Nitrile Butadiene Rubber Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022

Pages: 148

SKU: IRTNTR46490

Snapshot

The nitrile butadiene rubber market share is estimated to surge by USD 319.03 million from 2021 to 2026 at an accelerating CAGR of 4.5%.

This market research report extensively covers nitrile butadiene rubber market segmentations by the following:

Application - HB and C, seals and O-rings, industrial and medical gloves, and molded and extruded products
Geography - APAC, Europe, North America, South America, and Middle East and Africa.

This nitrile butadiene rubber market report further provides detailed data on several market vendors, including Abbott Rubber Co. Inc., AirBoss of America Corp., Apcotex Industries Ltd., Atlantic Gasket Corp., China National Petroleum Corp., Eni Spa, EW Polymer Group LLC, Grupo Dynasol, Hanna Rubber Co., JSR Corp., Kumho Petrochemical Co. Ltd., LANXESS AG, LG Chem Ltd., NANTEX INDUSTRY Co. Ltd., Nitriflex, Rahco Rubber Inc., SIBUR Holding PJSC, Synthos SA, TSRC Corp., and Zeon Corp. among others. One of the key highlights of this report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Nitrile Butadiene Rubber Market Size be During the Forecast Period?

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Nitrile Butadiene Rubber Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing consumption from automotive and aeronautical industries is notably driving the nitrile butadiene rubber market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nitrile butadiene rubber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nitrile Butadiene Rubber Market Driver

The increasing consumption from automotive and aeronautical industries is one of the key drivers supporting the nitrile butadiene rubber market growth. Nitrile butadiene rubber is extensively used in the automotive and aeronautical industries to produce fuel hoses, oil hoses, grommets, seals, and binders of frictional materials. Well, the capability of nitrile butadiene to withstand extreme temperatures from -104 degree Fahrenheit to 224.6 degree Fahrenheit makes it popular in both industries. Moreover, the global automotive market is growing with high demand for lightweight and fuel-efficient vehicles. Thus, the increasing vehicle demand and importance of nitrile butadiene rubber in various automotive applications are the major stimulants of the growth of the global nitrile butadiene rubber market.

Key Nitrile Butadiene Rubber Market Trend

The rising demand for bio-based feedstock is one of the key nitrile butadiene rubber market trends contributing to market growth. Bio-based butadiene is basically produced with the help of renewable raw material sources such as non-food biomass. In view of this, industrial biotechnology companies, such as Gevo, Genencor, Amyris, and Genomatica, are focusing on producing bio-based rubber ingredients made from sugar. For instance, Michelin partnered with technology firms such as Axens and Tereos to convert biomass to butadiene. Versalis produces bio-butadiene in bulk at its research centers at Novara and Mantova. It focuses on testing and producing downstream products that include SBR and acrylonitrile butadiene styrene. Thus, the intermittent focus of major players to achieve cost-effectiveness and sustainability through the development of bio-based feedstock will positively impact the nitrile butadiene rubber (NBR) market growth during the forecast period.

Key Nitrile Butadiene Rubber Market Challenge

Fluctuating raw material prices is one of the challenges impeding the nitrile butadiene rubber market growth. Primarily, the prices of petrochemicals are dependent on the price of natural gas and crude oil. Due to the supply-demand imbalance and the volatile political situation in the Middle East, which has the major share of the world oil supply, there has always been increased volatility in the price of crude oil in the overseas market. Thus, the manufacturers of synthetic rubber may not be able to plan and manufacture accordingly because of the fluctuating raw material prices. Furthermore, there was a drastic decline in the prices in the last few years, which was a relief to nitrile butadiene rubber manufacturers. However, the prices are expected to increase again in the coming years as Russia and Saudi Arabia, the largest suppliers of crude oil, are planning for a supply cut. Such fluctuating prices of raw materials is challenging the nitrile butadiene rubber market growth.

This nitrile butadiene rubber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global nitrile butadiene rubber market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nitrile butadiene rubber market during the forecast period.

Who are the Major Nitrile Butadiene Rubber Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the nitrile butadiene rubber market encompasses successful business strategies deployed by the key vendors. The nitrile butadiene rubber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Abbott Rubber Co. Inc. - Through the unified segment, the company offers industrial hose, rubber products, molded rubber products, rubber hose, and rubber sheeting.
Abbott Rubber Co. Inc. - The company offers nitrile butadiene rubber which is used in rugged airline service in mining, quarries, construction, sandblasting, industrial air placement and equipment rental.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nitrile butadiene rubber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nitrile Butadiene Rubber Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nitrile butadiene rubber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Nitrile Butadiene Rubber Market?

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59% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for nitrile butadiene rubber market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing automotive production in China, India, Japan, and various other countries will facilitate the nitrile butadiene rubber market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 declined the growth of the nitrile butadiene rubber market in the region. However, in the second half of 2021, most countries in this region implemented mass vaccination drives that helped to decrease the rising COVID-19 cases. This, in turn, resulted in the resumption of operations in various manufacturing units. Thus, these factors are anticipated to increase the demand in the regional nitrile butadiene rubber (NBR) market growth over the forecasted period.

What are the Revenue-generating Application Segments in the Nitrile Butadiene Rubber Market?

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The nitrile butadiene rubber market share growth by the HB and C segment will be significant during the forecast period. The hose, belting, and cable segment is the largest in the global nitrile butadiene rubber market. Nitrile butadiene rubber is widely used in different industries, such as automotive and aeronautical, to produce fuel-handling hoses and oil-handling hoses. It is used to make products that require high resistance to oil, fuel, temperature, and chemicals. Therefore, numerous industries are consuming nitrile butadiene rubber on a large scale to manufacture hoses, conveyor belts, and cables. Such increasing consumption of HB and C will drive the NBR market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the nitrile butadiene rubber market size and actionable market insights on post COVID-19 impact on each segment.

Nitrile Butadiene Rubber Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.5%
Market growth 2022-2026	$ 319.03 million
Market structure	Fragmented
YoY growth (%)	3.5
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 59%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Abbott Rubber Co. Inc., AirBoss of America Corp., Apcotex Industries Ltd., Atlantic Gasket Corp., China National Petroleum Corp., Eni Spa, EW Polymer Group LLC, Grupo Dynasol, Hanna Rubber Co., JSR Corp., Kumho Petrochemical Co. Ltd., LANXESS AG, LG Chem Ltd., NANTEX INDUSTRY Co. Ltd., Nitriflex, Rahco Rubber Inc., SIBUR Holding PJSC, Synthos SA, TSRC Corp., and Zeon Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Nitrile Butadiene Rubber Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive nitrile butadiene rubber market growth during the next five years
Precise estimation of the nitrile butadiene rubber market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the nitrile butadiene rubber industry across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of nitrile butadiene rubber market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 HB and C - Market size and forecast 2021-2026
- Exhibit 28: Chart on HB and C - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on HB and C - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on HB and C - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on HB and C - Year-over-year growth 2021-2026 (%)

5.4 Seals and O-rings - Market size and forecast 2021-2026
- Exhibit 32: Chart on Seals and O-rings - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Seals and O-rings - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Seals and O-rings - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Seals and O-rings - Year-over-year growth 2021-2026 (%)

5.5 Industrial and medical gloves - Market size and forecast 2021-2026
- Exhibit 36: Chart on Industrial and medical gloves - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Industrial and medical gloves - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Industrial and medical gloves - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Industrial and medical gloves - Year-over-year growth 2021-2026 (%)

5.6 Molded and extruded products - Market size and forecast 2021-2026
- Exhibit 40: Chart on Molded and extruded products - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Molded and extruded products - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Molded and extruded products - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Molded and extruded products - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026
- Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 Abbott Rubber Co. Inc.
- Exhibit 101: Abbott Rubber Co. Inc. - Overview
- Exhibit 102: Abbott Rubber Co. Inc. - Product / Service
- Exhibit 103: Abbott Rubber Co. Inc. - Key offerings

10.4 China National Petroleum Corp.
- Exhibit 104: China National Petroleum Corp. - Overview
- Exhibit 105: China National Petroleum Corp. - Product / Service
- Exhibit 106: China National Petroleum Corp. - Key offerings

10.5 Eni Spa
- Exhibit 107: Eni Spa - Overview
- Exhibit 108: Eni Spa - Business segments
- Exhibit 109: Eni Spa - Key offerings
- Exhibit 110: Eni Spa - Segment focus

10.6 JSR Corp.
- Exhibit 111: JSR Corp. - Overview
- Exhibit 112: JSR Corp. - Business segments
- Exhibit 113: JSR Corp. - Key offerings
- Exhibit 114: JSR Corp. - Segment focus

10.7 Kumho Petrochemical Co. Ltd.
- Exhibit 115: Kumho Petrochemical Co. Ltd. - Overview
- Exhibit 116: Kumho Petrochemical Co. Ltd. - Product / Service
- Exhibit 117: Kumho Petrochemical Co. Ltd. - Key offerings

10.8 LANXESS AG
- Exhibit 118: LANXESS AG - Overview
- Exhibit 119: LANXESS AG - Business segments
- Exhibit 120: LANXESS AG - Key offerings
- Exhibit 121: LANXESS AG - Segment focus

10.9 LG Chem Ltd.
- Exhibit 122: LG Chem Ltd. - Overview
- Exhibit 123: LG Chem Ltd. - Business segments
- Exhibit 124: LG Chem Ltd. - Key news
- Exhibit 125: LG Chem Ltd. - Key offerings
- Exhibit 126: LG Chem Ltd. - Segment focus

10.10 SIBUR Holding PJSC
- Exhibit 127: SIBUR Holding PJSC - Overview
- Exhibit 128: SIBUR Holding PJSC - Business segments
- Exhibit 129: SIBUR Holding PJSC - Key offerings
- Exhibit 130: SIBUR Holding PJSC - Segment focus

10.11 Synthos SA
- Exhibit 131: Synthos SA - Overview
- Exhibit 132: Synthos SA - Product / Service
- Exhibit 133: Synthos SA - Key offerings

10.12 Zeon Corp.
- Exhibit 134: Zeon Corp. - Overview
- Exhibit 135: Zeon Corp. - Business segments
- Exhibit 136: Zeon Corp. - Key offerings
- Exhibit 137: Zeon Corp. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 138: Inclusions checklist
- Exhibit 139: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 140: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 141: Research methodology
- Exhibit 142: Validation techniques employed for market sizing
- Exhibit 143: Information sources

11.5 List of abbreviations
- Exhibit 144: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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