Market Overview

Report Predicts U.S. NBR Powder Market to hit USD 60 Million by 2024

Share:

Report Predicts U.S. NBR Powder Market to hit USD 60 Million by 2024

The North American NBR powder market which majorly includes U.S. will surpass USD 60 million by the end of 2024 owing to presence of huge automotive industry in the region. Europe will witness growth at a slower rate than North America due to stringent regulations

PR Newswire

SELBYVILLE, Del., May 15, 2018 /PRNewswire-iReach/ -- PVC modifications is the largest applications segment in the global NBR powder market owing to its huge applications in the refrigerator sealings, PVC hose, and other low temperature resistant products. Presence of giant industries in Asia-Pacific & North America, led by the U.S. & China will drive the product segment demand in the respective regions. The U.S. PVC modification segment for nitrile butadiene rubber powder market is estimated to surpass USD 20 million by the end of the forecast period.

Nitrile Butadiene Rubber (NBR) Powder Market size globally will surpass USD 600 million by 2024. Nitrile rubber powder market is majorly driven by the rapid usage of adhesives, gaskets, and sealants in industries such as marine, aerospace, rail and refinery, packaging, automotive and others consume seals and gaskets. Adhesives are extensively used in industries such as packaging, automotive, construction, footwear and furniture. New regulations in automotive & aerospace industries regarding use of lightweight materials to increase the overall efficiency will drive the adhesives, sealants and gaskets demand in future.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2480

Phthalates are cost effective esters and generally find usage in NBR compound as it enhances the low temperature performance. The di(2-ethylhexyl) phthalate (DEHP) was the most commonly used ester earlier, however with advent of newly formed regulations in Europe and North America regarding restricted usage of this ester, the market of nitrile rubber powder can be seen to grow at a reduced rate than expected.

The 0.70 – 1.00 mm particle size segment of nitrile rubber powder market is forecasted to grow at a fastest CAGR owing to industry acceptance of 1 mm maximum size in dust particles. The segment is said to grow with leaps and bounds to secure a second position in the NBR powder market with a share of over 15% by the end of 2024.

China made linear grade NBR powder market is said to grow considerably to surpass USD 17 million by the end of 2024. The product grade finds major application in gaskets, seals, hoses among others. Automotive industry is one of the major drivers for this segment in the Asia Pacific region. In 2017, new vehicle sales in China and India accounted for over 29 million and 4 million respectively.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2480

Construction industry in Asia Pacific region, led by China, Japan, and India accounted for over USD 4 trillion in 2016. Growth in construction and infrastructural development in the Asia Pacific region will spur the NBR powder market in future years. The NBR powder demand in construction end use segment in China will grow with a CAGR close to 7% to capture over 15% market share by 2024. In terms of volume, the automotive sector holds the highest market share and is expected to grow with a CAGR of over 5.5% from 2017 to 2024.

Key nitrile rubber powder market players functioning in the industry include Nitriflex, Zeon Chemicals, Lanxess, LG Chem, Taprath Polymers, and Omnova Solutions among others. Zeon Chemicals recently launched a new range of NBR elastomers which has oil and solvent resistance properties. The new range offers great balance of cost and performance for the most challenging chemical, heat, and oil applications.

Browse key industry insights spread across 350 pages with 416 market data tables & 24 figures & charts from the report, "Nitrile Butadiene Rubber (NBR) Powder Market Size By Particle Size (Less Than 0.075, 0.075 – 0.15, 0.15 – 0.30, 0.30 – 0.70, 0.70 – 1.00), By Grade (Pre-cross Linked, Cross Linked, Linear), By Application (Water Resistant Products, Adhesives, Abrasion Resistant Compounds, PVC Modifications, Friction Materials), By End-user (Automotive, Construction, Footwear, Consumer Goods), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

https://www.gminsights.com/toc/detail/nitrile-butadiene-rubber-nbr-powder-market

NBR powder market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

  • Nitrile Butadiene Rubber (NBR) Powder Market, By Particle Size
  • Less than 0.075 mm
  • 0.075 – 0.15 mm
  • 0.15 – 0.30 mm
  • 0.30 – 0.70 mm
  • 0.70 – 1.00 mm
  • NBR Powder Market, Grade By Application
  • Pre-cross Linked
  • Water Resistant Products
  • Adhesives
  • Abrasion Resistant Compounds
  • PVC Modifications
  • Friction Materials
  • Others
  • Cross Linked
  • Water Resistant Products
  • Adhesives
  • Abrasion Resistant Compounds
  • PVC Modifications
  • Friction Materials
  • Others
  • Linear
  • Water Resistant Products
  • Adhesives
  • Abrasion Resistant Compounds
  • PVC Modifications
  • Friction Materials
  • Others
  • NBR Powder Market, By Application
  • Water Resistant Products
  • Adhesives
  • Abrasion Resistant Compounds
  • PVC Modifications
  • Friction Materials
  • Others
  • Nitrile Butadiene Rubber (NBR) Powder Market, By End-user
  • Automotive
  • Construction
  • Footwear
  • Consumer Goods
  • Others
  • The above information is provided on a regional and country basis for the following:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Browse Related News:

https://www.fractovia.org/news/industry-research-report/nitrile-butadiene-rubber-nbr-powder-market 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Global Market Insights, Inc.

View Comments and Join the Discussion!