Nitrile Butadiene Rubber Market Growth, Size, Trends, Revenue, Challenges and Future Outlook

Nitrile Butadiene Rubber Market Size- By Product, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Nitrile Butadiene Rubber Market Size- By Product, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Aug 2023 Report ID: CHEM2381 Pages: 1 - 247 Formats*:     
Category : Chemical & Materials
Nitrile Butadiene Rubber Market Introduction and Overview 

According to SPER Market Research, the Global Nitrile Butadiene Rubber Market is estimated to reach USD 3.21 billion by 2033 with a CAGR of 5.59%.

The report includes an in-depth analysis of the global Nitrile Butadiene Rubber market, including market size and trends, product mix, distribution channels, and supplier analysis. Nitrile butadiene rubber (NBR), also known as Buna-N or nitrile rubber, is made by copolymerizing butadiene and acrylonitrile. Butadiene and acrylonitrile copolymerize to form the synthetic rubber nitrile butadiene. Despite its poor flame and steam resistance, it has excellent compression set resistance, adequate resilience, and tensile strength.

  • Because of its ability to endure temperatures ranging from -40 to 108 °C (-40 to 226 °F), NBR is an excellent material for aeronautical applications. Nitrile rubber is used in a variety of applications, including automotive gearbox belts.
  • Automotive and transportation are key nitrile butadiene rubber end-user industries. Because regular rubbers cannot be used, NBR is employed in the automotive and aerospace industries to create fuel and oil handling hoses, seals, grommets, and self-sealing fuel tanks.
Nitrile Butadiene Rubber Market
Market Opportunities and Challenges
The global nitrile butadiene rubber (NBR) market is poised for growth driven by several factors. Increasing demand from the automotive industry, where NBR is used in various applications, along with the growth of industrial activities, particularly in machinery and equipment, are key drivers. The rising emphasis on worker safety and the implementation of stringent regulations in multiple industries are also propelling the demand for NBR-based safety products. Furthermore, the expansion of the oil and gas industry, which extensively utilizes NBR for its resistance to hydrocarbon-based fluids, is expected to contribute to market growth. These factors collectively indicate positive prospects for the global NBR market.

However, the global nitrile butadiene rubber (NBR) market faces challenges including fluctuating raw material prices, competition from substitutes like EPDM and SBR, environmental concerns regarding sustainability, and economic uncertainty. Unpredictable raw material costs impact production costs and profitability, while substitutes and environmental concerns drive demand for alternative materials. Additionally, economic fluctuations and geopolitical tensions affect industrial activities and consumer spending, impacting NBR demand. These challenges require strategic management and adaptation to ensure growth and performance in the NBR market.

Nitrile Butadiene Rubber Market


Market Competitive Landscape
The global Nitrile Butadiene Rubber is characterized by high competition, with multiple players operating in the industry. The key players in the global Nitrile Butadiene Rubber market include AirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company, JSR Corporation, KUMHO PETROCHEMICAL, LG Chem, NANTEX Industry Co., Ltd., NITRIFLEX, PetroChina Company Limited, Precision Associates Inc., SIBUR, Synthos S.A., Versalis S.p.A., and Zeon Chemicals L.P., Others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Product, By End Use
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
 Companies CoveredAirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company, JSR Corporation, KUMHO PETROCHEMICAL, LG Chem, NANTEX Industry Co., Ltd., NITRIFLEX, PetroChina Company Limited, Precision Associates Inc., SIBUR, Synthos S.A., Versalis S.p.A., and Zeon Chemicals L.P., Others.
COVID-19 Impact on Global Nitrile Butadiene Rubber Market
The global nitrile butadiene rubber (NBR) market has been significantly impacted by the COVID-19 pandemic. Disruptions in supply chains, including raw material availability and transportation, have affected NBR production. Fluctuating demand due to the economic slowdown has led to declines in automotive, construction, and manufacturing sectors while increasing demand for NBR-based safety gloves and medical products. Price volatility has also been observed, influenced by fluctuations in raw material prices and production disruptions. Managing these challenges and adapting to changing market dynamics will be crucial for the NBR industry's recovery and future growth.

Key Target Audience
  • End-Use Industries
  • Government Agencies and Policy Makers
  • Industrial Equipment Manufacturers
  • Manufacturers and Suppliers
  • Research and Development Institutions
  • Others
Our in-depth analysis of the Nitrile Butadiene Rubber Market includes the following segments:
By Product:
  • Adhesives & Sealants
  • Belts
  • Cables
  • Foamed Products
  • Gloves
  • Hoses
  • Moulded & Extruded Products
  • Rubber Compounds
  • Seals & O-rings
  • Others
  • By End Use:
  • Automotive
  • Construction
  • Mechanical Engineering
  • Medical
  • Metallurgy & Mining
  • Oil & Gas
  • Others
  • Key Topics Covered in the Report
    • Global Nitrile Butadiene Rubber Market Size (FY’2023-FY’2033)
    • Overview of Global Nitrile Butadiene Rubber Market
    • Segmentation of Global Nitrile Butadiene Rubber Market By Product (Adhesives & Sealants, Cables, Hoses, Foamed Products, Belts, Gloves, Moulded & Extruded Products, Rubber Compounds, Seals & O-rings, Others)
    • Segmentation of Global Nitrile Butadiene Rubber Market By End Use (Automotive, Construction, Mechanical Engineering, Medical, Metallurgy & Mining, Oil & Gas, Others)
    • Statistical Snap of Global Nitrile Butadiene Rubber Market
    • Expansion Analysis of Global Nitrile Butadiene Rubber Market
    • Problems and Obstacles in Global Nitrile Butadiene Rubber Market
    • Competitive Landscape in the Global Nitrile Butadiene Rubber Market
    • Impact of COVID-19 and Demonetization on Global Nitrile Butadiene Rubber Market
    • Details on Current Investment in Global Nitrile Butadiene Rubber Market
    • Competitive Analysis of Global Nitrile Butadiene Rubber Market
    • Prominent Market Players in the Global Nitrile Butadiene Rubber Market
    • SWOT Analysis of Global Nitrile Butadiene Rubber Market
    • Global Nitrile Butadiene Rubber Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Nitrile Butadiene Rubber Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Nitrile Butadiene Rubber Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Nitrile Butadiene Rubber Market

    7. Global Nitrile Butadiene Rubber Market, By Product (USD Million)
    7.1. Global Nitrile Butadiene Rubber Market Value Share and Forecast, By Product, 2023-2033
    7.2. Adhesives & Sealants
    7.3. Belts
    7.4. Cables
    7.5. Foamed Products
    7.6. Gloves
    7.7. Hoses
    7.8. Moulded & Extruded Products
    7.9. Rubber Compounds
    7.10. Seals & O-rings
    7.11. Others

    8. Global Nitrile Butadiene Rubber Market, By End Use (USD Million)
    8.1. Global Nitrile Butadiene Rubber Market Value Share and Forecast, By End Use, 2023-2033
    8.2. Automotive
    8.3. Construction
    8.4. Mechanical Engineering
    8.5. Medical
    8.6. Metallurgy & Mining
    8.7. Oil & Gas
    8.8. Others

    9. Global Nitrile Butadiene Rubber Market Forecast, 2019-2033 (USD Million)
    9.1. Global Nitrile Butadiene Rubber Market Size and Market Share

    10. Global Nitrile Butadiene Rubber Market, By Product, 2019-2033 (USD Million)
    10.1. Global Nitrile Butadiene Rubber Market Size and Market Share By Product (2019-2026)
    10.2. Global Nitrile Butadiene Rubber Market Size and Market Share By Product (2027-2033)

    11. Global Nitrile Butadiene Rubber Market, By End Use, 2019-2033 (USD Million)
    11.1. Global Nitrile Butadiene Rubber Market Size and Market Share By End Use (2019-2026)
    11.2. Global Nitrile Butadiene Rubber Market Size and Market Share By End Use (2027-2033)

    12. Global Nitrile Butadiene Rubber Market, By Region, 2019-2033 (USD Million)
    12.1. Global Nitrile Butadiene Rubber Market Size and Market Share By Region (2019-2026)
    12.2. Global Nitrile Butadiene Rubber Market Size and Market Share By Region (2027-2033)
    12.3. Asia-Pacific
    12.3.1. Australia
    12.3.2. China
    12.3.3. India
    12.3.4. Japan
    12.3.5. South Korea
    12.3.6. Rest of Asia-Pacific
    12.4. Europe
    12.4.1. France
    12.4.2. Germany
    12.4.3. Italy
    12.4.4. Spain
    12.4.5. United Kingdom
    12.4.6. Rest of Europe
    12.5. Middle East and Africa
    12.5.1. Kingdom of Saudi Arabia 
    12.5.2. United Arab Emirates
    12.5.3. Rest of Middle East & Africa
    12.6. North America
    12.6.1. Canada
    12.6.2. Mexico
    12.6.3. United States
    12.7. Latin America
    12.7.1. Argentina
    12.7.2. Brazil
    12.7.3. Rest of Latin America

    13. Company Profile
    13.1. AirBoss of America
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. Anqing Hualan Technology Co., Ltd.
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. Apcotex Industries Limited
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. Arlanxeo
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. Atlantic Gasket Corporation
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. Chang Rubber
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. Dynasol Group
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8. Hanna Rubber Company
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. JSR Corporation
    13.9.1. Company details
    13.9.2. Financial outlook
    13.9.3. Product summary 
    13.9.4. Recent developments
    13.10. KUMHO PETROCHEMICAL
    13.10.1. Company details
    13.10.2. Financial outlook
    13.10.3. Product summary 
    13.10.4. Recent developments
    13.11. LG Chem
    13.11.1. Company details
    13.11.2. Financial outlook
    13.11.3. Product summary 
    13.11.4. Recent developments
    13.12. NANTEX Industry Co., Ltd.
    13.12.1. Company details
    13.12.2. Financial outlook
    13.12.3. Product summary 
    13.12.4. Recent developments
    13.13. NITRIFLEX
    13.13.1. Company details
    13.13.2. Financial outlook
    13.13.3. Product summary 
    13.13.4. Recent developments
    13.14. PetroChina Company Limited
    13.14.1. Company details
    13.14.2. Financial outlook
    13.14.3. Product summary 
    13.14.4. Recent developments
    13.15. Precision Associates Inc.
    13.15.1. Company details
    13.15.2. Financial outlook
    13.15.3. Product summary 
    13.15.4. Recent developments
    13.16. SIBUR
    13.16.1. Company details
    13.16.2. Financial outlook
    13.16.3. Product summary 
    13.16.4. Recent developments
    13.17. Synthos S.A.
    13.17.1. Company details
    13.17.2. Financial outlook
    13.17.3. Product summary 
    13.17.4. Recent developments
    13.18. Versalis S.p.A.
    13.18.1. Company details
    13.18.2. Financial outlook
    13.18.3. Product summary 
    13.18.4. Recent developments
    13.19. Zeon Chemicals L.P.
    13.19.1. Company details
    13.19.2. Financial outlook
    13.19.3. Product summary 
    13.19.4. Recent developments
    13.20. Others

    14. List of Abbreviations

    15. Reference Links

    16. Conclusion

    17. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Nitrile Butadiene Rubber Market is projected to reach USD 3.21 billion by 2033, growing at a CAGR of 5.59% during the forecast period.
    Nitrile Butadiene Rubber Market grew in market size from 2022. The Market is expected to reach USD 3.21 billion by 2033, at a CAGR of 5.59% during the forecast period.
    Nitrile Butadiene Rubber Market CAGR of 5.59% during the forecast period.
    Nitrile Butadiene Rubber Market size is USD 3.21 billion from 2023 to 2033.
    Nitrile Butadiene Rubber Market Segment is covered By Product, By End Use.
    The North America is anticipated to have the highest market share in the Nitrile Butadiene Rubber Market.
    The key players in the market include Companies Covered AirBoss of America, Anqing Hualan Technology Co., Ltd., Apcotex Industries Limited, Arlanxeo, Atlantic Gasket Corporation, Chang Rubber, Dynasol Group, Hanna Rubber Company.
    Nitrile butadiene rubber (NBR), also known as Buna-N or nitrile rubber, is made by copolymerizing butadiene and acrylonitrile. Butadiene and acrylonitrile copolymerize to form the synthetic rubber nitrile butadiene.
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