UK Nitrile Butadiene Rubber Market Size & Outlook
UK nitrile butadiene rubber market, 2018-2030 (US$M)
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UK nitrile butadiene rubber market highlights
- The UK nitrile butadiene rubber market generated a revenue of USD 63.7 million in 2023 and is expected to reach USD 93.0 million by 2030.
- The UK market is expected to grow at a CAGR of 5.6% 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 63.7 million |
| Market revenue in 2030 | USD 93.0 million |
| Growth rate | 5.6% (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, UK accounted for 2.8% 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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UK 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 18.05% in 2023. Horizon Databook has segmented the UK 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 UK nitrile butadiene rubber market is expected to grow substantially over the forecast period owing to the huge demand, mainly from the automotive industry, which plays a vital role in the UK’s economy. The UK automotive manufacturing industry is characterized by the presence of several manufacturers such as Nissan Motor Corporation, Vauxhall Motors Limited, and The Ford Motor Company, among others.
Thus, the presence of several automobile manufacturers is expected to create demand for nitrile butadiene rubber during the forecast period. Initiatives toward new product development, including driverless cars, are expected to increase investments in the automotive industry in the country.
In addition, a strong economy and increasing government spending on infrastructural development are anticipated to fuel the growth of the construction industry, which, in turn, is expected to create demand for polyolefin foam in the UK over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into UK nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
UK Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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