Argentina Nitrile Butadiene Rubber Market Size & Outlook
Argentina nitrile butadiene rubber market, 2018-2030 (US$M)
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Argentina nitrile butadiene rubber market highlights
- The Argentina nitrile butadiene rubber market generated a revenue of USD 13.9 million in 2023 and is expected to reach USD 20.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, seals & o-rings was the largest revenue generating product in 2023.
- Gloves is the most lucrative product segment registering the fastest growth during the forecast period.
Nitrile butadiene rubber market data book summary
| Market revenue in 2023 | USD 13.9 million |
| Market revenue in 2030 | USD 20.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Gloves |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | ARLANXEO, Zeon Corp, Sibur, PetroChina Co Ltd Class H, Dynasol Group, Syensqo SA, Kumho Petrochemical, LG Chem, Eni, JSR Corp, AirBoss of America Corp, Atlantic Lithium Ltd, Manhattan Associates Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global nitrile butadiene rubber market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 47.9 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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Argentina 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 19.42% in 2023. Horizon Databook has segmented the Argentina 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.
Rising demand for nitrile butadiene rubber in various industries, such as automotive, oil & gas, construction, medical, and metallurgy & mining, among others, is expected to propel market growth over the forecast period.
Automotive and oil & gas were the major end-use industry segments in Argentina in 2020. Moreover, the presence of automobile manufacturers such as General Motors de Argentina S.R.L., Volkswagen Argentina S.A., and Nissan, among others, in the country is anticipated to generate demand for nitrile butadiene rubber over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Argentina nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
Argentina Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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