Nitrile Butadiene Rubber Market Size and Share by Product (Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products), End User (Automotives, Mechanical Engineering, Oil & Gas, Metallurgy & Mining, Construction, Medical) - Industry Growth and Demand Forecast to 2030

Market Overview

The global nitrile butadiene rubber market size stood at $2,170.8 million in 2021, and it will grow at a CAGR of 4.6% during 2021–2030, to reach $3,258.9 million by 2030. This is ascribed to the increasing demand for this material from the automotive, medical, and oil & gas industries, which require oil resistance and high heat stability in components.

Globally, Asia-Pacific is the largest shareholder in the market. The major factor driving the market is the resistance to oils and acids and superior strength and flexibility of NBR over natural rubber. These traits make it preferable in the automobile and aerospace industries, which continue to grow in the region. A large number of major manufacturers of automobiles and auto components operate in China, India, and Japan, which is eventually driving the manufacturing of auto components from this rubber.

Moreover, it is the best option for applications that require excellent metal adhesion and abrasion resistance. With the use of sophisticated technologies, it can provide long-lasting effects and help the rubber survive harsh environmental conditions are used to create nitrile rubber sheets for the oil & gas industry.

Automotive Industry Garnered Largest Share

The automotive industry held the largest share in the market, of 38.8%, in 2021. Nitrile butadiene rubber has applications in automobile O-ring seals, injection-molded and lathe-cut seals, cables, and other components that need to handle extreme temperatures and corrosion. The O-rings help in sealing the joints between two parts and prevents leakage within the vehicle. With the rise in the adoption of electric vehicles, along with the technological advancements, the automotive sector is experiencing growth, which will ultimately propel the market.

In this regard, a significant increase in the demand for NBR is projected as a result of the increasing environmental concerns, as well as the government support, in the form of subsidies and federal and state tax credits, to encourage the manufacturing and usage of electric vehicles.

Mechanical engineering is the second-largest category, owing to the usage of this rubber in the machinery used in the production of automobiles and the pumps, connectors, and valves used in the construction sector also.

Additionally, compression machines and hydraulic equipment use gaskets made with NBR extensively to stop gas and liquid leaks. The demand for machinery to reduce labor effort and boost efficiency has increased due to the technological advancements across all industries, which will drive the demand for this rubber in the mechanical engineering sector throughout the forecast period.

Oil & gas is the third-largest market, with a share of 20.8% in 2021. Prized for its strong resistance to motor oil and gasoline, nitrile rubber sheeting can be used in a variety of applications. For the oil & gas industry, it is used for manufacturing seals, molded shapes, connectors, and rotating heads. With it, accidents in the industry can be drastically reduced, and the safety and security of employees in hazardous situations can be maintained, by preventing fire incidents. It is also used in adhesives and shaft seals in order to provide superior abrasion resistance.

Hoses Expected To Witness Highest CAGR

Hoses will witness the highest CAGR, of 5.0%, over the forecast period. Manufacturers can create unique products since nitrile buna-N rubber's properties can be altered by changing the amount of acrylonitrile. It can be made more elastic, more heat resistant, more abrasion resistant, and tougher to break.

For instance, some rubbers that cure quickly maintain the polymer's oil resistance, while allowing for the maximization of molding uses, such as reducing mold fouling. The resulting materials can be used for molded rubber parts, including seals, hoses, and membranes, as well as in applications involving food and drinkable water.

Sealed & O-rings will be the second-fastest-growing category over this decade. The growing application of sealed & O-rings in automobile components, such as engines, doors, braking systems, power steering systems, and batteries, on account of the booming automotive sector, is propelling the nitrile butadiene rubber market revenue.

Molded & extruded products are the third-fastest-growing category, majorly due to NBR’s high chemical and temperature resistance. This is why this material is used to make molded rubber gaskets for high-pressure systems. The market is expected to benefit from the widespread usage of NBR in extruded and molded products across a variety of sectors, including automotive, construction, machinery, and oil & gas.

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APAC Expected To Witness Highest CAGR

Asia-Pacific is expected to witness the highest CAGR, of 4.8%, in the market due to the rising pace of urbanization and industrialization in the region.

The market in the Asia-Pacific region is advancing due to the increasing hospital admissions, preference for individualized medicine, prevalence of chronic illnesses, and developments in medical technology. Most significantly, the COVID-19 pandemic epidemic has increased the demand for NBR latex across the region. Natural rubber latex is being replaced by NBR latex, particularly in the glove market, because it performs better even in challenging circumstances.

China was the largest shareholder in the regional market in 2021 due to the rising demand for this material from the automotive. The country is also a significant manufacturer of both industrial and consumer goods worldwide. It is the world's fastest-growing consumer of goods and services, outperforming other economies by a wide margin. The Chinese economy continues to expand at a high rate, fueled by the long-term improvements in industrial output, imports and exports, consumer spending, and capital investment.

In the automotive, nitrile butadiene rubber is widely utilized to make fuel and oil hoses, seals, grommets, and binders for frictional materials. Since nitrile butadiene can tolerate temperatures as high as 224.6 degrees Fahrenheit and as low as 104 degrees Fahrenheit, it is used in both these industries. Additionally, there is a huge demand for fuel-efficient and lightweight automobiles, which is driving NBR consumption.

India was the second-largest market in the region in 2021 due to the growing demand for this material from the automobile and oil & gas industries. Moreover, the low switching cost is expected to give purchasers more negotiating power. India is among the top automobile producers in the world, so with the rising focus on the construction of manufacturing facilities and growing electric vehicle market, with a large number of players investing in the space, the market for NBR is booming as well.

Key Players in Nitrile Butadiene Rubber Market Are:

• Zeon Chemicals L.P.
• SIBUR International
• LG Chem
• JSR Corporation
• Precision Associates Inc.
• NANTEX Industry Co. Ltd.
• Dynasol Group

Nitrile Butadiene Rubber Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

Based on Product

• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products

Based on End User

•  Automotives
• Mechanical Engineering
• Oil & Gas
• Metallurgy & Mining
• Construction
• Medical

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia