#Global Specialty Nitrile Butadiene Rubber Market Size
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#Specialty Nitrile Butadiene Rubber Market#Global Specialty Nitrile Butadiene Rubber Market#Global Specialty Nitrile Butadiene Rubber Market Size#Global Specialty Nitrile Butadiene Rubber Market Share
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Specialty Nitrile Butadiene Rubber (NBR) Market - Global Industry Analysis and Forecast | 2025
Specialty Nitrile Butadiene Rubber (NBR) Market – Global Industry Analysis and Forecast | 2025
Carboxylated NBR is expected to have a high market penetration on account of providing excellent resistance to oils and non-polar solvents. The global Specialty Nitrile Butadiene Rubber Market size is expected to reach USD 768.1 million by 2025 expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc.
The demand for carboxylated NBR is likely to be driven by its ability…
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Petrochemicals Market Likely To Reach A Valuation Of Around USD 651.1 Billion By 2027
The global petrochemicals market size is projected to reach USD 651.1 billion by 2027, expanding at a CAGR of 5.0%, according to a new report by Grand View Research, Inc. The market for petrochemicals is largely driven by rising demand for downstream specialty chemicals and plastic manufacturing.
The industry is growing through a transformation with manufacturers focusing on high margin products and trying to optimize raw material costs. Sustainability is the key standpoint driving decision making. The rising plastic waste and pollution resulting from manufacturing facilities have prompted manufacturers to take steps to tackle the rising problem. Going ahead, manufacturers are trying to develop products with widened application scope and minimal environmental impact. In China, technologies are being developed to recycle plastic waste into crude oil. Commercialization of these technologies will not only reduce pollution but also ensure the supply of raw materials to the petrochemical industry.
Capacity additions are expected to be a major feature of the market for petrochemicals. Passing through the consolidation phase in 2012 - 2016, the market for petrochemicals witnessed a large number of strategic divestments and acquisitions. Currently, a large number of projects are being constructed in North America, China, and the Middle East. China is expected to be a major player with more than 6.9 million metric tons of cumulative capacity expected to be operational by 2021. The Middle East is expected to face a lot of problems with manufacturers viewing China as a favorable destination. However, with its current rate of construction, the region is expected to add around 12 million metric tons of cumulative capacity between 2018 and 2022.
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Petrochemicals Market Report Highlights
The demand for butadiene is anticipated to reach USD 19.8 billion tons owing to rising applications in chemical manufacturing and monomers for tire production
The demand for methanol is expected to witness a CAGR of 4.7% in terms of revenue over the forecast period owing to growing application scope in end-use industries such as pharmaceuticals, pesticides, and paints
The petrochemicals market in Canada recorded a revenue of USD 10.1 billion driven by rising oil exploration activities and development of integrated facilities
The demand for petrochemicals in Belgium is expected to grow at a CAGR of 2.9% in terms of revenue from 2020 to 2027 on account of the presence of large number of specialty chemical manufacturers and steady growth exhibited by the manufacturing sector
The major industry participants are Royal Dutch Shell, Chevron, Sinopec, Exxon Mobil, and BP PLC.
Petrochemicals Market Segmentation
Grand View Research has segmented the global petrochemicals market on the basis of product and region.
Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Million, 2016 - 2027)
Ethylene
Propylene
Butadiene
Benzene
Xylene
Toluene
Methanol
Polyethylene
Ethylene oxide
EDC
Ethyl benzene
Other (including alpha olefins, vinyl acetate etc.)
Polypropylene
Propylene oxide
Acrylonitrile
Cumene
Acrylic acid
Isopropanol
Other
SB Rubber
Butadiene rubber
ABS
SB latex
Other (nitrile rubber, mechanical belts etc.)
Ethyl benzene
Phenol/cumene
Cyclohexane
Nitrobenzene
Alkyl benzene
Other (including alkyl benzene, maleic anhydride)
Benzene
Xylenes
Solvents
TDI
Others (including pesticides, drugs, nitro toluene etc.)
Formaldehyde
Gasoline
Acetic acid
MTBE
Dimethyl ether
MTO/MTP
Other
Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2016 - 2027)
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
U.S
Canada
Germany
U.K.
Belgium
France
Netherlands
China
India
Japan
South Korea
Indonesia
Brazil
Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Nitriles are organic compounds having a triple bond between carbon and nitrogen. They are also known as cyanides. The most commonly occurring nitrile is Nitrile Rubber which is a synthetic copolymer of unsaturated acrylonitrile and conjugated butadiene. Such a form of rubber is highly resistant to chemicals. Due to its property of sturdiness, it is largely used in protective gloves used in chemistry laboratories to resist the effect of the chemicals. Nitrile rubber also has applications in the pipelines, hoses, tubes, conveyor belts, shoes, seals and glues. The electronic structure of nitriles is like that of alkyne except for the presence of a lone pair of electrons with nitrogen which makes it a polar molecule. As a result, nitriles tend to have higher boiling points which is one of the property of nitriles that has various applications.
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Global Specialty Nitrile Butadiene Rubber (NBR) Sales Market Report 2021
The global Specialty Nitrile Butadiene Rubber (NBR) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Specialty Nitrile Butadiene Rubber (NBR) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
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Segment by Type
Carboxylated NBR
Bimodal NBR
Liquid NBR
Segment by Application
Aviation
Automotive
Printing
Textile
Machinery Manufacturing
Chemical
Other
The Specialty Nitrile Butadiene Rubber (NBR) market is analysed and market size information is provided by regions (countries). Segment by Application, the Specialty Nitrile Butadiene Rubber (NBR) market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
While Zeon Corporation
JSR Corporation
LANXESS AG
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Table of content
1 Specialty Nitrile Butadiene Rubber (NBR) Market Overview 1.1 Specialty Nitrile Butadiene Rubber (NBR) Product Scope 1.2 Specialty Nitrile Butadiene Rubber (NBR) Segment by Type 1.2.1 Global Specialty Nitrile Butadiene Rubber (NBR) Sales by Type (2016 & 2021 & 2027) 1.2.2 Carboxylated NBR 1.2.3 Bimodal NBR 1.2.4 Liquid NBR 1.3 Specialty Nitrile Butadiene Rubber (NBR) Segment by Application 1.3.1 Global Specialty Nitrile Butadiene Rubber (NBR) Sales Comparison by Application (2016 & 2021 & 2027) 1.3.2 Aviation 1.3.3 Automotive 1.3.4 Printing 1.3.5 Textile 1.3.6 Machinery Manufacturing 1.3.7 Chemical 1.3.8 Other 1.4 Specialty Nitrile Butadiene Rubber (NBR) Market Estimates and Forecasts (2016-2027) 1.4.1 Global Specialty Nitrile Butadiene Rubber (NBR) Market Size in Value Growth Rate (2016-2027) 1.4.2 Global Specialty Nitrile Butadiene Rubber (NBR) Market Size in Volume Growth Rate (2016-2027) 1.4.3 Global Specialty Nitrile Butadiene Rubber (NBR) Price Trends (2016-2027)
2 Specialty Nitrile Butadiene Rubber (NBR) Estimates and Forecasts by Region 2.1 Global Specialty Nitrile Butadiene Rubber (NBR) Market Size by Region: 2016 VS 2021 VS 2027 2.2 Global Specialty Nitrile Butadiene Rubber (NBR) Retrospective Market Scenario by Region (2016-2021)
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Specialty Elastomer Market – Share ,Size Industries Based on Geography, Key Players, Driver, Market Challenge, Market Trend 2027 import export trends covid-19 impact , forecast 2027
Market Overview:
Specialty Elastomer is a Polymeric material synthesized by joining number of organic units in a linked manner. Specialty elastomer is a polymer based synthetic rubber. They are either thermoset based or thermoplastic based, wherein most of the specialty elastomers in the market are based on thermoplastic polymers. The product exhibit various properties such as long durability, high impact resistance and failure strain, low shrinkage, and better design flexibility. The specialty elastomer are used in numerous applications such as automotive, construction, electronic appliances, footwear making, and medical equipment, among others. Automotive industry, building & construction industry, and footwear making industry are the major end users of the Specialty Elastomer. The market is witness a high growth due to infrastructural expansion undertaken by both developing and developed countries and increasing demand from automotive sector.
The Global Elastomer Market is estimated to grow at a CAGR of ~5% to reach about USD 95 billion by the end of 2023, which is projected to boost the demand for Specialty Elastomer in the coming years.
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Market Segmentation:
The Global Specialty Elastomer Market is segmented on the basis of product, application, and region.
On the basis of the product, the market is divided into thermoplastic elastomer (TPE) (thermoplastic olefin (TPO), thermoplastic polyurethane (TPU), thermoplastic vulcunizate (TPV), styrene block copolymer (SBC), and others) and thermosetting elastomer (TSE) (styrene butadiene rubber (SBR), butyl rubber, polybutadiene rubber (PBR), nitrile rubber, ethylene propylene rubber (EPM), and others). The available Specialty Elastomers in the market are majorly based on TPE due to its vast applications starting from building and construction industry to footwear making industry. Within TPE, SBC is the largest segment and is projected to grow at the highest CAGR due to its applicability in high pressure-complex industrial process and better mechanical properties compared to its counterparts. On the other hand, thermoplastic based Specialty Elastomers are commercially suitable for a small range of applications.
On the basis of application, the market is categorized into automotive, medical, consumer goods, building & construction, electrical & electronics, industrial, and others. Among these applications, the automobile industry is estimated to hold a major share of the market during the forecast period. Additionally, increasing demand for light weight vehicle and advent of electric vehicle are the favoring the growth of this segment. Yet, the medical segment is projected to grow at the highest CAGR among other applications on account of its increasing usage in syringe tips, peristaltic tubes, seals, gaskets, gloves, and grips.
Regional Analysis:
Geographically, the Global Specialty Elastomer Market share is divided into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Among these regions, Asia Pacific is holding 48% share of the global market in terms of market size. China and India are leaders in the regional market owing to rising construction activities and reviving footwear making industry in these countries.
North America is a significant region in the Global Specialty Elastomer Market following the Asia Pacific. Reconstruction projects undertaken by countries namely the U.S. and Canada is anticipated to boost the growth of the regional Specialty Elastomer Market.
Europe is a substantial region in the Global Specialty Elastomer Market. The demand for Specialty Elastomer in the automobile industry, for making interior of luxury cars, is propelling the growth of the regional Specialty Elastomer Market. Countries namely Germany, France and the U.K. are the major contributors to the regional market growth.
Other regions in the Global Specialty Elastomer Market are the Middle East & Africa and Latin America, wherein the Middle East & Africa is comparatively growing at higher rate. Huge investment potential and availability of raw material are estimated to push the growth of the market in this region. Latin America is expected to join the hand with the leading regions in the coming years.
Competitive Analysis:
Key players in the Global Specialty Elastomer Market are BASF SE (Germany), The DOW Chemical Company (U.S.), JSR Corporation (Japan), LG Chem. (South Korea), LANXESS AG (Germany), Zeon Corporation (Japan), KURARAY CO., LTD. (Japan), Covestro AG (Germany), Teknor Apex (U.S.), and Exxon Mobil Corporation (U.S.), among others.
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Textile Coatings Market - Share, Size, Growth, Trends, Demand, Industry Analysis, Key Player Profile and Regional Outlook 2027
Market Synopsis:
Textile Coatings are gaining momentum and witnessing rising applications across major end-use industries. The assessment offered by Market Research Future (MRFR) has revealed that the Global Textile Coatings Market is poised to register a steady CAGR across the projection period 2017 to 2023. These Coatings enable depositing polymeric resin on Textiles. The benefits of the process have paved its way across different industry verticals.
The growth of the Clothing Industry is the major factor responsible for the development of the Textile Coatings Market in the forthcoming years. Increasing disposable income is likely to favor market expansion in the foreseeable future. These coatings are also extensively used in the automotive sector for the manufacturing of upholstery. The growing demand for vehicles is poised to encourage the revenue growth of the Textile Coatings Market in the years to come.
The construction sector has also unleashed developmental opportunities to the market. In addition, the rising demand for Textile Coatings for home furnishings is prognosticated to accelerate revenue generation for the players of the market over the next couple of years. On the flip side, rising environmental concerns, in conjunction with the implementation of stricter regulations, is poised to undermine the expansion of the Textile Coatings Market in the years to come.
Competitive Dashboard:
The important players studied for presenting a detailed segmental analysis of the Global Textile Coatings Market are Lubrizol Corporation (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Clariant AG (Switzerland), Solvay SA (Belgium), Formulated Polymer Products Ltd. (U.K), BASF SE (Germany), Sumitomo Chemical Company (Japan), Omnova Solutions Inc. (U.S.), and Tanatex B.V. (Netherlands).
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Industry News:
In May 2019, Covestro AG, Bayer's materials science division, has presented sustainable developments in Insqin technology designed for aqueous Textile Coatings and water-based polyurethane dispersion at Techtextil 2019. These developments are introduced for enabling biodegradable Textile Coatings.
In May 2019, Archroma, a leader in specialty chemicals and sustainable solutions, has announced the launch of a break-through water-based textile coating binder named Appretan® NTR which is based on natural renewable ingredients.
Market Segmentation:
On the basis of Type of Coating, the Global Textile Coatings Market has been segmented into thermosets, thermoplastics, and others (silicon, fluoropolymers). The thermosets segment can be further sub-segmented into natural rubber, styrene-butadiene rubber (SBR), and others (nitrile rubber, butyl rubber, and others). The thermoplastics segment has been sub-segmented into polyvinyl chloride (PVC), acrylics, polyurethane (PU), polyolefins, and others.
On the basis of Coating Method, the Textile Coatings Market has been segmented into direct roll coating, direct coating, pad-dry-cure coating, hot melt extrusion coating, foamed & crushed foam coating, calendar coating, and others.
On the basis of End-User Industry, the Global Textile Coatings Market has been segmented into transportation, clothing, building & construction, healthcare, home furnishing, and others (packaging, agricultural industry, geotextiles).
Browse Key Industry Insights spread across 100 pages with 47 market data tables & 12 figures & charts from the report, “Textile Coatings Market Information: By Type of Coating (PVC, PU, Acrylics), A Coating Method (Direct, Direct Roll, Pad-Dry-Cure, Foamed & Crushed Foam, Hot Melt Extrusion, Calendar), End-Use Industry (Clothing, Transportation, Construction, Home Furnishing, Healthcare) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2027” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/textile-coatings-market-5913
Regional Analysis:
For an Exhaustive Geographical Assessment, the Global Textile Coatings Market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa (MEA). Asia Pacific is expected to hold the lion’s share of the market in the years to come. Increasing applications across the burgeoning industry verticals such as automotive, healthcare, construction, etc. is expected to increase the revenue generation of the market participants over the next few years in the region. In addition, the rising purchasing power of the population is also projected to favorably influence the growth pace of the Textile Coatings Market in the years to come.
Europe and North America are significant regional segments and are poised to contribute substantially to the development of the Global Textile Coatings Market over the next couple of years. The increasing demand for PU based Textile Coatings is prognosticated to drive the proliferation of the market in the foreseeable future.
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The global Specialty Nitrile Butadiene Rubber (NBR) Market Size was valued at $589.7million in 2018 and is forecast to grow between 2018-2026
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According to Supply Demand Market Research study, the global Specialty Nitrile Butadiene Rubber (NBR) market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Specialty Nitrile Butadiene Rubber (NBR) market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for Specialty Nitrile Butadiene Rubber (NBR).
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#Global Specialty Nitrile Butadiene Rubber NBR Market#Global Specialty Nitrile Butadiene Rubber NBR Market research#Global Specialty Nitrile Butadiene Rubber NBR Market report#Global Specialty Nitrile Butadiene Rubber NBR Market cost#Global Specialty Nitrile Butadiene Rubber NBR Market size
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PVDC Food Packaging Market 2020- Global Industry Analysis, By Manufacturers, Segmentation, Application, Demand And Forecast By 2025
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Specialty Nitrile Market is analyzed with industry experts in mind to maximize return on investment by providing clear information needed for informed business decisions. This research will help both established and new entrants to identify and analyze market needs, market size and competition. It explains the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities and the threats faced by key players.
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A 360 degree outline of the competitive scenario of the Global Specialty Nitrile Market is presented by Axel Reports Market Insights. It has a massive data allied to the recent product and technological developments in the markets.
It has a wide-ranging analysis of the impact of these advancements on the market’s future growth, wide-ranging analysis of these extensions on the market’s future growth. The research report studies the market in a detailed manner by explaining the key facets of the market that are foreseeable to have a countable stimulus on its developing extrapolations over the forecast period.
Reasons for buying this report:
It offers an analysis of changing competitive scenario.
For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
It offers seven-year assessment of Global Specialty Nitrile
It helps in understanding the major key product segments.
Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
It offers regional analysis of Global Specialty Nitrile Market along with business profiles of several stakeholders.
It offers massive data about trending factors that will influence the progress of the Global Specialty Nitrile
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By Market Players: Lanxess Zeon Chemicals Synthos Kumho Petrochemical JSR Corporation Sibur Holding Versalis Omnova Solutions LG Chemicals By Type Nitrile Butadiene Rubbers (NBR) Hydrogenated Nitrile Butadiene Rubber (HNBR) By Application Automobile Adhesives Oil Production Electrical Mechanical Engineering Consumer Goods Ship Building Others
A detailed outline of the Global Specialty Nitrile Market includes a comprehensive analysis of different verticals of businesses. North America, Latin America, Asia-Pacific, Africa, and Europe have been considered for the studies on the basis of several terminologies.
This is anticipated to drive the Global Specialty Nitrile Market over the forecast period. This research report covers the market landscape and its progress prospects in the near future. After studying key companies, the report focuses on the new entrants contributing to the growth of the market. Most companies in the Global Specialty Nitrile Market are currently adopting new technological trends in the market.
Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Specialty Nitrile Market. The feasibility of the new report is also measured in this research report.
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Table of Contents:
Global Specialty Nitrile Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Specialty Nitrile Market Forecast
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Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Size: Segments, Industry Analysis and Demand by 2025
The global hydrogenated nitrile butadiene rubber (HNBR) market is anticipated to showcase a healthy CAGR of 8.38% over the forecast period of 2018-2023, asserts Market Research Future (MRFR) in an extensive study. In terms of volume, the global hydrogenated nitrile butadiene market is expected to reach 2,019.3 kilo tons by the end of 2023.
The global Hydrogenated nitrile butadiene rubber Market Size is expected to catapult to USD 16,467.8 Mn by the end of 2013 from USD 10,215.8 Mn in 2017.
The primary factors shaping the growth of the global hydrogenated nitrile butadiene rubber market include increasing demand from diverse end-use industries such as automotive, medical, construction, oil & gas, and machinery. The automotive industry is a major end-use industry for HNBR where it experiences high demand in applications demanding high performance. Desirable properties of HNBR such as excellent resistance to oils & solvents, ozone & weather conditions, temperatures, and other superior mechanical properties lead to increased demand from the automotive industry. The rise in the operating temperatures in vehicles has resulted in the development of harsh automotive fluids such as engine oils and lubricants, which further necessitates the use of specialty elastomers with greater heat, fluid, and chemical resistance. HNBR is a prudent solution to this problem faced by the automotive industry.
The oil & gas industry to is a significant end user of hydrogenated nitrile butadiene rubber. They are used in industrial sealing for oil field exploration and processing. HNBR enhance drilling and zone isolation to maximize well production. Surging demand of HNBR in Enhanced Oil Recovery (EOR) along with increasing offshore drilling activities are expected to augment the growth of the market. In addition, they are used as rolls for steel and paper mills, which further drives the market growth.
HNBR is highly preferred as the material for the production of industrial gloves. They protect against mechanical hazards on account of its high thermal, oil, and chemical resistance. Besides, they are also used in the production of medical gloves due to their chemical or solvent resistance. Furthermore, the introduction of the world’s first lightweight nitrile glove in 2005 extended the use of HNBR in manufacturing industrial gloves.
On the downside, the growth of the global hydrogenated nitrile butadiene rubber market might be dampened by their high price as compared to their traditional counterparts. Not only are the materials used for the production of HNBR expensive also its manufacturing involves substantial costs.
Elastomer manufacturers are investing heavily in R&D activities to develop innovative grades of HBNR which can withstand harsh application environments is likely to present growth opportuni9ties to the global hydrogenated nitrile butadiene rubber market.
Competitive Landscape:
Polycomp, Arlanxeo, AirBoss of America Corp., MCM S.p.A., Precision Associates, Inc., ERIKS NV, Rahco Rubber, Inc., Mantaline, Trelleborg Sealing Solutions, and Zeon Corporation are the prominent players in the global hydrogenated nitrile butadiene rubber market.
Segmentation:
The global hydrogenated nitrile butadiene rubber market has been segmented on the basis of product and end-use industry.
On the basis of product, the global hydrogenated nitrile butadiene rubber market has been segmented into HNBR solid and HNBR latex.
By end-use industry, the global hydrogenated nitrile butadiene rubber market has been segmented into automotive, machinery, construction, medical, oil & gas, and others.
Regional Analysis:
Regionally, the global hydrogenated nitrile butadiene rubber market has been segmented into Asia Pacific (APAC), Europe, North America, Latin America, and the Middle East & Africa.
APAC is the largest market for HNBR and is likely to expand at a CAGR of 9.30% over the forecast period. Prolific growth of the automotive industry coupled with rapid industrialization in the region drives the market in APAC. Moreover, due to urbanization, the construction industry has been experiencing a boom consequently fueling the demand for HNBR. Another contributing factor is the presence of raw material suppliers in APAC which further drives the market.
Europe follows APAC closely and is deemed to be the second largest market for HNBR. Established automotive sector in the region and the presence of production base of various automotive companies in countries such as the UK, Germany, Italy, and Spain stimulates the growth of the Europe market. The Europe market is projected to capture a CAGR of 8.07% over the forecast period.
Rising industrial activities in the Middle East & Africa region induces high demand in the global hydrogenated nitrile butadiene rubber market which is likely to register a CAGR of 8.70% over the forecast period.
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Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market Trends and Growth Factors Analysis
Transparency Market Research (www.transparencymarketresearch.com) has released a new market report titled “Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the report, the global NBR powder market was valued at USD 275.6 million in 2012 and is anticipated to reach USD 425.7 million by 2019, growing at a CAGR of 6.5% from 2013 to 2019. In terms of volume, the global NBR powder market stood at 73,820.8 tons in 2012.
Browse the full Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 report at https://www.transparencymarketresearch.com/nbr-powder-market.html
Specialty forms of NBR continue to grow with increasing applications in different end-use industries. NBR powder finds key applications in PVC and other resin modification. It is also used as binder in frictional materials. Rising demand for auto components such as dashboards, kick panels, brake pads and brake lining from end-use industries, especially automobile, is the major driving factor for the NBR powder market. Growth in the two-wheeler market in emerging economies is likely to open up opportunities for the NBR powder market in the next few years. However, demand for NBR powder may decline in the PVC modification sector owing to the availability of potential substitutes such as thermoplastic elastomers and thermoplastic olefins.
NBR powder is available in two key types: linear and cross-linked or pre-cross-linked. The latter dominates the global NBR powder market. Cross-linked NBR (X-NBR) powder finds wide application in resin modification and frictional materials, while linear NBR powder is mainly consumed in the manufacture of seals and gaskets. Both the product types are expected to grow significantly in the next few years; however, cross-linked NBR powder is anticipated to be the fastest growing segment in terms of volume and is expected grow at a CAGR of 5.2% from 2013 to 2019.
Applications of NBR powder majorly comprise PVC modification, automotives, buildings, footwear, consumer goods and others including coatings and tubes. PVC modification is the largest application with over 48% share of the global market in 2012. It is also used in modification of other resins such as ABS and phenolic resins. With rising demand from frictional compounds, automotive is estimated to be the fastest growing market with a CAGR of 6.9% from 2013 to 2019, in terms of revenue. Growth in the vehicle sector has been driving the automotive application. This trend is projected to continue in the next few years, especially in Asia Pacific. Other applications such as footwear, buildings and consumer goods are likely to experience moderate growth with stable demand from end-use industries.
Asia Pacific leads the global NBR powder market with more than 44% of demand in 2012. Asia Pacific is expected to be the fastest growing region due to rising number of end-users such as auto part manufacturers, brake lining manufacturers, footwear manufacturers and others. Europe and Rest of the World followed Asia Pacific with a combined share of more the 40% of the global demand in 2012. North America accounts for the smallest share of the market. The region is experiencing sluggish growth due to a shift from NBR powder to other substitutes, specifically for PVC modification applications.
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The NBR powder market is moderately concentrated, with the top five players accounting for almost 38% of the global market. The NBR powder market comprises the organized as well as unorganized sector. The organized sector consists of established players such as Omnova Solutions, Lanxess AG, LG Chem and Zeon Chemicals.
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Nitrile Butadiene Rubber (NBR) Powder Market is Expected to Reach USD 425.7 million by 2019 – TMR
Transparency Market Research has released a new market report titled “Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”. According to the report, the global NBR powder market was valued at USD 275.6 million in 2012 and is anticipated to reach USD 425.7 million by 2019, growing at a CAGR of 6.5% from 2013 to 2019. In terms of volume, the global NBR powder market stood at 73,820.8 tons in 2012.
Specialty forms of NBR continue to grow with increasing applications in different end-use industries. NBR powder finds key applications in PVC and other resin modification. It is also used as binder in frictional materials. Rising demand for auto components such as dashboards, kick panels, brake pads and brake lining from end-use industries, especially automobile, is the major driving factor for the NBR powder market. Growth in the two-wheeler market in emerging economies is likely to open up opportunities for the NBR powder market in the next few years. However, demand for NBR powder may decline in the PVC modification sector owing to the availability of potential substitutes such as thermoplastic elastomers and thermoplastic olefins.
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NBR powder is available in two key types: linear and cross-linked or pre-cross-linked. The latter dominates the global NBR powder market. Cross-linked NBR (X-NBR) powder finds wide application in resin modification and frictional materials, while linear NBR powder is mainly consumed in the manufacture of seals and gaskets. Both the product types are expected to grow significantly in the next few years; however, cross-linked NBR powder is anticipated to be the fastest growing segment in terms of volume and is expected grow at a CAGR of 5.2% from 2013 to 2019.
Applications of NBR powder majorly comprise PVC modification, automotives, buildings, footwear, consumer goods and others including coatings and tubes. PVC modification is the largest application with over 48% share of the global market in 2012. It is also used in modification of other resins such as ABS and phenolic resins. With rising demand from frictional compounds, automotive is estimated to be the fastest growing market with a CAGR of 6.9% from 2013 to 2019, in terms of revenue. Growth in the vehicle sector has been driving the automotive application. This trend is projected to continue in the next few years, especially in Asia Pacific. Other applications such as footwear, buildings and consumer goods are likely to experience moderate growth with stable demand from end-use industries.
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Asia Pacific leads the global NBR powder market with more than 44% of demand in 2012. Asia Pacific is expected to be the fastest growing region due to rising number of end-users such as auto part manufacturers, brake lining manufacturers, footwear manufacturers and others. Europe and Rest of the World followed Asia Pacific with a combined share of more the 40% of the global demand in 2012. North America accounts for the smallest share of the market. The region is experiencing sluggish growth due to a shift from NBR powder to other substitutes, specifically for PVC modification applications.
The NBR powder market is moderately concentrated, with the top five players accounting for almost 38% of the global market. The NBR powder market comprises the organized as well as unorganized sector. The organized sector consists of established players such as Omnova Solutions, Lanxess AG, LG Chem and Zeon Chemicals.
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Specialty Elastomer Market - Size Global Industry Perspective, Top Manufacturers, Product Types ,Comprehensive Analysis Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027
Market Overview:
Specialty Elastomer is a Polymeric material synthesized by joining number of organic units in a linked manner. Specialty elastomer is a polymer based synthetic rubber. They are either thermoset based or thermoplastic based, wherein most of the specialty elastomers in the market are based on thermoplastic polymers. The product exhibit various properties such as long durability, high impact resistance and failure strain, low shrinkage, and better design flexibility. The specialty elastomer are used in numerous applications such as automotive, construction, electronic appliances, footwear making, and medical equipment, among others. Automotive industry, building & construction industry, and footwear making industry are the major end users of the Specialty Elastomer. The market is witness a high growth due to infrastructural expansion undertaken by both developing and developed countries and increasing demand from automotive sector.
The Global Elastomer Market is estimated to grow at a CAGR of ~5% to reach about USD 95 billion by the end of 2023, which is projected to boost the demand for Specialty Elastomer in the coming years.
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Competitive Analysis:
Key players in the Global Specialty Elastomer Market are BASF SE (Germany), The DOW Chemical Company (U.S.), JSR Corporation (Japan), LG Chem. (South Korea), LANXESS AG (Germany), Zeon Corporation (Japan), KURARAY CO., LTD. (Japan), Covestro AG (Germany), Teknor Apex (U.S.), and Exxon Mobil Corporation (U.S.), among others.
Market Segmentation:
The Global Specialty Elastomer Market is segmented on the basis of product, application, and region.
On the basis of the product, the market is divided into thermoplastic elastomer (TPE) (thermoplastic olefin (TPO), thermoplastic polyurethane (TPU), thermoplastic vulcunizate (TPV), styrene block copolymer (SBC), and others) and thermosetting elastomer (TSE) (styrene butadiene rubber (SBR), butyl rubber, polybutadiene rubber (PBR), nitrile rubber, ethylene propylene rubber (EPM), and others). The available Specialty Elastomers in the market are majorly based on TPE due to its vast applications starting from building and construction industry to footwear making industry. Within TPE, SBC is the largest segment and is projected to grow at the highest CAGR due to its applicability in high pressure-complex industrial process and better mechanical properties compared to its counterparts. On the other hand, thermoplastic based Specialty Elastomers are commercially suitable for a small range of applications.
On the basis of application, the market is categorized into automotive, medical, consumer goods, building & construction, electrical & electronics, industrial, and others. Among these applications, the automobile industry is estimated to hold a major share of the market during the forecast period. Additionally, increasing demand for light weight vehicle and advent of electric vehicle are the favoring the growth of this segment. Yet, the medical segment is projected to grow at the highest CAGR among other applications on account of its increasing usage in syringe tips, peristaltic tubes, seals, gaskets, gloves, and grips.
Regional Analysis:
Geographically, the Global Specialty Elastomer Market is divided into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Among these regions, Asia Pacific is holding 48% share of the global market in terms of market size. China and India are leaders in the regional market owing to rising construction activities and reviving footwear making industry in these countries.
North America is a significant region in the Global Specialty Elastomer Market following the Asia Pacific. Reconstruction projects undertaken by countries namely the U.S. and Canada is anticipated to boost the growth of the regional Specialty Elastomer Market.
Europe is a substantial region in the Global Specialty Elastomer Market. The demand for Specialty Elastomer in the automobile industry, for making interior of luxury cars, is propelling the growth of the regional Specialty Elastomer Market. Countries namely Germany, France and the U.K. are the major contributors to the regional market growth.
Other regions in the Global Specialty Elastomer Market are the Middle East & Africa and Latin America, wherein the Middle East & Africa is comparatively growing at higher rate. Huge investment potential and availability of raw material are estimated to push the growth of the market in this region. Latin America is expected to join the hand with the leading regions in the coming years.
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#Specialty Elastomer Market#Specialty Elastomer Market Forecast#Specialty Elastomer Market Trends#Specialty Elastomer Market Size
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Textile Coatings Market Forecast, Size, Growth, Opportunities, and Trends 2023
Market Synopsis:
Textile Coatings are gaining momentum and witnessing rising applications across major end-use industries. The assessment offered by Market Research Future (MRFR) has revealed that the Global Textile Coatings Market is poised to register a steady CAGR across the projection period 2017 to 2023. These Coatings enable depositing polymeric resin on Textiles. The benefits of the process have paved its way across different industry verticals.
The growth of the Clothing Industry is the major factor responsible for the development of the Textile Coatings Market in the forthcoming years. Increasing disposable income is likely to favor market expansion in the foreseeable future. These coatings are also extensively used in the automotive sector for the manufacturing of upholstery. The growing demand for vehicles is poised to encourage the revenue growth of the Textile Coatings Market in the years to come.
The construction sector has also unleashed developmental opportunities to the market. In addition, the rising demand for Textile Coatings for home furnishings is prognosticated to accelerate revenue generation for the players of the market over the next couple of years. On the flip side, rising environmental concerns, in conjunction with the implementation of stricter regulations, is poised to undermine the expansion of the Textile Coatings Market in the years to come.
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Competitive Dashboard:
The important players studied for presenting a detailed segmental analysis of the Global Textile Coatings Market are Lubrizol Corporation (U.S.), Covestro AG (Germany), Huntsman International LLC (U.S.), Clariant AG (Switzerland), Solvay SA (Belgium), Formulated Polymer Products Ltd. (U.K), BASF SE (Germany), Sumitomo Chemical Company (Japan), Omnova Solutions Inc. (U.S.), and Tanatex B.V. (Netherlands).
Industry News:
In May 2019, Covestro AG, Bayer's materials science division, has presented sustainable developments in Insqin technology designed for aqueous Textile Coatings and water-based polyurethane dispersion at Techtextil 2019. These developments are introduced for enabling biodegradable Textile Coatings.
In May 2019, Archroma, a leader in specialty chemicals and sustainable solutions, has announced the launch of a break-through water-based textile coating binder named Appretan® NTR which is based on natural renewable ingredients.
Market Segmentation:
Based on Type of Coating, the Global Textile Coatings Market has been segmented into thermosets, thermoplastics, and others (silicon, fluoropolymers). The thermosets segment can be further sub-segmented into natural rubber, styrene-butadiene rubber (SBR), and others (nitrile rubber, butyl rubber, and others). The thermoplastics segment has been sub-segmented into polyvinyl chloride (PVC), acrylics, polyurethane (PU), polyolefins, and others.
Based on Coating Method, the Textile Coatings Market has been segmented into direct roll coating, direct coating, pad-dry-cure coating, hot melt extrusion coating, foamed & crushed foam coating, calendar coating, and others.
Based on End-User Industry, the Global Textile Coatings Market has been segmented into transportation, clothing, building & construction, healthcare, home furnishing, and others (packaging, agricultural industry, geotextiles).
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Regional Analysis:
For an Exhaustive Geographical Assessment, the Global Textile Coatings Market has been segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa (MEA). Asia Pacific is expected to hold the lion’s share of the market in the years to come. Increasing applications across the burgeoning industry verticals such as automotive, healthcare, construction, etc. is expected to increase the revenue generation of the market participants over the next few years in the region. In addition, the rising purchasing power of the population is also projected to favorably influence the growth pace of the Textile Coatings Market in the years to come.
Europe and North America are significant regional segments and are poised to contribute substantially to the development of the Global Textile Coatings Market over the next couple of years. The increasing demand for PU based Textile Coatings is prognosticated to drive the proliferation of the market in the foreseeable future.
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