The future of the global
hydrogenated nitrile butadiene
rubber market looks promising with opportunities in the automotive, machinery,
oil & gas, medical, and construction markets. The global hydrogenated
nitrile butadiene rubber market is expected to reach an estimated $25 billion
by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this
market are growing use of hydrogenated nitrile butadiene rubber in the
production of surgical and industrial gloves, increasing demand from a variety
of end-use sectors for high-performance rubber items, as well as, rising
R&D investments to develop the HNBR grades.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the hydrogenated nitrile
butadiene rubber market by product (hnbr latex and hnbr solid), application
(belts & cables, seals & o-rings, hoses, diaphragms, adhesives &
sealants, foamed products, and others), end use (automotive, machinery, oil
& gas, medical, construction, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, belts
& cable, seals & o-ring, hoses, diaphragm, adhesives & sealant, and
foamed product are the major segments of hydrogenated nitrile butadiene rubber
market by application.
Lucintel forecasts that
seals & o-ring is expected to witness the highest growth over the forecast
period because it provide high-performance seals that are in use throughout
numerous end-user sectors.
Within this market,
automotive will remain the largest segment due to the growing use of hydrogenated
nitrile butadiene rubber in the automotive sector for the production of hoses,
belts, and seals, as well as, it is widely used in the automotive sector owing
to its higher resistance to fuels, high mechanical strength, superior heat and
oxidation stability, and compatibility with coolants and oils.
APAC will remain the
largest region over the forecast period due to expansion of e-commerce in the
area, rising economies like India and China, as well as, large-scale
manufacturing operations and plant expansions carried out by the local rubber
processing industries.
LANXESS, Polycomp, Dow,
Bayer, DSM, Exxonmobil, ARLANXEO Holding, Rahco Rubber, Elastomer Engineering,
and KACO are the major suppliers in the hydrogenated nitrile butadiene rubber
market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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