Market revenue in 2023 | USD 25.4 million |
Market revenue in 2030 | USD 40.3 million |
Growth rate | 6.8% (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 |
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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.
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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