Nitrile Rubber Price Trend and Forecast

Nitrile Rubber Regional Price Overview

Get the latest insights on price movement and trend analysis of Nitrile Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Nitrile Rubber Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Nitrile Rubber Chemicals China 2135 USD/MT March 2024
Nitrile Rubber Chemicals South Korea 2057 USD/MT March 2024

Stay updated with the latest Nitrile Rubber prices, historical data, and tailored regional analysis

Nitrile Rubber Price Trend for the Second Half of 2023


The Asian nitrile rubber prices kept on the lower end of the pricing spectra during the H2 of 2023. The cause of concern for the traders came from the limited cost support from the overseas and domestic downstream industries.

Nitrile Rubber Price Chart

Nitrile Rubber Price Trends and Forecast

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The lagging Chinese economy and the declining cost of feedstock materials also projected dim sentiments of the nitrile rubber market, resulting in an acute decline of Chinese nitrile rubber spot prices from approximately 2055 USD/MT at the beginning of H2 to 2035 USD/MT in December’23.


The bearish tone of the nitrile rubber price trend during the third and fourth quarters of 2023 in the European countries was based on the decline in the new projects of the automotive and construction sectors. Additionally, lowering of the operation costs due to a fall in the prices of feedstock materials and the slow recovery of the European economy from the avalanches of COVID-19, the Russia-Ukraine conflict, and the ongoing Israel-Hamas war eventually prevented any uptick in the movement of the nitrile rubber price trend.

North America

In North America, given the weak dynamics of the downstream automotive and rubber industries, the traders opted for destocking activities during the third quarter. They did so in anticipation of stabilizing the pricing trajectory of nitrile rubber, but the low number of inquiries from the domestic and international industries and the excessive influx of overseas produce, along with the decline in the cost of crude oil, resulted in the downfall of nitrile rubber prices.

Analyst Insight

According to Procurement Resource, the price trend of Nitrile Rubber is expected to keep on declining as the outlook of the downstream industries does not seem favorable for the nitrile rubber market.

Nitrile Rubber Price Trend for the First Half of 2023


The first two quarters of 2023 witnessed an uneven trend in the prices of nitrile rubber due to various reasons. In the first quarter, the initial months enjoyed the support of the upstream industries and high demand for nitrile rubber as, however, the automotive sector still struggled to find its pace. But in the second half of this quarter, the declining cost of freight, consistent supply, and weak demand played their part in pushing the price trend of nitrile rubber in the negative direction.

A similar trend was observed in the second quarter, too, as the trend inclined first and then took a dive. Initially, the surge in automotive sales supported the prices, but the weak economy and overall slowdown of the Asian market led to the southward movement of the nitrile rubber prices, which was indicated in figures also as the spot prices in China declined by almost 11% from Jan’23 to Jun’23.


The pattern of volatility observed in the Asia-Pacific markets of nitrile rubber was also seen in the European countries. In the first and second quarters of 2023, strict monetary policies, plunging economic conditions, and rising inflation challenged the price trend of nitrile rubber in the initial months. In addition to this, as the quarter progressed, the pressure of inflation increased gradually, and the rate of consumption, rising inventory levels, and low freight charges escalated the challenges.

North America

The first quarter proved to be fruitful for the price trend of nitrile rubber as the prices inclined with the rising demand from the downstream automotive sector and export rates. During the first quarter, the economy of the region was able to support this growth in prices, but in the second quarter, the weak performance of the economy made the incline in nitrile rubber difficult. This condition led to the rise in inflation and interest rates charged by banks, hampering the overall sentiments of the nitrile rubber market.

Analyst Insight

According to Procurement Resource, the price trend of Nitrile Rubber is expected to follow an uneven trend as the performance of the automotive sector and other related industries is dependent on the condition of the global economy.

Procurement Resource provides latest prices of Nitrile Rubber. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Nitrile Rubber

Nitrile rubber, also known as Buna-N, is a synthetic rubber copolymer of acrylonitrile and butadiene. Because of its excellent tensile strength, temperature resistance and elastic properties, it has wide applications in various industries like the automotive, aerospace, and medical industries.

Nitrile Rubber Product Details

Report Features Details
Product Name Nitrile Rubber
Industrial Uses Automotive, aerospace, motorsport, Medical industry, Footwear, sealing and gasketing
Chemical Formula (H 2 C=CH-CN)
HS Number 40081190
CAS Number 9005-98-5
Synonyms Buna-N, nitrile butadiene rubber
Molecular Weight 108.18 g/mol
Supplier Database Lanxess AG, Kumho Petrochemical Co., Ltd, Zeon Chemicals, SIBUR, 
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Nitrile Rubber Production Processes

The copolymerization of acrylonitrile and butadiene produces nitrile rubber. Acrylonitrile and butadiene are first emulsified in water and then polymerized via free radical initiators forming the nitrile rubber polymer.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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