The global fast curing 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.
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Research:
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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-fast-curing-nitrile-butadiene-rubber-nbr-market
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.
