Middle East & Africa Nitrile Butadiene Rubber Market Size & Outlook
Middle East & Africa nitrile butadiene rubber market, 2018-2030 (US$M)
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MEA nitrile butadiene rubber market highlights
- The MEA nitrile butadiene rubber market generated a revenue of USD 46.6 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Gulf Cooperation Council is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 46.6 million |
| Market revenue in 2030 | USD 72.7 million |
| Growth rate | 6.6% (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, MEA region accounted for 2.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Nitrile Butadiene Rubber Market Scope
Nitrile Butadiene Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 19.96% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa nitrile butadiene rubber market is anticipated to witness steady growth over the forecast period. The presence of major oil-producing countries, such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran, in the region is expected to create lucrative demand for nitrile butadiene rubber over the forecast period.
In addition, rising focus on non-oil sector is expected to create lucrative opportunities for nitrile butadiene rubber market in industrial machinery and construction end-use.
However, the increasing COVID-19 positive cases in countries, such as Saudi Arabia, Iran, South Africa, the UAE, and others, are expected to negatively impact the demand for nitrile butadiene rubber owing to the stalled industrial output.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa nitrile butadiene rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA nitrile butadiene rubber market size, by country, 2018-2030 (US$M)
Middle East & Africa Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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