Nitrile Butadiene Rubber Powder Market to depict appreciable growth prospects over 2020-2026

Endorsing a vast end use spectrum spanning sectors like construction, consumer goods, automotive, and footwear, nitrile butadiene rubber powder market has witnessed a robust growth trajectory over the past few years. The powder is apparently being used as gasket, sealant, and adhesive across some of the aforementioned business verticals.

In addition to this, the inherent segment of polymers and advanced materials industry, is also gaining widespread momentum in other industries like packaging, aerospace, rail and refinery, and others, which is consequently propelling the NBR powder industry expansion.

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

Notable applications across automotive sector

Of all the above mentioned verticals, automotive industry has positioned itself as one of the major revenue generating sectors across the NBR powder market. It is imperative to note that the product has been traditionally deployed in various frictional compounds with an intent of improving the abrasion coefficient while being used in frictional materials like resin wheels, disc pads, brake liners, clutch brakes among others.

Considering this, the leading nitrile butadiene rubber powder market behemoths have been brainstorming on the development of customized and high grade products to address the needs of the ever evolving automotive industry.

Citing a vital testament for the same, one of the leading industry stakeholders LANXESS had in 2018 launched a superior performance series of oil-resistant acrylonitrile butadiene rubbers. These rubbers act as an alternative for conventional elastomers that are predominantly being used in two wheeler vehicles. The newly launched product range constitutes of several grades of acrylonitrile content of nearly 18 per cent to 49 per cent which can enhance the resistance of these rubbers to aggressive fluids and weather.

Consequently, advent of such highly transformative products would undeniably expand the consumer base of overall NBR powder industry across the automotive sector in the forthcoming years.

The automotive industry has been proliferating at a prodigious pace over a while now. In fact, as per the statistics rolled out by OICA, the global automobile sales in 2019 stood at over 91 million worldwide. Most importantly, the emerging nations like India, China, and Brazil have seized a major stake of these sales, attributing to the rising disposable incomes of the residents in tandem with expanding urbanization. This ultimately is expected to offer a significant boost to the NBR powder market dynamics in the ensuing years.

Request for customization @ https://www.gminsights.com/roc/2480

COVID-19 impact on NBR powder market

Given that nitrile butadiene rubber powder market has been witnessing prolific gains from the automotive industry, it is no surprise that the product would currently observe a downfall in adoption rate across the industry owing to the onset of COVID-19 pandemic.

The COVID-19 pandemic has severely disrupted operations in automotive sector, thus negatively influencing the sales graph of nitrile butadiene rubber powder market over the past few months. However, industry analysts claim that post stabilization of the global economy, the NBR power market would observe considerable gains in the upcoming years.

Fueled by the robust development strategies being implemented by some of the highly acknowledged firms in the polymers industry, the nitrile butadiene powder market share is projected to rise substantially over the foreseeable time frame. In fact, as per market speculations, the worldwide nitrile butadiene rubber powder market size is touted to surpass USD 698.4 million by 2026 end.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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.

This release was published on openPR.