Directional Drilling Market - Global Industry Analysis, Trends and Forecast 2014 – 2020

Increasing demand for oil and natural gas has led to the rise in both on-shore and off-shore drilling activities across the world. On account of its higher productivity and throughput rates over conventional vertical drilling, directional drilling has gained immense popularity in recent years. Directional drilling is the process of drilling wherein the contractors attempt to alter or change the inclination or azimuth of the drill hole. This can be achieved through bottom hole assembly selections and, directional drilling or wedging tools. In order to change or control the direction of drilling holes, the drilling contractors need to plan and select a proper method to ensure smooth completion of the project. In the bottom hole assembly selection method, drilling contractors make use of longer reaming shells, stabilized full hole barrels and set parameters for the crew to gain a better control over the drill hole. Instead of steering the hole in a particular direction, this method minimizes the directional change of the drilling hole due to natural formation tendencies.

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In case of the directional or retrievable wedges, drilling contractors can cut a secondary hole off an existing hole. With the use of directional wedges, drilling crew is able to set up and control if a hole is heading off line. Contractors make use of retrievable wedges in cases where the client requires no piece of metal to be left in the drilled hole. With the use of such methods, drilling contractors are able to ensure cost effective and quicker completion of drilling project with higher quality.

One of the major factors driving the growth of directional drilling market is the sustained high oil prices across the world. With increasing need for higher productivity and efficiency of oil drilling process, there has been an increase in the demand for directional drilling. In addition, maturity of on-shore drilling sites has led to the exploration of numerous untapped off-shore resource sites. Oil and gas companies along with drilling contractors seek to make use of directional drilling to gain higher control on the direction of hole on such new sites. Another factor driving the demand for directional drilling market is the ability to retrieve the drilling spear and other drilling equipment from the hole. In cases where metal cannot be left in the drilled hole, directional drilling has offered a viable solution in achieving a precise and clear hole. Despite its immense benefits, the directional drilling market faces a few restraints due to environmental risks and strict government regulations. Companies in the directional drilling market need to deal with such challenges to carry out drilling activities across the world.

With increasing demand for deep and ultra-deep water oil and gas reserves, the directional drilling market has been lucrative in recent years. Companies in this market offer various directional drilling services, turbo-drills, mud motors, steering and measurement tools and rotary steerable systems. Companies seek to gain leverage of the increasing intensity of directionally and horizontally drilled wells across the world. Some of the key players in the directional drilling market include Transocean Offshore Deepwater Drilling, Inc., Halliburton Co., Baker Hughes, Inc., Ensco Plc., Weatherford International Plc., and Schlumberger Limited.

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Oil Refinery Market - Global Industry Analysis and Forecast 2014 – 2020

The global oil refinery market is expected to increase due to rising energy demand, evolving technology and new sources of the crude oil explored during the forecast period. In 2013, the global refinery capacity has increased significantly. Apart from Europe, refinery capacity has increased substantially worldwide.

A refinery is a processing facility that consists of various processing units that convert raw materials into different products. Some of the products produced in the refinery may need further processing. A refinery is used to process crude oil into various products and intermediates. Crude oil is transported to the refineries using pipelines. The first processing unit in the refinery is desalination. Crude oil contains various salts and impurities that can be harmful for the other processing units. All the impurities are not removed from the crude oil in desalination unit. After desalination crude oil passes through various preheat trains that increase the temperature of crude oil. The temperature is further increased using a heater before it enters the crude distillation unit (CDU). Crude oil is processed into a distillation column and separated into different components on the basis of boiling point. The component with low boiling points goes to the top of the tower and the one with the highest boiling point remains at the bottom of the distillation tower.

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The products from a crude distillation unit from top to bottom are liquefied petroleum gas (LPG), naphtha, gasoline, kerosene, diesel oils, fuel oil and residue. These products are further processed in various units to remove impurities such as sulfur and nitrogen. Residue from the crude oil is further processed in vacuum distillation unit (VDU). The products obtained from vacuum distillation units are light vaccine gas oil, heavy vacuum gas oil and base oils for manufacturing lubricants.

The global oil refinery market can be segmented on the basis of type of crude processed by the refinery into sweet crude and sour crude. Asia Pacific has the highest refining capacity followed by the North America. The refinery capacity of china has increased significantly. By the end of 2013, China’s refining capacity rose to 12.7 million barrels per day. China is the largest importer of crude oil and the increasing refinery capacity is due to the need to process such large amount of crude oil. China is planning to further increase its refining capacity in the coming year. The world’s largest refinery is owned by Reliance Industries. The refinery is situated in Jamnagar, India and has a capacity of 1.24 million barrels per day. Paraguana is the second largest refinery in the world and has a capacity of 955,000 barrels per day. Some of the factors driving the global oil refinery market are changing economies of developing countries, upgrades or revamps of a refinery to process new crude oil.

Some of the key players in the global oil refinery market are Abu Dhabi Oil Refining Company, Chevron Corporation, China National Petroleum Company, Conoco Phillips, ENI, Exxon Mobil, Hindustan Petroleum Corporation Limited, Total Oil, Kuwait Petroleum International, National Iranian Oil Company, Petroleos de Venezuela SA, National Iranian Oil Company, Essar Oil Limited, Saudi Aramco Lubricating Oil Refining Company and Reliance Industries Ltd.

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Magnetic Separator Market for Mining Industry - Global Industry Analysis and Forecast 2014 – 2020

The global mining industries are gaining importance due to the rising demand for advanced goods and appliances in industrial, commercial, and residential sectors. Magnetic separator is a device used in mining industries to separate out the impurities from the valuable mineral particles. Such minerals are further treated to be made usable in manufacturing of other commodities and devices. Hence, the success of a mining industry is integral to the development of magnetic separator market.

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A magnetic separator works on the principal of degrees of attraction between the magnetic particles and the magnet. Such device works by attracting the ferrous minerals or impurities whichever it may be. The extracted and treated minerals when undergoing magnetic separation process are placed on a moving conveyor belt in an electromagnetic field. The ferrous particles are strongly attracted to the magnet and get separated out from the mixture of minerals and impurities. There may be particles that may repel or show no reaction to such magnetic force. Such particles fall off the conveyor belt and are collected in separate collectors.

The growth of magnetic separator market is dependent upon the progress of the mining industries. With increasing industrialization and urbanization worldwide the mining industries are experiencing an evolution as a result of growing need for mined minerals especially by construction and manufacturing industries. In addition the rising commodity prices may result in growth of the mining industries and further result in magnetic separator market evolvement. The upcoming advanced magnetic separators with added functionalities such as energy saving, automatic cooling of electromagnets, increased purification capacity tend to minimize their maintenance and repair costs. The factor hindering the growth of magnetic separator market is the expensive research and development activities involved in such technology.

The Asia Pacific region is expected to be the largest market for magnetic separators. Mainly, India and China with their expanding manufacturing bases are increasingly demanding for high quality mined minerals for their manufacturing sectors. Further increasing radioactive mining activity in such nations is assumed to contribute in progression of magnetic separator market. The magnetic separator market is estimated to show high growth in North America rapid development of automotive and renewable industries which demand the use of superior tools and devices in their operations. Europe being gradually recovering from its ongoing economic downturn is likely to be cautious in its investments in such market. Hence, magnetic separator market is probable to experience a gradual development.

The magnetic separator market is segmented on the type of magnets used in magnetic separating equipments. Different magnets produce different degree of magnetic flux power. The various types of magnets include electro magnets, permanent magnets, and self cleaning magnets. Electro magnets are preferred in removal process of large ferrous pieces from the mineral gangue mixtures. Permanent magnets are used to separate out the tramp ferrous particles from the mineral ore. After the collection of such particles in the magnet, non metallic stainless steel is employed to remove them off the magnets. Self cleaning magnets are based on the combined technologies of both electro magnets and permanent magnets. Such magnets are capable of automatically removing and separating the magnetic and non magnetic particles from the mineral ore.

Some of the key players in the magnetic separator market for mining industry are Henan Caesar Heavy Machinery Co., Ltd., GIAMAG Technologies AS, Eriez Manufacturing Co., and STEINERT Elektromagnetbau GmbH.

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Transportation Fuel Market - Global Industry Analysis and Forecast 2014 – 2020

Fuels, either fossil or renewable in nature, that are used to power a mode of transportation are known as transport fuels. Any engine installed in a car, truck or an airplane requires a source of power generation, which can only be done if there is a fuel source to propel the engine. The evolution of transportation fuel can be dated back to the advent of Industrial Revolution, which brought about mechanical innovation. This also influenced the way man and material travelled across distances, and the need for covering long journeys in a short while grew quickly. As railway engines developed during 1763 to 1775, the need for diesel increased with it. Further down the timeline steam engines were later found to propel ships and cars started running on internal combustion engines. Technology progressed and developed air travel by the time the two World Wars were over. By the dawn of the new millennium, further advancement led to running of engines on bio-based fuels and/or renewable energy sources. This decade has already seen a minor part of the transportation sector being propelled by electricity in the form of battery recharging stations.

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The basic need for fuel to propel engines and the need for transportation are also the most important drivers of the transportation fuel market. Rise in population, increasing purchase power and rising standard of living are also responsible for the growth of the market. Demand can also be attributed to the growing number of automobiles, railway lines, ships and airplanes that are needed for the transportation of personnel and materials across regions. A major drawback of transportation fuels is their influence on the environment. Since most transportation fuels used till today are fossil fuel-based, they contribute more towards harming the environment. Furthermore, transportation fuels need to be refined from crude oil to generate high quality fuels in order to avoid corrosion of engines. Refining is a major step in making transportation fuels viable for use, which adds to the cost of the fuel and further deteriorates the environment in the form of effluents, both air and water based. Technological development will see a considerable increase in the use of bio-based and/or renewable energy sources to power engines, in the years to come.

Segmentation of the transportation fuel market can be done on the basis of applicable modes of transportation that they used in, such as, road, rail, air and sea. Despite this transportation fuel can be bifurcated based on the actual products, namely, aviation turbine fuel, compressed natural gas (CNG), gasoline, diesel, kerosene and liquid oxygen. Based on the type of engine, the market is fragmented into combustion engines and electrical engines. Combustion engines can be further subdivided into internal combustion, external combustion and air-breathing combustion.

Geographically, transportation fuel is not processed across the globe, but is demanded by and supplied to every country that runs transportation services within it. The regions covered are North America, Europe, Asia Pacific and Rest of the World (RoW).

Some of the key players in the processing of transportation fuel across the globe are: ExxonMobil Corporation, Royal Dutch Shell plc, BP plc, China Petroleum & Chemical Corporation (Sinopec Limited), Saudi Arabian Oil Company, Valero Energy Corporation, Chevron Corporation, Petróleo Brasileiro SA (Petrobras) and Phillips 66.

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Wood-Plastic Composites Market is set to expand and become organized during 2013 to 2019

Transparency Market Research (www.transparencymarketresearch.com) has released a new report titled “Wood-Plastic Composites (Polyethylene, Polypropylene, Polyvinyl Chloride and Others) Market for Building & Construction, Automotive, Electrical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” According to the report, the global wood-plastic composites market was valued at USD 2.64 billion in 2012 and is anticipated to reach USD 5.39 billion in 2019, expanding at a CAGR of 10.8% between 2013 and 2019.

Increasing demand for wood-plastic composites in the manufacture of building & construction products is estimated to boost the overall wood-plastic composites market over the next few years. Additionally, rising demand for wood-plastic composites to manufacture several interior components of automobiles is projected to fuel market growth. Wood-plastic composites help in reduction of the overall weight of the vehicle and in turn enhance its fuel efficiency. Furthermore, implementation of stringent environmental regulations restricting the use of 100% plastic or wood is expected to boost the demand for global wood-plastic composites. However, the development of other natural fiber composites such as straw fiber, fruit fiber, leaf fiber and seed fiber is likely to hamper the overall growth of wood-plastic composites market in the near future.

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Polyethylene wood-plastic composites dominated the global wood-plastic composites market in 2012. The major application of polyethylene wood-plastic composites is in building & construction industry. Polyvinyl chloride wood-plastic composite is expected to be the fastest growing product segment of the market during the forecast period owing to its growing application in window and decking applications.

Building & construction was the largest application segment of the wood-plastic composites and accounted for over 70% of the total volume demand in 2012. Exterior building & construction products manufactured using wood-plastic composites offer high resistance to staining, fading and scratching. Additionally, automotives is expected to be the fastest growing application of the market owing to the increasing substitution of conventional materials such as metals by wood-plastic composites.

North America was the largest market for wood-plastic composites in 2012 and the trend is expected to continue into the forecast period. However, Asia Pacific is anticipated to witness the fastest growth in the market over the forecast period. The Asia Pacific wood-plastic composites market is expected to grow at a CAGR of over 10% between 2013 and 2019. China plays a key role in driving Asia Pacific market due to huge production capacities for wood-plastic composites products.

The global wood-plastic composites market is highly fragmented in nature. Major players in the wood-plastic composites market include Trex Company Inc., Fiberon LLC., CPG International, Advanced Environmental Recycling Technologies (AERT) and Fineko. Entry of new players, especially in Asia Pacific, is likely to boost the overall market growth.

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This report segments the global wood-plastic composites market as follows:

Wood-Plastic Composites Market – Product Segment Analysis

- Polyethylene

- Polypropylene

- Polyvinyl chloride

- Others (ABS, polystyrene and polylactide)

Wood-Plastic Composites Market - Application Analysis

- Building & construction

- Automotive

- Electrical

- Others (Toys, trays, musical instruments, shoe soles, etc)

Wood-Plastic Composites Market - Regional Analysis

- North America

- Europe

- Asia-Pacific

- Rest of the World

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Magnetic Materials Market is Expected to Reach USD 87.18 Billion in 2019

According to a new report published by Transparency Market Research (www.transparencymarketresearch.com) “Magnetic Materials (Soft Magnetic, Permanent Magnetic and Semi-Hard Magnetic) Market For Automotive, Electronics, Energy Generation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” the global demand for magnetic materials was valued at USD 48.00 billion in 2012 and is expected to reach USD 87.18 billion in 2019, growing at a CAGR of 8.9% from 2013 to 2019.

Increasing demand for magnetic materials on account of the growing automotive industry is expected to be one of the major factors for the growth of the market. In addition, the growing consumption of soft and hard magnets in wind turbines in energy generation industries due to the rising demand for electricity is also expected to contribute towards the growth of the market. However, the fluctuating prices of rare earth metals, particularly, neodymium and dysprosium, is expected to restrain the growth of the market in the near future. The increasing application scope of magnets in hybrid electric vehicles (HEVs) coupled with growing demand for these vehicles are expected to favor the growth of the market over the next few years.

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Semi-hard magnetic materials exhibited the highest demand of all magnetic materials, accounting for over 55% of the market share in 2012. Semi-hard magnets are popularly used in relay magnets, magnetic chucks, sensor magnets and level sensors among others. In addition, semi-hard magnetic materials such as thin films are widely used in magnetic recording as recording media. Demand for other magnetic materials such as soft and hard magnets have been notably high on account of key factors such as easy availability, low price of ferrites, significant performance properties and rapidly growing industrialization. In addition, permanent magnets such as NdFeB are considered to be the strongest permanent magnets and the demand for these magnets has been growing significantly over the past few years.

The automotive applications segment exhibited the highest demand for magnetic materials of all the application segments in 2012. The growing automotive industry has been boosting the demand for magnetic materials as these products are being used for a wide range of applications such as gearbox, alternators, motors and pollution control among others. However, future market growth is anticipated to be from the energy generation application segment on account of rising demand for electricity due to various factors such as rapid industrialization and population growth. The energy generation segment is expected to grow at a CAGR of 8.8% between 2013 and 2019.

In 2012, the demand for magnetic materials was significantly high in Asia Pacific, accounting for 79.0% of the global demand. China has played a significant role in the growth of the magnetic materials industry owing to growing demand from manufacturing industries such as automotives and electronics. Europe was the second largest consumer in the magnetic materials market due to various factors such as high demand from current and emerging applications, modernization and development of infrastructure. Moreover, Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of rising demand for magnetic materials such as permanent magnets in other economies of Asia Pacific, due to the growth of wind power industry.

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Magnetic Materials Market - Product Segment Analysis

Soft magnetic materials

- Soft ferrite

- Electrical steel

Permanent magnetic materials

- Hard ferrite

- NdFeB

- SmCo

- Alnico

Semi-hard magnetic materials

Magnetic Materials Market - Application Analysis

- Automotive

- Electronics

- Energy generation

- Others (Including household applications, etc.)

Magnetic Materials Market - Regional Analysis

- North America

- Europe

- Asia-Pacific

- Rest of the World (RoW)

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Nitrile Butadiene Rubber (NBR) Powder Market is Expected to Reach USD 425.7 million by 2019

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Nitrile Butadiene Rubber Powder Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

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.

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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.

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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The report segments the global NBR powder market as:

NBR Powder Market: Product Segment Analysis

- Linear NBR powder

- Cross-linked NBR powder

NBR Powder Market: Application Segment Analysis

- PVC Modification

- Automotives

- Buildings

- Footwear

- Consumer Goods

- Others (Coatings, tubes, etc)

NBR Powder Market: Regional Segment Analysis

- North America

- Europe

- Asia Pacific

- Rest of the World (RoW)

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Global Polyester Fiber Market is Expected to Reach USD 110.86 Billion in 2019

According to a new report published by Transparency Market Research Polyester Fiber (Solid and Hollow) Market for Carpet & Rugs, Nonwoven Fabrics, Fiberfill and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, the global market for polyester fiber was valued at USD 62.46 billion in 2012 and is estimated to be USD 110.86 billion by 2019, growing at a CAGR of 8.6% from 2013 to 2019. In terms of volume, the demand was 37.85 million tons in 2012.

A rise in construction activities is expected to be one of the primary factors driving the demand for polyester fibers, given that residential and commercial flooring solutions are dominated by the carpets and rugs sector. The growing demand for nonwoven materials and products across various industries such as manufacturing, household, electronics, hospitality and automotives is also expected to augment the demand for polyester fibers. Furthermore, a growing demand for mattresses, coupled with technological advancement, is expected to fuel the demand for hollow fibers. However, market saturation in developed regions such as Europe and North America is expected to hamper overall market growth. Moreover, certain health hazards associated with polyester and regulations governing polyester manufacturing, its usage and disposal are expected to be another vital factor adversely affecting market demand.

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Solid fiber was the largest product type in the polyester fiber market and accounted for over 80% of the demand in 2012. This segment is expected to be the fastest growing on account of its wide application in sectors such as manufacturing industries, automobiles, marine, aviation, apparel and healthcare. Although hollow fibers are a small segment within the market, their increasing demand in nonwoven applications, particularly in the field of medicine, is expected to establish new growth opportunities.

Fiberfill was the largest segment in the market in 2012, followed by nonwoven fabrics and carpets and rugs. However, polyester fibers are expected to witness the highest demand growth rate from the carpets and rugs market as carpet manufacturers are increasingly manufacturing polyester-based carpets. The demand for polyester fiber in carpets & rugs segment is expected to grow at a CAGR of 6.0% between 2013 and 2019 in terms of volume. Fiberfill is expected to be the second fastest-growing segment owing to a rising demand for insulation materials.

Asia Pacific was the largest market for polyester fiber in 2012 and the trend is expected to continue over the next six years. Rapid industrialization, urbanization and increasing consumer disposable incomes are vital factors contributing to the growth of this market in the region over the next six years. Asia Pacific is expected to constitute a market share of over 85% by 2019. Furthermore, substantial GDP growth in BRIC countries over the next few years is expected to create new avenues for the growth of the polyester fibers market.

The global polyester fiber market is highly fragmented in nature owing to the presence of several small to large scale manufacturers. Reliance, Sinopec, Zhejiang Hengyi, Zhejiang Tongkun and Nan-Ya are some of the leading manufacturers of the market.

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Polyester Fiber Market – Product Segment Analysis

- Solid

- Hollow

Polyester Fiber Market - Application Analysis

- Carpets & rugs

- Nonwoven fabrics

- Fiberfill

- Others (Apparel, home textiles, industrial, etc.)

Polyester Fiber Market - Regional Analysis

- North America

- Europe

- Asia Pacific

- MENA

- Rest of the World (RoW)

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North America Hydraulic Fluid Connectors Market is Expected to Reach USD 4.74 Billion in 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Nitrile Butadiene Rubber Powder Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

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.

We are currently offering a flat 15% discount on all purchases until end of the March 2015:- http://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.

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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The report segments the global NBR powder market as:

NBR Powder Market: Product Segment Analysis

- Linear NBR powder

- Cross-linked NBR powder

NBR Powder Market: Application Segment Analysis

- PVC Modification

- Automotives

- Buildings

- Footwear

- Consumer Goods

- Others (Coatings, tubes, etc)

NBR Powder Market: Regional Segment Analysis

- North America

- Europe

- Asia Pacific

- Rest of the World (RoW)

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