| Product Code: ETC4508365 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India nbr market import shipment demonstrated strong growth with a CAGR of 13.4% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024 at -12.3%, indicating a slowdown in the market expansion towards the end of the period.
The India NBR (nitrile butadiene rubber) market is growing steadily, primarily driven by the automotive and oil & gas sectors. NBR is known for its excellent oil and chemical resistance, making it a preferred material for manufacturing gaskets, seals, and hoses in these industries. As the automotive sector continues to expand and industries require durable and resilient rubber products, the demand for NBR is expected to remain robust in India.
The Nitrile Butadiene Rubber (NBR) market in India is primarily driven by its versatile applications in various industries, including automotive, oil and gas, and manufacturing. NBR is highly valued for its resistance to oil, chemicals, and extreme temperatures, making it ideal for sealing and gasket applications in the automotive and industrial sectors. With the growing automotive industry in India and the expansion of manufacturing activities, the demand for NBR is expected to increase. Moreover, NBR is also used in the oil and gas sector for O-rings, seals, and hoses, which further contributes to its market growth.
The India Nitrile Butadiene Rubber (NBR) market is facing several challenges. Firstly, the volatility in raw material prices, primarily butadiene and acrylonitrile, impacts the overall production costs, leading to inconsistent pricing strategies. Additionally, there are concerns about environmental regulations and the need for sustainable manufacturing processes. The market also encounters competition from alternative rubber types like natural rubber and synthetic rubber, which requires innovative strategies to maintain market share. Furthermore, the fluctuating demand for NBR in various industries, from automotive to oil and gas, necessitates flexibility in production capacities and supply chain management.
The NBR market in India experienced fluctuations during the COVID-19 pandemic. The initial disruptions in production and supply chain issues affected the market negatively. However, the increased demand for medical gloves and other personal protective equipment that use NBR contributed to a partial recovery. The market`s performance was closely linked to the global health situation.
Companies such as Lanxess, Zeon Chemicals, Kumho Petrochemical, and LG Chem are significant players in India NBR market, providing Nitrile rubber for various industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India NBR Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India NBR Market Revenues & Volume, 2021 & 2031F |
3.3 India NBR Market - Industry Life Cycle |
3.4 India NBR Market - Porter's Five Forces |
3.5 India NBR Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India NBR Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India NBR Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive tires in India |
4.2.2 Growth in the manufacturing sector leading to higher consumption of rubber products |
4.2.3 Government initiatives promoting the use of sustainable materials like NBR in various industries |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative materials like synthetic rubbers |
4.3.3 Regulatory challenges related to environmental sustainability and waste management |
5 India NBR Market Trends |
6 India NBR Market, By Types |
6.1 India NBR Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India NBR Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India NBR Market Revenues & Volume, By O-Rings & Seals, 2021-2031F |
6.1.4 India NBR Market Revenues & Volume, By Hoses, 2021-2031F |
6.1.5 India NBR Market Revenues & Volume, By Belts & Cables, 2021-2031F |
6.1.6 India NBR Market Revenues & Volume, By Molded & Extruded Products, 2021-2031F |
6.1.7 India NBR Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.1.8 India NBR Market Revenues & Volume, By Gloves, 2021-2031F |
6.2 India NBR Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 India NBR Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 India NBR Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 India NBR Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 India NBR Market Revenues & Volume, By Medical, 2021-2031F |
7 India NBR Market Import-Export Trade Statistics |
7.1 India NBR Market Export to Major Countries |
7.2 India NBR Market Imports from Major Countries |
8 India NBR Market Key Performance Indicators |
8.1 Average selling price of NBR in the Indian market |
8.2 Adoption rate of NBR in key industries such as automotive, construction, and healthcare |
8.3 Investment in RD for improving NBR properties and applications |
8.4 Percentage of NBR imports versus domestic production in India |
9 India NBR Market - Opportunity Assessment |
9.1 India NBR Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India NBR Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India NBR Market - Competitive Landscape |
10.1 India NBR Market Revenue Share, By Companies, 2024 |
10.2 India NBR Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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