Product Code: ETC334824 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India nitrile butadiene rubber market import shipments demonstrated robust growth with a CAGR of 13.4% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024, with a decrease of 12.3%. Overall, the market expansion showed signs of slowing down towards the end of the period.
The nitrile butadiene rubber (NBR) market size was valued at USD 1 billion as on 2018 with a CAGR of 6% between 2025 - 2025 owing mainly to its superior properties like excellent resistance against chemical attacks & oil/hydrocarbon solvents coupled with better sealing capabilities compared other elastomers available commercially. It finds applications across multiple industries such as automotive , aerospace , medical devices , food contact material etc., owing its attributes such as heat resistance up till 120?C & good mechanical strength even when exposed To highly corrosive environment. Growing automotive industry particularly passenger vehicles segment will be major driver increasing NBR consumption over next 5 years.
The India nitrile butadiene rubber market is poised for growth due to several driving factors. Nitrile rubber is extensively used in industries such as automotive, healthcare, and industrial manufacturing. The automotive sector`s growth, coupled with the increasing demand for medical gloves and other healthcare-related products, is driving the demand for nitrile rubber. Additionally, the chemical resistance, durability, and versatility of nitrile rubber contribute to its widespread use. Concerns over latex allergies and advancements in nitrile rubber technology are also influencing the market`s positive outlook.
The India nitrile butadiene rubber market is vital for industries like automotive, healthcare, and industrial applications. Challenges persist, particularly regarding the availability and pricing of raw materials, which are often influenced by global petrochemical dynamics. Moreover, maintaining the quality and consistency of nitrile butadiene rubber while adhering to stringent industry standards presents a challenge. The market also faces competition from other rubber types and the need for continuous product innovation.
The India nitrile butadiene rubber market saw fluctuations driven by shifts in demand from sectors such as automotive, healthcare, and industrial gloves. The pandemic led to a surge in demand for medical gloves, impacting the market. Supply chain disruptions also affected the availability of raw materials. The market`s outlook depends on the pace of economic recovery and sustained healthcare needs.
The India nitrile butadiene rubber market is growing due to the demand from industries such as automotive, healthcare, and manufacturing. Major players like Reliance Industries, India Synthetic Rubber Limited (ISRL), and LG Chem are influential in shaping this market, producing nitrile rubber for a wide range of applications.
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 Nitrile Butadiene Rubber Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Nitrile Butadiene Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 India Nitrile Butadiene Rubber Market - Industry Life Cycle |
3.4 India Nitrile Butadiene Rubber Market - Porter's Five Forces |
3.5 India Nitrile Butadiene Rubber Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Nitrile Butadiene Rubber Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 India Nitrile Butadiene Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for nitrile butadiene rubber in automotive industries for manufacturing automotive components due to its superior properties like heat resistance, oil resistance, and durability. |
4.2.2 Growing awareness and adoption of nitrile butadiene rubber in the healthcare sector for manufacturing medical gloves, tubing, and other medical equipment. |
4.2.3 Rising demand for nitrile butadiene rubber in the construction industry for applications like sealants, adhesives, and roofing materials. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of nitrile butadiene rubber, such as acrylonitrile and butadiene, can impact the overall cost of production. |
4.3.2 Intense competition from other types of synthetic rubbers like styrene-butadiene rubber and polybutadiene rubber may pose a challenge to the growth of the nitrile butadiene rubber market. |
4.3.3 Stringent regulations and environmental concerns regarding the disposal and recycling of nitrile butadiene rubber waste products can hinder market growth. |
5 India Nitrile Butadiene Rubber Market Trends |
6 India Nitrile Butadiene Rubber Market, By Types |
6.1 India Nitrile Butadiene Rubber Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Nitrile Butadiene Rubber Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Nitrile Butadiene Rubber Market Revenues & Volume, By Hoses, 2021-2031F |
6.1.4 India Nitrile Butadiene Rubber Market Revenues & Volume, By Belts, 2021-2031F |
6.1.5 India Nitrile Butadiene Rubber Market Revenues & Volume, By Cables, 2021-2031F |
6.1.6 India Nitrile Butadiene Rubber Market Revenues & Volume, By Molded & Extruded Products, 2021-2031F |
6.1.7 India Nitrile Butadiene Rubber Market Revenues & Volume, By Seals & O-rings, 2021-2031F |
6.1.8 India Nitrile Butadiene Rubber Market Revenues & Volume, By Rubber Compounds, 2021-2031F |
6.1.9 India Nitrile Butadiene Rubber Market Revenues & Volume, By Gloves, 2021-2031F |
6.1.10 India Nitrile Butadiene Rubber Market Revenues & Volume, By Gloves, 2021-2031F |
6.2 India Nitrile Butadiene Rubber Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 India Nitrile Butadiene Rubber Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Nitrile Butadiene Rubber Market Revenues & Volume, By Mechanical Engineering, 2021-2031F |
6.2.4 India Nitrile Butadiene Rubber Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 India Nitrile Butadiene Rubber Market Revenues & Volume, By Metallurgy & Mining, 2021-2031F |
6.2.6 India Nitrile Butadiene Rubber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.7 India Nitrile Butadiene Rubber Market Revenues & Volume, By Medical, 2021-2031F |
7 India Nitrile Butadiene Rubber Market Import-Export Trade Statistics |
7.1 India Nitrile Butadiene Rubber Market Export to Major Countries |
7.2 India Nitrile Butadiene Rubber Market Imports from Major Countries |
8 India Nitrile Butadiene Rubber Market Key Performance Indicators |
8.1 Research and development investments in developing new nitrile butadiene rubber formulations with enhanced properties. |
8.2 Adoption rate of nitrile butadiene rubber in emerging application sectors such as electronics and consumer goods. |
8.3 Capacity utilization rates of nitrile butadiene rubber manufacturing plants in India. |
8.4 Percentage of nitrile butadiene rubber imports and exports to gauge market dynamics and global competitiveness. |
8.5 Number of patents filed for innovations related to nitrile butadiene rubber technology. |
9 India Nitrile Butadiene Rubber Market - Opportunity Assessment |
9.1 India Nitrile Butadiene Rubber Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Nitrile Butadiene Rubber Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 India Nitrile Butadiene Rubber Market - Competitive Landscape |
10.1 India Nitrile Butadiene Rubber Market Revenue Share, By Companies, 2024 |
10.2 India Nitrile Butadiene Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |