Europe Nitrile Butadiene Rubber Market Size & Outlook
Europe nitrile butadiene rubber market, 2018-2030 (US$M)
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Europe nitrile butadiene rubber market highlights
- The Europe nitrile butadiene rubber market generated a revenue of USD 460.9 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 460.9 million |
| Market revenue in 2030 | USD 656.0 million |
| Growth rate | 5.2% (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, Europe region accounted for 20.6% 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.
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Nitrile Butadiene Rubber Market Scope
Nitrile Butadiene Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 18.92% in 2023. Horizon Databook has segmented the Europe 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.
Europe witnessed significant demand in the past few years owing to high consumption of nitrile rubber in industrial & medical gloves and automobile markets. The industrial & medical gloves segment is expected to witness the highest growth rate on account of the well-established medical industry in the region coupled with a large number of chemical processing units.
Moreover, well-developed infrastructure along with the presence of renowned automakers including Groupe Renault, BMW Group, and Volkswagen AG among others is further anticipated to propel the demand for nitrile butadiene rubber in the automobile industry in this region.
However, increasing COVID-19 cases in European countries such as Russia, Spain, and the UK, among others, are hampering the demand for nitrile butadiene rubber in various end-use industries such as automotive, construction, footwear, and others.
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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 continent-level data and insights on the Europe nitrile butadiene rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe nitrile butadiene rubber market size, by country, 2018-2030 (US$M)
Europe Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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