Fast Curing Nitrile Butadiene Rubber Market: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024
Fast Curing Nitrile Butadiene Rubber is majorly used in aeronautical applications owing to its ability to withstand a wide range of temperatures. It also offers other properties such as high oil resistance, improved performance, high compression modulus, and high sealing force retention. The demand for fast curing nitrile butadiene rubber has increased in production of molded products, adhesives, gaskets, footwear, sealants, and sponges among others.
Fast Curing Nitrile Butadiene Rubber Market was valued at USD 678 million in 2017 to reach USD 678 Million in 2026 and is anticipated to grow at a CAGR of 4.7% during the forecast period.
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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 Fast Curing Nitrile Butadiene Rubber Market growth during the forecast period. The modernization of vehicles, and technological advancements would boost 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 Fast Curing Nitrile Butadiene Rubber Market.
The leading companies profiled in Fast Curing Nitrile Butadiene Rubber Market report include: -
- LG Chemicals
- JSR Corporation
- Lanxess AG
- Zeon Chemicals
- Kumho Petrochemical Co.
- Huangshan Hualan Technology
- PetroChina Company Limited
- BASF SE
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The increasing use of product for production of V belts, O-rings, fuel hoses, seals, and other products in the automotive industry boosts the Fast Curing Nitrile Butadiene Rubber 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.
Other driving factors include rising applications in molded and extruded products, and increasing demand from construction, mining, and medical applications. Rising demand from the emerging nations, and technological advancements is anticipated to provide numerous growth opportunities to the Fast Curing Nitrile Butadiene Rubber Market players during the forecast period.
Table of Content of Fast Curing Nitrile Butadiene Rubber Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3. Fast Curing Nitrile Butadiene Rubber Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!!
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on Friday November 16 2018, 9:09 AM EST.
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