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Nitrile Butadiene Rubber (NBR) Powder Market Size

  • Report ID: GMI2480
  • Published Date: Jun 2020
  • Report Format: PDF

Nitrile Butadiene Rubber Powder Market Size

Nitrile Butadiene Rubber (NBR) Powder Market size was USD 697.8 million in 2019 and will grow at a CAGR of over 7.2% and reach USD 698.4 million in 2026. Minimal increase in the market size in 2026 as compared to 2019 is due to the considerable drop of NBR powder demand in 2020 due to COVID-19 implications. However, increasing construction activities will drive the market over the study timeframe.

 

NBR power is the granulate form of nitrile butadiene rubber i.e., an unsaturated copolymer of 2-propenenitrile and several butadiene monomers. The product provides high resistance to chemicals, oils, fatigue and abrasion, which makes it one of the key components for frictional compounds.

 

Swelling demand from various end-user industries, such as automotive, construction, footwear, consumer goods, etc., will positively influence its demand for PVC modification. It offers elastomeric properties to PV  blends, that enhances their flexibility and applicability across various end-use sectors. NBR power imparts several desirable properties such as impact resistance, low temperature flexibility, wear resistance, resistance to oil, chemical & grease, etc. that will further drive the nitrile butadiene rubber powder market growth for various end products.

 

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The valuation of nitrile butadiene rubber powder market in the year 2019 was USD 697.8 million.

The overall nitrile butadiene rubber powder market is anticipated to record a crcr of 7.2% through 2026

According to the report published by Global Market Insights Inc., the NBR powder market is supposed to attain $698.4 million by 2026.

Increasing use of frictional material in automotive sector and rising usage of seals, gaskets and adhesives in various end-user industries are major factors expected to drive the growth of global market.

Lanxess, LG Chem, Zeon Chemicals, Nitriflex S.A., OMNOVA Solutions, Taprath Polymers Pvt. Ltd., Huangshan Hualan Technology Co. Ltd, JSR Corporation, Nabco Microtech are some of the top contributors in the industry.

The automotive industry segment registered a major market share in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

Nitrile Butadiene Rubber Powder Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 9
  • Tables & Figures: 301
  • Countries covered: 21
  • Pages: 350
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