China NBR Powder Market by Linear Grade to Exceed 17 Million Dollar by 2024
SELBYVILLE, Del., Aug. 22, 2018 /PRNewswire-iReach/ -- Regional expansions are fast emerging as a go-to growth tactic for nitrile butadiene rubber (NBR) powder market players. A couple of years ago, Apcotex Industries purchased Indian subsidiary of the U.S. based Omnova Solutions Inc., OSIPL for USD 5.3 million. Omnova Solutions India Pvt Ltd was the second largest manufacturer of NBR powder (acrylonitrile butadiene rubber) in India back then. With this acquisition, Apcotex evolved as a leading manufacturer of HSR and NBR powder across India. This deal also added new products, advanced processes, and novel technologies to Apcotex's portfolio, substantially upscaling its position in India NBR powder market.
As the product has found considerable application in manufacturing seals, gaskets, hoses, China nitrile butadiene rubber (NBR) powder market is likely to exceed USD 17 million by the year 2024, while global NBR powder market share is projected to exceed USD 600 million by 2024.
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Automotive sector to amass significant portion of the end use segment of (nitrile butadiene rubber) NBR powder market
Elaborating further, it would be prudent to mention that NBR powder has been traditionally deployed in frictional compounds to enhance the abrasion coefficient. Owing to this characteristic of NBR powder it has apparently found wide scale popularity across the automotive sector. Consequentially, the polymer is being massively utilized in frictional materials including disc pads, resin wheels, clutch plates, brake liners among others. Bearing this in mind, the prominent NBR powder market participants have been focusing on developing customized and high-grade products to cater the ever-evolving automotive industry.
Citing an instance to validate the efficacy of the aforementioned statements, one of the most dominant NBR powder market stakeholder LANXESS has recently launched a high-performance series of oil-resistant acrylonitrile butadiene rubbers. Reportedly, these rubbers are specialty elastomers that can substitute the conventional elastomers predominantly in two-wheelers. Moreover, the latest product range consists of several grades of acrylonitrile content of about 18% to 49% which enhances the resistance of these rubbers to weather and aggressive fluids such as non-polar liquids, fuels, and oils. Apparently, with the advent of such highly transformative products, the overall nitrile butadiene rubber NBR powder market would undeniably expand its consumer base across the automotive sector in the ensuing years.
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Meanwhile, the geographical growth trajectory of nitrile butadiene rubber NBR powder market is likely to be led by the Asia Pacific region in the near future. The presence of a vast number of butadiene rubber powder manufacturers across this terrain has proved to be rather beneficial for this business space.
Moreover, the automotive sector in the Asia Pacific region has been expanding at a breathtaking pace with developing nations like China and India accounting for a combined vehicle sale of over 33 million in the year 2017. Apparently, the ever-increasing size of automobiles sector has further assisted the NBR powder market participants to secure new business opportunities in the Asia Pacific region.
Driven by the product development strategies being adopted by some prominent firms in the polymers industry such as LG Chem, Omnova Solutions, Lanxess, Taprath Polymers, Zeon Chemicals, and Nitriflex, the (nitrile butadiene rubber) NBR powder market share is likely to progress substantially over the estimated time frame.
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Major Chapters of the Table of Contents (TOC):
Chapter 3. (Nitrile Butadiene Rubber) NBR Powder Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distributor channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key potential customers
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3.4. Raw material trends
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Technology landscape
3.5.3. Production process
3.5.4. Comparison of manufacturing techniques
3.5.5. Future trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing use of frictional material in automotive sector
3.6.1.2. Rising usage of seals, gaskets and adhesives in various end-user industries
3.6.2. Industry pitfalls & challenges
3.6.2.1. Active substitutes of NBR powder
3.6.2.2. Environmental concerns related to phthalates
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Regional price trends
3.9.1. Cost structure analysis
3.9.1.1. R & D cost
3.9.1.2. Manufacturing & equipment cost
3.9.1.3. Raw material cost
3.9.1.4. Distribution cost
3.9.1.5. Operating cost
3.9.1.6. Miscellaneous cost
3.9.2. Price by particle size
3.9.3. Price by grade
3.10. Competitive landscape, 2016
3.10.1. Company market share analysis, 2016
3.10.1.1. Global
3.10.1.2. Regional
3.10.2. Brand analysis
3.10.3. Key stake holders
3.10.4. Strategy dashboard
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Industry rivalry
3.11.5. Threat of substitutes
3.12. PESTEL analysis
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