Market Overview:
The global nitrile elastomers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nitrile elastomers from the medical industry, automobiles industry, construction industry, and machinery industry. Nitrile elastomers are also used in other applications such as oil & gas, aerospace & defense, and electrical & electronics industries. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On the basis of type, solid NBR rubber is expected to lead the global nitrile elastomers market during the forecast period owing to its properties such as high resistance to abrasion and good tear strength. On account of their superior properties over traditional rubbers such as natural rubber (NR) and synthetic rubber (SR), NBR latex is projected to be one of fastest-growing types during 2018-2030.
Product Definition:
Nitrile elastomers are a type of synthetic rubber that contains the nitrile group (-CN). They are used in many applications where resistance to oil, gasoline, and other solvents is required. Nitrile elastomers are also resistant to abrasion and have good tear resistance.
Solid NBR Rubber:
Solid NBR rubber is a cross-linked polymer, which contains carbon and nitrogen functional groups. It has a high resistance to ozone and oxygen, as well as an excellent ability to withstand extreme temperatures. The product finds application in various industries including automotive & transportation, oil & gas, chemicals processing equipment manufacturing industries owing to its physical properties such as high strength and temperature resistance.
NBR Latex:
NBR latex is a water-based emulsion polymerization of styrene-butadiene rubber (SBR) and it is used in the production of nitrile elastomers. Nitrile elastomers are synthetic rubber compounds that are resistant to several chemical solvents, acids, and bases.
Application Insights:
The automotive industry was the largest application segment for nitrile elastomers in 2017, accounting for over 30.0% of the global market. The increasing demand for automobiles due to rising disposable income levels and improved standard of living is expected to have a positive impact on the overall market growth over the forecast period.
Nitrile elastomers are used in manufacturing automobile components including power trains, transmission systems, brake systems and fuel tanks owing to their high resistance against oils, fuels and other aggressive chemicals. They also offer superior performance as compared with conventional rubber-based materials which makes them highly suitable for use in automobile manufacturing plants globally.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of over 54% in 2016 owing to high product demand from various end-use industries, such as automotive, construction, machinery and medical. China is anticipated to remain a key consumer due to rapid industrialization along with increasing per capita income levels among consumers.
The Asia Pacific market will be driven by growing population and rising living standards that are leading towards an increased demand for automobiles across countries like India, Indonesia & Vietnam among others.
Growth Factors:
- Increasing demand for nitrile elastomers from automotive and industrial sectors due to its properties such as oil resistance, abrasion resistance, and chemical resistance.
- Rising demand for nitrile elastomers in Asia Pacific region due to the growth of automotive and construction industries.
- Growing use of nitrile elastomers in medical applications owing to its properties such as biocompatibility and non-toxicity.
- Technological advancements in the production of nitrile elastomers that are helping manufacturers to produce high-quality products with better performance characteristics at lower costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrile Elastomers Market Research Report
By Type
Solid NBR Rubber, NBR Latex, Hydrogenated NBR (HNBR)
By Application
Medical Industry, Automobiles Industry, Construction Industry, Machinery Industry, Others
By Companies
LANXESS, Zeon Chemicals, CNPC, Nantex, KKPC, LG Chem, Ningbo Shunze Rubber, Sibur, JSR Corporation, Industrias Negromex, Versalis, Petrobras Argentina, Huangshan Hualan Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Nitrile Elastomers Market Report Segments:
The global Nitrile Elastomers market is segmented on the basis of:
Types
Solid NBR Rubber, NBR Latex, Hydrogenated NBR (HNBR)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical Industry, Automobiles Industry, Construction Industry, Machinery Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LANXESS
- Zeon Chemicals
- CNPC
- Nantex
- KKPC
- LG Chem
- Ningbo Shunze Rubber
- Sibur
- JSR Corporation
- Industrias Negromex
- Versalis
- Petrobras Argentina
- Huangshan Hualan Technology
Highlights of The Nitrile Elastomers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid NBR Rubber
- NBR Latex
- Hydrogenated NBR (HNBR)
- By Application:
- Medical Industry
- Automobiles Industry
- Construction Industry
- Machinery Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nitrile Elastomers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nitrile elastomers are a type of synthetic rubber that is made from ethylene and nitric acid. Nitrile elastomers are often used in products that need to be resistant to oil, water, and other chemicals.
Some of the key players operating in the nitrile elastomers market are LANXESS, Zeon Chemicals, CNPC, Nantex, KKPC, LG Chem, Ningbo Shunze Rubber, Sibur, JSR Corporation, Industrias Negromex, Versalis, Petrobras Argentina, Huangshan Hualan Technology.
The nitrile elastomers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitrile Elastomers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nitrile Elastomers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitrile Elastomers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nitrile Elastomers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nitrile Elastomers Market Size & Forecast, 2018-2028
4.5.1 Nitrile Elastomers Market Size and Y-o-Y Growth
4.5.2 Nitrile Elastomers Market Absolute $ Opportunity
Chapter 5 Global Nitrile Elastomers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nitrile Elastomers Market Size Forecast by Type
5.2.1 Solid NBR Rubber
5.2.2 NBR Latex
5.2.3 Hydrogenated NBR (HNBR)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitrile Elastomers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nitrile Elastomers Market Size Forecast by Applications
6.2.1 Medical Industry
6.2.2 Automobiles Industry
6.2.3 Construction Industry
6.2.4 Machinery Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitrile Elastomers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nitrile Elastomers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nitrile Elastomers Analysis and Forecast
9.1 Introduction
9.2 North America Nitrile Elastomers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nitrile Elastomers Market Size Forecast by Type
9.6.1 Solid NBR Rubber
9.6.2 NBR Latex
9.6.3 Hydrogenated NBR (HNBR)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nitrile Elastomers Market Size Forecast by Applications
9.10.1 Medical Industry
9.10.2 Automobiles Industry
9.10.3 Construction Industry
9.10.4 Machinery Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nitrile Elastomers Analysis and Forecast
10.1 Introduction
10.2 Europe Nitrile Elastomers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nitrile Elastomers Market Size Forecast by Type
10.6.1 Solid NBR Rubber
10.6.2 NBR Latex
10.6.3 Hydrogenated NBR (HNBR)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nitrile Elastomers Market Size Forecast by Applications
10.10.1 Medical Industry
10.10.2 Automobiles Industry
10.10.3 Construction Industry
10.10.4 Machinery Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nitrile Elastomers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitrile Elastomers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nitrile Elastomers Market Size Forecast by Type
11.6.1 Solid NBR Rubber
11.6.2 NBR Latex
11.6.3 Hydrogenated NBR (HNBR)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nitrile Elastomers Market Size Forecast by Applications
11.10.1 Medical Industry
11.10.2 Automobiles Industry
11.10.3 Construction Industry
11.10.4 Machinery Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nitrile Elastomers Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitrile Elastomers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nitrile Elastomers Market Size Forecast by Type
12.6.1 Solid NBR Rubber
12.6.2 NBR Latex
12.6.3 Hydrogenated NBR (HNBR)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nitrile Elastomers Market Size Forecast by Applications
12.10.1 Medical Industry
12.10.2 Automobiles Industry
12.10.3 Construction Industry
12.10.4 Machinery Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nitrile Elastomers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitrile Elastomers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nitrile Elastomers Market Size Forecast by Type
13.6.1 Solid NBR Rubber
13.6.2 NBR Latex
13.6.3 Hydrogenated NBR (HNBR)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nitrile Elastomers Market Size Forecast by Applications
13.10.1 Medical Industry
13.10.2 Automobiles Industry
13.10.3 Construction Industry
13.10.4 Machinery Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nitrile Elastomers Market: Competitive Dashboard
14.2 Global Nitrile Elastomers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LANXESS
14.3.2 Zeon Chemicals
14.3.3 CNPC
14.3.4 Nantex
14.3.5 KKPC
14.3.6 LG Chem
14.3.7 Ningbo Shunze Rubber
14.3.8 Sibur
14.3.9 JSR Corporation
14.3.10 Industrias Negromex
14.3.11 Versalis
14.3.12 Petrobras Argentina
14.3.13 Huangshan Hualan Technology
