Global Nitrile Rubber Market Outlook to 2027
Nitrile Rubber (NBR) is a synthetic rubber derived from acrylonitrile and butadiene. According to BlueQuark Research & Consulting, the global Nitrile Rubber market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Nitrile Rubber in manufacturing O-rings and seals used extensively in the manufacturing, oil & gas, and automotive industries drive the NBR market. With Covid-19 having a hazardous effect on human health and life, the demand for nitrile gloves for its prevention and treatment has seen a surge throughout 2020, thus driving the demand for Nitrile Rubber in the future. However, the fluctuations in the raw material prices and the availability of alternate materials such as thermoplastic elastomers, fluoroelastomers, and natural rubber with better ozonation resistance and excellent resistance to oil, greases, and chlorinated hydrocarbons are expected to hamper the NBR growth in the forecasted years.
Nitrile Rubber is used to manufacture hoses, diaphragms & seals, timing belts, O-rings and gaskets, NBR latex, and construction materials. It serves various end-users like medical, oil & gas, manufacturing, and automobile industry.
The O-rings and seals are the most significant consumption of NBR spread over various industries like the automotive, oil & gas, and manufacturing industry. The NBR is used in sidewalls of tires due to its good abrasion, oil resistance, chemical resistance, and low rolling resistance, ensuring high performance, making the automotive industry the largest consumer of O-rings and seals. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the automotive industry. With the increasing use of NBR in the medical sector due to its cost-effectiveness and the surge in the nitrile gloves demand, the nitrile rubber sector is expected to grow. Thus, the rising demand of the automotive and medical industry is all set to propel the future Nitrile Rubber market.
Key players in the nitrile butadiene rubber market were Sinopec , Zeon Corporation , ARLANXEO Holding B.V , Kumho Petrochemicals , LG Chem , JSR Corporation , TSRC Corporation , and Lanxess AG ., among others.
The Asia Pacific is expected to be the largest market for Nitrile Rubber in the forecasted year. Owing to the increasing population in the region, the demand for automotive vehicles is increasing in demand. With the rapid industrialization in the region, the demand for heavy-duty vehicles for commercial purposes is also increasing. Since China's growth rate had been impressive in the last decades, the following decade is also expected to witness the same rise, making China a leader in Nitrile Rubber demand. Further, China has the most prominent automotive industry and is expected to consolidate its position as a prime Nitrile butadiene rubber market. Malaysia, situated in the APAC region, is the leader in manufacturing nitrile gloves globally. With the high demand in 2020 due to Covid-19, the region is expected to thrive in the nitrile rubber market. This increase in demand is expected to maintain a rapid rise with the aging population and various health diseases in the region.
Kumho Petrochemicals has fully acquired Kumho Polychem in April 2021 to establish its leadership in the synthetic rubber industry.
ARLANXEO, a leader in nitrile rubber production, has commenced operations in India from 1st January 2021, hoping to enhance further ARLANXEO 's presence in one of the most promising growth regions.
Global Nitrile Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Nitrile Rubber market by segmenting based on the Application (Adhesives, Seals and O-rings, Gloves, Others), End-User Industry (Automotive, Medical, Manufacturing, Oil & Gas, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Nitrile Rubber is used to manufacture hoses, diaphragms & seals, timing belts, O-rings and gaskets, NBR latex, and construction materials. It serves various end-users like medical, oil & gas, manufacturing, and automobile industry.
The O-rings and seals are the most significant consumption of NBR spread over various industries like the automotive, oil & gas, and manufacturing industry. The NBR is used in sidewalls of tires due to its good abrasion, oil resistance, chemical resistance, and low rolling resistance, ensuring high performance, making the automotive industry the largest consumer of O-rings and seals. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the automotive industry. With the increasing use of NBR in the medical sector due to its cost-effectiveness and the surge in the nitrile gloves demand, the nitrile rubber sector is expected to grow. Thus, the rising demand of the automotive and medical industry is all set to propel the future Nitrile Rubber market.
Key players in the nitrile butadiene rubber market were Sinopec , Zeon Corporation , ARLANXEO Holding B.V , Kumho Petrochemicals , LG Chem , JSR Corporation , TSRC Corporation , and Lanxess AG ., among others.
The Asia Pacific is expected to be the largest market for Nitrile Rubber in the forecasted year. Owing to the increasing population in the region, the demand for automotive vehicles is increasing in demand. With the rapid industrialization in the region, the demand for heavy-duty vehicles for commercial purposes is also increasing. Since China's growth rate had been impressive in the last decades, the following decade is also expected to witness the same rise, making China a leader in Nitrile Rubber demand. Further, China has the most prominent automotive industry and is expected to consolidate its position as a prime Nitrile butadiene rubber market. Malaysia, situated in the APAC region, is the leader in manufacturing nitrile gloves globally. With the high demand in 2020 due to Covid-19, the region is expected to thrive in the nitrile rubber market. This increase in demand is expected to maintain a rapid rise with the aging population and various health diseases in the region.
Kumho Petrochemicals has fully acquired Kumho Polychem in April 2021 to establish its leadership in the synthetic rubber industry.
ARLANXEO, a leader in nitrile rubber production, has commenced operations in India from 1st January 2021, hoping to enhance further ARLANXEO 's presence in one of the most promising growth regions.
Global Nitrile Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Nitrile Rubber market by segmenting based on the Application (Adhesives, Seals and O-rings, Gloves, Others), End-User Industry (Automotive, Medical, Manufacturing, Oil & Gas, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Application
5.1.1 Adhesives
5.1.2 Seals and
O-rings
5.1.3 Gloves
5.1.4 Others
5.2 By End-User Industry
5.2.1 Automotive
5.2.2 Medical
5.2.3 Manufacturing
5.2.4 Oil and Gas
5.2.5
Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 ARLANXEO Holding B.V.
7.2 Sinopec
7.3 Zeon Corporation
7.4 Kumho Petrochemicals
7.5 LG Chem
7.6 JSR Corporation
7.7 TSRC Corporation
7.8 Lanxess AG
7.9 Sibur Holding
7.10 OMNOVA Solutions
7.11 Versalis S.p.A
7.12 Synthos S.A.
7.13 Lubrizol
7.14 PetroChina Company Ltd
7.15 Dow Chemicals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Application
5.1.1 Adhesives
5.1.2 Seals and
O-rings
5.1.3 Gloves
5.1.4 Others
5.2 By End-User Industry
5.2.1 Automotive
5.2.2 Medical
5.2.3 Manufacturing
5.2.4 Oil and Gas
5.2.5
Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 ARLANXEO Holding B.V.
7.2 Sinopec
7.3 Zeon Corporation
7.4 Kumho Petrochemicals
7.5 LG Chem
7.6 JSR Corporation
7.7 TSRC Corporation
7.8 Lanxess AG
7.9 Sibur Holding
7.10 OMNOVA Solutions
7.11 Versalis S.p.A
7.12 Synthos S.A.
7.13 Lubrizol
7.14 PetroChina Company Ltd
7.15 Dow Chemicals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
North America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United States Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Canada Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Mexico Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Europe Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United Kingdom Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Other Supporting Charts
Germany Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Italy Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
France Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Europe Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Brazil Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Argentina Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of South America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Asia-Pacific Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
China Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
India Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Japan Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Korea Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
ASEAN Countries Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Asia-Pacific Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Midde East & Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Saudi Arabia Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Middle-East & Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Global Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
North America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United States Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Canada Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Mexico Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Europe Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United Kingdom Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Other Supporting Charts
Germany Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Italy Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
France Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Europe Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Brazil Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Argentina Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of South America Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Asia-Pacific Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
China Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
India Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Japan Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Korea Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
ASEAN Countries Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Asia-Pacific Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Midde East & Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Saudi Arabia Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Middle-East & Africa Nitrile Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
