Nitrile Butadiene Rubber (NBR)
Powder Market is expected to reach USD 461.8 million by 2020, according to a
new study by Grand View Research, Inc. Increasing modified plastics use in
automobile applications coupled with growing automotive industry is expected to
be a key factor responsible for high NBR powder demand. Increasing NBR powder
use in adhesives, sealants and gasket manufacturing primarily due to high wear
& impact resistance coupled with superior mechanical & thermal
properties is expected to further influence market growth in the next six
years.
Adverse health effect of
phthalates is resulting in reduced NBR powder use in PVC modification.
Increasing use of TPO & TPE as active substitutes is expected to negatively
impact the market over the forecast period. PVC modification was the most
dominant application segment for the NBR powder market with estimated demand of
over 35.0 kilo tons in 2013 and is expected to witness significant reduction in
market share by 2020.
In depth research report on Nitrile Butadiene Rubber (NBR)
Powder Market
Further key findings from the study suggest:
•
Global NBR powder demand was
estimated at 77.7 kilo tons in 2013 and is expected to reach 111.7 kilo tons,
growing at a CAGR of 5.3% from 2014 to 2020.
•
Cross-linked NBR powder is
extensively used in high end automotive applications requiring high durability,
mechanical strength and thermal properties. Growing application segment is
expected to drive cross-linked powder demand over the forecast period. The
segment is expected to witness fastest growth at a CAGR of 5.4% from 2014 to
2020.
•
Automotive application of NBR
powder is expected to witness fastest growth on account of growing automotive
industry in emerging markets including Mexico, China and India. Increasing
automobile demand globally is expected to further promote market growth. The
application segment had an estimated demand of over 20.0 kilo tons in 2013 and
is expected to grow at a CAGR of 5.7% from 2014 to 2020.
•
Asia Pacific was a lucrative
regional market with opportunities in automotive, construction and consumer
goods industries. India and China are among the emerging economies of the world
and hence are witnessing significant growth in the above mentioned industries.
Automobile manufacturers are shifting bases from Europe to China owing to low
cost skilled labor and improving infrastructure resulting in growing automobile
industry thereby impacting the NBR powder market. The region accounted for over
40% of the total market and is expected to witness increased share over the
next six years.
•
NBR market participants such as
Nitriflex, Lanxess AG and LG Chem contribute to a major share resulting in an
oligopolistic market. Companies are focusing on continuous product and
application development which results in high degree of rivalry.
For the purpose of this study,
Grand View Research has segmented the global NBR powder market on the basis of
product, application and region:
NBR Powder Product Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2020)
•
Linear
•
Cross-linked
NBR Powder Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
•
PVC Modification
•
Automotive
•
Buildings
•
Footwear
•
Consumer Goods
•
Others
NBR Powder Regional Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2020)
•
North America
•
Europe
•
Asia Pacific
•
RoW
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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