Press release
NBR Powder Market future trends to 2024 key players Lanxess, Zeon Chemicals, Nitriflex, Omnova Solutions, Taprath Polymers, LG Chem and Omnova Solutions
Nitrile Butadiene Rubber (NBR) Powder Market
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Nitrile Butadiene Rubber (NBR) Powder Market size 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.
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.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Lanxess
2. LG Chem
3. Zeon Chemicals
4. Nitriflex S.A.
5. OMNOVA Solutions
6. Taprath Polymers Pvt. Ltd.
7. Huangshan Hualan Technology Co., Ltd
8. JSR Corporation
9. Nabco Microtech
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