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 $24.7 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.