The global Fast Curing NBR Market size was USD 502.09 Million in 2021 and is expected to register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data.
Fast Cure Nitrile Butadiene Rubber (NBR) is one of the most valuable polymers treated with a hot curing process. It has properties such as good sealing retention, excellent oil resistance, short curing interval and reduction of mildew in shop floors. The growing importance of high temperature molding by polymer treatment for the production of goods in the construction, oil & gas and automotive industries is expected to drive an increase in market demand.
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Top Leading Players: LG Chemicals, JSR Corporation, Lanxess AG, Zeon Chemicals, Kumho Petrochemical Co., Ltd., Huangshan Hualan Technology, PetroChina Company Limited, BASF SE, Sinopec, and TSRC Corporation, among others.
Key Companies in the market include:
- Molded and extruded products are expected to grow at a rate of 3.6% during the forecast period. Increased investment in high-temperature injection molding for the production of goods related to the construction and automotive industries, due to growing applications in developing countries, is expected to drive demand for this segment.
- Online stores accounted for 26.6% market share in 2019. Products have traditionally been purchased only from physical stores, but due to increasing internet penetration, especially in developing countries, there is slow growth for online stores.
- Construction is expected to grow at a CAGR of 4.1% during the forecast period. This is mainly due to the rapid industrialization of countries such as China, Mexico and India. Demand for products such as gaskets, extrusion and casting products is therefore increasing across regions, driving demand for the construction segment.
- Europe is expected to grow at a CAGR of 3.7% during the forecast period. This is mainly due to the presence of countries such as Germany, Spain, France, Italy and the United Kingdom, where the automotive industry has a strong presence. However, a slowdown in the growth rate of the manufacturing sector in countries such as the UK and Germany is expected to lead to a slowdown in the hardening NBR market in Europe. The Middle East and Africa is expected to grow by 2.2% between 2020-2027. The announcement by the Saudi government of the establishment of new vehicle manufacturing units in the country, which will lead to increased use if NBR rapidly cures in the seal material, is expected to promote market demand in the region.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key questions covered in the global Fast Curing NBR Market report:
- What is the expected market size of the global Fast Curing NBR Market during the forecast period?
- What factors are expected to hamper global Fast Curing NBR Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Offline Stores
- Online Stores
Product Outlook (Revenue, USD Billion; 2019-2030)
- Rivets Hoses
- Belts
- Cables
- Molded and Extruded Products
- Seals and O-rings
- Rubber Compounds
- Adhesives and Sealants
- Gloves
- Foamed Products
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Automotive
- Mechanical Engineering
- Oil & Gas Production
- Mining
- Metallurgical
- Construction
- Medical
- Others
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