Gulf Cooperation Council Nitrile Butadiene Rubber Market Size & Outlook

The nitrile butadiene rubber market in Gulf Cooperation Council is expected to reach a projected revenue of US$ 40.3 million by 2030. A compound annual growth rate of 6.8% is expected of Gulf Cooperation Council nitrile butadiene rubber market from 2024 to 2030.

Revenue, 2023 (US$M)
$25.4
Forecast, 2030 (US$M)
$40.3
CAGR, 2024 - 2030
6.8%
Report Coverage
Gulf Cooperation Council

Gulf Cooperation Council nitrile butadiene rubber market highlights

  • The Gulf Cooperation Council nitrile butadiene rubber market generated a revenue of USD 25.4 million in 2023 and is expected to reach USD 40.3 million by 2030.
  • The Gulf Cooperation Council market is expected to grow at a CAGR of 6.8% 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 2023USD 25.4 million
Market revenue in 2030USD 40.3 million
Growth rate6.8% (CAGR from 2023 to 2030)
Largest segmentSeals & o-rings
Fastest growing segmentGloves
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products
Key market players worldwideARLANXEO, 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, Gulf Cooperation Council accounted for 1.1% 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 Middle East & Africa, Gulf Cooperation Council nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
  • Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 40.3 million by 2030.

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Nitrile Butadiene Rubber Market Companies

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Gulf Cooperation Council 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 20.87% in 2023. Horizon Databook has segmented the Gulf Cooperation Council 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.


GCC countries including Saudi Arabia, United Arab Emirates (UAE), Oman, Qatar, Bahrain, and Kuwait dominated the Middle East & Africa nitrile butadiene rubber market in 2020. The large market share is attributed to the rising demand from automotive industry segment as well as from other end-use industries segments such as oil & gas, construction, and medical in GCC countries. 


Industrial manufacturing in GCC countries has witnessed steady growth in the past few years. A shift in focus toward non-oil private sector in GCC countries, such as Saudi Arabia, is expected to boost the growth of manufacturing sector, thereby creating demand for nitrile butadiene rubber in construction, automotive, footwear, and other end-use industries. 

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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Gulf Cooperation Council nitrile butadiene rubber market size, by product, 2018-2030 (US$M)

Gulf Cooperation Council Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)

Gulf Cooperation Council nitrile butadiene rubber market size, by product, 2018-2030 (US$M)

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