Market Size of Fast Curing Nitrile Butadiene Rubber (NBR) Industry
| 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.
