Press release
India Nitrile Butadiene Rubber Market Estimated to Exceed USD 125.22 Million By 2033
The study covers competitor and regional analysis, as well as a detailed breakdown of segments within the industry. The India NBR market size reached USD 79.26 Million in 2024. Looking forward, IMARC Group projects the market to reach USD 125.22 Million by 2033, exhibiting a CAGR of 5.21% during 2025-2033.
Report Attribute and Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 79.26 Million
Market Forecast in 2033: USD 125.22 Million
Market Growth Rate (CAGR): 5.21% (2025-2033)
India Nitrile Butadiene Rubber Market Overview:
The India nitrile butadiene rubber (NBR) market is growing steadily with growing demand in the automotive, healthcare, and industrial segments. The better resistance to oil, chemicals, and temperature changes of NBR makes it suitable for the production of gloves, seals, hoses, and belts. The manufacturing base in the country and the growing vehicle production significantly support the growth of the market. Government policies favoring industrial development and infrastructure development also support the industry. With synthetic rubber increasingly substituting natural counterparts in different applications, the India NBR industry is expected to experience long-term growth.
Request for Sample Report: https://www.imarcgroup.com/india-nitrile-butadiene-rubber-market/requestsample
India Nitrile Butadiene Rubber Market Trends and Drivers:
Current market trends in India's NBR industry involve increased regulatory oversight to safeguard indigenous producers from cheap imports, particularly from China, the EU, Korea, and Russia. This has resulted in anti-dumping investigations, which could reshape supply chains and increase local production. The automotive industry remains a huge consumer, and growing vehicle sales have led to demand for NBR-based applications like gaskets and fuel hoses. Furthermore, higher uses of NBR in medical gloves and industrial applications also show diversification of end-use markets. The growth of the market is also being driven further by improvements in polymer processing technology and a shift towards sustainable synthetic rubber products.
Major drivers of the Indian NBR market are increasing automotive production, which requires tough synthetic rubber for fuel hoses, seals, and belts. Increased usage in the healthcare industry of NBR gloves due to increased hygiene consciousness also drives demand. Improved industry operations and investment in chemical processing improve raw material availability and production capacity. Support from governments towards local production and infrastructure construction creates a conducive business environment. Second, heightened environmental concern stimulates innovation towards green synthetic rubber substitutes. Third, government protection against low-cost imports shields local manufacturers, stimulating market development and technological innovation in the country's NBR market.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-nitrile-butadiene-rubber-market
Key Drivers of the India Nitrile Butadiene Rubber Market:
• Rising demand from automotive, healthcare, and industrial sectors
• Growing preference for synthetic rubber in gloves and seals
• Expanding manufacturing activities
• Increasing investments in chemical processing industries
• Favorable government policies and infrastructure development
• Regulatory actions to protect domestic industry from low-priced imports
India Nitrile Butadiene Rubber Market Segmentation:
IMARC Group provides an analysis of key trends in each segment, with forecasts at the regional level for 2025-2033.
By Product Type:
• Hoses
• Belts
• Cables
• Molded Seals
• O-Rings
• Gloves
By Application:
• Automotive
• Oil and Gas
• Mining
• Construction
• Medical
• Others
By Region:
• North India
• South India
• East India
• West India
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
India Nitrile Butadiene Rubber Market News:
• In October 2024, India's Directorate General of Trade Remedies (DGTR) initiated an anti-dumping investigation into imports of acrylonitrile butadiene rubber from China, the EU, Korea, and Russia, following a complaint by Apcotex Industries Ltd.
• The strong growth in India's passenger vehicle sales is fueling consistent demand for NBR in automotive manufacturing.
The strong growth in India's passenger vehicle sales is fueling consistent demand for NBR in automotive manufacturing.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31270&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No.: (D) +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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