Fast Curing Nitrile Butadiene Rubber Market To Reach $1,188.6 Million By 2030

Fast Curing Nitrile Butadiene Rubber Market Growth & Trends

The global fast curing nitrile butadiene rubber market size is expected to reach USD 1,188.6 million by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Favorable outlook for the automotive manufacturing sector in emerging economies such as China, India, and Mexico, as a result of increasing domestic consumption of four-wheeler vehicles, is expected to promote the market growth. Furthermore, the rising demand for lightweight automotive materials with excellent mechanical strength on account of shifting preference from metal to polymers amid the growing importance of driver comfort and aesthetics characteristics is expected to keep high penetration of the application over the next eight years.

Oil & gas is projected to foresee volume growth at a predicted CAGR of 3.7% from 2017 to 2025. The upscaling requirements of consumables and products for sensitive conditions concerning temperature and pressure fluctuations are expected to play a crucial role in increasing the activity about high-temperature molding. This trend is projected to promote the usage of fast curing NBR products in the form of hoses, seals, and O-rings in the petroleum industry.

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Fast Curing Nitrile Butadiene Rubber Market Report Highlights

• Hoses accounted for the largest market revenue share of 17.0% in 2023. Fast curing NBR hoses resist abrasion, weathering, and chemical exposure, which are essential for the demanding conditions of construction sites and infrastructure projects.

• Automotive accounted for the largest market revenue share in 2023. As the automotive industry transforms with the rise of EVs and the development of advanced engine technologies, there is a growing need for specialized rubber components that can withstand new operating conditions.

• Asia Pacific fast curing nitrile butadiene rubber market accounted for the largest market revenue share of 60.7% in 2023 due to rapid industrialization, urbanization, and a booming automotive sector.

• Key industry participants include Lanxess, JSR, Kumho Petrochemicals and Zeon Chemicals. Product innovation and the establishment of a strategic partnership with buyers are expected to remain critical success factors for the industry participants.  

Fast Curing Nitrile Butadiene Rubber Market Segmentation

Grand View Research has segmented the global fast curing nitrile butadiene rubber market on the basis of on product, application, and region:

Fast Curing Nitrile Butadiene Rubber Product Outlook (Revenue, USD Million, 2018 - 2030) (Volume, Kilotons)

• Hoses

• Cables

• Belts

• Molded & Extruded Products

• Seals & O-rings

• Rubber Compounds

• Adhesives & Sealants

• Gloves

• Foamed Products

• Others

Fast Curing Nitrile Butadiene Rubber Application Outlook (Revenue, USD Million, 2018 - 2030) (Volume, Kilotons)

• Automotive

• Mechanical Engineering

• Oil & Gas

• Metallurgy & Mining

• Construction

• Medical

Fast Curing Nitrile Butadiene Rubber Regional Outlook (Revenue, USD Million, 2018 - 2030) (Volume, Kilotons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

  • South Africa

  • Kuwait

Key Players in the Fast Curing Nitrile Butadiene Rubber Market

• LANXESS AG

• Zeon Corporation

• Kumho Petrochemical Co., Ltd.

• Nitriflex S.A.

• LG Chem Ltd.

• JSR Corporation

• SIBUR Holding

• Versalis S.p.A.

• OMNOVA Solutions Inc.

• Shin-Etsu Chemical Co., Ltd.

• Synthos S.A.

• PetroChina Company Limited

• Trinseo S.A.

• Trelleborg AB

• ARLANXEO Holding B.V.