H1 2023: In H1 2023, Europe Nitrile Butadiene Rubber (NBR) witnessed a mixed market behavior with price dynamics continuously fluctuating in the region. In Germany, the price of nitrile butadiene rubber showed a volatile trend in H1 2023. In the beginning of the H1 2023, the price determination of NBR maintained its momentum amid increased inflationary pressure and tightened monetary conditions in the European market. However, in March 2023, there was a sharp decline in the NBR consumption by downstream auto industries and input cost inflation which hampered the growth of the nitrile butadiene rubber market in the German market. Increased inventory levels along with the excess supply resulted in the downfall of NBR prices. Also, transportation costs were relatively low in the context of slowing shipments which supported the declining NBR price trend. Prices rose in the beginning of May 2023 then declined in the end of the same month in Germany. It was due to decrease in raw material butadiene price during the end of May 2023. Similar market trend was observed in the French NBR market, in which prices rose in February 2023 due to high number of enquiries by the downstream automotive sector. However, NBR prices fell in March 2023 in France.
The Europe Nitrile Butadiene Rubber (NBR) market has projected an expansion to reach approximately 350 thousand tonnes in 2022 and is expected to grow at an impressive CAGR of 5.88% during the forecast period until 2032. In November 2022, Tatneft, one of the leading energy companies signed a license and engineering contract in place with Versalis (Italian supplier of chemicals), for the development of two rubber manufacturing facilities in Togliatti, situated in Russia. According to the contract, Tatneft will construct a NBR plant with capacity of 70 thousand tonnes per annum along with a carboxylate styrene butadiene rubber latexes (XSBR) unit with capacity of 30 thousand tonnes per annum.
Nitrile rubber, sometimes referred to as acrylonitrile butadiene rubber, nitrile butadiene rubber, NBR, and Buna-N, is a synthetic rubber. It was first synthesized during World War II, and mainly created as a substitute to rubber. It is far better than natural rubber as natural rubber gets oxidized to atmospheric oxygen, oils, and solvents. NBR displays excellent mechanical properties like thermal resistance, oil resistance, chemical resistance, abrasion & water-resistance. Due to these reasons, NBR is a versatile synthetic rubber. Its major applications include hose, belting, cable, O-rings, seals, elastomeric applications, molded and extruded products, sealants, and adhesives. Moreover, NBR powder is used as an impact modifier for PVC and ABS.
The market driving factor of Nitrile Butadiene Rubber (NBR) is mainly due to their excellent properties. NBR rubbers are ideal for application in a variety of industrial fields because of their great resistance to organic solvents, oils, and fuel in addition to their good flexibility at low temperatures. It is widely employed in the automotive industry, which solely consumed approximately 45% of the market in 2022. The demand of NBR from the automotive and construction industry is expected to rise owing to industrialization in the forthcoming years. The Europe Nitrile Butadiene Rubber (NBR) market will most likely reach 600 thousand tonnes by 2032.
Based on demand by region, the Western Europe is dominating the Nitrile Butadiene Rubber (NBR) market among the regions Northern Europe, Southern Europe, Eastern Europe, and Western Europe. In 2022, Western Europe accounted a consumption of approximately 42% of the net NBR market. Moreover, France is the leading producer of NBR in Europe.
Based on the end-user industry, the Europe Nitrile Butadiene Rubber (NBR) market is segregated into Automotive, Construction, Medical Gloves, and Other end-use industries. The automotive sector is dominating the NBR market owing to its usage to manufacture components such as gasoline hoses, seals, rollers, and other components that need to be resistance to oil. Furthermore, its application in the construction sector is anticipated to further propel the demand of NBR in the forecast period. Moreover, gloves constructed with NBR are three times more resistant to rupture and damage than those made in natural rubber.
Major players in the production of Europe Nitrile Butadiene Rubber (NBR) are Arlanxeo, Omnova Solutions/Synthomer, Synthos SA, Versalis, and SIBUR/Sinopec (Krasnoyarsk rubber plant).
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Nitrile Butadiene Rubber (NBR) which covers production, demand and supply of Nitrile Butadiene Rubber (NBR) market in the globe.
• To analyse and forecast the market size of Nitrile Butadiene Rubber (NBR)
• To classify and forecast Europe Nitrile Butadiene Rubber (NBR) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Nitrile Butadiene Rubber (NBR) market in the globe.
To extract data for Europe Nitrile Butadiene Rubber (NBR) market, primary research surveys were conducted with Nitrile Butadiene Rubber (NBR) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe Nitrile Butadiene Rubber (NBR) market over the coming years.
ChemAnalyst calculated Nitrile Butadiene Rubber (NBR) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand of Nitrile Butadiene Rubber (NBR) by the end-user industries across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Nitrile Butadiene Rubber (NBR) manufacturers and other stakeholders
• Organizations, forums and alliances related to Nitrile Butadiene Rubber (NBR) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Nitrile Butadiene Rubber (NBR) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Nitrile Butadiene Rubber (NBR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
350 thousand tonnes
Market size Volume by 2032
600 thousand tonnes
Growth Rate
CAGR of 5.88% from 2023 to 2032
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
Segments covered
By End-Use: (Automotive, Construction, Medical Gloves, and Other)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Northern Europe, Southern Europe, Eastern Europe, and Western Europe.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Nitrile Butadiene Rubber (NBR) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Nitrile Butadiene Rubber (NBR).
3. Capacity By Location
To better understand the regional supply of Nitrile Butadiene Rubber (NBR) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Nitrile Butadiene Rubber (NBR) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Automotive, Construction, Medical Gloves, and Other) are creating a market and the forecast for the growth of the Nitrile Butadiene Rubber (NBR) market.
7. Demand by Region
Analyzing the change in demand of Nitrile Butadiene Rubber (NBR) in different regions, i.e., Northern Europe, Southern Europe, Eastern Europe, and Western Europe, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Nitrile Butadiene Rubber (NBR). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Nitrile Butadiene Rubber (NBR).
10. Company Share
Figure out what proportion of the market share of Nitrile Butadiene Rubber (NBR) is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Nitrile Butadiene Rubber (NBR) exported by major countries.
12. Country-wise Import
Get details about quantity of Nitrile Butadiene Rubber (NBR) imported by major countries.
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What is the expected Europe market size of Nitrile Butadiene Rubber (NBR) in terms of volume for 2032?
Ans:
The Europe market size of Nitrile Butadiene Rubber (NBR) is anticipated to project and expansion and reach approximately 600 thousand tonnes by 2032, with an expected CAGR of 5.88%
Q2.
Which end-use industry is dominating the Europe Nitrile Butadiene Rubber (NBR) market?
Ans:
The Automotive industry is dominating the Nitrile Butadiene Rubber (NBR) market with a market share of 45% in 2022.
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