According to Acumen Research and Consulting, the global hydrogenated nitrile butadiene rubber market is poised to grow at a CAGR around 7.5 % throughout the forecast period and reach around US$ 10.5 billion by 2026.
The synthetic rubber with its retention and physical strength is hydrogenated butadiene butadiene rubber following long-term exposure to chemicals, oils and heat. It is also called very saturated nitrile. The hydrogenated butadiene nitrile rubber is commonly used in automotive manufacturing to produce air conditioning O-rings.
The report provides analysis of global Hydrogenated Nitrile Butadiene Rubber market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Due to the changes in nitrile butadiene (NBR) preference towards hydrogenated nitrile butadiene rubber (HNBR) the HNBR became one of the rapidly increasing raw materials for rubber products manufacturing. The ever growing preference of consumers for high-quality rubber demands a shift in the rubber manufacturing method. Hydrogenated nitrile butadene rubber is the center of attention in many automotive, building, petroleum and gas and equipment applications, due to its physical strength and magnificent retention characteristics. In the 2018 markets of hydrogenated nitrile butadiene rubber, automotive sector alone accounted of 47 percent. Given its popularity and contribution to the development of the synthetic rubber sector in many industrial applications, companies strive to increase their manufacturing capacity for HNBR. ARC has performed comprehensive studies on the hydrogenated butadien nitrile rubber industry by sensing the elevated demand for hydrogenated nitrile butadiene rubber in the end-use industry and volatility in natural rubber prices, resulting in a change towards synthetic rubber. ARC reveals the main trends in the hydrogenated nitrile butadiene rubber industry in its fresh research and describes the impact that changes in possibilities have had on major stakeholder policies in the HNBR industry.
A main instance of how volatility encourages development is the Synthetic Rubber Market. When financial slowdown and price decline began hampering the natural rubber sector, the synthetic market came to light. It is now a major product catering for increasing demand as a result of industrialisation. Hydrogenated nitrile butadiene rubber finds a broad range of applications in a variety of sectors among the various synthetic rubbers on the market. The growing global competition in the automotive industry made HNBR its own prominence. In the development of timing belts, new trends in engine models called for high performance material to be integrated. Automakers have began moving away from polychloroprene, replacing it with HNBR, the main raw material for timing belts, in order to tackle this need. Not only car producers but petroleum and gas giants are looking at hydrogenated nitrile butadiene rubber for countless apps on oilfields, including screening, gaskets, down-holes, etc. Although there is still a longstanding challenge to the danger of replacement for the participants in the hydrogenated nitrile butadiene rubber market, it provides a chance to develop goods that have improved characteristics.
The governments of several major rubber producers like Thailand, India, Indonesia and Sri Lanka give financial support in the form of subsidies, tax breaks, as customer duty exemptions to rubber producers. For example, rubber growers and producers have been supported by the Indian govt through numerous attempts like trade fairs and buyers ' meetings.
Similarly, in Thailand a free-trade deal with rubber importing nations such as New Zealand and Australia has been endorsed by the Government for the rubber sector. These attempts are the result of increased exports of rubber from these nations to various areas of the globe, and pressure to increase rubber output. To decrease transport expenses for raw materials and boost the revenues of major tire manufacturers in North America and Europe, major nations such as China and India outsource their businesses.
The seals and gaskets sector shows a upward path, as the transport and car industries continue to be the preferred option. With 3D printing technology emerging in the manufacturing industry, the turnaround time for manufacturing seals and joints was significantly reduced. With their production capability to remain ahead of the game in the hydrogenated nitrile butadiene rubber market, the companies are building on the high demand and smooth production of seals and gaskets.
The diversification of products to cover a variety of applications is one of the main winning strategies used by major producers in the hydrogenated nitrile butadien rubber industry. Key players are aiming to capitalize on the demand for petroleum and gas, car, construction, medical and machinery sectors. In essence, they explore the appropriate potential of expanding hydrogenated butadiene rubber applications.
In the rubber sector, the manufacturing variations depend on the user trends and the requirement of final use industries are extremely dynamic. The prices for products are set according to market circumstances, to achieve a competitive advantage over other players, leading manufacturers in the hydrogenated nitrile butadiene rubber sector. They anticipate fundamentally change in the end-use sectors and the financial circumstances under which HNBR products can be priced. This approach has helped players manage the synthetic rubber industry's volatility.
Global Hydrogenated Nitrile Butadiene Rubber Market, By Product
Global Hydrogenated Nitrile Butadiene Rubber Market, By End-Use Industry
Global Hydrogenated Nitrile Butadiene Rubber Market, By Geography
The market research study on “Hydrogenated Nitrile Butadiene Rubber Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Hydrogenated Nitrile Butadiene Rubber market segments with market dynamics and their impact. The report also covers basic technology development policies.
In order to ensure accuracy, reliability and objectivity in their research process, ARC is developing primary and secondary methods of research. Close interactions with insiders in the industry, followed by thorough analysis, provide important insights into the market as main sources for collecting data. Secondary information is collected through websites of companies, annual reports, white papers, presentations of companies, etc. Analysts use both the top-down and the bottom-up methods to check and validate the data gained.
Key Players & Strategies
The Hydrogenated Nitrile Butadiene Rubber market consists of key vendors such as Polycomp, Rahco Rubber, Inc., Ge Mao Rubber Industrial Co., Ltd. (GMORS), and Elastomer Engineering Ltd.
Increase in manufacturing capacity and extension in the developing nations continue to be an important strategy for players to expand their worldwide footprint on the rubber market for hydrogenated nitric butadiene. KACO GmbH + Co., for example, in July 2015. In Ningguo City, KG has set up a new plant in the province of Anhui for the production and supply of vibrant sealing components in the local and global automotive industries.
Players are connected to an extensive base of clients and service providers using internet Channels and Internet sites. Moreover, they strive to extend their borders in regional markets in order to leverage the untapped pockets of revenues in these areas. They attend global meetings, trade shows and activities to develop a powerful brand identity. Apart from these policies, strategic fusions and acquisitions stay a preferred winning requirement for important players in the industry to achieve worldwide access to a big customer base.