Report Ocean publicize new report on the Hydrogenated Nitrile Butadiene Rubber (HNBR) market. The Hydrogenated Nitrile Butadiene Rubber (HNBR) market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the Hydrogenated Nitrile Butadiene Rubber (HNBR) market growth. Additionally, the database analyzes and estimates the Hydrogenated Nitrile Butadiene Rubber (HNBR) market both globally and regionally.
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%.
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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.
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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
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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
Table of Contents:Market Overview Market Dynamics Associated Industry Assessment Market Competitive Landscape Analysis of Leading Companies Market Analysis and Forecast, By Product Types Market Analysis and Forecast, By Applications Market Analysis and Forecast, By Regions Conclusions and Recommendations Appendix
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Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Under COVID-19 Outbreak Impact Analysis: We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries. The impact of COVID-19 on the future development of the industry is pointed out.
The Study Explore COVID 19 Outbreak Impact AnalysisWhat should be entry strategies, countermeasures to economic impact, and marketing channels? What are market dynamics? What are challenges and opportunities? What is economic impact on market? What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:To study and analyse the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its various subsegments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyse the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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