China Nitrile Butadiene Rubber Market Size, Share, and COVID-19 Impact Analysis, By Product (Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, and Foamed Products), By Application (Automotive, Mechanical Engineering, Oil & Gas, Metallurgy & Mining, Construction, and Medical), and China Nitrile Butadiene Rubber Market Insights, Industry Trend, Forecasts to 2033.
Industry: Chemicals & MaterialsChina Nitrile Butadiene Rubber Market Insights Forecasts to 2033
- The China Nitrile Butadiene Rubber Market Size was valued at USD 615.6 Million in 2023.
- The Market Size is Growing at a CAGR of 6.61% from 2023 to 2033
- The China Nitrile Butadiene Rubber Market Size is Expected to Reach USD 1167.9 Million by 2033
Get more details on this report -
The China Nitrile Butadiene Rubber Market Size is Anticipated to Reach USD 1167.9 Million by 2033, Growing at a CAGR of 6.61% from 2023 to 2033
Market Overview
China nitrile butadiene rubber market is a vital segment of the country's synthetic rubber industry, driven by strong demand across automotive, industrial, and medical sectors. As China continues to expand its industrial base and automotive production, the need for durable and reliable rubber materials like NBR is growing rapidly. The rising focus on worker safety and hygiene, especially in the wake of global health concerns, has also led to increased use of NBR in disposable medical gloves and personal protective equipment. Key benefits of NBR include high tensile strength, flexibility over a wide temperature range, and resistance to abrasion and aging, making it a preferred choice over natural rubber in many applications. Additionally, ongoing investments in R&D and the expansion of domestic production capacities are enhancing China’s self-reliance and export potential in the global rubber market. Overall, the China NBR market is poised for steady growth, supported by technological advancements, environmental regulations, and a shift toward high-performance synthetic elastomers.
Report Coverage
This research report categorizes the China nitrile butadiene rubber market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China nitrile butadiene rubber market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China nitrile butadiene rubber market.
China Nitrile Butadiene Rubber Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 615.6 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.61% |
2033 Value Projection: | USD 1167.9 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 90 |
Segments covered: | By Product, By Application and COVID-19 Impact Analysis |
Companies covered:: | ARLANXEO, Zeon Chemicals L.P., NITRIFLEX, SIBUR, PetroChina Company Limited, Dynasol Group, Synthos S.A., KUMHO PETROCHEMICAL, LG Chem, Versalis S.p.A., and other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
Get more details on this report -
Driving Factors
China's robust manufacturing sector fuels demand in industrial and medical applications, including gloves and equipment. Government initiatives focused on industrial modernization and environmental sustainability are encouraging the use of higher-quality NBR products. Furthermore, relaxed foreign investment policies are attracting global players, enhancing competition and innovation within the market.
Restraining Factors
Environmental regulations concerning emissions and waste management during NBR production introduce further complexities, potentially increasing operational costs and affecting smaller manufacturers disproportionately.
Market Segmentation
The China nitrile butadiene rubber market share is classified into product and application.
- The seals & o-rings segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.
The China nitrile butadiene rubber market is segmented by product into hoses, belts, cables, molded & extruded products, seals & o-rings, rubber compounds, adhesives & sealants, gloves, and foamed products. Among these, the seals & o-rings segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The segment dominance is because seals and o-rings are essential in industries like automotive, machinery, and oil & gas, where they are used to prevent fluid or gas leaks.
- The automotive segment accounted for a significant share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
The China nitrile butadiene rubber market is segmented by application into automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, and medical. Among these, the automotive segment accounted for a significant share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The segment growth is due to NBR’s excellent resistance to oil, fuel, and heat, making it ideal for use in critical automotive components like seals, gaskets, hoses, and belts. As China remains a global leader in vehicle production, including the fast-growing electric vehicle (EV) sector, demand for durable and high-performance rubber materials continues to rise.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the China nitrile butadiene rubber market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- ARLANXEO
- Zeon Chemicals L.P.
- NITRIFLEX
- SIBUR
- PetroChina Company Limited
- Dynasol Group
- Synthos S.A.
- KUMHO PETROCHEMICAL
- LG Chem
- Versalis S.p.A.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2023, Sinopec initiated operations for its new synthetic rubber plant in Hainan, China. The project is a joint venture between Baling New Material and Sinopec’s subsidiary Hainan Refining & Chemical Co.
Market Segment
This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China nitrile butadiene rubber market based on the below-mentioned segments
China Nitrile Butadiene Rubber Market, By Product
- Hoses
- Belts
- Cables
- Molded & Extruded Products
- Seals & O-rings
- Rubber Compounds
- Adhesives & Sealants
- Gloves
- Foamed Products
China Nitrile Butadiene Rubber Market, By Application
- Automotive
- Mechanical Engineering
- Oil & Gas
- Metallurgy & Mining
- Construction
Need help to buy this report?