Global Nitrile Butadiene Rubber (NBR) Market to Reach $3.6 Billion by 2030
The global market for Nitrile Butadiene Rubber (NBR) estimated at US$2.3 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Seals & O-Rings, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$779.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Belts segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $614.7 Million, While China is Forecast to Grow at 8.6% CAGR
The Nitrile Butadiene Rubber (NBR) market in the U.S. is estimated at US$614.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$832.3 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 17 Featured) -
- Apcotex Industries Limited
- JSR Corporation
- Kumho Petrochemical Co., Ltd. (KKPC)
- Lanxess AG
- LG Chem Ltd.
- Omnova Solutions, Inc.
- SIBUR Holding OJSC
- Sinopec Corp.
- Synthos SA
- Tsrc Corporation
- Versalis SpA
- ZEON Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apcotex Industries Limited
- JSR Corporation
- Kumho Petrochemical Co., Ltd. (KKPC)
- Lanxess AG
- LG Chem Ltd.
- Omnova Solutions, Inc.
- SIBUR Holding OJSC
- Sinopec Corp.
- Synthos SA
- Tsrc Corporation
- Versalis SpA
- ZEON Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | April 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.3 Billion |
| Forecasted Market Value ( USD | $ 3.6 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
