Nitrile Butadiene Rubber Trends and Forecast
The future of the global nitrile butadiene rubber market looks promising with opportunities in the automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, and medical markets. The global nitrile butadiene rubber market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increase in funding for infrastructure development and construction projects across a number of nations, growing residential building and an increasing need for rehabilitation of aging residential infrastructure, along with the increasing preference for electric vehicles.A more than 150-page report is developed to help in your business decisions.
Nitrile Butadiene Rubber by Segment
The study includes a forecast for the global nitrile butadiene rubber by product, end use, and region.Nitrile Butadiene Rubber Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Hoses
- Belts
- Cables
- Molded & Extruded Products
- Seals & O-Rings
- Rubber Compounds
- Adhesives & Sealants
- Gloves
- Foamed Products
- Others
Nitrile Butadiene Rubber Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Automotive
- Mechanical Engineering
- Oil & Gas
- Metallurgy & Mining
- Construction
- Medical
- Others
Nitrile Butadiene Rubber Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Nitrile Butadiene Rubber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nitrile butadiene rubber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nitrile butadiene rubber companies profiled in this report include:- ARLANXEO
- Zeon Chemicals
- NITRIFLEX
- SIBUR
- PetroChina Company
- Dynasol Group
- Synthos
- TSRC
- JSR
- LG Chem
Nitrile Butadiene Rubber Market Insights
The publisher forecasts that seals & o-rings will remain the largest segment over the forecast period due to increasing nitrile butadiene rubber end-use scope in the automotive industry.Within this market, automotive will remain the largest segment because it is widely utilized in the automobile industry for gasoline and oil transporting hose, seals, and grommets, as well as water handling applications.
APAC will remain the largest region over the forecast period due to rising demand from a variety of end-use sectors, including automotive, oil and gas, footwear, metallurgy and mining, construction, and medical.
Features of the Global Nitrile Butadiene Rubber Market
- Market Size Estimates: Nitrile butadiene rubber market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Nitrile butadiene rubber market size by product, end use, and region in terms of value ($B).
- Regional Analysis: Nitrile butadiene rubber market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product, end use, and regions for the nitrile butadiene rubber market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nitrile butadiene rubber market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the nitrile butadiene rubber market size?Answer: The global nitrile butadiene rubber market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for nitrile butadiene rubber market?
Answer: The global nitrile butadiene rubber market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the nitrile butadiene rubber market?
Answer: The major drivers for this market are increase in funding for infrastructure development and construction projects across a number of nations, growing residential building and an increasing need for rehabilitation of aging residential infrastructure, along with the increasing preference for electric vehicles.
Q4. What are the major segments for nitrile butadiene rubber market?
Answer: The future of the global nitrile butadiene rubber market looks promising with opportunities in the automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, and medical markets.
Q5. Who are the key nitrile butadiene rubber market companies?
Answer: Some of the key nitrile butadiene rubber companies are as follows:
- ARLANXEO
- Zeon Chemicals
- NITRIFLEX
- SIBUR
- PetroChina Company
- Dynasol Group
- Synthos
- TSRC
- JSR
- LG Chem
Answer: The publisher forecasts that seals & o-rings will remain the largest segment over the forecast period due to increasing nitrile butadiene rubber end-use scope in the automotive industry.
Q7. In nitrile butadiene rubber market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand from a variety of end-use sectors, including automotive, oil and gas, footwear, metallurgy and mining, construction, and medical.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nitrile butadiene rubber market by product (hoses, belts, cables, molded & extruded products, seals & o-rings, rubber compounds, adhesives & sealants, gloves, foamed products, and others), end use (automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Nitrile Butadiene Rubber Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARLANXEO
- Zeon Chemicals
- NITRIFLEX
- SIBUR
- PetroChina Company
- Dynasol Group
- Synthos
- TSRC
- JSR
- LG Chem
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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