Russia Nitrile Butadiene Rubber Market Size & Outlook
Russia nitrile butadiene rubber market, 2018-2030 (US$M)
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Russia nitrile butadiene rubber market highlights
- The Russia nitrile butadiene rubber market generated a revenue of USD 50.3 million in 2023 and is expected to reach USD 68.4 million by 2030.
- The Russia market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, belts was the largest revenue generating product in 2023.
- Gloves is the most lucrative product segment registering the fastest growth during the forecast period.
Nitrile butadiene rubber market data book summary
| Market revenue in 2023 | USD 50.3 million |
| Market revenue in 2030 | USD 68.4 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Belts |
| 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 |
Other key industry trends
- In terms of revenue, Russia accounted for 2.2% of the global nitrile butadiene rubber market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 141.1 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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Russia 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.
Belts was the largest segment with a revenue share of 18.09% in 2023. Horizon Databook has segmented the Russia 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 robust presence of petroleum production base in Russia is expected to increase the demand for nitrile butadiene rubber. Russia is among the major oil-producing countries across the globe. According to the U.S. Energy Information Administration, the country accounted for approximately 11% share of the global oil production.
Thus, the growing oil & gas industry is anticipated to significantly drive the demand during the forecast period. In addition, rising demand from automotive, construction, metallurgy & mining, and other end-use industries are expected to propel the market growth in the coming years.
Moreover, with the rising COVID-19 cases in the country, medical gloves have become essential in the medical sector, which is further likely to fuel the market growth.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Russia nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into Russia nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
Russia Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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