Fast Curing Nitrile Butadiene Rubber Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players-market/fast-curing-nitrile-butadiene-rubber-(nbr)-market_1593437374706_Key_PLayers.webp)
*Disclaimer: Major Players sorted in no particular order |
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Fast Curing Nitrile Butadiene Rubber Market Analysis
The market for fast curing nitrile butadiene rubber (nbr) is expected to grow at a CAGR of around 6% globally. Major factor driving the market studied is the significant demand from automotive manufacturing segment, along with favorable outlook for the industrial activities. On the flip side, restrictions on use of phthalates in NBR formulations and other environmental regulations on rubber manufacturing and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
- The automotive segment is expected to dominate the application segment of the global fast curing nitrile butadiene rubber market owing to rising concerns over mold fouling during polymer processing in automotive industry is anticipated to force buyers to procure products with fast curing rates.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, South Korea, India, and Japan.
Fast Curing Nitrile Butadiene Rubber Market Trends
This section covers the major market trends shaping the Fast Curing Nitrile Butadiene Rubber Market according to our research experts:
Significant Demand from Automotive Manufacturing Segment
- NBR is employed in tires and non-tire applications in the automotive industry. Tires are expected to sustain different weather and surface conditions while meeting the stringent safety norms laid by various countries. The rising demand for tires offering a smoother and quieter ride with better fuel efficiency has compelled manufacturers to use fast curing NBR.
- The tires made from NBR are widely used in military vehicles and heavy-duty vehicles. It is also used in coated tire cord fabrics providing fundamental properties such as controlled deformation, high strength, high affinity, and abrasion resistance.
- Fast curing NBR is also deployed in molded rubber parts including seals (or rubber-to-metal composites), interior membranes, vibration dampers and hoses of passenger and commercial vehicles.
- Fast cured seals are expected to find applications in hydraulic engines where oil resistance is one of the major concerns among buyers in automotive, construction and manufacturing sectors.
- The product is used on account of providing exceptional properties including excellent cost/performance ratio, high compression modulus and good sealing force retention. Therefore, significant rise in automobile production globally is expected to be a key driving force.
Asia Pacific Region to Dominate the Market
- Asia-Pacific is anticipated to witness the highest CAGR during the period on account of rapid urbanization and construction activities from countries like China, South Korea, Japan, and India.
- The construction industry in India has been growing rapidly with an increased investment in the sector by the government. The Indian government's 'Housing for All by 2022' is a key initiative for the industry. A cumulative total of USD 24.67 billion foreign direct investment has been made for the construction activities (including townships, built-up infrastructure, and construction- development projects) in the country, for the period April 2000 to December 2017.
- Disposable gloves are anticipated to foresee volume growth during the period owing to outbreak of COVID-19. The use of disposable gloves which are used on a single patient is quite popular owing to low risk of contamination. These products are based on polymers including latex, rubber, nitrile rubber, neoprene and vinyl which are capable of protecting patients and physicians from cross-contamination during medical examinations.
- The Chinese automotive manufacturing industry is the largest in the world. The 'Made in China 2025' initiative is anticipated to support the upgrade of the existing low-cost mass production to higher value-added advanced manufacturing which in turn will boost market growth for fast curing NBR.
- Due to the aforementioned factors, the demand for fast curing nitrile butadiene rubber market is expected to increase in the region during the forecast period.
Fast Curing Nitrile Butadiene Rubber Industry Overview
The Global Fast Curing Nitrile Butadiene Rubber (NBR) Market is partially fragmented in nature with a few major players dominating a significant portion of the market. Some of the major companies are ARLANXEO, KUMHO PETROCHEMICAL, TSRC, JSR Corporation and LG Chem and among others.
Fast Curing Nitrile Butadiene Rubber Market Leaders
ARLANXEO
KUMHO PETROCHEMICAL
TSRC
JSR Corporation
LG Chem
*Disclaimer: Major Players sorted in no particular order
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Fast Curing Nitrile Butadiene Rubber Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Significant Demand from Automotive Manufacturing Segment
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4.1.2 Favorable Outlook for the Industrial Activities
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4.2 Restraints
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4.2.1 Restrictions on Use of Phthalates in NBR Formulations and Regulations on Rubber Manufacturing
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4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Adhesives & Sealants
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5.1.2 Belts & Cables
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5.1.3 Foamed Products
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5.1.4 Gloves
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5.1.5 Hoses
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5.1.6 Molded & Extruded Products
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5.1.7 Rubber Compounds
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5.1.8 Seals & O-Rings
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5.1.9 Others
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5.2 Application
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5.2.1 Automotive
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5.2.2 Construction
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5.2.3 Industrial
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5.2.4 Medical
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5.2.5 Mining
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5.2.6 Oil & Gas
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5.2.7 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%) /Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Apcotex Lattices Limited
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6.4.2 ARLANXEO
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6.4.3 China Petroleum & Chemical Corporation (Sinopec)
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6.4.4 Grupo Dynasol
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6.4.5 JSR Corporation
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6.4.6 KUMHO PETROCHEMICAL
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6.4.7 Lanxess AG
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6.4.8 LG Chem
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6.4.9 Synthos S.A.
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6.4.10 TSRC
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6.4.11 Versalis S.p.A.
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6.4.12 Zeon Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Fast Curing Nitrile Butadiene Rubber Industry Segmentation
The Fast Curing Nitrile Butadiene Rubber (NBR) Market report includes:
| Product Type | |
| Adhesives & Sealants | |
| Belts & Cables | |
| Foamed Products | |
| Gloves | |
| Hoses | |
| Molded & Extruded Products | |
| Rubber Compounds | |
| Seals & O-Rings | |
| Others |
| Application | |
| Automotive | |
| Construction | |
| Industrial | |
| Medical | |
| Mining | |
| Oil & Gas | |
| Others |
| Geography | |||||||
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Fast Curing Nitrile Butadiene Rubber Market Research FAQs
What is the current Fast Curing Nitrile Butadiene Rubber (NBR) Market size?
The Fast Curing Nitrile Butadiene Rubber (NBR) Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in Fast Curing Nitrile Butadiene Rubber (NBR) Market?
ARLANXEO, KUMHO PETROCHEMICAL, TSRC, JSR Corporation and LG Chem are the major companies operating in the Fast Curing Nitrile Butadiene Rubber (NBR) Market.
Which is the fastest growing region in Fast Curing Nitrile Butadiene Rubber (NBR) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fast Curing Nitrile Butadiene Rubber (NBR) Market?
In 2024, the North America accounts for the largest market share in Fast Curing Nitrile Butadiene Rubber (NBR) Market.
What years does this Fast Curing Nitrile Butadiene Rubber (NBR) Market cover?
The report covers the Fast Curing Nitrile Butadiene Rubber (NBR) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fast Curing Nitrile Butadiene Rubber (NBR) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fast Curing Nitrile Butadiene Rubber (NBR) Industry Report
Statistics for the 2024 Fast Curing Nitrile Butadiene Rubber (NBR) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fast Curing Nitrile Butadiene Rubber (NBR) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
