1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Nitrile Butadiene Rubber (NBR) Market | Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Nitrile Butadiene Rubber (NBR) Market | Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • April 2022
  • 181 pages
  • ID: 6271892
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Nitrile Butadiene Rubber (NBR) Market is valued at over 1,000 kilotons in 2021 and is projected to register a CAGR of over 5% during the forecast period (2022-2027).

Due to the COVID-19 outbreak, nationwide lockdown around the globe, disruption in manufacturing activities and supply chains, production halts have negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market studied during the forecast period.

Key Highlights
Over the short term, the major factors driving the market studied are the growing usage in transportation and increasing industrial activities.
On the flipside, availability of substitutes is expected to hinder the growth of the market studied.
Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China, India, and ASEAN Countries.

Key Market Trends

Increasing Demand from the Automotive and Transportation Sector

Automotive and transportation form one of the major end-user industry of nitrile butadiene rubber. NBR is used in the automotive and aeronautical industry to make fuel and oil handling hoses, seals, grommets, and self-sealing fuel tanks since ordinary rubbers cannot be used.
NBR’s ability to withstand a varied range of temperatures from -40 to 108 °C (-40 to 226 °F) makes it an ideal material for aeronautical applications. The uses of nitrile rubber include automotive transmission belts.
The tires made from NBR are widely used in military vehicles and heavy-duty vehicles. It is also used in coated tire cord fabrics providing fundamental properties such as controlled deformation, high strength, high affinity, and abrasion resistance.
The global automotive industry suffered massively both in terms of sales and production during the COVID-19 pandemic. As per the data published by OICA, the global automotive production in 2020 stood at 7,77,11,725, approximately a 15.5% decline when compared with the previous year’s stats.
The 2021 global production stood at 8,01,45,988 units, a 3% increase from 2020 stats, but still 13% below pre covid levels (2019).
Africa, Asia-Oceania, and Americas have been the major contributors of this resurgence in 2021, with 16%, 6%, and 3% growth respectively in comparison to 2020 stats. Europe region is still suffering from production in 2021, being 4% below 2020 stats.
The automotive sector is expected to regain stability in the coming years. The EV (electric vehicle) sector has been witnessing significant investments in recent times. However, this growth is a restraint for the market studied since it mostly eliminates the usage of NBR in them.
All the aforementioned factors are expected to affect the demand for nitrile butadiene rubber (NBR) over the forecast period.

Asia-Pacific Region to Dominate the Market

Asia-Pacific region dominated the global market share of nitrile butadiene rubber (NBR). With the growing construction activities and rapid urbanization in countries such as China and India, the usage of NBR is increasing in the region.
China has the largest construction market in the world, encompassing 20% of all construction investments globally. China is expected to spend nearly USD 13 trillion on buildings by 2030. Additionally, the demographics in the country are expected to spur the growth of residential construction continually.
According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion, which are estimated to be completed by 2023. The growing demand for housing is expected to drive residential construction in the public and private sectors.
Furthermore, India is also witnessing huge investments in the infrastructure projects which is likely to provide huge demand for market studied.
According to IBEF, in Union Budget 2021, the government allocated INR 233,083 crore (USD 32.02 billion) to enhance the transport infrastructure. The government expanded the ‘National Infrastructure Pipeline (NIP)’ to 7,400 projects. Around 217 projects worth INR 1.10 lakh crore (USD 15.09 billion) were completed in 2020.
China is the largest automotive hub in the world. According to OICA, the overall automotive production in the country in 2021 stood 2,60,82,220, a 3% increase from 2020.
In Indian, according to the OICA, 2021, total automotive production was about 4.4 million vehicles, including passenger, commercial, three-wheeler, two-wheeler, and quadricycles, which increased by about 30% compared to 3.38 million vehicles produced in the year 2020.
Furthermore, the healthcare industry in the country is projected to reach USD 372 billion by 2022 as per Invest India, and with various operations and surgeries taking place in the country, the demand for the product may increase in different medical appliances and kits such as gloves, etc.
All such factors, coupled with the increasing consumption from other emerging economies of Asia-Pacific, are driving the growth of the market in the region.

Competitive Landscape

The nitrile butadiene rubber market is partially fragmented. Some of the major players (not in any particular order) include KUMHO PETROCHEMICAL, Synthomer Plc, LG Chem, JSR Corporation, and Dynasol Group among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on