#Hydrogenated Nitrile Butadiene Rubber (HNBR) Prices
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Hydrogenated Nitrile Butadiene Rubber (HNBR) Prices | Pricing | Trend | News | Database | Chart | Forecast
Hydrogenated Nitrile Butadiene Rubber (HNBR) is a specialized synthetic rubber known for its superior chemical resistance and thermal stability, making it an essential material in various industrial applications. The market for HNBR has experienced notable fluctuations in pricing due to several factors, including raw material costs, supply chain dynamics, and demand from key sectors. As industries increasingly seek materials that offer enhanced performance and durability, HNBR has emerged as a preferred choice, particularly in automotive, oil and gas, and industrial applications.
The price of HNBR is influenced by the cost of its raw materials, primarily acrylonitrile and butadiene, which undergo hydrogenation to produce the final product. Variations in the prices of these raw materials can significantly impact HNBR pricing. For instance, fluctuations in the cost of crude oil, which affects the price of butadiene, directly translate to changes in HNBR prices. Additionally, disruptions in the supply chain, such as logistical challenges or geopolitical tensions, can further exacerbate price volatility.
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Demand dynamics also play a critical role in shaping HNBR prices. As industries continue to expand and evolve, the demand for high-performance materials like HNBR has surged. The automotive industry, in particular, has seen a growing need for HNBR components due to their ability to withstand harsh conditions such as high temperatures and aggressive chemicals. Similarly, the oil and gas sector relies heavily on HNBR for seals, gaskets, and hoses that operate in extreme environments. As these industries grow and innovate, the demand for HNBR increases, which can drive up prices.
Conversely, advancements in production technologies and increased competition among manufacturers can exert downward pressure on HNBR prices. Innovations in manufacturing processes can lead to more efficient production methods, reducing the overall cost of HNBR. Additionally, as more companies enter the market and increase production capacities, the competition can help stabilize or lower prices.
Economic conditions also impact HNBR pricing. During periods of economic growth, increased industrial activity can boost demand for HNBR, leading to higher prices. Conversely, economic downturns or recessions can reduce demand, which may put downward pressure on prices. The global economic landscape, including trade policies and international relations, can therefore have a significant influence on the HNBR market.
Another factor contributing to price fluctuations is the regulatory environment. Stringent regulations regarding environmental impact and sustainability can affect the production and pricing of HNBR. Manufacturers may face higher costs associated with compliance, which can be passed on to consumers. On the other hand, regulatory incentives for sustainable practices may encourage investment in more efficient production technologies, potentially mitigating some of the cost increases.
In summary, the pricing of Hydrogenated Nitrile Butadiene Rubber is subject to a complex interplay of factors, including raw material costs, supply chain dynamics, demand from various industries, technological advancements, economic conditions, and regulatory influences. As the demand for high-performance materials continues to rise, HNBR will likely remain a critical component in numerous applications, with its pricing reflecting the underlying market dynamics. Understanding these factors can provide valuable insights into the trends and movements in HNBR prices, helping businesses and consumers navigate the market effectively.
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#Hydrogenated Nitrile Butadiene Rubber (HNBR)#Hydrogenated Nitrile Butadiene Rubber Prices#HNBR Prices#HNBR Price#HNBR News#HNBR Monitor
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Nitrile Butadiene Rubber Market Insights: A Comprehensive Analysis of Key Players, Technologies, and Regional Dynamics
The nitrile butadiene rubber market is estimated to be valued at US$ 2.2 Bn in 2023 and is expected to exhibit a CAGR of 6.4 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Nitrile butadiene rubber, also known as nitrile rubber or NBR, is a synthetic rubber copolymer of acrylonitrile and butadiene. It has good chemical and oil resistance, good resistance to abrasion as well as cut and tear, good adhesion to metals, and resistance to aging.
Market Overview:
Nitrile butadiene rubber finds widespread applications across industries such as automotive, medical, oil & gas, and construction due to its excellent resistance to oil, chemicals and abrasion. In the automotive industry, NBR is used in seating applications, hoses, belts, seals and gaskets due to its heat and oil resistance. Meanwhile, in the medical industry, NBR gloves are commonly used for examination and surgical purposes. The increasing demand for nitrile gloves from the healthcare sector owing to the COVID-19 pandemic is expected to propel the market growth over the forecast period.
Market Dynamics:
The nitrile butadiene rubber market is driven by growing demand from the medical industry mainly for examination and surgical gloves. Nitrile gloves are preferred over natural rubber latex gloves due to lower rates of type 1 hypersensitivity reactions. Additionally, expanding automotive industry in emerging economies of Asia Pacific and Latin America is also expected to support market growth over the forecast period. However, volatile prices of raw materials such as butadiene may restrain the market growth.
SWOT Analysis
Strength: Nitrile butadiene rubber has high tensile strength and resistance to oils which makes it suitable for automotive and industrial applications. It can withstand high and low temperatures ranging from -50°C to +150°C. Nitrile rubber also offers good flexibility and abrasion resistance. Weakness: High costs associated with manufacturing of nitrile butadiene rubber makes it more expensive than other alternatives. Processing of nitrile rubber requires several additives and chemicals which adds to production costs. Opportunity: Growing demand from the automotive industry for hoses, belts, gaskets due to better mechanical properties over other rubbers is driving the nitrile butadiene rubber market. Increasing oil and gas exploration activities are also creating opportunities for growth in demand. Threats: Fluctuations in raw material prices impact the overall production costs.Availability of substitute products like hydrogenated nitrile rubber (HNBR) poses threat to nitrile butadiene rubber market.
Key Takeaways:
The global nitrile butadiene rubber market is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing demand from the automotive industry. Nitrile butadiene rubber finds wide application in manufacturing of hoses, belts, seals which require high temperature and oil resistance. The demand for high performance rubber materials is increasing with growing automotive production.
Regional analysis:
Asia Pacific dominated the global market in 2023, accounting for around 40% of global share. China is the largest producer and consumer of nitrile butadiene rubber globally. Presence of large automotive and chemical industries has been driving the market in China. Europe and North America are other major markets for nitrile butadiene rubber due to extensive automotive manufacturing sectors.
Key players operating in the nitrile butadiene rubber industry are Apcotex Industries Limited, ARLANXEO, China Petroleum & Chemical Corporation (Sinopec), Dynasol Group, JSR Corporation, KUMHO PETROCHEMICAL, Lanxess, LG Chem, Sibur, Synthomer, Synthos, TSRC, Versalis SpA, and Zeon Corporation. The global market is highly concentrated with top players accounting for majority of the market share. Companies are focusing on new product development and capacity expansion activities to strengthen market position.
#Nitrile Butadiene Rubber Market Share#Nitrile Butadiene Rubber Market Growth#Nitrile Butadiene Rubber Market Demand#Nitrile Butadiene Rubber Market Trend
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About Us-Xianju Dazhong Rubber Seal Factory
Xianju Dazhong Rubber Seal Factory is located in Taizhou City, Zhejiang Province. Since our factory was established in 1998, we have specialized in the production of seals such as skeleton oil seals, O-rings, dust jackets, jackets, rubber gaskets, protective coils, automotive seals, etc. We have more than 20 years of history. Our product specifications are as many as 30,000 kinds, the main raw materials are: natural rubber (NR). Nitrile rubber (NBR), hydrogenated nitrile rubber (HNBR). Fluorine rubber (FPM), ethylene propylene rubber (EPDM), silicon Rubber (SI), Neoprene (CR), Styrene Butadiene Rubber (SBR) Butyl Rubber (IIR) Butadiene Rubber (BR) Acrylate Rubber (ACM).
We are a manufacturer of rubber products.
Our aim is to provide the market and the customers with customized solutions,Whatever a single product or complete sets of equipment.
The markets, the applications, the customers are different but We has one unique philosophy to guide the latter to success.
For any problems or feedback from the customers,we will reply patiently and meticulously in time.
For any inquiries from the customers,we will reply with the professional and reasonable price in time.
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Hydrogenated Nitrile Butadiene Rubber Market 2022 Top Growing Companies Analysis and Segmentation Outlook till 2030
The global hydrogenated nitrile butadiene rubber market is projected to be worth USD 25.90 Billion by 2030
The global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market is anticipated to showcase a healthy CAGR of 9% over the forecast period of 2021-2030, asserts Market Research Future (MRFR) in an extensive study.
The primary factors shaping the growth of the global hydrogenated nitrile butadiene rubber market include increasing demand from diverse end-use industries such as automotive, medical, construction, oil & gas, and machinery. The automotive industry is a major end-use industry for HNBR where it experiences high demand in applications demanding high performance. Desirable properties of HNBR such as excellent resistance to oils & solvents, ozone & weather conditions, temperatures, and other superior mechanical properties lead to increased demand from the automotive industry. The rise in the operating temperatures in vehicles has resulted in the development of harsh automotive fluids such as engine oils and lubricants, which further necessitates the use of specialty elastomers with greater heat, fluid, and chemical resistance. HNBR is a prudent solution to this problem faced by the automotive industry.
The oil & gas industry to is a significant end user of hydrogenated nitrile butadiene rubber. They are used in industrial sealing for oil field exploration and processing. HNBR enhance drilling and zone isolation to maximize well production. Surging demand of HNBR in Enhanced Oil Recovery (EOR) along with increasing offshore drilling activities are expected to augment the growth of the market. In addition, they are used as rolls for steel and paper mills, which further drives the market growth.
HNBR is highly preferred as the material for the production of industrial gloves. They protect against mechanical hazards on account of its high thermal, oil, and chemical resistance. Besides, they are also used in the production of medical gloves due to their chemical or solvent resistance. Furthermore, the introduction of the world’s first lightweight nitrile glove in 2005 extended the use of HNBR in manufacturing industrial gloves.
On the downside, the growth of the global hydrogenated nitrile butadiene rubber market might be dampened by their high price as compared to their traditional counterparts. Not only are the materials used for the production of HNBR expensive also its manufacturing involves substantial costs.
Elastomer manufacturers are investing heavily in R&D activities to develop innovative grades of HBNR which can withstand harsh application environments is likely to present growth opportuni9ties to the global hydrogenated nitrile butadiene rubber market.
Competitive Landscape:
Polycomp, Arlanxeo, AirBoss of America Corp., MCM S.p.A., Precision Associates, Inc., ERIKS NV, Rahco Rubber, Inc., Mantaline, Trelleborg Sealing Solutions, and Zeon Corporation are the prominent players in the global hydrogenated nitrile butadiene rubber market.
Segmentation:
The global hydrogenated nitrile butadiene rubber market has been segmented on the basis of product and end-use industry.
On the basis of product, the global hydrogenated nitrile butadiene rubber market has been segmented into HNBR solid and HNBR latex.
By end-use industry, the global hydrogenated nitrile butadiene rubber market has been segmented into automotive, machinery, construction, medical, oil & gas, and others.
Regional Analysis:
Regionally, the global hydrogenated nitrile butadiene rubber market has been segmented into Asia Pacific (APAC), Europe, North America, Latin America, and the Middle East & Africa.
APAC is the largest market for HNBR and is likely to expand at a CAGR of 9.30% over the forecast period. Prolific growth of the automotive industry coupled with rapid industrialization in the region drives the market in APAC. Moreover, due to urbanization, the construction industry has been experiencing a boom consequently fueling the demand for HNBR. Another contributing factor is the presence of raw material suppliers in APAC which further drives the market.
Europe follows APAC closely and is deemed to be the second largest market for HNBR. Established automotive sector in the region and the presence of production base of various automotive companies in countries such as the UK, Germany, Italy, and Spain stimulates the growth of the Europe market. The Europe market is projected to capture a CAGR of 8.07% over the forecast period.
Rising industrial activities in the Middle East & Africa region induces high demand in the global hydrogenated nitrile butadiene rubber market which is likely to register a CAGR of 8.70% over the forecast period
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#Hydrogenated Nitrile Butadiene Rubber#Hydrogenated Nitrile Butadiene Rubber Market#Hydrogenated Nitrile Butadiene Rubber Industry#Hydrogenated Nitrile Butadiene Rubber Market Research
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Hydrogenated Nitrile Butadiene Rubber Market Growth | Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2030
The global hydrogenated nitrile butadiene rubber (HNBR) market, during the forecast period 2017 to 2025, will register growth at a CAGR of 9.1%. The market for hydrogenated nitrile butadiene rubber (HNBR) is set to reach US$18.5 billion by 2025. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing adoption from oil & gas sector as well as growing R&D investments. However, the market will face challenges and restraints due to high price and considerable processing cost during the forecast period 2017 to 2025.
Elastomer companies investing extensively in R&D activities in the hydrogenated nitrile butadiene rubber (HNBR) market is set to play a key role in determining the growth potential during 2017 to 2025 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the hydrogenated nitrile butadiene rubber (HNBR) market is poised to grow at a fast pace across product and end-use industry segments, factors such as harmful effects on human health could slow down the market's growth worldwide.
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Market Segmentation
The hydrogenated nitrile butadiene rubber (HNBR) market has been segmented into product and end-use industry. Based on the segment which is the product, the market is categorized on the basis of HNBR Solid (adhesives & sealants, belts & cables , foamed products , hoses, seals & o-rings, and others). The global market for hydrogenated nitrile butadiene rubber (HNBR) is further segmented based on end-use industry into automotive, construction, machinery, medical, oil & gas, and others.
The global hydrogenated nitrile butadiene rubber (HNBR) market research report covers all the aspects of the market based on the segmental analysis of these product and end-use industry segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The product and end-use industry segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The hydrogenated nitrile butadiene rubber (HNBR) market research report presents analysis based information for companies functioning in the market. Regional Overview
High cost of manufacturing may hinder the hydrogenated nitrile butadiene rubber (HNBR) market growth. The market research report suggests that companies in the market could be supported by the increased use of this substance as well as novel HBNR grades during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global hydrogenated nitrile butadiene rubber (HNBR) market during the forecast period 2017 to 2025. As per market analysts, the market is set to witness tremendous growth across manufacturing, oil & gas, and building segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the hydrogenated nitrile butadiene rubber (HNBR) market are also analyzed and studied in the market research report.
The hydrogenated nitrile butadiene rubber (HNBR) market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The hydrogenated nitrile butadiene rubber (HNBR) market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Hydrogenated nitrile butadiene rubber (HNBR) has seen increased demand over the years, due to uses in the manufacturing of automotive goods and the numerous advantages associated with the use of HNBR. Companies functioning in the global hydrogenated nitrile butadiene rubber (HNBR) market are also being challenged due to health concerns and strict regulations. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017 to 2025. As the hydrogenated nitrile butadiene rubber (HNBR) market is set to register a high CAGR of 9.1% and is also anticipated to reach a US$18.5 billion by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017 to 2025.
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Industry News
Team Wendy, LLC, a leading U.S. manufacturer of outstanding head safety features for defense, police departments, firefighting, and activity markets, recently announced that this has signed into a binding purchase contract with Avon Rubber, in which its affiliate Avon Protection Systems, Inc. will purchase Team Wendy for $130 million USD in tax on a money and austerity basis. Following Avon's purchase of Ceradyne by 3M earlier this year, the two companies will form a world leader in head security solutions for the military and first generation immigrant markets.
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Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market revenue analyis 2021
Profshare Market Research published research study on Global Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market and market expected to show CAGR of 7.9 % between 2019-27. Market Constraints, risk and threats information are very useful while developing business strategies. Research study precisely engages in opportunities & challenges scenario.
Factors that affects the market on either side includes Consumer expectation vs need scenario, Environmental Change, government policies & Technology Progress. In every product line raw material analysis and supplier insight plays vital role because they are directly connected with profit margin, hence this research study extensively focuses on these factors. Concentration rate analysis as well as Expansion, Mergers & Acquisitions scenario also considered in research study.
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The study delivers overview, growth and forecast of the Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market. The market has been studied on global as well as country specific level. Research includes historical data from 2015 to 2019, 2019 as base years while 2020 to 2028 based on revenue is considered as future market estimates.
Research study on Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market helps clients to make precise decision in order to expand their market share globally. The report also contains value chain analysis for each of the product segments. Value addition at each stage of product is very important for success of product that can be perfectly delivered by value chain analysis. Market research study on Hydrogenated Nitrile Butadiene Rubber ( HNBR) product precisely focuses on key indicators of market growth.
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Research study is segmented into:
Global Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market: Product Type
High Nitrile HNBR (40% -ACN<50%)
Middle High Nitrile HNBR (35% -ACN<40%)
Low Temperature Grade HNBR (ACN<25%)
Global Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market: Competitive Analysis
Zeon
LANXESS
Polycomp
Rahco Rubber, Inc.
Elastomer Engineering Ltd.
Ge Mao Rubber Industrial Co., Ltd. (GMORS)
Zannan Scitech
Global Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market: Application
Automotive
Construction
Medical
Oil industry
Regional analysis
North America : USA, Mexico, Canada
Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe
Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania
Latin America : Brazil & Argentina
Middle East : UAE, Qatar, Israel.
Rest of the World.
Research study developed on Hydrogenated Nitrile Butadiene Rubber ( HNBR) Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:
Market estimation
Forecast 2021-28
Growth drivers
Raw material & Supply analysis
End User & Application insight
Key player’s analysis
Import & Export scenario
Challenges & Opportunities
Current & emerging market trends.
Tenders & Pricing scenario.
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Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
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Elastomers Market Size, Segment | Value Share, Leading Players and Forecast to 2027
Market Synopsis
According to the MRFR analysis, the Global Elastomers Market is expected to reach over ~USD 107.1 Billion by the end of 2025 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the elastomers market.
Pricing and Regulatory Analysis
In 2018, the price of Elastomers Market increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
SEGMENTATION
By Type
Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the largest market share in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.
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By End-Use Industry
Automotive: The automotive segment accounted for more than 62% market share in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.
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Elastomers Market Size, Segment | Value Share, Leading Players and Forecast to 2027
Elastomers Market Synopsis
According to the MRFR analysis, the Global Elastomers Market is expected to reach over ~USD 107.1 Billion by the end of 2027 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the Elastomers Market.
Pricing and Regulatory Analysis
In 2018, the price of elastomers increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
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SEGMENTATION
By Type
Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the largest Market in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
Polyether Block Amide (PEBA): It is a high-performance thermoplastic elastomer. Due to its high flexibility and low density, PEBA is used in sports applications such as racquet grommets, golf balls, basketballs, and ski boots.
Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.
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By End-Use Industry
Automotive: The automotive segment accounted for more than 62% Market in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Elastomers Market Size Forecast to 2027 Available in New Report
Elastomers Market Size Synopsis
According to the MRFR analysis, the Global Elastomers Market Size is expected to reach over ~USD 107.1 Billion by the end of 2027 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the Elastomers Market Size.
Pricing and Regulatory Analysis
In 2018, the price of elastomers increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
SEGMENTATION
By Type
Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the largest market share in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
Polyether Block Amide (PEBA): It is a high-performance thermoplastic elastomer. Due to its high flexibility and low density, PEBA is used in sports applications such as racquet grommets, golf balls, basketballs, and ski boots.
Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.
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By End-Use Industry
Automotive: The automotive segment accounted for more than 62% market share in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.
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Hydrogenated Nitrile Butadiene Rubber Prices Trend, Database, Chart, Index, Forecast
Hydrogenated Nitrile Butadiene Rubber (HNBR) Prices: For the Quarter Ending March 2024
Hydrogenated Nitrile Butadiene Rubber (HNBR) prices have been subject to fluctuations influenced by various factors within the global rubber market. HNBR, a specialty synthetic rubber known for its excellent resistance to heat, oil, and chemicals, has seen demand driven by diverse industries such as automotive, aerospace, and oil and gas. The prices of HNBR are intricately linked to the availability and cost of raw materials, primarily acrylonitrile and butadiene, which are derived from petrochemical sources. Fluctuations in crude oil prices, geopolitical tensions, and supply chain disruptions can all impact the cost of these raw materials, thereby affecting the overall price of HNBR.
Furthermore, market dynamics such as supply-demand imbalances, changes in regulatory policies, and technological advancements also play crucial roles in shaping HNBR prices. For instance, increased demand for HNBR in automotive applications, driven by the growing trend towards lightweighting and fuel efficiency, can exert upward pressure on prices, especially if supply struggles to keep pace. Conversely, innovations in production processes or the introduction of alternative materials with comparable properties can moderate prices by increasing competition within the market.
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Global economic conditions and currency fluctuations are additional factors that influence HNBR prices. A strong U.S. dollar, for example, can make HNBR more expensive for buyers in other currencies, potentially dampening demand and leading to price adjustments. Conversely, a weaker dollar can make HNBR more competitive in international markets, stimulating demand and supporting higher prices.
Environmental and sustainability considerations are increasingly shaping market dynamics and, by extension, HNBR prices. As awareness of climate change and environmental impact grows, there is a growing emphasis on the development and adoption of eco-friendly alternatives to traditional materials. This trend can influence both supply and demand for HNBR, as manufacturers seek to meet regulatory requirements and consumer preferences for greener products. Investments in research and development aimed at enhancing the sustainability of HNBR production processes can also impact prices, particularly in the long term.
In recent years, the COVID-19 pandemic has introduced additional volatility into the rubber market, including HNBR. Disruptions to global supply chains, changes in consumer behavior, and shifts in government policies to mitigate the impact of the pandemic have all contributed to uncertainty and price fluctuations. While the full extent of the pandemic's impact on HNBR prices remains to be seen, it underscores the importance of resilience and adaptability in the face of unforeseen challenges.
In conclusion, the prices of Hydrogenated Nitrile Butadiene Rubber are influenced by a complex interplay of factors including raw material costs, market dynamics, economic conditions, and environmental considerations. As industries continue to evolve and new technologies emerge, the demand for HNBR and its pricing dynamics are likely to evolve as well. Understanding these factors and their implications is essential for businesses operating in the HNBR market to make informed decisions and remain competitive in an increasingly complex global landscape.
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Elastomers Market Trend, Major Factor, Pricing and Regulatory Analysis, Rising Demand, Segmentation and Key Players
Market Synopsis
According to the MRFR analysis, the Global Elastomers Market is expected to reach over ~USD 107.1 Billion by the end of 2025 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the elastomers market.
Pricing and Regulatory Analysis: In 2018, the price of elastomers increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
Global Elastomers Market Trend is projected to register a CAGR of 4.8% to reach ~USD 107.1 Billion by the end of 2025.
By Type
Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the largest market share in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.
By End-Use Industry
Automotive: The automotive segment accounted for more than 62% market share in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.
Regional Analysis: Asia-Pacific: The region accounted for the largest market share in 2018 and is projected to register the highest CAGR during the forecast period. Owing to the high demand for the product is rapidly growing automotive and electronics industries in the region. China, followed by India and South Korea, is the leading country on the account of rising consumer demands in the region. Additionally, the increasing demand for electric vehicles in the region is boosting the regional market growth.
Key Players
BASF SE (Germany)—Elastollan
Evonik Industries AG (Germany)—VESTAMID
Arkema S.A. (France)—Pebax
The Dow Chemical Company (US)—Vamac
Kuraray Co., Ltd. (Japan)—SEPTON
Covestro AG (Germany)- Vulkollan
SABIC (Saudi Arabia)—SABIC
ARLANXEO (The Netherlands)—Buna
Mitsui Chemicals, Inc (Japan)—TAFMER
Exxon Mobil Corporation (US)—Exxpro
DuPont de Nemours (US)—Vamac
West American Rubber Company, LLC (US)—WARCO
Solvay (Belgium)—Tecnoflon
TERVES INC (US)—Elementum
Teknor Apex (US)—Sarlink
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Factory Price Silicone Rubber Ring Waterproof Seal Small Rubber O Rings
Factory Price Silicone Rubber Ring Waterproof Seal Small Rubber O Rings
Product Description: Product Information Product Factory Price Silicone Rubber Ring Waterproof Seal Small Rubber O Rings Brand ZICHEN Material Silicone, NBR, EPDM, VITON, ACM or as your request Hardness 20~90 Shores A Size Standard or customize Color As your requirement MOQ 1000 pieces Application Widely used in automobile, electrical appliance and other industry Certifications ROHS, FDA, LFGB, RoHS, REACH OEM/ODM Welcome Packing PP bag inside, carton box outside Product capacity 100,000 Pieces/month Shipping term & Port FOB, Shenzhen Payment term T/T, PayPal , L/C, Western Union Delivery 15 days Zichen Rubber O Ring Specifications: We have thousands of standard O Ring models. Please send your message to us. OD(mm) ID(mm) WΦ(mm) Hardness Range 1.6~1500 0.74~500 0.3~500 20~90 Shore A Material & Application Rubber O-Rings are available in the following elastomers: Aflas® or Kalrez®(FFKM) Acrylate Rubber(ACM) Butyl Rubber(IIR) Ethylene-propylene (EPR, EPDM) Fluorocarbon (FKM/FPM/VITON) Fluorosilicate(FVMQ) Hydrogenated Nitrile (HNBR) Liquid Silicone Rubber(LSR) Neoprene Rubber(CR) Nitrile Rubber (Buna-N/NBR) Natural Rubber(NR) Polyurethane(PU) Silicone Rubber Styrene-butadiene Rubber (SBR) Properties of Rubber O Ring Material: Welcome to our Rubber O Ring Properties section. Here you will find a rubber properties chart for all popular rubber materials. This rubber materials comparison chart gives you key factors in your choice of rubber mechanical properties. Use the rubber comparison chart to find the most economical seal. Or better yet, use the rubber chart to find which material will best suit your environment. For example, if you need to find rubber compression properties, rubber weather resistance or even rubber ozone resistance for your O-rings, you can find the best combination of elastomer properties by using this O-ring material guide for your application.
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#Epdm Rubber O Ring#Nitrile Rubber O Ring#Oil Resistant Nbr Nitrile Rubber O-Rings#Red Nbr Hard Rubber O Ring#Rubber O Ring#Rubber Seal O Ring#Silicone O-Ring Rubber#Thick Rubber O Rings#Translucent Silicone Rubber O Ring#Waterproof Rubber O Ring
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Hydrogenated Nitrile Butadiene Rubber Market Growth | Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2030
The global hydrogenated nitrile butadiene rubber (HNBR) market, during the forecast period 2017 to 2025, will register growth at a CAGR of 9.1%. The market for hydrogenated nitrile butadiene rubber (HNBR) is set to reach US$18.5 billion by 2025. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing adoption from oil & gas sector as well as growing R&D investments. However, the market will face challenges and restraints due to high price and considerable processing cost during the forecast period 2017 to 2025.
Elastomer companies investing extensively in R&D activities in the hydrogenated nitrile butadiene rubber (HNBR) market is set to play a key role in determining the growth potential during 2017 to 2025 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the hydrogenated nitrile butadiene rubber (HNBR) market is poised to grow at a fast pace across product and end-use industry segments, factors such as harmful effects on human health could slow down the market's growth worldwide.
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Market Segmentation
The hydrogenated nitrile butadiene rubber (HNBR) market has been segmented into product and end-use industry. Based on the segment which is the product, the market is categorized on the basis of HNBR Solid (adhesives & sealants, belts & cables , foamed products , hoses, seals & o-rings, and others). The global market for hydrogenated nitrile butadiene rubber (HNBR) is further segmented based on end-use industry into automotive, construction, machinery, medical, oil & gas, and others.
The global hydrogenated nitrile butadiene rubber (HNBR) market research report covers all the aspects of the market based on the segmental analysis of these product and end-use industry segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The product and end-use industry segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The hydrogenated nitrile butadiene rubber (HNBR) market research report presents analysis based information for companies functioning in the market. Regional Overview
High cost of manufacturing may hinder the hydrogenated nitrile butadiene rubber (HNBR) market growth. The market research report suggests that companies in the market could be supported by the increased use of this substance as well as novel HBNR grades during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global hydrogenated nitrile butadiene rubber (HNBR) market during the forecast period 2017 to 2025. As per market analysts, the market is set to witness tremendous growth across manufacturing, oil & gas, and building segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the hydrogenated nitrile butadiene rubber (HNBR) market are also analyzed and studied in the market research report.
The hydrogenated nitrile butadiene rubber (HNBR) market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The hydrogenated nitrile butadiene rubber (HNBR) market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Hydrogenated nitrile butadiene rubber (HNBR) has seen increased demand over the years, due to uses in the manufacturing of automotive goods and the numerous advantages associated with the use of HNBR. Companies functioning in the global hydrogenated nitrile butadiene rubber (HNBR) market are also being challenged due to health concerns and strict regulations. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017 to 2025. As the hydrogenated nitrile butadiene rubber (HNBR) market is set to register a high CAGR of 9.1% and is also anticipated to reach a US$18.5 billion by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2017 to 2025.
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Industry News
Team Wendy, LLC, a leading U.S. manufacturer of outstanding head safety features for defense, police departments, firefighting, and activity markets, recently announced that this has signed into a binding purchase contract with Avon Rubber, in which its affiliate Avon Protection Systems, Inc. will purchase Team Wendy for $130 million USD in tax on a money and austerity basis. Following Avon's purchase of Ceradyne by 3M earlier this year, the two companies will form a world leader in head security solutions for the military and first generation immigrant markets.
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Hydrogenated Nitrile Butadiene Rubber (HNBR) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
Hydrogenated Nitrile Butadiene Rubber (HNBR) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023
Hydrogenated Nitrile Butadiene Rubber (HNBR) is made via selective hydrogenation of the NBR butadiene groups which improves the temperature and ozone resistance considerably.
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#Hydrogenated Nitrile Butadiene Rubber (HNBR)#Hydrogenated Nitrile Butadiene Rubber (HNBR) forecast#Hydrogenated Nitrile Butadiene Rubber (HNBR) growth#Hydrogenated Nitrile Butadiene Rubber (HNBR) industry#Hydrogenated Nitrile Butadiene Rubber (HNBR) market#Hydrogenated Nitrile Butadiene Rubber (HNBR) price#Hydrogenated Nitrile Butadiene Rubber (HNBR) share#Hydrogenated Nitrile Butadiene Rubber (HNBR) trends
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PVDC Food Packaging Market 2020- Global Industry Analysis, By Manufacturers, Segmentation, Application, Demand And Forecast By 2025
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Specialty Nitrile Market is analyzed with industry experts in mind to maximize return on investment by providing clear information needed for informed business decisions. This research will help both established and new entrants to identify and analyze market needs, market size and competition. It explains the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities and the threats faced by key players.
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A 360 degree outline of the competitive scenario of the Global Specialty Nitrile Market is presented by Axel Reports Market Insights. It has a massive data allied to the recent product and technological developments in the markets.
It has a wide-ranging analysis of the impact of these advancements on the market’s future growth, wide-ranging analysis of these extensions on the market’s future growth. The research report studies the market in a detailed manner by explaining the key facets of the market that are foreseeable to have a countable stimulus on its developing extrapolations over the forecast period.
Reasons for buying this report:
It offers an analysis of changing competitive scenario.
For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
It offers seven-year assessment of Global Specialty Nitrile
It helps in understanding the major key product segments.
Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
It offers regional analysis of Global Specialty Nitrile Market along with business profiles of several stakeholders.
It offers massive data about trending factors that will influence the progress of the Global Specialty Nitrile
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By Market Players: Lanxess Zeon Chemicals Synthos Kumho Petrochemical JSR Corporation Sibur Holding Versalis Omnova Solutions LG Chemicals By Type Nitrile Butadiene Rubbers (NBR) Hydrogenated Nitrile Butadiene Rubber (HNBR) By Application Automobile Adhesives Oil Production Electrical Mechanical Engineering Consumer Goods Ship Building Others
A detailed outline of the Global Specialty Nitrile Market includes a comprehensive analysis of different verticals of businesses. North America, Latin America, Asia-Pacific, Africa, and Europe have been considered for the studies on the basis of several terminologies.
This is anticipated to drive the Global Specialty Nitrile Market over the forecast period. This research report covers the market landscape and its progress prospects in the near future. After studying key companies, the report focuses on the new entrants contributing to the growth of the market. Most companies in the Global Specialty Nitrile Market are currently adopting new technological trends in the market.
Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Specialty Nitrile Market. The feasibility of the new report is also measured in this research report.
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Table of Contents:
Global Specialty Nitrile Market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Specialty Nitrile Market Forecast
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Elastomers Industry Size, Segment | Value Share, Leading Players and Forecast to 2027
Elastomers Industry Synopsis
According to the MRFR analysis, the Global Elastomers Industry is expected to reach over ~USD 107.1 Billion by the end of 2027 at a CAGR of ~4.8%.
Elastomers are amorphous polymers exhibiting characteristics of rubber in terms of flexibility and elasticity. Various elastomeric products on the account of their high abrasion and heat resistance are used in numerous industrial applications. For instance, TPUs offer excellent mechanical strength and low creep thus are used to manufacture conveyor belts. The rising demand for high-performance elastomers in the automotive and medical industries are the key factors favoring the growth of the Elastomers Industry.
Pricing and Regulatory Analysis
In 2018, the price of elastomers increased from USD 0.19 to USD 0.40 between 2016 and 2018 and is likely to observe a gradual upsurge during the forecast period owing to fluctuating raw material and crude oil prices.
The stringent standards for elastomer analysis may favor the demand for elastomers during the review period. Some of the standards are American Society for Testing and Materials - ASTM D412, ASTM D624, ASTM D3182 ”and International Standard - ISO 34-1:2015.
SEGMENTATION
By Type
Thermoset Elastomers: These polymers belong to the group of elastomers that cannot be molded once they have been cured. Thus, on the account of their structural integrity thermoset elastomers are widely used in high-temperature applications.
Synthetic Rubber: The segment held the largest market share in 2018 on account of its excellent strength and flexibility. These elastomers are artificially synthesized and derived from petroleum-based monomers.
Styrene-Butadiene Rubber (SBR): On account of its good abrasion and elasticity, it is widely used in pneumatic tires. SBR on reinforcement exhibits higher strength and durability.
Isobutylene-Isoprene Rubber (IIR): Owing to its low gas permeability and high resistance finds applications in inner tires of cars, bicycles and other high-pressure tubes.
Nitrile rubber (NBR): It is used in the applications that demand oil and heat resistance. Modified nitrile rubber such as carboxylated nitrile rubbers (XNBR) and hydrogenated nitrile rubbers (HNBR) exhibit high tensile strength and weather resistance.
Polybutadiene (PBR): It is extensively used in various parts of automobile tires including sidewall of truck tires and heavy vehicles for abrasion resistance.
Others: The segment includes acrylic rubber (ACM) and ethylene-propylene rubber (EPM), among others.
Natural Rubber: It is a bio-based elastomer obtained from the rubber trees. It is commonly known as Natural Rubber Latex (NBL) and find wide applications in friction tapes, cement, and adhesives. However, the natural rubber is usually vulcanized to enhance the chemical properties.
Thermoplastic Elastomers: It is projected to be the fastest-growing segment during the forecast period due to significant advantages over conventional thermosetting elastomers. These elastomers are recyclable and are capable of being remolded.
Thermoplastic Polyurethane (TPU): On account of excellent flexibility over a wide temperature range and high abrasion resistance, it is extensively used in a foray of industrial applications such as seals and gaskets, sealants, andconveyor belts.
Thermoplastic Styrenic elastomers (TPS): They are styrene block copolymers with excellent flexibility and elasticity and commonly used in footwear, belts, and adhesives.
Polyether Block Amide (PEBA): It is a high-performance thermoplastic elastomer. Due to its high flexibility and low density, PEBA is used in sports applications such as racquet grommets, golf balls, basketballs, and ski boots.
Others: The segment includes thermoplastics polyester-ether elastomer (TPE-E) and thermoplastic polyamide elastomers (TPE-A), among others.
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By End-Use Industry
Automotive: The automotive segment accounted for more than 62% market share in 2018. This is primarily due to the increased use of elastomers in various applications such as airbags, tires, gaskets, bumpers, and HVAC systems. In the automotive industry, the demand for elastomers in interior applications is expected to increase at a significant rate during the forecast period.
Medical: It is projected to be the fastest-growing segment during the review period. The increasing use of elastomers on account of hydrolytic stability and ease of sterilization in variety of applications such as peristaltic pump catheters, needleless syringes, and valves is fueling the demand for elastomers in the medical industry. Additionally, the rising innovations to develop bio-based elastomers offers a wide range of opportunities to produce artificially synthesized biocompatible organs.
Electronics: A variety of elastomers exhibit low electrical conductivity and thus are suitable for insulation purposes. For instance, ethylene-propylene rubber is used to insulate indoor and outdoor high voltage cables.
Textiles: Elastomeric fabrics on the account of their lightweight and stretchability are used in a variety of garments including cycling shorts, swimsuits, and athletic wear.
Others: The segment includes aerospace & defense, oil & gas, and construction.
By Region
Asia-Pacific: The regional market held a dominant share in 2018 and is expected to maintain its dominance during the review period. The increasing disposable income coupled with expanding automotive and textile industries in the region are fueling the regional market growth.
North America: The market growth is driven by the demand for high-performance elastomers in the aerospace and medical industries.
Europe: A firm market owing to the demand for elastomers in the automotive industry. Additionally, the rising automobile exports from the region is aiding market growth.
Latin America: The growing healthcare and electronics industries is driving the demand for elastomers in Latin America.
Middle East & Africa: The expanding automotive industry and rising constructional activities in the region are contributing to the regional market growth.
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