Latin America Nitrile Butadiene Rubber Market Size & Outlook
Latin America nitrile butadiene rubber market, 2018-2030 (US$M)
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Latin America nitrile butadiene rubber market highlights
- The Latin America nitrile butadiene rubber market generated a revenue of USD 82.9 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 82.9 million |
| Market revenue in 2030 | USD 123.9 million |
| Growth rate | 5.9% (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, Latin America region accounted for 3.7% 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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Latin America 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 18.94% in 2023. Horizon Databook has segmented the Latin America 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.
The Central & South America nitrile butadiene rubber market is projected to expand at a CAGR of 4.6%, in terms of revenue, over the forecast period. Increasing demand for nitrile butadiene rubber from the automotive, oil & gas, metallurgy & mining, construction, and medical industries, among others, is fueling market growth in the region.
Rising focus of governments on infrastructure development is expected to augment the demand for nitrile butadiene rubber in construction industry over the forecast period. In addition, the presence of oil & gas producing countries such as Brazil, Colombia, Venezuela, and Argentina are generating demand for nitrile butadiene rubber in the region.
However, rising cases of COVID-19 in Brazil, Argentina, Chile, Peru, and Colombia are impacting the demand for nitrile butadiene rubber in various end-use industries such as automotive, construction, and industrial machinery owing to the slowdown in construction activities and stalled industrial output.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America nitrile butadiene rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America nitrile butadiene rubber market size, by country, 2018-2030 (US$M)
Latin America Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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