July 19, 2019 by Steve Blade
Fact.MR conveys vital insights on the hydrogenated nitrile butadiene rubber market in its report, entitled “Hydrogenated Nitrile Butadiene Rubber Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2027”.In terms of revenue share, the global hydrogenated nitrile butadiene rubber market is projected to enlarge at the growth CAGR of 7.6% over the forecast period (2018-2027), owing to abundant factors, about which FMR offers precise insights and forecast in our report.
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.
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.
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Drivers & Restraints
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.
Hydrogenated Nitrile Butadiene Rubber Market: Analysis of Market Size Evaluation
APEJ is estimated to account for considerable value share in the global Hydrogenated Nitrile Butadiene Rubber market in the year 2017, and the market share in US $ is anticipated to get near about one and half times during the forecast period, 2018-2027. The continent is steered by the maximum production of Hydrogenated Nitrile Butadiene Rubber and also continue to demand maximum for Hydrogenated Nitrile Butadiene Rubber.
Global Hydrogenated Nitrile Butadiene Rubber Market: Competition Dashboard
Fact.MR has profiled some leading companies in the Hydrogenated Nitrile Butadiene Rubber market such as Rahco Rubber, Inc., JSR Corporation, Kumho Petrochemical Co., Ltd., Zeon Corporation, Sibur Holding, ARLANXEO, Versalis S.p.A., OMNOVA Solutions Inc., Lianda Corporation, Synthos S.A., and others located across the globe.
The prominent market players in hydrogenated nitrile butadiene rubber market are concentrating on the extension of their production abilities and vertical integration for business development. Moreover, the players are investing to expand the distribution network and empower the business relationship. The marketing strategy by manufacturers is expected to contribute for the growth of hydrogenated nitrile butadiene rubber market in the forecast period, 2018-2027.
Global Hydrogenated Nitrile Butadiene Rubber Market: Key Insights
The Hydrogenated Nitrile Butadiene Rubber market has grown consistently at a growth rate of 7.6%, and the market has been escalating at a significant pace. The growth of the automotive industry and chemical industry impacts the demand for Hydrogenated Nitrile Butadiene Rubber and also increases the market competitiveness.
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