Global Hydrogenated Nitrile Butadiene Rubber Market Analysis, Trends and Insights 2020- 2026
Summary - A new market study,
titled “Global Hydrogenated Nitrile Butadiene Rubber Market Research
Report - Forecast to 2023 ” has been featured on
WiseGuyReports.
Hydrogenated Nitrile Butadiene
Rubber (HNBR) is a derivative of nitrile rubber, which is hydrogenated in a
solution using precious metal catalysts. It is a new class of chemically
modified NBR, and offers better wear and extrusion resistance as well as
excellent resistance to mineral oil-based hydraulic fluids, animal and
vegetable fats, diesel fuel, and dilute acids and bases as compared to NBR.
Additionally, it has good chemical compatibility with fluids and gases.
The global HNBR market was valued
at USD 11,010.5 million in 2018 and is projected to reach USD 16,467.8 million
by 2023 at a CAGR of 8.38%. The global HNBR market is primarily driven by the
increasing demand from the major end-use industries such as automotive, oil
& gas, constructon, and machinery. The automotive industry is the largest
consumer of HNBR for dynamic and static hoses, seals, gaskets, and belts. The
increasing use of high-performance lightweight materials in the automotive
industry due to strict emission regulations in developed and the developing
economies is driving the demand for HNBR in the automotive industry. For
instance, the total automotive production across the globe in 2017 stood at
97,302,534 units. Moreover, the demand for HNBR also increases due to the
rising use in industrial and medical gloves owing to its high thermal, oil, and
chemical resistance. These proeprties make HNBR an excellent choice of material
for manufacturing medical non-latex gloves. The rising demand for safety gloves
in the major end-use industries such as oil & gas, chemicals, and
healthcare is likely to propel market growth in the coming years. However, the
high cost of HNBR is a restraining factor to the market growth.
The manufacturers in the global
market are focusing on strategic growth initiatives such as product launch and
capacity expansion to strengthen their market position and meet the growing
demand in the automotive, healthcare, and construction, among others. For
instance, in July 2018, Arlanxeo presented its new terpolymer Therban ST3107 VP
at German Rubber Conference, 2018. The new product has an innovative termonomer
and can reduce the glass transition temperature by up to 10°C in rubber
compounds, while maintaining excellent oil resistance.
Regional Analysis
The global HNBR market, by region,
is spanned across five regions, namely Asia-Pacific, North America, Europe,
Latin America, and the Middle East & Africa. Asia-Pacific accounted for
around 41% of the global market share and was valued at USD 4,593.4 million in
2018 and is expected to reach USD 7,165.8 million at a CAGR of 9.30% during the
assessment period. The growth of the regional market is attributed to the
increasing use of HNBR in major end-use industries such as automotive, construction,
and medical.
Europe was the second-largest
regional market in 2018, registering a healthy CAGR of 8.07% projecetd to reach
USD 4,198.7 million by end of 2023.
Segmentation
The global market has been
segmented on the basis of product, end-use industry, and region. On the basis
of product, the global HNBR market has been divided into HNBR solid, HNBR
latex, and others. HNBR solid and HNBR latex are further segmented on the basis
of application. HNBR solid is segmented into belts & cables, seals &
O-rings, hoses, adhesives & sealants, foamed products, and others whereas
the HNBR latex is segmented into non-woven fabric, films & coatings, paper
saturation, and others. HNBR solid accounted for more than 65% of the market
share in 2018; and is expected to reach a value of USD 11,189.0 million by
2023. Belts & Cables sub-segment was valued at USD 2,578.6 million in 2018
and is projected to register a CAGR of 9.99%. Among the end-use industry
segment, the automotive industry was leading the global market with a value of
USD 5,696.4 million in 2018; it is expected to register a significant CAGR of
9.13% during the assessment period.
Key Players
Some of the key players operating
in the global HNBR market are Arlanxeo (the Netherlands), Zeon Corporation
(US), AirBoss of America Corp. (Canada), Precision Associates, Inc.(US),
Polycomp (the Netherlands), ERIKS NV (the Netherlands), Rahco Rubber, Inc.
(US), Mantaline (US), Trelleborg Sealing Solutions (US), and MCM S.p.A.
(Italy).
Geographic Analysis
The report covers a brief analysis
of geographies including:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Russia
o France
o Spain
o Italy
o Poland
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Thailand
o Australia & New Zealand
o Rest of Asia-Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o Rest of Middle East and Africa
.
Key Findings
The global HNBR market was valued
at USD 11,010.5 million in 2018 and is projected to reach USD 16,467.8 million
by 2023 at a CAGR of 8.38%. The HNBR solid product segment accounted for the
largest market share in 2018, and is projected to be valued at USD 11,189.0
million by 2023.
The automotive end-use industry
segment accounted for the largest market share in 2018 and is projected to
register the highest CAGR of 9.13% during the review period.
Asia-Pacific dominated the global
market in 2018 and is projected to register a CAGR of 9.30% during the forecast
period of 2018–2023.
Intended Audience
• Hydrogenated Nitrile Butadiene
Rubber Manufacturers
• Traders and Distributors of HNBR
• Potential Investors
• Raw Material Suppliers
DC – Description
• elastomeric materials
• rubber
• elasticity
• chemical resistance
• nitrile rubber
• oil-resistant elastomers
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4056692-global-hydrogenated-nitrile-butadiene-rubber-market-research-report
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