Transparency Market Research, in a report titled “Nitrile Butadiene Rubber (NBR) Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that the global market for nitrile butadiene rubber (NBR) powder is projected to expand at a 6.50% CAGR from 2013 to 2019, fueled by growing demand for seal, adhesives, and gaskets from different end-use industries and rising demand for frictional materials from the automotive sector. With several potential applications in emerging markets of China and India, the global NBR powder market is anticipated to grow from US$275.6 mn in 2012 to US$425.7 mn in 2019.
On the basis of product, the nitrile butadiene rubber powder market is bifurcated into cross-linked NBR powder and linear NBR powder. Cross-linked nitrile butadiene rubber powder dominates the overall market and is also projected to become the fastest expanding product segment by volume, registering a 5.20% CAGR from 2013 to 2019.
On the basis of application, the nitrile butadiene rubber powder market is categorized into automotives, footwear, PVC modification, buildings, consumer goods, and others including tubes and coatings. Accounting for a share of more than 48.0% in 2012, PVC modification has emerged as the leading application segment in the overall NBR powder market. Automotive is forecast to become the most rapidly developing application segment by 2019, registering a 6.90% CAGR. This segment will witness the highest growth in terms of revenue owing to superb development in the vehicle sector.
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On the basis of geography, the nitrile butadiene rubber powder market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Accounting for a share of more than 44.0% in 2012, Asia Pacific dominates the NBR powder market in terms of demand. This region is also projected to emerge as the fast developing segment in the nitrile butadiene rubber powder market owing to increasing number of end users such as brake lining manufacturers, auto part manufacturers, and footwear manufacturers. Europe and the Rest of the World region together account for a share of over 40.0% in the global nitrile butadiene rubber powder market in terms of demand. Being the smallest regional market for NBR powder, North America is restricted owing to a shift from nitrile butadiene rubber powder to substitute products.
The report on the global nitrile butadiene rubber powder market identifies the leading players operating at various organized and unorganized sectors and studies them on the basis of attributes such as company overview, product portfolio, financial standing, business strategies, and SWOT analysis. The companies profiled in the NBR powder market report are Nitriflex, LG Chem, Zeon Chemicals, OMNOVA Solutions, Huangshan Hualan Technology Co., Ltd., Lanxess AG, and Taprath Polymers Pvt. Ltd. According to the report, the nitrile butadiene rubber powder market is immensely concentrated and the top five companies account for a 38.0% share in the overall market.
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