadiene rubber market share, by product, 2023 & 2030 (%, US$M)
Nitrile butadiene rubber market: Opportunity assessment by country
Global nitrile butadiene rubber market, by region, 2023 (US$M)
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