Fast Curing Nitrile Butadiene Rubber (NBR) Market Size (2024 - 2029)

The fast curing nitrile butadiene rubber market is projected to experience growth driven by demand from the automotive manufacturing sector and a positive outlook for industrial activities. However, the market's expansion is challenged by environmental regulations limiting phthalate use in formulations and the impact of the COVID-19 pandemic. The automotive segment is anticipated to lead in application due to the need for products with rapid curing rates to address mold fouling concerns. The Asia-Pacific region is identified as the largest and fastest-growing area, fueled by consumption in countries like China, South Korea, India, and Japan.

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

Fast Curing Nitrile Butadiene Rubber (NBR) Market-Market Summary
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

Fast Curing Nitrile Butadiene Rubber (NBR) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Fast Curing Nitrile Butadiene Rubber Industry Segmentation

The Fast Curing Nitrile Butadiene Rubber (NBR) Market report includes:

Product Type
Adhesives & Sealants
Belts & Cables
Foamed Products
Gloves
Hoses
Molded & Extruded Products
Rubber Compounds
Seals & O-Rings
Others
Application
Automotive
Construction
Industrial
Medical
Mining
Oil & Gas
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Fast Curing Nitrile Butadiene Rubber (NBR) Market Size Summary

The fast curing nitrile butadiene rubber (NBR) market is poised for significant growth, driven primarily by the robust demand from the automotive manufacturing sector and a positive outlook for industrial activities. The automotive industry, in particular, is expected to dominate the application segment due to increasing concerns over mold fouling during polymer processing, which necessitates the use of fast curing NBR. This material is crucial in the production of tires and non-tire applications, offering properties such as high strength, abrasion resistance, and excellent cost/performance ratio. Despite these growth drivers, the market faces challenges from environmental regulations restricting phthalate use in NBR formulations and the lingering impacts of the COVID-19 pandemic.

Regionally, Asia-Pacific is anticipated to be the largest and fastest-growing market, fueled by rapid urbanization and construction activities in countries like China, South Korea, Japan, and India. The Chinese automotive manufacturing industry, the largest globally, is expected to further bolster market growth through initiatives like 'Made in China 2025', which aims to enhance manufacturing capabilities. Additionally, the construction sector in India is experiencing significant growth, supported by government initiatives and foreign direct investment. The demand for fast curing NBR is also expected to rise due to its application in disposable gloves, which gained popularity during the COVID-19 pandemic for their low risk of contamination. The market is characterized by partial fragmentation, with major players such as ARLANXEO, KUMHO PETROCHEMICAL, TSRC, JSR Corporation, and LG Chem holding substantial market shares.

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Fast Curing Nitrile Butadiene Rubber (NBR) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Significant Demand from Automotive Manufacturing Segment

      2. 1.1.2 Favorable Outlook for the Industrial Activities

    2. 1.2 Restraints

      1. 1.2.1 Restrictions on Use of Phthalates in NBR Formulations and Regulations on Rubber Manufacturing

      2. 1.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Adhesives & Sealants

      2. 2.1.2 Belts & Cables

      3. 2.1.3 Foamed Products

      4. 2.1.4 Gloves

      5. 2.1.5 Hoses

      6. 2.1.6 Molded & Extruded Products

      7. 2.1.7 Rubber Compounds

      8. 2.1.8 Seals & O-Rings

      9. 2.1.9 Others

    2. 2.2 Application

      1. 2.2.1 Automotive

      2. 2.2.2 Construction

      3. 2.2.3 Industrial

      4. 2.2.4 Medical

      5. 2.2.5 Mining

      6. 2.2.6 Oil & Gas

      7. 2.2.7 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Fast Curing Nitrile Butadiene Rubber (NBR) Market Size FAQs

The Fast Curing Nitrile Butadiene Rubber (NBR) Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

ARLANXEO, KUMHO PETROCHEMICAL, TSRC, JSR Corporation and LG Chem are the major companies operating in the Fast Curing Nitrile Butadiene Rubber (NBR) Market.

Fast Curing NBR Market Report Snapshots

Fast Curing Nitrile Butadiene Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)