Nitrile Butadiene Rubber Powder Market trends research and projections for 2017- 2024

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Nitrile Butadiene Rubber Powder Market Global
Market Insights, Inc.
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• Global Market Scenario of Polymer Industry

• Nitrile Butadiene 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.
• 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.
• 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.

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• 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.
• China made linear grade NBR powder market is said
  to grow considerably to surpass USD 17 million by
  the end of 2024. The product grade finds major
  application in gaskets, seals, hoses among
  others.
• Automotive industry is one of the major drivers
  for this segment in the Asia Pacific region. In
  2017, new vehicle sales in China and India
  accounted for over 29 million and 4 million
  respectively.

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• 360 Industry Analysis

• PVC modifications is the largest applications
  segment in the global nitrile rubber powder
  market owing to its huge applications in the
  refrigerator sealings, PVC hose, and other low
  temperature resistant products.
• Presence of giant industries in Asia-Pacific
  North America, led by the U.S. China will drive
  the product segment demand in the respective
  regions. The U.S. PVC modification segment for
  NBR powder market is estimated to surpass USD 20
  million by the end of the forecast period

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• Regional Analysis

• 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.
• Construction industry in Asia Pacific region, led
  by China, Japan, and India accounted for over USD
  4 trillion in 2016. Growth in construction and
  infrastructural development in the Asia Pacific
  region will spur the NBR powder market in future
  years. The NBR powder demand in construction end
  use segment in China will grow with a CAGR close
  to 7 to capture over 15 market share by 2024.

• Competitive Analysis

• Key nitrile rubber powder market players
  functioning in the industry include Nitriflex,
  Zeon Chemicals, Lanxess, LG Chem, Taprath
  Polymers, and Omnova Solutions among others. Zeon
  Chemicals recently launched a new range of NBR
  elastomers which has oil and solvent resistance
  properties. The new range offers great balance of
  cost and performance for the most challenging
  chemical, heat, and oil applications.

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