Global Nitrile Butadiene Rubber Powder Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Nitrile Butadiene Rubber Powder Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global nitrile butadiene rubber powder market report has been segmented on the basis of product type, application, and region.

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Global Nitrile Butadiene Rubber Powder Market: Introduction 

Nitrile butadiene rubber is a synthetic rubber copolymer of butadiene and acrylonitrile. Nitrile butadiene rubber powder is widely used in automobiles, PVC modification, friction materials, adhesives, and gaskets applications.

Global Nitrile Butadiene Rubber Powder market: Dynamics 

Increasing use of modified plastics in automotive production is major factor expected to augment the growth of the target market over a few years. Rising demand for adhesives, and sealants in the construction industry in developing and developed countries is estimated to support the growth of the potential market. Moreover, properties of nitrile butadiene rubber such as resistance to chemicals and oils, impact resistance, and structural stability at high temperature is projected to drive the growth of the market.

Global Nitrile Butadiene Rubber Powder Market: Product Type Analysis

Among product type segments, the cross-linked nitrile butadiene rubber segment is projected to contribute a significant share in the target market. Rising demand for cross-linked nitrile butadiene rubber in applications such as PVC modification, consumer goods, construction, and others is anticipated to support the growth of the segment over a few years.

Global Nitrile Butadiene Rubber Powder Market: Application Analysis

Among application segments, the construction segment is estimated to account for a major share in the potential market. In the construction industry nitrile butadiene rubber is used for making adhesives and sealants. Growing demand for construction adhesives across the globe is a major factor estimated to drive the growth of the segment over a few years. The automotive segment is projected to grow at a higher growth rate over few years. Increasing production of automobiles in Europe and Asia Pacific is projected to drive the growth of the segment.

Global Nitrile Butadiene Rubber Powder Market: Regional Analysis

Asia Pacific nitrile butadiene rubber powder market is projected to contribute a significant share in the nitrile butadiene rubber powder market. The increasing number of construction activities in countries such as China, India, Indonesia, and others is a major factor projected to drive the growth of the nitrile butadiene rubber powder market in Asia Pacific. Growing demand for automobile vehicles in the region owing to the increasing spending power of individuals and rapid urbanization is anticipated to support the growth of the Asia Pacific nitrile butadiene rubber powder market in the next 10 years.

The Asia Pacific market is estimated to account a significant share in the global target market, followed by the market in North America. The nitrile butadiene rubber powder market in North America is projected to grow steadily over a few years. Rising number of construction activities in the countries in the region is expected to boost the demand for building materials, which in turn support the growth of nitrile butadiene rubber powder market in North America. The US nitrile butadiene rubber powder market is estimated to dominate the market in North America followed by Canada. Increasing demand for consumer goods in the region owing to the rising disposable income of individuals is anticipated to support the revenue growth of the nitrile butadiene rubber powder market in North America.

Global Nitrile Butadiene Rubber Powder Market Segmentation:

Segmentation by Product:

Linear Nitrile Butadiene Rubber Powder
Cross-Linked Nitrile Butadiene Rubber Powder

Segmentation by Application:

Automotive
Construction
PVC Modification
Consumer Goods
Other