Uploaded on Jun 5, 2020
Fast Curing Nitrile Butadiene Rubber Market
Fast Curing Nitrile Butadiene Rubber Market
Fast Curing Nitrile Butadiene
Rubber Market
Set to Exceed USD 678 million by 2026 | CAGR 4.3%
“Fast Curing Nitrile Butadiene Rubber Market By
Application (Cables, Hoses, Rubber Compounds,
Adhesives & Sealants, Belts, Molded and Extruded
Products, Others) By End-User (Automotive,
Healthcare, Mining, Construction, Oil and Gas,
Others) By Region, Segments & Forecast, 2018 -
2026”
Fast Curing Nitrile Butadiene Rubber Market Estimate & Forecast to 2026
Fast Curing Nitrile Butadiene Rubber industry is estimated to be worth USD 678 million by
2026. Automotive segment was the dominant regional market, in terms of revenue
generation. Asia-Pacific is expected to be the leading contributor to the global market
revenue during the forecast period.
The growing automotive industry, rapid industrialization, and modernization of vehicles
drive the growth of this market. The growth in global automotive industry and increasing
average life of vehicles has resulted in market growth. The increasing use of the product for
production of V belts, O-rings, fuel hoses, seals, and other products in the automobiles
industry boosts the market growth.
Fast curing nitrile butadiene rubber is also majorly used in aeronautical applications owing to
its ability to withstand a wide range of temperatures. This rubber is also used in molded
products, adhesives, gaskets, footwear, sealants, and sponges among others. The increasing
application in manufacturing of automotive products, and growing demand for vehicles drive
the growth of the market. Rapid industrialization, rising automobile production, and
modernization of industrial machinery further boost the growth of the market.
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Fast Curing Nitrile Butadiene Rubber Market Scope
By Application By End-User By Region Report Attributes
Cables Automotive North America Historic year: 2015-2016
Hoses Healthcare Europe Base year: 2017
Rubber Compounds Mining Asia Pacific Forecast Year: 2018-2026
Adhesives & Sealants Construction Latin America Middle East Revenue (USD Million)
Belts Oil and Gas & Africa
Molded and Extruded Products Others
Others
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Fast Curing Nitrile Butadiene Rubber Market Estimate & Forecast to 2026
The increasing use of product for production of V belts, O-rings, fuel hoses, seals, and other
products in the automotive industry boosts the market growth. Increasing requirement from
emerging economies, technological advancements, and growing adoption of green
technology are the factors that are anticipated to offer numerous opportunities over the
forecast period.
Asia-Pacific generated was the largest regional market in 2017. The increasing demand for
automotive in the region coupled with rising disposable income drives the market growth in
the region. The rapid industrialization in China, Japan, and India, along with increasing
demand from construction, mining, and oil and gas industries would support market growth
during the forecast period. The modernization of vehicles, and technological advancements
would boost the market growth.
The well-known companies profiled in the report include LG Chemicals, JSR Corporation,
Lanxess AG, Zeon Chemicals, Kumho Petrochemical Co., Ltd., Huangshan Hualan
Technology, PetroChina Company Limited, and BASF SE among others.
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