Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Size, Share, Price, Value, Analysis, Report and Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Analysis, Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global hydrogenated nitrile butadiene rubber (HNBR) market, assessing the market based on its segments like end uses, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 20.3%
The hydrogenated nitrile butadiene rubber (HNBR) market is being driven by the increasing demand for the downstream product of this elastomer such as O-rings, hoses, and diaphragms, among others, from various end use industries. Over the forecast period, the anticipated increase in application of hydrogenated nitrile butadiene rubber (HNBR) in the automotive industry to provide fuel resistance, coolants, and various other media, is likely to accelerate the market growth.
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In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the lucrative opportunities offered to the various end-use industries of hydrogenated nitrile butadiene rubber (HNBR) such as automotive, oil and gas, among others.
Hydrogenated Nitrile Butadiene Rubber (HNBR) Industry Definition and Major Segments
Hydrogenated nitrile butadiene rubber (HNBR) refers to a solid rubber material which is procured by mixing butadiene segments with hydrogen atoms. It is a unique high-performance elastomer which exhibits excellent oxidation resistance, colourability and tear and impact resistance. In addition, these elastomers can withstand extremely high temperatures.
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On the basis of end use, the market can be segmented into:
- Automotive
- Machinery
- Oil and Gas
- Construction
- Medical
- Others
The significant applications of the product include:
- Hoses
- Diaphragms
- Timing Belts
- O-rings
- Seals and Gaskets
- Others
The regional markets for hydrogenated nitrile butadiene rubber (HNBR) include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Trends
The key trends in the hydrogenated nitrile butadiene rubber (HNBR) market include the technological advancements in the industries, such as construction and machinery, owing to the rapid industrialisation across the emerging economies. The increasing competition in industries such as automotive, owing to the growing research and development activities by the major market players is likely to be a crucial trend in the market.
Moreover, the economic assistance and favourable policies introduced by the government of leading elastomer and rubber producing countries, aimed towards augmenting the economy, are likely to provide impetus to the market growth in the coming years.
Key Market Players
The major players in the market are Zeon Corporation, Rahco Rubber, Inc., Polycomp BV, Ge Mao Rubber Industrial Co., Ltd Inc., and ARLANXEO Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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