Market Size of Nitrile Butadiene Rubber (NBR) Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.51 Billion |
| Market Size (2029) | USD 3.41 Billion |
| CAGR (2024 - 2029) | 6.31 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nitrile Butadiene Rubber (NBR) Market Analysis
The Nitrile Butadiene Rubber Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 3.41 billion by 2029, growing at a CAGR of 6.31% during the forecast period (2024-2029).
COVID-19 hampered the nitrile butadiene rubber market. The pandemic disrupted the global supply chains, impacting the availability of raw materials, logistics, and manufacturing operations for NBR producers. However, the continued focus on hygiene and safety post-pandemic led to sustained demand for NBR gloves and other medical-related applications.
- The increasing demand for nitrile butadiene rubber from the expanding automotive industry and from the industrial and infrastructure development projects are factors that are expected to drive the nitrile butadiene rubber market.
- However, the availability of substitute materials and fluctuating raw material prices are expected to hinder the growth of nitrile butadiene rubber market.
- The increasing demand for nitrile butadiene rubber from renewable energy sector and healthcare and medical devices are expected to provide various opportunities to the market players in the upcoming peroiod.
- The Asia-Pacific region dominates the nitrile butadiene rubber market globally, with the largest consumption from countries such as China, India, and ASEAN Countries.
