Specialty Nitrile Butadiene Rubber Market To Reach $1.0 Billion By 2030

Specialty Nitrile Butadiene Rubber Market Growth & Trends

The global specialty nitrile butadiene rubber market size is estimated to reach USD 1.0 billion by 2030, expanding at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Carboxylated NBR is expected to have a high market penetration on account of providing excellent resistance to oils and non-polar solvents. The demand for carboxylated NBR is likely to be driven by its ability to successfully replace polyurethane in the printing rubber roller application and to blend with various substances for durability, release, and temperature. Rising application of printing rubber rollers in abrasive products, glass industries, and conveying equipment is projected to drive the market growth.

Extensive usage of fillers in polymer processing for enhancing the mechanical properties as a result of rising awareness among buyers in automotive and construction sectors is projected to increase the demand for NBR. Gains in extrusion and calendaring segments in emerging economies including China and India on account of growing automotive and construction sectors are expected to fuel the product demand. Furthermore, application growth of gloves and masking tapes as a result of implementation of safety standards in the global manufacturing sector is expected to play a vital role in boosting the product usage in near future.

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Specialty Nitrile Butadiene Rubber Market Report Highlights

• Increasing demand for plastic components across several end-use applications, such as packaging, automotive, medical devices, and home appliances, will drive the market

• The bimodal segment is expected to grow at a CAGR of 4.4% over the forecast period.

• Carboxylated NBR was the dominant segment in 2023 and accounting for the largest share of the global specialty NBR market

• Extrusion & calendering application segment dominated the market in 2023 and accounted for a share of 4.9%

• Well-established automotive industry coupled with growing automotive aftermarket in U.S. is estimated to propel gear, friction bearing, and bushes applications. This is likely to fuel the product demand

• Zeon Corporation, JSR Corporation, and Lanxess AG are projected to remain the key market leaders over the projected period

• Product innovation and partnerships with buyers for the development of customized products are projected to remain critical success factors for the industry participants

Specialty Nitrile Butadiene Rubber Market Segmentation

Grand View Research has segmented the global specialty nitrile butadiene rubber market based on type, application, and region:

Specialty Nitrile Butadiene Rubber Type Material Outlook (Revenue, USD Million, Volume in Kilotons, 2018 - 2030)

• Based Carboxylated

• Bimodal

Specialty Nitrile Butadiene Rubber Application Outlook (Revenue, USD Million, Volume in Kilotons, 2018 - 2030)

• Printing Rubber Rollers

• Extrusion & Calendering

• Injection Molding

• Adhesive, Sealant & Mastic

• Others

Specialty Nitrile Butadiene Rubber Regional Outlook (Revenue, USD Million, Volume in Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in Specialty Nitrile Butadiene Rubber Market

• ZEON CORPORATION

• American Rubber Products

• JSR Corporation

• China Petrochemical Corporation

• LG Chem

• OMNOVA North America Inc.

• KUMHO POLYCHEM

• Lion Elastomers

• Griffith Rubber Mills

• ARLANXEO