Nitrile Butadiene Rubber (NBR) Prices

Nitrile Butadiene Rubber Prices September 2024

The nitrile butadiene rubber prices in the United States for Q3 2024 reached 3140 USD/MT in September. In the third quarter of 2024, the USA market encountered declining prices due to subdued domestic orders and restrained market sentiment. A steady supply environment paired with balanced inventories across sellers and buyers contributed to price momentum. Weakening crude oil rates, along with macroeconomic uncertainties added pressure, leading to reduced pricing for NBR. The quarter reflected cautious market behavior and an ample supply chain, keeping price growth minimal for NBR.

The price trend for nitrile butadiene rubber in Japan for Q3 2024 settled at 2135 USD/MT in September. During the third quarter of 2024, Japan's nitrile butadiene rubber market faced a steady decrease in prices, aligning with a broader regional trend. Reduced demand from automotive and construction sectors, coupled with abundant supply, added to this downward shift. Domestic buyers hesitated on orders, mirroring broader market uncertainty. This cautious sentiment, driven by economic concerns, sustained a bearish environment, with prices showing little enhancement through the quarter despite stable downstream sector activity.

In France, the nitrile butadiene rubber prices for Q3 2024 reached 2350 USD/MT in September. In the third quarter of 2024, France’s nitrile butadiene rubber market saw a gradual price decline amid weak orders from several sectors. The market reflected an oversupply, with sufficient inventories limiting price growth potential. Inflationary concerns further reduced consumer demand, placing additional downward pressure on NBR prices. France’s pricing environment was marked by low procurement activities, with rates settling lower by the quarter’s end, showing a complex landscape for NBR in the region.

Nitrile Butadiene Rubber Prices June 2024

The nitrile butadiene rubber prices in the United States for Q2 2024 reached 3221 USD/MT in June. In the second quarter of 2024, the NBR market in the USA saw upward price movement, fueled by rising crude oil rates and cross-border disruptions. The automotive and construction sectors contributed to stronger seasonal demand, helping to sustain market stability despite moderate supply levels. Freight rate increased due to global shipping challenges also impacted pricing. With manufacturing costs rising and supply chain hurdles, the USA's market was characterized by higher NBR prices, reflecting positive sentiment despite ongoing global uncertainties.

The price trend for nitrile butadiene rubber in Japan for Q2 2024 settled at 2195 USD/MT in June. In the second quarter of 2024, Japan's nitrile butadiene rubber market saw notable price hikes, propelled by rising raw material costs, particularly crude oil. Geopolitical problems further exacerbated supply chain challenges, pushing freight prices up. The automotive industry's order, paired with seasonal fuel demand increases, also contributed to the price rise. Japan saw significant shifts in pricing, with market dynamics influenced by both global economic factors and regional demand trends, particularly in manufacturing.

In Germany, the nitrile butadiene rubber prices for Q2 2024 reached 2465 USD/MT in June. Germany’s nitrile butadiene rubber market in the second quarter of 2024 was marked by a gradual increase in prices, driven by seasonal demand and supply chain adjustments. As economic pressures mounted, cross-border conflicts and changes in the rate of crude oil impacted the market. The automotive sector’s demand, coupled with supply constraints, led to higher NBR prices. Overall, the German market remained stable with a positive outlook, supported by positive market sentiment and effective supply-management strategies.

Nitrile Butadiene Rubber Prices March 2024

The nitrile butadiene rubber prices in the United States for Q1 2024 reached 2989 USD/MT in March. In the first quarter of 2024, the NBR market in the USA showed limited movement, with prices remaining stable despite weak orders from the automotive sector. A drop in vehicle sales, coupled with concerns over crude oil supply disruptions, influenced the overall market sentiment. Despite an average number of new inquiries, the market remained under pressure due to high inflation and economic uncertainty. The quarter ended with little to no significant changes, highlighting a cautious approach within the industry.

The price trend for nitrile butadiene rubber in Japan for Q1 2024 settled at 1899 USD/MT in March. Japan’s NBR market in Q1 2024 saw notable price declines, driven by reduced orders from the automotive and construction sectors. The market faced additional pressure from high rates of crude oil, which accelerated production costs. Despite moderate investigations from the automotive sector, overall demand remained weak. Japan saw some key rate changes in the APAC region, with a considerable drop in both quarter-over-quarter and year-over-year prices, reflecting the broader market downturn.

In Germany, the nitrile butadiene rubber prices for Q1 2024 reached 2422 USD/MT in March. In Germany, nitrile butadiene rubber rates decreased sharply in Q1 2024 due to reduced orders from the automotive sector and construction industry. Economic instability, high inflation, and accelerating rates of interest led to decreased buying capacity, further lowering orders for NBR. The automotive market saw a reduction in new car sales, while the construction industry saw low confidence, resulting in fewer procurement activities. The overall market sentiment was negative, with Germany experiencing the most significant price fluctuations in the region.

Nitrile Butadiene Rubber Prices December 2023

The nitrile butadiene rubber prices in the USA for Q4 2023 reached 2980 USD/MT (NBR 41%-66%) in December. The market witnessed bearish trends in Q4 2023, driven by weak consumption across the automotive and construction sectors. Consumers held back purchases owing to high rates of interest, and declining crude oil rates put additional pressure on the market. While some inquiries emerged mid-quarter, producers lowered cost in December to encourage new orders during the destocking season.

The price trend for NBR in Japan for Q4 2023 reached 2040 USD/MT (NBR 36%-43%) in December. In Japan, the market experienced a bearish trend during Q4 2023, with weak demand from the automotive industry and ongoing inflationary challenges. Market prices softened, and the construction sector provided limited support. Year-end destocking activities further depressed the market, while upstream volatility in Butadiene prices and maintenance shutdowns in regional plants influenced the market dynamics.

The price trend for NBR in Germany for the fourth quarter of 2023 reached 2430 USD/MT (NBR 18%-40%) in December. In Germany, the market was bearish alongside, heavily impacted by reduced automotive sales and a gradual revival from the post-pandemic period. Inflationary pressures, lower operating rates, and weaker demand from construction added to the challenges. The year-end stock clearance season further pushed prices down, as market sentiment remained pessimistic amid soft downstream demand and limited recovery prospects.

Regional Coverage

The report provides a detailed analysis of the NBR market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the NBR price trend.

Global Nitrile Butadiene Rubber Price

The report offers a holistic view of the global NBR pricing trends in the form of NBR price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into NBR historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into NBR price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed NBR demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Nitrile Butadiene Rubber Price

Q3 2024:

In the third quarter of 2024, Europe’s nitrile butadiene rubber market experienced a downturn, driven by decreased orders from key downstream sectors. The persistent supply-demand mismatch put pressure on rates, as stock levels stayed elevated while usage was sluggish. Economic instability and inflationary pressures resulted in decreased expenditure of the consumer, worsening the poor demand situation. In France, the market saw a slight decrease in prices compared to the last quarter. The latter part of the quarter experienced a minor decline, strengthening the trend of falling prices. Even with a consistent supply, the absence of robust downstream demand maintained a subdued market, adding to the prevailing bearish outlook in the area.

Q2 2024:

During the second quarter of 2024, the European nitrile butadiene rubber sector experienced an active pricing trend, shaped by a blend of varying demand and supply hurdles. Moderate consumption from sectors coincided with adequate product accessibility, although production rates were still lagging behind pre-recession benchmarks. Ongoing service inflation, combined with shifts in the rates of crude oil, added layers of complexity to the market. Additionally, geopolitical tensions and disruptions within supply chains, especially in logistics, had an impact on the pricing structure. In Germany, notable price fluctuations occurred, with rises driven by seasonal changes and supply constraints. Despite these fluctuations, the overall market sentiment remained cautiously positive, with effective supply management contributing to a stable outlook for the NBR industry in the region.

Q1 2024:

In the first quarter of 2024, the nitrile butadiene rubber market in Europe faced a sharp decline in prices, driven by various economic challenges. Sluggish orders from the automotive industry, coupled with rising inflation, accelerating interest rates, and high energy costs, weakened the buying capacity of key end-user sectors. In Germany, both the automotive industry and construction scetor experienced moderate procurement activity, with a significant reduction in new car sales. Additionally, economic uncertainty and elevated interest rates contributed to a pessimistic outlook in the construction industry, further dampening NBR demand. Germany saw the most substantial price fluctuations, with notable drops both year-over-year and quarter-over-quarter. This decline mirrored the broader struggles of the market as it contended with adverse economic conditions and reduced demand across multiple sectors.

Q4 2023:

The European market experienced a similarly bearish trend, driven by reduced requirements from the construction and automotive sectors. New automotive projects saw a notable decline, especially in Germany, where car sales dropped, fueling a pessimistic market outlook. Inflationary pressures and slow rebound from the post-pandemic period also affected NBR demand. Falling natural gas costs reduced production prices, but raw material support was insufficient to trigger price growth. The quarter concluded with weaker market conditions during the year-end stock clearance season, further weakening the demand for NBR. The European market also saw supply-side pressures as operating rates stayed low, but no major plant shutdowns were reported.

This analysis can be extended to include detailed NBR price information for a comprehensive list of countries.

North America Nitrile Butadiene Rubber Price

Q3 2024:

In the third quarter of 2024, the North American nitrile butadiene rubber market saw a decline in rates due to sluggish local demand. Despite the fact that supply levels stayed stable, a wary market mood dominated, as suppliers kept enough stocks while buyers were cautious due to uncertainties in the worldwide economy. The drop in the rates of crude oil further caused the negative sentiment, playing a role in the market's overall downturn. The USA, specifically, experienced the most considerable impacts, marked by an ongoing price drop from the last quarter. A noticeable decline in prices occurred, indicating ongoing downward pressure. Consequently, NBR pricing stayed low, mirroring the ongoing negative sentiment.

Q2 2024:

During the second quarter of 2024, the prices in the nitrile butadiene rubber market in the North America region accelerated, driven by multiple key factors. Geopolitical conflicts disturbed worldwide supply, causing shipping delays and increasing freight expenses. Moreover, rising prices of crude oil raised production expenses, which contributed to additional upward pressure on NBR prices. In the USA, seasonal orders from the automotive industry and construction sector led to an optimistic market outlook. Although there were some supply constraints, the NBR market in North America thrived due to robust demand fundamentals and external economic influences, resulting in an improved market atmosphere. As geopolitical and economic influences persisted in molding the environment, the general perspective stayed positive for the area.

Q1 2024:

In the first quarter of 2024, the nitrile butadiene rubber market in North America maintained a generally steady pricing landscape, impacted by low orders from the automotive sector and a slowdown in industrial work. Although there were new investigations from automotive sectors, the market struggled due to a decline in vehicle sales across the United States, which reduced the need for raw materials such as NBR. Moreover, worries surrounding potential disruptions in crude oil supplies, particularly stemming from OPEC+ manufacturing cuts, added to the volatility of market rate. During the period, pricing remained relatively stable, reflecting a cautious market sentiment. The conditions for NBR in North America showed limited optimism, with inflationary pressures and a cautious approach from downstream industries leading to a stagnant pricing pattern.

Q4 2023:

The market in North America exhibited a bearish trend due to sluggish requirements from key sectors like automotive and construction. High interest rates, coupled with the reduction in crude oil prices, further pressured market sentiments. Ample accessibility of NBR stocks led to limited production capacities, while US consumer spending remained restrained. Although some improvement was observed with incoming inquiries from the automotive industry in mid-Q4, overall demand remained weak. At year-end, as the stocking clearance period unfolded, companies reduced costs to stimulate new orders. Global factors, such as weak global demand and rising interest rates, also added to a slowdown in both domestic and export markets, adding to the bearish outlook.

Specific NBR historical data within the United States and Canada can also be provided.

Middle East and Africa Nitrile Butadiene Rubber Price

The report explores the NBR pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on NBR prices for countries can also be provided.

Asia Pacific Nitrile Butadiene Rubber Price

Q3 2024:

APAC's nitrile butadiene rubber market saw a drop in the third quarter of 2024, prompted by weak local demand and an excess of supply. In crucial markets such as Japan, low demand from the automotive and construction industries resulted in decreased market activity. Even with steady supply levels, vendors had to decrease the rates to sell off surplus inventory, which led to the declining price trend. Concerns about economic uncertainties further diminished market sentiment, resulting in more cautious buying sentiment. Japan saw a minor enhancement compared to the last quarter, yet in general, the market continued to be bearish. Demand from downstream sources was subdued, and market players persisted in taking a wait-and-see stance due to economic apprehensions.

Q2 2024:

Asia Pacific's nitrile butadiene rubber market saw significant changes in Q2 2024, with prices moving higher. Soaring expenses for upstream Butadiene, primarily driven by geopolitical problems, resulted in a rise in the rates of crude oil. These elements, along with accelerated shipping costs owing to port traffic, exert extra strain on the market. Moreover, the automotive industry's consistent demand offered backing. In Japan, significant price increases were noted due to seasonal factors and the resulting rise in the demand for fuel, which also affected the rates of crude oil. The rise in raw material expenses along with supply chain issues established a difficult yet lucrative situation for NBR pricing, as demand continued to exceed supply.

Q1 2024:

In Q1 2024, the nitrile butadiene rubber market in the Asia-Pacific region witnessed a significant decline in prices. This downturn was primarily driven by lower orders from various industries, coupled with disappointing investigations from key importing nations. Furthermore, the rise in the rates of crude oil led to higher production costs for NBR, intensifying pressure on the market. Japan experienced the most pronounced price fluctuations, with considerable drops both year-over-year and quarter-over-quarter. Despite a modest influx of new automotive inquiries, the market remained sluggish, with smaller transaction volumes becoming more prevalent. The pricing outlook in the APAC region was predominantly negative, as both global and local factors heavily impacted the NBR market.

Q4 2023:

In the Asia Pacific, the market faced bearish conditions driven by declining consumption across the automotive and construction sectors. Instability in feedstock Butadiene rates added to the market’s instability. The region’s market saw a brief boost from construction-related inquiries in mid-Q4, but overall, demand remained weak. The market faced challenges such as inflationary pressures, particularly in Japan, where the automotive sector was sluggish. Plant maintenance shutdowns, like Hyundai Chemical’s Butadiene plant in South Korea, further influenced the market. By December, the destocking season pushed prices downward, compounding the already bearish trend. Supply remained ample, but the demand outlook showed minimal recovery signs.

This NBR price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Nitrile Butadiene Rubber Price

The analysis of NBR prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Nitrile Butadiene Rubber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Nitrile Butadiene Rubber Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of nitrile butadiene rubber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of nitrile butadiene rubber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of nitrile butadiene rubber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing nitrile butadiene rubber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Nitrile Butadiene Rubber Market Analysis

The global nitrile butadiene rubber market size reached US$ 2.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.7 Billion, at a projected CAGR of 5.40% during 2023-2032.

• The increase in industrialization and expansion of automotive sectors all across the world represents one of the key factors influencing the growth of the market. Nitrile butadiene rubber is generally used in manufacturing oil-resistant automotive components like seals, gaskets, and hoses. According to a report published by Statista, in 2023 approx. 94,000,000 motor vehicles were produced worldwide. This figure translates into an increase of around 10% as compared to the previous year. China, Japan, and Germany were among the largest producers of cars and commercial vehicles where China is ranked as the largest passenger car manufacturer in the world having produced more than 26,000,000 cars in 2023 which is about 1/3 of the world's passenger car vehicle production. Along with the increase in production of vehicles the demand for durable and reliable materials that can withstand harsh chemical environments is also on the rise, thereby driving the nitrile butadiene rubber market.
• The global healthcare sector is also an important market driver for nitrile butadiene rubber mainly because of the increasing demand for disposable gloves. The COVID-19 pandemic notably increased this demand highlighting the importance of nitrile butadiene rubber in medical applications where durability and protection against contaminants are necessary. Nitrile butadiene rubber is known for its durability and excellent barrier protection against viruses, bacteria, and chemical contaminants making them an important component for medical professionals and healthcare workers. Hospitals and clinics globally increased their orders for nitrile butadiene rubber gloves to ensure safety and prevent the spread of the virus among their staff and patients.
• The expansion of the oil and gas industry is another significant driver of nitrile butadiene rubber. NBR’s resistance to oil, fuels, and solvents makes it indispensable for producing various oil field exploration and processing equipment. According to a report published by Statista, over 4 billion metric tonnes of oil is produced across the world every year. The Middle East retains the greatest share of proven oil reserves, which is more than 50%.

Nitrile Butadiene Rubber News

The report covers the latest developments, updates, and trends impacting the global nitrile butadiene rubber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in nitrile butadiene rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nitrile butadiene rubber price trend.

Latest developments in the nitrile butadiene rubber industry:

• In 2023, the Sri Lankan cabinet approved a contract for China Petroleum & Chemical Corp. (Sinopec) to build a new refinery, following an earlier deal between the South Asian country’s government and Chinese state-owned Sinopec for fuel retailing.
• In 2023, Arlanxeo, a leading manufacturer of hydrogenated nitrile rubber (HNBR), expanded its production capacity by nearly 1,000 tons at its facilities in the United States and Germany, bringing its total production capacity to 11,000 tons per year. This expansion helped meet the growing demand for HNBR, a versatile elastomer used in various harsh environments.

Product Description

Nitrile butadiene rubber (NBR), commonly known as nitrile rubber. It is a synthetic rubber copolymer which is composed of acrylonitrile and butadiene. This material is known for its excellent resistance to oil, fuel and other chemicals which makes it a preferred choice in various industrial applications. Nitrile butadiene rubber is particularly valued in automotive and aerospace industries for the manufacturing of fuel and oil handling hoses, gaskets and seals. Its resistance to abrasion and ability to withstand range of temperatures also makes it an ideal for use in production of disposable gloves in healthcare industry. Nitrile butadiene rubber’s versatility extends to the production of molded goods and footwear. The physical and chemical properties of nitrile butadiene rubber can be varied by adjusting the acrylonitrile content which allows it to meet specific performance requirements.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nitrile butadiene rubber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting nitrile butadiene rubber price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nitrile butadiene rubber price charts ensure our clients remain at the forefront of the industry.