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Fast curing NBR Market Size, Share & Industry Analysis By Type (Bimodal, Liquid, Carboxylated), By Application (Hoses, Belts, Cables, Molded & Extruded Products, Seals & O-rings, Rubber Compounds, Adhesives & Sealants, Gloves, Foamed Products), By End Use (Automotive, Mechanical Engineering, Oil & Gas, Metallurgy & Mining, Construction, Medical, Others) and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI102898 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

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.


Market Segmentation:


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.


Key Players Covered:


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.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the fast curing NBR

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


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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.


Segmentation


























 ATTRIBUTE


 DETAILS

By Type




  • Bimodal

  • Liquid

  • Carboxylated



By Application




  • Hoses

  • Belts

  • Cables

  • Molded & Extruded Products

  • Seals & O-rings

  • Rubber Compounds

  • Adhesives & Sealants

  • Gloves

  • Foamed Products

  • Others



By End Use




  • Automotive

  • Mechanical Engineering

  • Oil & Gas

  • Metallurgy & Mining

  • Construction

  • Medical

  • Others



By Geography




  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Ethylene Copolymer Industry Developments



  • In 2019, Sibur and Sinopec enter into joint venture for the manufacture of NBR. The parties have signed a technology license agreement to use Sibur's NBR manufacturing technologies at the new facility promising that Sibur's experts will assist in developing the development and commercial operations of the new facility.

  • In July 2016, Lanxess unveiled new NBR classes, and introduced two new low-temperature HNBR elastomers: Therban LT 1707 and LT 1757.

  • In September 2015, ZEON Corp. formed a unit in Haryana, India. This growth has helped the company as India's rubber industry is rapidly expanding. The unit looks after ZEON goods, including NBR, are manufactured and distributed & marketed.

  • In April 2016, LANXESS and Saudi Aramco (Saudi Arabia) have reached an agreement to form a joint venture for the manufacture of synthetic rubber. All the firms signed a 50:50 joint partnership to form a corporation called ARLANXEO. The company is involved in synthetic rubbers through this joint venture, including NBR and elastomer products.


  • Ongoing
  • 2021
  • 2018-2020

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