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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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 373.0 | 381.6 | 376.8 | 378.8 | 384.6 | 393.9 | 406.1 | 421.7 | 439.5 | 460.3 | 484.4 | 512.6 | 545.3 | 4.8% |
| Europe | 433.5 | 444.1 | 439.1 | 442.1 | 449.4 | 460.9 | 476.0 | 493.7 | 517.4 | 544.8 | 576.4 | 613.3 | 655.9 | 5.2% |
| Asia Pacific | 1,128.9 | 1,167.6 | 1,165.4 | 1,184.3 | 1,215.4 | 1,258.3 | 1,311.6 | 1,377.0 | 1,456.3 | 1,547.5 | 1,652.2 | 1,773.9 | 1,914.5 | 6.2% |
| Latin America | 75.4 | 77.8 | 77.4 | 78.4 | 80.3 | 82.9 | 86.1 | 90.3 | 95.2 | 100.9 | 107.5 | 115.1 | 123.9 | 5.9% |
| MEA | 43.4 | 44.7 | 44.3 | 44.7 | 45.4 | 46.6 | 48.0 | 52.3 | 55.5 | 59.0 | 63.0 | 67.6 | 72.7 | 6.6% |
| Overall | 2,054.1 | 2,115.8 | 2,103.0 | 2,128.3 | 2,175.1 | 2,242.5 | 2,327.7 | 2,434.8 | 2,563.8 | 2,712.6 | 2,883.5 | 3,082.4 | 3,312.4 | 5.7% |
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