The global market for Hydrogenated Nitrile Butadiene Rubber was valued at US$ 10,582.4 Mn in 2017. The market is forecast to expand at a CAGR of 7.6% by value during the forecast period, 2018-2027.
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Hydrogenated Nitrile Butadiene Rubber is the synthetic rubber having retention properties and physical strength after the long term exposure to chemicals, oils and heat. It is also known as highly saturated nitrile. The hydrogenated nitrile butadiene rubber widely used in automotive industry to manufacture O-rings for air conditioning system.
According to the product type, Hydrogenated Nitrile Butadiene Rubber market can be segmented as Solid and Latex. According to the application, Hydrogenated Nitrile Butadiene Rubber can be segmented as Hoses, Diaphragms & Seals, Timing Belts, O-Rings & Gaskets and others. The market segmented on the basis of end use industry as Automotive, Oil & Gas, Food & Pharmaceutical, Chemical, Medical and Other Industrial applications.
Rubber is a staple commodity in industrial supply chains but the price is extremely volatile and is currently at record lows. Indonesia, Thailand, and Malaysia account for almost 70% of natural rubber and they have cut their exports as a result of plummeting prices. Thus, there is a shift towards synthetic rubbers such as hydrogenated nitrile butadiene rubber, especially in emerging economies. As the world’s population is growing rapidly, urbanization is the need of the hour. A large middle class demands real estate and self-mobility as both are usually viewed as a status symbol. Synthetic rubbers find widespread application in high-performance products directly contributing to the growth of the hydrogenated nitrile butadiene rubber market.
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The automotive industry is growing at a healthy clip and this is forecasted to continue in the medium term. Global auto sales have been largely driven by countries such as China, India, Indonesia, and Mexico. The automotive industry is the largest customer of the hydrogenated nitrile butadiene rubber market. Products such as O-rings, seals, synchronous timing belts, suspension parts, mountings, hoses, fan belts all necessitate frequent replacement benefiting the global hydrogenated nitrile butadiene rubber market.
Synthetic rubber such as hydrogenated nitrile butadiene rubber is deployed in a wide variety of end-uses. Hydrogenated nitrile butadiene rubber is used in industries ranging from the automotive, pharmaceutical, construction, and chemical industry. The tire producing industry consumes the bulk of the global production of hydrogenated nitrile butadiene rubber. Along with automotive tires, hydrogenated nitrile butadiene rubber is useful in the manufacturing of industrial rubber, automotive components, footwear, and adhesives. Due to its low heat buildup hydrogenated nitrile butadiene rubber is used by major tire manufacturers and is heavily promoted by them as a superior alternative to natural rubber. In the construction industry, hydrogenated nitrile butadiene rubber is used in windows, pipes, flooring, sound insulation, and roofing.
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The global hydrogenated nitrile butadiene rubber market is anticipated grow at a CAGR of 7.6% over the forecast period 2018-2027.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the hydrogenated nitrile butadiene rubber market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the hydrogenated nitrile butadiene rubber market.
The hydrogenated nitrile butadiene rubber market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.Key regions covered comprise: North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)MEA and JapanAfter reading the hydrogenated nitrile butadiene rubber market report, readers get insight into:Major drivers and restraining factors, opportunities and challenges, and the competitive landscapeNew, promising avenues in key regionsNew revenue streams for all players in emerging marketsFocus and changing role of various regulatory agencies in bolstering new opportunities in various regionsDemand and uptake patterns in key industries of the hydrogenated nitrile butadiene rubber marketNew research and development projects in new technologies in key regional marketsChanging revenue share and size of key product segments during the forecast periodTechnologies and business models with disruptive potentialYou can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=2534To expand the understanding of opportunities in the global hydrogenated nitrile butadiene rubber market report looks at close quarters into the opportunities and new avenues in following key segments: By Equipment TypeBy RegionBy End-UsersBy Sales ChannelsIn addition to understanding the demand patterns of various end users, the report on the hydrogenated nitrile butadiene rubber market also enumerates trends expected to attract investments by other various associated industries.
