Asia Pacific Nitrile Butadiene Rubber Market Size & Outlook
Asia Pacific nitrile butadiene rubber market, 2018-2030 (US$M)
Related Markets
Asia Pacific nitrile butadiene rubber market highlights
- The Asia Pacific nitrile butadiene rubber market generated a revenue of USD 1,258.3 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,258.3 million |
| Market revenue in 2030 | USD 1,914.5 million |
| Growth rate | 6.2% (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 |
| 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, Asia Pacific region accounted for 56.1% of the global nitrile butadiene rubber market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 72.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Nitrile Butadiene Rubber Market Scope
Nitrile Butadiene Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 18.61% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific dominated the global nitrile butadiene rubber market in 2020 and is projected to maintain its dominance over the forecast period. China led the market in 2020, in terms of both volume and revenue, in Asia Pacific.
Increasing demand from several end-use industries such as automotive, oil & gas, footwear, metallurgy & mining, construction, medical, and others are anticipated to fuel the market growth during the forecast period. Zeon Chemicals L.P., JSR Corporation, PetroChina Company Limited, LG Chem Ltd., Kumho Petrochemical Co., Ltd., and Apcotex Industries Limited, are some of the nitrile butadiene polymer rubber producers operating in the region.
Availability of cheap labor as well as close proximity to raw material suppliers, coupled with favorable FDI norms by governments, is further projected to facilitate investment in the industrial sector in the Asia Pacific, which is likely to propel the demand for nitrile butadiene rubber in the automotive, industrial machinery, construction, footwear, and other end-use industries.
Reasons to subscribe to Asia Pacific nitrile butadiene rubber market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific nitrile butadiene rubber market databook
-
Our clientele includes a mix of nitrile butadiene rubber market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific nitrile butadiene rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific nitrile butadiene rubber market size, by country, 2018-2030 (US$M)
Asia Pacific Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
