China Nitrile Butadiene Rubber Market Size & Outlook
China nitrile butadiene rubber market, 2018-2030 (US$M)
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China nitrile butadiene rubber market highlights
- The China nitrile butadiene rubber market generated a revenue of USD 617.8 million in 2023 and is expected to reach USD 962.7 million by 2030.
- The China market is expected to grow at a CAGR of 6.5% 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 617.8 million |
| Market revenue in 2030 | USD 962.7 million |
| Growth rate | 6.5% (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, China accounted for 27.5% 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 Asia Pacific, China nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 962.7 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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China 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 18.63% in 2023. Horizon Databook has segmented the China 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.
China dominated Asia Pacific nitrile butadiene rubber market, in terms of both revenue and volume, in 2020. The Chinese market is anticipated to witness significant growth over the forecast period owing to the rising demand for the product in end-use industries including automotive, construction, oil & gas, metallurgy & mining, medical, and others.
China is one of the prominent producers as well as consumers of automobiles across the globe, which, further contributes to the demand for nitrile butadiene rubber in the automobile industry. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), China was the largest producer of vehicles in Asia Pacific and produced 25.2 million-unit vehicles in 2020.
Ascending demand for electric vehicles is expected to have a positive impact on automotive industry. China is one of the major producers of oil & gas in Asia Pacific region. According to the U.S. Energy Information Administration, the country accounted for approximately 5% of the global oil production in 2020.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the China nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into China nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
China Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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