Home > Pressrelease > Nitrile Butadiene Rubber (NBR) Powder Market to exceed $698.4 Million by 2026

Nitrile Butadiene Rubber (NBR) Powder Market to exceed $698.4 Million by 2026

  • Published Date: June 17, 2020

According to a new research report by Global Market Insights Inc., the Nitrile Butadiene Rubber (NBR) Powder Market size to exceed USD 698.4 million by 2026. Rising industrial expenditure coupled with improving economic conditions in other developed countries are also driving product demand.

NBR powder provides elastomeric properties to PVC blends in order to enhance flexibility and applicability. The product imparts several desirable properties in the product such as impact resistance, low temperature flexibility, wear resistance, resistance to oil, chemical & grease, etc.

The product quality plays an important role in its application as a regular powder structure assists in even distribution of resin compounds, enhancing the final product properties. In dry applications, such as manufacturing of brake pads and linings, evenly shaped particles are preferred for their higher heat resistance.

Browse key industry insights spread across 350 pages with 277 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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2026” in detail along with the table of contents:

Favorable government policies conjugated with increasing demand from end-user industry have resulted in incremental rise in investments from private players, thereby driving the nitrile butadiene rubber powder market share. For instance, according to World Bank, per capita GDP of European Union has been witnessed to be on incremental rise from 30,469 in 2015 to 35,616 in year 2018. This increasing expenditure has put automotive and consumer goods industry at all-time high, driving demand for NBR powder.

Larger particle size to contribute in strong growth

0.70 – 1.00 particle size will witness over 7.5% CAGR in nitrile butadiene rubber powder market. These particles provide excellent friction coefficient for products under lubricated conditions such as coupling plates. These are also widely used in PVC modification applications due to their easy blending ability with the polymer. Their application scope also extends to other thermoplastic elastomers and thermosets, where they are used as popular modifiers to impart additional elasticity and mechanical properties.

Linear grade NBR powder will account close to 18% demand share in 2026. It is mostly used in manufacturing seals, gaskets, O-rings, etc., due to its heat & oil-resistant properties. This grade is soluble in many organic solvents, increasing its application for polymer modification as well as processing aids. It is a lesser popular grade, and most end-users prefer pre-cross linked or cross-linked grades owing to their excellent surface properties required in the extrusion process.

However, increasing demand from automotive coupled with surge in demand from plastics industry is observed to be the key driving segment for nitrile butadiene rubber powder market growth.

Water resistance application to be major growth propeller

Specific grades of NBR powders are used to manufacture products for application areas requiring long-term resistance to water and moisture. These grades have water-soluble ash content, less than 0.1% along with varying quantities of non-staining antioxidants. These end-products show excellent resistance to volume changes and low temperature flexibility when in contact with moisture.

They exhibit a volume change of less than 10% upon prolonged exposure to water. Typical products in this segment include footwear, transfer molded goods, etc., and the rising demand for aesthetically superior footwear will propel the nitrile butadiene rubber powder market segment over the forecast period.

Europe witnessing increasing industrial production

Europe NBR powder business will witness around 6% CAGR by 2026 owing to increasing presence of manufacturing units and massive political support to bring facilities to the continent. Several new trade deal formations have supported the domestic auto industry; therefore, introduction of tax relief and other corporate benefits are aimed towards companies to establish manufacturing hubs in the region. These all reforms are expected to increase the nitrile butadiene rubber powder market share of the region.

Industry to witness surge in R&D investments

Key participants in the nitrile butadiene rubber powder market are witnessed to increase their R&D investment to gain competetive advantage. The key manufacturers include LG Chem, Saudi Arabian Oil Company, Zeon Chemicals, Taprath Polymers Pvt. Ltd, Nitriflex S.A. Ondustria e Comercio, OMNOVA Solutions, Sinopex, and JSR Corporation.

Authors: Kiran Pulidindi, Sayan Mukherjee

Explore More on Related Topics: