The India Nitrile Butadiene Rubber (NBR) market has reached around 46 thousand tonnes in FY2023 and is expected to further grow at a CAGR of 5.32% during the forecast period until FY2034.
Nitrile Butadiene Rubber is a synthetic rubber formed by the copolymerization of Acrylonitrile and Butadiene. Due to its strong abrasion resistance and fuel handling, NBR is quite popular across the automotive industry. The physical and chemical properties of this rubber depend on the polymer composition of acrylonitrile. This rubber comes in various types and the higher the acrylonitrile content in the polymer, the higher the oil resistance. In the automotive industry, nitrile butadiene rubber is mostly used to manufacture parts for brake pads, dashboards, kick panels, rubber parts, joining parts, etc. NBR is an ideal material for aeronautical applications. In the medical sector, NBR finds applications like stoppers, tubes, and supporting or cushioning materials for medical equipment. NBR is widely used for belts, o-rings, and cables. NBR ensures excellent wear and low rolling resistance, guarantees high performance, and is used in tire treads and sidewalls. Due to its strong resistance to inks made of paraffinic hydrocarbons, it is employed in the roller industry. It is also used to make blue rubber floor mats, shoes, and medical gloves. It is used to create fuel and oil handling hoses, seals, and grommets in the automotive and aerospace industries. It is utilized to produce protective gloves for the nuclear sector. NBR is a practical material for disposable lab, cleaning, and examination gloves due to its durability.
India NBR market is primarily driven by the automotive industry, In the upcoming years, it is anticipated that demand for NBR will increase in the automotive industry due to its excellent fuel-handling applications. Rapid growth in the transportation industry, increased sales of vehicles, and rise in disposable incomes are all factors propagating the Nitrile Butadiene Rubber (NBR) market. Apcotex Industries Limited, located in Vadodara, Gujarat, stands as the only domestic manufacturer of NBR in India, The India Nitrile Butadiene Rubber market is expected to reach approximately 82 thousand tonnes by FY2034.
Based on region, the India Nitrile Butadiene Rubber Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2023, West India has been dominating the market followed by South India. Western states like Gujarat and Maharashtra, are the key consumers of Nitrile Butadiene Rubber due to the abundance of automotive manufacturers located in these states.
Based on end-use, the India Nitrile Butadiene Rubber market is segregated into Automotive Components, Rice Rollers, Hoses, NBR/PVC blend, Insulation Foam, and Others. Among these, Auto Components is dominating the NBR market and consumed approximately 30% of the market in FY2023 and is likely to maintain its dominance in the forecast period. The exceptional resistance to petroleum chemicals and the ability to function for use throughout a temperature range of -40 to 108 degrees Celsius is the main reason why Nitrile Butadiene Rubber is so prominently used in the automotive sector.
Only domestic player in the India Nitrile Butadiene Rubber market is Apcotex Industries Limited. Global players in the Nitrile Butadiene Rubber market are Arlanxeo, Kumho Petrochemical Co. Ltd., LG Chem Ltd., Krasnoyarsk Synthetic Rubbers Plant JSC, Blue Star NBR, LLC, Zeon Corporation, Ningbo Shunze Rubber Co., Ltd., Dynasol/Shanxi Northern Xing'an Chemicals, ARLANXEO-TSRC (Nantong) Chemical Industrial Co. Ltd., and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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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 India.
• To analyse and forecast the market size of Nitrile Butadiene Rubber (NBR) in India.
• To classify and forecast India Nitrile Butadiene Rubber (NBR) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Nitrile Butadiene Rubber (NBR) market in India.
To extract data for India 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 India Nitrile Butadiene Rubber (NBR) market over the coming years.
ChemAnalyst calculated Nitrile Butadiene Rubber (NBR) demand in India by analysing the volume of Nitrile Butadiene Rubber (NBR) consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India 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 FY2023
46 thousand tonnes
Market size Volume by FY2034
82 thousand tonnes
Growth Rate
CAGR of 5.32% from FY2024 to FY2034
Base year
FY2023
Estimated year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
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, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Automotive Components, Rice Rollers, Hoses, NBR/PVC blend, Insulation Foam, and Others)
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What is the anticipated India market growth rate of Nitrile Butadiene Rubber (NBR) by FY2034?
Ans:
The India Nitrile Butadiene Rubber (NBR) market is anticipated to grow at an anticipated CAGR of 5.32% in the forecast period FY2034.
Q2.
Which industry is dominating the India Nitrile Butadiene Rubber (NBR) market?
Ans:
As of FY2023, Automotive Components industry is dominating the Nitrile Butadiene Rubber (NBR) market in India with an estimated share of roughly 65%.
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