South Africa Nitrile Butadiene Rubber Market Size & Outlook
South Africa nitrile butadiene rubber market, 2018-2030 (US$M)
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South Africa nitrile butadiene rubber market highlights
- The South Africa nitrile butadiene rubber market generated a revenue of USD 9.9 million in 2023 and is expected to reach USD 15.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.4% 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.
Nitrile butadiene rubber market data book summary
| Market revenue in 2023 | USD 9.9 million |
| Market revenue in 2030 | USD 15.2 million |
| Growth rate | 6.4% (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 |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.4% 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 Middle East & Africa, Gulf Cooperation Council nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 40.3 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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South 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 18.18% in 2023. Horizon Databook has segmented the South 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.
Growing automotive industry in the country is expected to fuel the demand for nitrile butadiene rubber. Properties such as abrasion resistance, oil resistance, tear resistance, applications in low and high temperatures are aiding the growth of nitrile butadiene rubber in automotive industry.
According to The Organisation Internationale des Constructeurs d'Automobiles (OICA), the country produced approximately 0.44 million units of vehicles in 2020. However, the outbreak of COVID-19 in the country has slowed down the manufacturing activities owing to the restriction on supply & transport and declining demand, which is expected to negatively impact the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
South Africa Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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