Nitrile Butadiene Rubber (NBR) Powder Market Size to Hit USD 600 million by 2024: Analysis of Key Players, Trends, Drivers, & Challenges

Nitrile Butadiene Rubber (NBR) Powder Market will cross USD 600 million by 2024, according to a new research report.

Subject to a vast end use spectrum including construction, automotive, consumer goods, and footwear, the nitrile butadiene rubber (NBR) powder market has gained a renewed traction in the past few years. Apparently, the nitrile rubber powder is being increasingly utilized as sealant, gasket, and adhesive across the aforementioned business verticals. Moreover, the advanced polymer has also found immense usability in other industries such as packaging, rail and refinery, and aerospace, which has significantly propelled the nitrile butadiene rubber (NBR) powder industry expansion.

Elaborating further, it would be prudent to mention that NBR powder has been traditionally deployed in frictional compounds to enhance the abrasion coefficient. Owing to this characteristic of NBR powder it has apparently found wide scale popularity across the automotive sector. Consequentially, the polymer is being massively utilized in frictional materials including disc pads, resin wheels, clutch plates, brake liners among others. Bearing this in mind, the prominent nitrile butadiene rubber (NBR) powder market participants have been focusing on developing customized and high-grade products to cater the ever-evolving automotive industry.

Citing an instance to validate the efficacy of the aforementioned statements, one of the most dominant nitrile butadiene rubber (NBR) powder industry stakeholder LANXESS has recently launched a high-performance series of oil-resistant acrylonitrile butadiene rubbers. Reportedly, these rubbers are specialty elastomers that can substitute the conventional elastomers predominantly in two-wheelers. Moreover, the latest product range consists of several grades of acrylonitrile content of about 18% to 49% which enhances the resistance of these rubbers to weather and aggressive fluids such as non-polar liquids, fuels, and oils. Apparently, with the advent of such highly transformative products, the overall nitrile butadiene rubber (NBR) powder industry would undeniably expand its consumer base across the automotive sector in the ensuing years.

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Speaking along similar lines, the automotive industry size has been proliferating at an exceptional pace over the past decade. In fact, as per the statistics published by the international trade association OICA, the global automobile sales in the year 2017 stood at over 96 million worldwide. Interestingly, the emerging nations such as India, China, and Brazil have apportioned the major share of these sales, given the fact that the disposable incomes of residents of these countries have been increasing steadily. As a consequence of the significant rise in the sales of vehicles, the nitrile butadiene rubber (NBR) powder market would continue to gain massive remuneration from automotive sector over the forthcoming years.
Meanwhile, the geographical growth trajectory of nitrile butadiene rubber (NBR) powder industry is likely to be led by the Asia Pacific region in the near future. The presence of a vast number of butadiene rubber powder manufacturers across this terrain has proved to be rather beneficial for this business space. As the product has found considerable application in manufacturing seals, gaskets, hoses, China nitrile butadiene rubber (NBR) powder market is likely to exceed USD 17 million by the year 2024, as per reliable estimates.

Moreover, the automotive sector in the Asia Pacific region has been expanding at a breathtaking pace with developing nations like China and India accounting for a combined vehicle sale of over 33 million in the year 2017. Apparently, the ever-increasing size of automobiles sector has further assisted the nitrile butadiene rubber (NBR) powder industry participants to secure new business opportunities in the Asia Pacific region.

Driven by the product development strategies being adopted by some prominent firms in the polymers industry such as LG Chem, Omnova Solutions, Lanxess, Taprath Polymers, Zeon Chemicals, and Nitriflex, the nitrile butadiene rubber (NBR) powder market share is likely to progress substantially over the estimated time frame. In fact, as per reliable estimates, the global nitrile butadiene rubber (NBR) powder industry share is projected to exceed USD 600 million by 2024.

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