U.S. Nitrile Butadiene Rubber Market Size & Outlook
U.S. nitrile butadiene rubber market, 2018-2030 (US$M)
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U.S. nitrile butadiene rubber market highlights
- The U.S. nitrile butadiene rubber market generated a revenue of USD 299.4 million in 2023 and is expected to reach USD 420.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 299.4 million |
| Market revenue in 2030 | USD 420.5 million |
| Growth rate | 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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 13.3% 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 North America, U.S. nitrile butadiene rubber market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 420.5 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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U.S. 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 20.74% in 2023. Horizon Databook has segmented the U.S. 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 U.S. dominated the regional market in 2020 and is anticipated to maintain its dominance over the forecast period. Growing demand for products, such as hoses, cable, belt, and seals from various industries such as oil & gas, construction, automotive, medical, and metallurgy & mining, is anticipated to create lucrative opportunities for the nitrile butadiene rubber market in the U.S.
Expansion of the oil & gas industry in the U.S. is anticipated to potentially drive the nitrile butadiene rubber market. The U.S. is the world’s largest oil & gas producer on account of the presence of abundant shale oil & gas reserves.
According to the U.S. Energy Information Administration, the country accounted for approximately 19% of the total oil produced across the globe in 2020.
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Target buyers of U.S. nitrile butadiene rubber market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. nitrile butadiene rubber market , including forecasts for subscribers. This country databook contains high-level insights into U.S. nitrile butadiene rubber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. nitrile butadiene rubber market size, by product, 2018-2030 (US$M)
U.S. Nitrile Butadiene Rubber Market Outlook Share, 2023 & 2030 (US$M)
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