Nitrile Butadiene Rubber (NBR) Powder Market Hits USD 461.8 Million By 2020: Grand View Research, Inc.
Global Nitrile Butadiene Rubber (NBR) powder market is expected to reach USD 461.8 million by 2020, according to a new study by Grand View Research, Inc. Increasing modified plastics use in automobile applications coupled with growing automotive industry is expected to be a key factor responsible for high NBR powder demand. Increasing NBR powder use in adhesives, sealants and gasket manufacturing primarily due to high wear & impact resistance coupled with superior mechanical & thermal properties is expected to further influence market growth in the next six years.
Adverse health effect of phthalates is resulting in reduced NBR powder use in PVC modification. Increasing use of TPO & TPE as active substitutes is expected to negatively impact the market over the forecast period. PVC modification was the most dominant application segment for the NBR powder market with estimated demand of over 35.0 kilo tons in 2013 and is expected to witness significant reduction in market share by 2020.
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