Market revenue in 2023 | USD 39.8 million |
Market revenue in 2030 | USD 50.8 million |
Growth rate | 3.5% (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 20.85% in 2023. Horizon Databook has segmented the Mexico 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 Mexican nitrile butadiene rubber market is expected to benefit from the rising expenditure in the construction sector. In addition, the expanding automotive sector, on account of rising trend of electric vehicles is anticipated to fuel the growth of the automotive industry in the country.
Low tariffs along with low production costs, on account of the broad reach of Mexico's free trade agreements, have contributed substantially to attracting significant investments in the automobile industry.
In addition, the presence of key manufacturers such as General Motors, Chrysler, and Ford Motor Company in the country is expected to further propel the demand for nitrile butadiene rubber in the automotive industry over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Mexico nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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