Hydrogenated Nitrile Butadiene Rubber Market
Hydrogenated Nitrile Butadiene Rubber Market Analysis By Type (Solid, Latex), By End-use Industry (Automotive, Machinery, Oil & Gas, Medical, Construction) & By Region – Global Market Insights (2023 to 2033)
Analysis of Hydrogenated Nitrile Butadiene Rubber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydrogenated Nitrile Butadiene Rubber Market Outlook (2023 to 2033)
The global hydrogenated nitrile butadiene rubber market, as detailed in the research report by Fact.MR, generated sales amounting to US$ 15.35 billion in 2022. From 2023 to 2033, the market is predicted to advance at 7.7% CAGR and reach a size of US$ 34.7 billion by 2033-end.
Better tolerance, ozone resistance, and high strength of hydrogenated nitrile butadiene rubber (HNBR) are predicted to boost its demand for oil drilling. Moreover, the splendid retention and strength of HNBR contribute to its use in several sectors including machinery, construction, oil & gas, and automotive. Novel trends in engine designs are pushing the need to incorporate more advanced and high-performance materials to manufacture timing belts.
Key Market Growth Drivers
- Stringent environmental regulations are predicted to lead to increased demand for hydrogenated nitrile butadiene rubber as an environmentally friendly alternative to certain traditional rubber compounds.
- Growing use of HNBR in the renewable energy sector, including solar panel manufacturing and wind turbine seals, is owing to its resistance to harsh conditions and durability.
High chemical or solvent resistance of HNBR along with exceptional thermal stability makes it a commonly preferred material to manufacture medical non-latex gloves. The rising preference for high-quality rubber is predicted to stimulate demand for advancements in the rubber manufacturing process. The ability of HNBR to maintain properties even after getting exposed to chemicals, gasoline, and heat is one of the prominent reasons contributing to product demand.
- The automotive segment held 47.2% share of the market in 2022.
- Worldwide demand for solid HNBR is projected to accelerate at a CAGR of 8.6% from 2023 to 2033.
Hydrogenated nitrile butadiene rubber finds application in the aerospace industry owing to its resistance to chemicals and high temperatures. Further, constant evaluation in the aerospace and defense sectors is projected to boost the need for specialized rubber materials, including HNBR.
|Hydrogenated Nitrile Butadiene Rubber Market Size (2022A)||US$ 15.35 Billion|
|Estimated Market Value (2023E)||US$ 16.52 Billion|
|Forecasted Market Value (2033F)||US$ 34.7 Billion|
|Global Market Growth Rate (2023 to 2033)||7.7% CAGR|
|Revenue Share of Solid HNBR (2022)||67.2%|
|Sales of Hydrogenated Nitrile Butadiene Rubber in Automotive Sector (2033F)||US$ 12.22 Billion|
|European Market Growth Rate (2023 to 2033)||8.1% CAGR|
|Key Companies Profiled||
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Why is Demand for Hydrogenated Nitrile Butadiene Rubber Increasing Significantly?
“Remarkable Resistance of HNBR to Automotive Fluids”
The automotive sector is extensively dependent on HNBR as a pivotal material in several applications. The exceptional properties of HNBR make it a popular choice for the production of O-rings, gaskets, and seals. These compounds play an integral role in the functioning of different vehicles.
HNBR components are used in braking systems, transmission, engines, and several other critical vehicle parts. The remarkable resistance of HNBR to automotive fluids, including transmission fluids, coolants, and motor oils is contributing to its popularity. The ability to maintain sealing performance and integrity in contact with the abovementioned fluids is pivotal in preventing leaks and ensuring the smooth operation of vehicles.
“HNBR Enhancing Reliability and Performance of Oil & Gas Production Equipment”
The oil & gas industry is considered one of the most demanding industries using materials in components and equipment to withstand extreme conditions, including high-pressure environments and corrosive chemicals. The oil and gas industry functions under high-pressure conditions, encompassing hydraulic systems, deep-sea drilling, and more.
Resistance of hydrogenated nitrile butadiene rubber to several corrosive chemicals is predicted to enhance its suitability for application in seals, valves, pumps, and similar pivotal equipment. Performance and longevity of equipment are safeguarded with the use of HNBR.
Why are Sales of Hydrogenated Nitrile Butadiene Rubber Being Adversely Impacted to Some Extent?
“High Manufacturing Cost of HNBR”
The manufacturing cost of HNBR is higher than its traditional counterparts, which is estimated to dampen the demand for this compound. Due to this, the prices of end products increase, which further hit their sales. This is acting as a restraint to market growth to some extent.
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How Should New Companies Tread in the HNDR Market?
“Increased R&D Investments for Quality Improvement and Cost Reduction”
Start-ups need to invest in R&D activities for the development of new hydrogenated nitrile butadiene rubber grades to survive adverse and harsh weather conditions. In addition, constant technological advancements in manufacturing technologies and processes are projected to lead to improved quality, cost reductions, and a wider application range.
Multinational firms from North America are conducting R&D activities to produce high-performance HNBR elastomers. In addition, the presence of various rubber processing companies is also predicted to contribute to the rising demand for hydrogenated nitrile butadiene rubber. Demand for hydrogenated nitrile butadiene rubber in Europe is predicted to increase at a CAGR of 8.1% through 2033 owing to the presence of a large automotive base.
Why is Demand for Hydrogenated Nitrile Butadiene Rubber Growing in the United States?
“Extensive Use of HVBR in Automobile Production”
The United States is estimated to hold a noticeable share of the North American market because of the presence of some renowned manufacturers, including Lord Corp., TG North America Corp., etc. These companies export their respective products to Asia Pacific and Europe. Moreover, the car industry is emerging as one of the prominent users of HNBD.
Which Markets in Europe are Attracting HNBR Manufacturers?
“Well-established Automotive Sector in Germany, Spain, and France”
Germany, Spain, and France are some key automotive manufacturers in the European market that are driving sales of hydrogenated nitrile butadiene rubber. Audi, Mercedes-Benz, BMW, and Volkswagen are some prominent companies operating in the region. This large automotive base in these countries is projected to cushion the demand for hydrogenated nitrile butadiene rubber.
What Initiatives by Companies in China and India are Leading to Market Growth?
“Adoption of Advanced Production Technologies Contributing to Higher Revenue Streams”
Noticeable growth of the construction, oil & gas, and automotive sectors because of fast-paced urbanization and industrialization in China and India are projected to drive opportunities for suppliers of HNBR. In addition, increasing government initiatives in China and India to encourage rubber production are also predicted to contribute to market expansion.
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Solid HNBR accounted for a 67.2% share of the global market revenue in 2022 due to its increased application in the production of automotive goods. Demand for HNBR from the automotive sector is anticipated to reach US$ 12.22 billion by 2033-end due to its high mechanical strength.
Which Form of HNBR is Exhibiting Increased Demand?
“High Demand for Solid HNBR Due to its Excellent Fuel and Heat Resistance Properties”
Fact.MR, a market research and competitive intelligence provider, in its recently published report, mentioned that HNBR solid held 67.2% share of the market in 2022. Further, sales of solid HNBR are projected to advance at 8.6% CAGR through 2033. Demand for solid HNBR is predicted to grow further because of its excellent resistance to fuel and heat, making it ideal for application in the automotive sector.
HNBR is also used in the manufacturing of automotive goods, including wiper seals, pipes, static & rotary seals, and hoses, as it is resistant to grease. The contribution of solid HNBR in decreasing the total price and weight of automobiles is also serving as an additional bonus to market growth.
Why is Use of HNBR Accelerating in the Automotive Sector?
“Increasing Use of HNBR Due to Its Excellent Oxidation and Heat Stability”
Worldwide demand for HNBR from the automotive sector is anticipated to reach a value of US$ 12.22 billion by 2033. Further, the automotive segment held a market share of 47.2% in 2022 due to its noteworthy expansion in the forecasted period.
For instance :
- A report published by the Crescendo Worldwide Organization in 2019 mentioned that the worldwide production of automobiles was estimated at 92 million in the same year. This production is projected to accelerate at a 20.8% CAGR through 2028.
HNBR is used in the automotive sector for producing hoses, seals, and belts due to its high mechanical strength, superior resistance to fuels, and excellent oxidation and heat stability.
Suppliers of HNBR are incorporating multiple strategies to gain a competitive edge, including new developments, ensuring quality control of products, and efficient management of supply chain systems. Investments, capacity expansion, collaborations, etc. are some strategies adopted by players to increase their profit share.
For instance :
- Zeon Corporation, in November 2022, increased capacity for Zetpot HNBR at its plant in Texas. This initiative is predicted to help the company to expand its capacity by 25%.
- ARLANXEO is one of the prominent producers of synthetic rubber. In May 2022, the company took the initiative to strengthen its position with an investment in its unit in Leverkusen (Germany).
Key players in the hydrogenated nitrile butadiene rubber market are JSR Corporation, OMNOVA Solutions Inc., Rahco Rubber, Inc., Zeon Corporation, ARLANXEO, Sibur Holding, Versalis S.p.A., Lianda Corporation, Kumho Petrochemical Co., Ltd., and Synthos S.A.
Segmentation of Hydrogenated Nitrile Butadiene Rubber Market Research
By Type :
- HNBR Solid
- HNBR Latex
By End-use Industry :
- Oil & Gas
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global hydrogenated nitrile butadiene rubber market reached US$ 15.35 billion in 2022.
Sales of hydrogenated nitrile butadiene rubber stand at US$ 16.52 billion in 2023.
The global HNBR market is set to reach a valuation of US$ 34.7 billion by 2033-end.
Demand for HNBR is projected to rise at 7.7% CAGR from 2023 to 2033.
Demand for hydrogenated nitrile butadiene rubber from the automotive sector is projected to reach a market value of US$ 12.22 billion by 2033-end.
Sales of HNBR in Europe are predicted to advance at 8.1% CAGR through 2033.
HNBR materials come with slightly improved ozone resistance and are more durable in high-temperature environments.