The global market for Hydrogenated Nitrile Butadiene Rubber was valued at US$ 10,582.4 Mn in 2017. The market is forecast to expand at a CAGR of 7.6% by value during the forecast period, 2018-2027.
Hydrogenated Nitrile Butadiene Rubber is the synthetic rubber having retention properties and physical strength after the long term exposure to chemicals, oils and heat.
It is also known as highly saturated nitrile. The hydrogenated nitrile butadiene rubber widely used in automotive industry to manufacture O-rings for air conditioning system.
According to the product type, Hydrogenated Nitrile Butadiene Rubber market can be segmented as Solid and Latex.
According to the application, Hydrogenated Nitrile Butadiene Rubber can be segmented as Hoses, Diaphragms & Seals, Timing Belts, O-Rings & Gaskets and others.
The market segmented on the basis of end use industry as Automotive, Oil & Gas, Food & Pharmaceutical, Chemical, Medical and Other Industrial applications.
Drivers & Restraints
Rubber is a staple commodity in industrial supply chains but the price is extremely volatile and is currently at record lows. Indonesia, Thailand, and Malaysia account for almost 70% of natural rubber and they have cut their exports as a result of plummeting prices.
Thus, there is a shift towards synthetic rubbers such as hydrogenated nitrile butadiene rubber, especially in emerging economies. As the world’s population is growing rapidly, urbanization is the need of the hour.
A large middle class demands real estate and self-mobility as both are usually viewed as a status symbol. Synthetic rubbers find widespread application in high-performance products directly contributing to the growth of the hydrogenated nitrile butadiene rubber market.
The automotive industry is growing at a healthy clip and this is forecasted to continue in the medium term. Global auto sales have been largely driven by countries such as China, India, Indonesia, and Mexico.
The automotive industry is the largest customer of the hydrogenated nitrile butadiene rubber market. Products such as O-rings, seals, synchronous timing belts, suspension parts, mountings, hoses, fan belts all necessitate frequent replacement benefiting the global hydrogenated nitrile butadiene rubber market.
Synthetic rubber such as hydrogenated nitrile butadiene rubber is deployed in a wide variety of end-uses.
Hydrogenated nitrile butadiene rubber is used in industries ranging from the automotive, pharmaceutical, construction, and chemical industry. The tire producing industry consumes the bulk of the global production of hydrogenated nitrile butadiene rubber.
Along with automotive tires, hydrogenated nitrile butadiene rubber is useful in the manufacturing of industrial rubber, automotive components, footwear, and adhesives.
Due to its low heat buildup hydrogenated nitrile butadiene rubber is used by major tire manufacturers and is heavily promoted by them as a superior alternative to natural rubber. In the construction industry, hydrogenated nitrile butadiene rubber is used in windows, pipes, flooring, sound insulation, and roofing.
Thermoplastic elastomers are increasingly being used as a substitute for both synthetic and natural rubber in several applications in the construction, footwear, automotive, and electronic industry.
Thermoplastic elastomers have successfully replaced synthetic rubbers to a large extent and the discovery of newer applications of thermoplastic elastomers could restrain growth in the hydrogenated nitrile butadiene rubber market.
For a comprehensive analysis of all the prominent factors in the hydrogenated nitrile butadiene rubber market, request a sample.
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APEJ, Prominent Producer & Consumer of the Hydrogenated Nitrile Butadiene Rubber
APEJ is estimated to account for considerable value share in the global Hydrogenated Nitrile Butadiene Rubber market in the year 2017, and the market share in US $ is anticipated to get near about one and half times during the forecast period, 2018-2027.
The continent is steered by the maximum production of Hydrogenated Nitrile Butadiene Rubber and also continue to demand maximum for Hydrogenated Nitrile Butadiene Rubber.
In the past few years, the governments of rubber producing countries such as Vietnam, Sri Lanka, Thailand, Malaysia, Indonesia, and India have been providing economic assistance to farmers engaged in the cultivation of rubber.
Furthermore, the government is supporting rubber manufacturing units with favorable policies including tax breaks, subsidies, custom duty waivers, etc. For e.g. – Excessive monsoonal rainfall in India almost five years ago reduced the rubber production of that year.
The Indian govt. helped rubber manufacturing firms and growers various offers such as planting, trade fairs, buyer-seller meets, and exhibitions.
The aforementioned factors are expected to enhance the growth rate over the forecast period in the Hydrogenated Nitrile Butadiene Rubber market by the end of 2027.
Global Hydrogenated Nitrile Butadiene Rubber Market: Competition Dashboard
Fact.MR has profiled some leading companies in the Hydrogenated Nitrile Butadiene Rubber market such as Rahco Rubber, Inc., JSR Corporation, Kumho Petrochemical Co., Ltd., Zeon Corporation, Sibur Holding, ARLANXEO, Versalis S.p.A., OMNOVA Solutions Inc., Lianda Corporation, Synthos S.A., and others located across the globe.
The prominent market players in hydrogenated nitrile butadiene rubber market are concentrating on the extension of their production abilities and vertical integration for business development.
Moreover, the players are investing to expand the distribution network and empower the business relationship. The marketing strategy by manufacturers is expected to contribute for the growth of hydrogenated nitrile butadiene rubber market in the forecast period, 2018-2027.
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Global Hydrogenated Nitrile Butadiene Rubber Market: Key Insights
The Hydrogenated Nitrile Butadiene Rubber market has grown consistently at a growth rate of 7.6%, and the market has been escalating at a significant pace.
The growth of the automotive industry and chemical industry impacts the demand for Hydrogenated Nitrile Butadiene Rubber and also increases the market competitiveness.
The Hydrogenated Nitrile Butadiene Rubber market is envisioned to observe an impressive rise in the forecast period 2018 to 2027, according to a new Fact.MR study. The study propounds key trends that are currently shaping the growth of the Hydrogenated Nitrile Butadiene Rubber market.
This newly published and insightful report sheds light on key dynamics, which are expected to transform future of the Hydrogenated Nitrile Butadiene Rubber market, in turn creating lucrative avenues for prominent companies as well as emerging players associated with the manufacturing of Hydrogenated Nitrile Butadiene Rubber.
The Hydrogenated Nitrile Butadiene Rubber market study is an intricate market intelligence on key revenue growth determinants, challenges, industry trends, and opportunities, which will eventually influence the growth trajectory of the Hydrogenated Nitrile Butadiene Rubber market.
The report initially imparts an overview of the Hydrogenated Nitrile Butadiene Rubber market, considering current and future growth in industry prospects, to unveil attractive facets appertaining to the adoption of Hydrogenated Nitrile Butadiene Rubber across key regional markets.
An in-depth assessment on few of the Hydrogenated Nitrile Butadiene Rubber manufacturers offered in the report enables the report readers to gain detailed insights that have derived from the business performance, and value chain analysis across the regional markets incorporated in the report.
A list of key companies operating in the Hydrogenated Nitrile Butadiene Rubber market provided in the report adds to the credibility of this exhaustive research study.
Hydrogenated Nitrile Butadiene Rubber Market: Report Summary and Scope
The study offers detailed intelligence on different factors influencing demand, and revenue generation in the Hydrogenated Nitrile Butadiene Rubber market around the world.
The opportunity analysis included in the report is beneficial for the readers to understand better opportunities in the chemical industry sector, which will, in turn, trigger the adoption of the Hydrogenated Nitrile Butadiene Rubber.
An elaborated cost structure analysis provides the report with innate completeness, and study offered on the cost structure involves all the regional markets incorporated
A detailed forecast on the Hydrogenated Nitrile Butadiene Rubber market has also been offered by the analysts, who have categorized the market forecasts concerning a likely scenario, conservative scenario, and an optimistic scenario regarding service of the Hydrogenated Nitrile Butadiene Rubber during the period of forecast.Segmentation of the Hydrogenated Nitrile Butadiene Rubber market has provided in the form of a taxonomy table in the report.
Hydrogenated Nitrile Butadiene Rubber Market: Analysis of Market Size Evaluation
Current and prospects of the Hydrogenated Nitrile Butadiene Rubber market, containing current as well as future projected values forecast, and analysis on region-wise demand trends have incorporated in the report.
Assessment offered on the factors mentioned above is comprehensive, and dedicated weighted chapters have delivered on the same.
Market valuation at global and regional scale for the Hydrogenated Nitrile Butadiene Rubber is offered in terms of “US$ Mn.” And A Y-o-Y growth comparison on key Hydrogenated Nitrile Butadiene Rubber market segments, along with the market attractiveness assessment quantifies insights delivered in the report.
Aforementioned metrics are also tracked based on Hydrogenated Nitrile Butadiene Rubber product type, application, and end use industry where Hydrogenated Nitrile Butadiene Rubber witnesses’ consistent demand.
Hydrogenated Nitrile Butadiene Rubber Market: Scrutinized Assessment on Regional Segments
Weighted chapters have included in the report on the Hydrogenated Nitrile Butadiene Rubber market, which imparts forecast on the regional markets.
These chapters illuminate the regional macros (business, economic, and political environment outlook), which are most likely expected to have a significant impact on the growth of the Hydrogenated Nitrile Butadiene Rubber market in the near future. We have included regions such as North America, Latin America, Europe, Japan, APEJ and MEA in our detailed report.
Country-specific assessment on demand for the Hydrogenated Nitrile Butadiene Rubber has provided for each regional market, along with the market size valuation and forecast, and impact analysis of key regional and country-wise dynamics.
Y-o-Y growth projections have also offered on all regional markets incorporated in the report. Moreover, we also included the segment wise assessment on demand for the Hydrogenated Nitrile Butadiene Rubber market for every region.
Hydrogenated Nitrile Butadiene Rubber Market: In-depth Analysis of Competitive Landscape
The report concludes with a weighted chapter on the competitive landscape of the Hydrogenated Nitrile Butadiene Rubber market, which profiles key companies contributing to the market expansion.
Up-to-date and essential data as well as knowledge related to the market players, who predominantly engage in providing the Hydrogenated Nitrile Butadiene Rubber, has been delivered with the help of a dashboard view. Market share comparison and analysis of these market players offered in the report enables the report readers to devise strategic steps forward for their businesses.
Company profiles have incorporated in the report, which exerts details such as manufacturing of Hydrogenated Nitrile Butadiene Rubber, along with brand mapping of each player identified together with the company strategies identification and analysis.
The intensity mapping of the market players operating in the Hydrogenated Nitrile Butadiene Rubber market provides readers with actionable intelligence, which helps in understanding the current market status, and prospects determining competition levels in the Hydrogenated Nitrile Butadiene Rubber market.
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