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Nitrile Butadiene Rubber (NBR) Powder Market Size

Report ID: GMI2480
Published Date: Oct 2024
Report Format: PDF

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Nitrile Butadiene Rubber Powder Market Size

The global nitrile butadiene rubber powder market was valued at USD 585.8 million in 2023 and is estimated to grow at a CAGR of over 7.2% CAGR from 2024 to 2032. The global nitrile butadiene rubber (NBR) powder industry is experiencing robust growth, driven by increasing demand across various industries, particularly automotive, aerospace, and healthcare.

Nitrile Butadiene Rubber (NBR) Powder Market

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NBR’s excellent oil resistance and durability make it ideal for manufacturing seals, gaskets, and hoses, which are critical in automotive applications. The rising trend towards electric vehicles is further boosting NBR usage due to its compatibility with advanced materials. Additionally, the healthcare sector's demand for NBR in gloves and medical devices is escalating, especially post-pandemic.

Nitrile Butadiene Rubber Powder Market Report Attributes
Report Attribute	Details
Base Year:	2023
Nitrile Butadiene Rubber Powder Market Size in 2023:	USD 585.8 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.2%
2032 Value Projection:	USD 958.9 Million
Historical Data for:	2021 - 2023
No. of Pages:	200
Tables, Charts & Figures:	172
Segments covered:	Particle Size, Grade, Application, End Use and Region
Growth Drivers:	Increasing use of frictional material in automotive sector Rising usage of seals, gaskets and adhesives in various end use industries Increased use in healthcare applications, especially gloves
Pitfalls & Challenges:	Volatility in raw material prices

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Emerging economies in Asia-Pacific are witnessing significant investments in manufacturing, enhancing market expansion. However, volatility in raw material prices and environmental regulations pose challenges. Companies are focusing on sustainable production practices and innovative applications to gain competitive advantages.

The global nitrile butadiene rubber (NBR) powder market is significantly driven by the increasing use of frictional materials in the automotive sector, where NBR's excellent resistance to wear and heat makes it ideal for brake pads and tires. This shift towards high-performance materials enhances safety and efficiency in vehicles. Additionally, the rising demand for seals, gaskets, and adhesives across various industries further propels market growth. NBR’s durability and resistance to chemicals make it a preferred choice for applications requiring reliable sealing solutions.

Moreover, the healthcare sector's escalating use of NBR in gloves and medical devices, particularly post-pandemic, underscores its importance in ensuring safety and hygiene. The combination of these factors highlights NBR's versatility and critical role in diverse applications, driving sustained demand and market expansion globally.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for nitrile butadiene rubber powder was valued at USD 585.8 million in 2023 and is expected to reach USD 958.9 million by 2032, driven by a CAGR of over 7.2% from 2024 to 2032.

The cross-linked segment held a 53.8% market share in 2023, amounting to USD 315.5 million, and is projected to grow at a 7.4% CAGR from 2024 to 2032, driven by its extensive use in soft PVC compound modification for calendaring processes.

U.S. market is projected to achieve USD 80.7 million by 2032, driven by increasing demand from the automotive and healthcare sectors.

Major players in the industry include Huangshan Hualan Technology, JSR Corporation, LG Chem, Nitriflex S.A., OMNOVA Solutions, Saudi Aramco, SIBUR, Sinopec, Taprath Polymers, and Zeon Chemicals.