Germany Nitrile Butadiene Rubber Market Size & Outlook
Germany nitrile butadiene rubber market, 2018-2030 (US$M)
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Germany nitrile butadiene rubber market highlights
- The Germany nitrile butadiene rubber market generated a revenue of USD 94.7 million in 2023 and is expected to reach USD 141.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, belts 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 94.7 million |
| Market revenue in 2030 | USD 141.1 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Belts |
| 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, Germany accounted for 4.2% 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 Europe, Germany nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 141.1 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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Germany 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.
Belts was the largest segment with a revenue share of 17.95% in 2023. Horizon Databook has segmented the Germany 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.
Properties such as abrasion resistance, wear resistance, fuel, gas resistance, and puncture resistance, have increased the adoption of nitrile butadiene rubber in various end-use industries in the oil & gas, automotive, construction, metallurgy & mining, medical, and other industries.
Germany is a manufacturing hub and the largest manufacturer of automobiles in Europe. Presence of automobile manufacturers such as Daimler AG, BMW Group, Porsche AG, Volkswagen AG, and Audi AG among others in the country are expected to fuel the demand for nitrile butadiene rubber.
Increasing investments in housing units, industrial buildings, and the development of roadway networks, bridges, and others are propelling the growth of the construction industry in the country. This is expected to create lucrative growth opportunities for the nitrile butadiene rubber market over 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 Germany nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Germany nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
Germany Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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