Canada Nitrile Butadiene Rubber Market Size & Outlook
Canada nitrile butadiene rubber market, 2018-2030 (US$M)
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Canada nitrile butadiene rubber market highlights
- The Canada nitrile butadiene rubber market generated a revenue of USD 54.7 million in 2023 and is expected to reach USD 73.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% 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 54.7 million |
| Market revenue in 2030 | USD 73.9 million |
| Growth rate | 4.4% (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, Canada accounted for 2.4% 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 North America, U.S. nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 420.5 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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Canada 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 20.84% in 2023. Horizon Databook has segmented the Canada 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.
The nitrile butadiene rubber market in Canada is expected to grow substantially over the forecast period owing to huge demand from oil & gas, automotive, medical, construction, and metallurgy & mining industries. Oil & gas industry plays a vital role in the economy of Canada.
The country is a net exporter of most of the energy commodities and is a major producer of crude oil, natural gas, hydroelectricity, and other liquids from oil sands. Oil & gas industry in Canada is characterized by the presence of several producers including Suncor Energy Inc., Canadian Natural Resources Limited, Imperial Oil, Husky Energy, Inc., and Cenovus Energy, Inc.
Furthermore, increasing metals & mining production in Canada is anticipated to create demand for nitrile butadiene rubber in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Canada nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
Canada Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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