Hydrogenated Nitrile Butadiene Rubber Market: Technological Augmentation Drives Growth till 2027

In order to study the many forthcoming movements and patterns prevailing in the global market, FactMR has included the latest Forecast report on Hydrogenated Nitrile Butadiene Rubber Market to its vast database. The delivered study offers significant figures about the leading regions and applications which are functioning in the hydrogenated nitrile butadiene rubber market Forthcoming Trends by 2027, along with their market production, consumption, revenue, upcoming industry trends and forecasted market share details. Further, the accomplished market research report also anticipates that the concerned market would grow at a constructive CAGR until 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.

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.

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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.

Thermoplastic elastomers are increasingly being used as a substitute for both synthetic and natural rubber in several applications in the construction, footwear, automotive, and electronic industry. Thermoplastic elastomers have successfully replaced synthetic rubbers to a large extent and the discovery of newer applications of thermoplastic elastomers could restrain growth in the hydrogenated nitrile butadiene rubber market.

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