North America Nitrile Butadiene Rubber Market Size & Outlook
North America nitrile butadiene rubber market, 2018-2030 (US$M)
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North America nitrile butadiene rubber market highlights
- The North America nitrile butadiene rubber market generated a revenue of USD 393.8 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 393.8 million |
| Market revenue in 2030 | USD 545.3 million |
| Growth rate | 4.8% (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, North America region accounted for 17.6% 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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North 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 20.77% in 2023. Horizon Databook has segmented the North 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 industrial & medical gloves segment is likely to progress at a fast-paced CAGR on account of a well-established medical industry in the region and stringent regulations regarding the health & safety of workers in industries.
Nitrile butadiene rubber market in automotive end-use segment is expected to witness significant growth over the forecast period owing to the increasing demand of nitrile butadiene rubber automotive components, such as seals, belts, and cables, among others.
Moreover, rising trend of electric vehicles is expected to boost the growth of automotive industry and is anticipated to create opportunities for the nitrile butadiene rubber market during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America nitrile butadiene rubber market , including forecasts for subscribers. This continent databook contains high-level insights into North America nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America nitrile butadiene rubber market size, by country, 2018-2030 (US$M)
North America Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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