Nitrile Butadiene Rubber Powder Market 2021 | Regional Insights & Growth Forecast To 2026
NBR powder comprises of various beneficial features like high dynamic fatigue resistance, resistance to abrasion, and wear, low permeability to different gases, good ageing temperature resistance, and high resistance to greases, mineral oils, and fuels.
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How would friction materials application segment drive the NBR powder industry revenues over the coming years?
Based on application, the nitrile butadiene rubber powder market is categorized into PVC modifications, friction materials, water resistance, adhesives, abrasion resistant compounds, and others. Among these, the friction materials segment will account for around 9% market share by the end of the forecast time period. These materials are usually made from cross-linked NBR powders with an even particle or grain size to improve the friction coefficient. Friction materials further include coupling plates, brake linings, brake pads among many others, which are utilized in all kinds of automobiles.
Why is Latin America expected to emerge as a remunerative revenue pocket for NBR powder industry?
On the geographical front, nitrile butadiene rubber powder market in Latin America will grow at a respectable CAGR of more than 7.5% over the forecast time period. Substantial upsurge in construction activities across the region owing to robust private investments and strong economic growth is expected to augment the regional market growth. Brazil and Mexico are the main countries in the region that are witnessing high growth in the construction market, thereby boosting the product demand.
In addition, apart from having increasing demand from consumer goods industry, NBR powder is also utilized for products in the automotive sector. Like for instance, to produce throttle support plates, oil & heat resistant head gaskets, fuel supply pipes among others. Its high tensile strength further makes it an extremely useful material for use in various applications. With growing automobile sales across emerging economies, this factor would prove to be a highly lucrative growth facilitator for the industry over the analysis period.
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Nabco Microtech, Taprath Polymers Pvt. Ltd., Lanxess, LG Chem, Nitriflex S.A., Huangshan Hualan Technology Co. Ltd., Zeon Chemicals, JSR Corporation, OMNOVA Solutions, and LG Chem among many others are some of the key players operating in the nitrile butadiene rubber powder market.
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