The Nitrile Butadiene Rubber (NBR) market is influenced by several key dynamics. Firstly, the increasing demand for NBR in automotive and transportation sectors, driven by its excellent oil and fuel resistance properties, contributes to market growth. Additionally, the rising awareness regarding worker safety and the need for protective gloves and clothing in various industries further propels the demand for NBR. Furthermore, the growing applications of NBR in industrial seals, gaskets, and hoses due to its excellent chemical resistance and durability fuel market expansion. However, fluctuations in raw material prices, particularly butadiene and acrylonitrile, can pose challenges to the NBR market. Moreover, environmental concerns and stringent regulations related to the usage and disposal of rubber products may impact market dynamics, driving the need for sustainable alternatives and recyclable materials in the future.
The global Nitrile Butadiene Rubber (NBR) market size was valued at USD 2.1 Bn in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.
Major Players in the Nitrile Butadiene Rubber Industry:
1. Apcotex Industries Limited
Apcotex Industries Limited is an Indian company that specializes in the production and distribution of synthetic latex and rubber chemicals. It was founded in 1980 and is headquartered in Mumbai, India. Apcotex Industries Limited operates in multiple countries worldwide, including India, the United States, and various countries in Europe and Asia.
2. ARLANXEO
ARLANXEO is a global synthetic rubber company that was established in 2016 as a joint venture between Saudi Aramco and LANXESS. The company is headquartered in Maastricht, Netherlands. ARLANXEO operates in numerous countries worldwide, with manufacturing facilities and offices in Europe, Asia, and the Americas.
3. China Petroleum & Chemical Corporation (Sinopec)
China Petroleum & Chemical Corporation (Sinopec) is one of the largest integrated energy and chemical companies in China. It was founded in 2000 and is headquartered in Beijing, China. Sinopec operates in multiple countries worldwide and has a significant presence in the oil and gas, refining, and petrochemical industries.
4. Dynasol Group
Dynasol Group is a global synthetic rubber company that was established in 1999 through a merger between Repsol Química and KUO Group. The company is headquartered in Madrid, Spain. Dynasol Group operates in various countries worldwide, including Spain, Mexico, China, and the United States.
5. JSR Corporation
JSR Corporation is a Japanese company that specializes in the development and production of synthetic rubber, emulsions, and other materials. It was founded in 1957 and is headquartered in Tokyo, Japan. JSR Corporation operates in multiple countries worldwide, including Japan, the United States, China, and various countries in Europe.
6. KUMHO PETROCHEMICAL
KUMHO PETROCHEMICAL is a South Korean company that is primarily engaged in the production of synthetic rubber, specialty chemicals, and high-performance materials. It was founded in 1970 and is headquartered in Seoul, South Korea. KUMHO PETROCHEMICAL operates in multiple countries worldwide, including South Korea, China, the United States, and various countries in Europe.
7. Lanxess
Lanxess is a global specialty chemicals company that was founded in 2004 as a spin-off from Bayer AG. The company is headquartered in Cologne, Germany. Lanxess operates in multiple countries worldwide, including Germany, the United States, China, and various countries in Europe and Asia. While Lanxess is involved in the production of rubber-related products
Definition- Nitrile Butadiene Rubber (NBR) is a synthetic rubber copolymer composed of butadiene and acrylonitrile. It possesses excellent oil, fuel, and chemical resistance, making it widely used in various industries, including automotive, oil and gas, and industrial applications.
