San Francisco, 03 January , Fast Curing Nitrile Butadiene Rubber (NBR)
Market Analysis By Product (Hoses, Cables, Belts, Seals & O-rings, Rubber
Compounds, Adhesives & Sealants, Gloves, Foamed Products), By Application,
And Segment Forecasts, 2018 - 2025
The global fastcuring nitrile butadiene rubber (NBR) market is expected to reach approximately USD 581.2
million by 2025, according to a new report conducted by Grand View Research,
Inc. Favorable outlook for the automotive manufacturing sector in emerging
economies such as China, India, and Mexico, as a result of increasing domestic
consumption of four-wheeler vehicles, is expected to promote the market growth.
Furthermore, the rising demand for lightweight automotive materials with
excellent mechanical strength on account of shifting preference from metal to
polymers amid the growing importance of driver comfort and aesthetics
characteristics is expected to keep high penetration of the application over
the next eight years.
Oil & gas is projected to
foresee volume growth at a predicted CAGR of 3.7% from 2017 to 2025. The
upscaling requirements of consumables and products for sensitive conditions
concerning temperature and pressure fluctuations are expected to play a crucial
role in increasing the activity about high-temperature molding. This trend is
projected to promote the usage of fast curing NBR products in the form of
hoses, seals, and O-rings in the petroleum industry.
Access Full Research
Report On Fast Curing Nitrile Butadiene Rubber
(NBR) Market Analysis:
Further key findings from the report suggest:
·
Global fast curing NBR demand
was 132.4 kilo tons in 2016 and is expected to reach 181.6 kilo tons by the end
of 2025, expanding at a CAGR of 3.6% from 2017 to 2025.
·
Rising concerns over mold
fouling during polymer processing in automotive, and oil & gas industry is
expected to force the buyers to procure products with fast curing rates.
However, increasing market size of silicone elastomers with good conductive properties
and excellent mechanical characteristics is expected to pose a credible threat
to fast cured polymers over the projected period.
·
Disposable gloves are expected
to foresee volume growth at a CAGR of 3.8% from 2017 to 2025. The introduction
of disposable gloves in developed economies including Germany and the UK which
are used on a single patient became very popular owing to the 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.
·
Asia Pacific is expected to
witness fastest revenue growth at a CAGR of 4.4% from a period of 2017 to 2025.
The government of China announced funding of USD 1.1 trillion for
infrastructure improvement in March 2015. This announcement is expected to
increase the demand for fast curing NBR based sealants.
·
Key industry participants
include Lanxess, JSR, Kumho Petrochemicals and Zeon Chemicals. Product innovation
and the establishment of a strategic partnership with buyers are expected to
remain critical success factors for the industry participants.
Grand View Research has segmented the
global fast curing NBR market on the basis of product, application, and region:
Fast Curing NBR Product Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Hoses
·
Belts
·
Cables
·
Molded & Extruded Products
·
Seals & O-rings
·
Rubber Compounds
·
Adhesives & Sealants
·
Gloves
·
Foamed Products
·
Others
Fast Curing NBR Application
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
Automotive
·
Mechanical Engineering
·
Oil & Gas
·
Metallurgy & Mining
·
Construction
·
Medical
·
Others
Fast Curing NBR Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
CIS
o
Russia
·
Asia Pacific
o
China
o
Japan
·
Central & South America
o
Brazil
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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