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Nitrile butadiene rubber (NBR), widely referred to also as Buna-N, is typically made from hydrocarbons.. It is a type of synthetic rubber, which is a butadiene and acrylonitrile copolymer. For this, for case of fast curing of NBR, the healing process is simple. Rapid curing of nitrile butadiene rubber also has the potential to tolerate a wide range of temperatures from -40 ° C to 107 ° C, making it ideal for use in aeronautics. Because its physical and chemical properties differ depending on the concentration of nitrile in the material, this type of synthetic rubber is unusual in being typically oil, fuel and other chemicals resistant.
A main factor that greatly impacts the worldwide demand for fast curing nitrile butadiene rubber is that the growth of the worldwide marketplace for automobiles. Automobiles may be a major end-use segment of the fast-curing rubber industry for nitrile butadiene. For the manufacture of O-rings, V belts, seals, fuel hoses, and other items employed in the automotive industry, the fast curing nitrile butadiene rubber is employed.
Key Market Driver -
Expansion of the global automobiles market along with increased application in automobile sector is driving the market
Key Market Restraint -
Fluctuating prices of the raw materials restrain the market growth
However, fluctuating prices of the raw materials hamper the market growth of the product. Because of the changing supply-demand situation crude oil may be a extremely unpredictable asset. Any imbalance in crude demand and provide therefore affects its pricing and eventually contributes to volatility in its global market prices. Crude oil market instability also influences the prices of refining materials, like propylene and butadiene.
Based on type, the market for fast curing NBR further segmented into bimodal, liquid and carboxylated. Based on application, the market for fast curing NBR further segmented into hoses, belts, cables, molded & extruded products, seals & o-rings, rubber compounds, adhesives & sealants, gloves, foamed products and others. Based on end use, the market is segmented into automotive, mechanical engineering, oil & gas, metallurgy & mining, construction, medical and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global fat curing NBR is fairly fragmented, with a number of global & regional players operating. Some of the key players in the fat curing NBR market includes Lanxess AG, JSR Corporation, Zeon Chemicals, LG Chemicals, Kumho Petrochemicals, Eni Versalis, Nitriflex, ARLANXEO, Sinopec, SIBUR Holding and others.
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In terms of Geography, the market for fast curing NBR is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific has dominated the fast curing NBR market, both in terms of volume and pricing. In fact, during the forecast era Asia Pacific is also expected to be the fastest-growing market. Growing demand for NBR from the automotive & transportation, medical, manufacturing, and other industries in countries like China and Japan are driving the Asia Pacific industry. Owing to expanded use in the medical industry North America has seen substantial progress. Due to its cost-effectiveness, fast curing NBR is increasingly being used in the manufacture of medical gloves, thereby fueling market growth in this field. Europe has a prominent market share due to the increasing investment in this region's automobile & aviation, manufacturing and medical industries. Latin America and Middle East shows sluggish growth due to the availibility of substitutes.
By End Use
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