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Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Report By Product (HNBR Solid (Seals & O-Rings, Belts & Cables, Hoses, Foamed Products, Adhesives & Sealants, and others), HNBR Latex (Non-Woven Fabric, Gloves, Paper Saturation, Films & Coating), Others), By End-User (Automotive, Machinery, Oil & Gas, Medical, Construction, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214141
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Overview
The key driver impacting the hydrogenated nitrile butadiene rubber (HNBR) market is the growing demand for hydrogenated nitrile butadiene rubber from several end-users such as automotive, construction, oil, and gas machinery applications. The rapidly growing automotive sector is estimated to boost huge HNBR demand in the coming years as it is the largest customer of HNBR. For instance, the Crescendo Worldwide Organization report shows, the global automobile production in 2019 was expected as 92 MN Vehicles, and it is estimated to grow by a CAGR of 20.78% by 2028. Moreover, the rising preference for hydrogenated nitrile butadiene rubber (HNBR) over nitrile butadiene rubber (NBR) has led HNBR to become one of the fast-growing raw materials utilized for the production of rubber articles which is estimated to be a significant factor that adds growth to the market.
The HNBR is widely employed in industrial sealing for oil field exploration, processing, and rolls for steel and paper mills, hence improving market demand in the forecast period. For instance, According to the International Association of oil and gas producer report (2018), the worldwide demand for oil in 2018 was 30% higher than in 2000. Also, demand for natural gas was surged by 60% during 2018. This growing oil and gas demand is likely to create more oil and gas explorations, in turn, creating demand for HNBR in the forecast period. However, the high cost of manufacturing may hamper the global HNBR industry in the long run. The current industry trends, such as the huge economic support governments providing for rubber production through subsidies, custom duty waivers, and tax breaks, are expected to provide beneficial market opportunities for the market players.
The hydrogenated nitrile butadiene rubber (HNBR) market is vast, with many local and global players. The key leaders follow several strategies to improve their market position, such as mergers, acquisitions, expansions, product innovations, and extending product portfolio, to boost their market share globally. For instance, in April 2018, Zeon Corporation (Tokyo), one of the largest producers of polymers globally, declared that it would increase the Kawasaki plant's production capacity to enlarge its business of specialty cross-linked hydrogenated nitrile rubber. The known players included in the report Polycomp, Rahco Rubber, Inc, ARLANXEO, Lianda Corporation, Zeon Chemicals, Elastomer Engineering Ltd., Parker Hannifin., Ge Mao Rubber Industrial Co., Ltd. (GMORS), and KACO GmbH + Co. KG.
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In this research report, the hydrogenated nitrile butadiene rubber (HNBR) market is segmented by product, end-user, and region.
Analysis by Product
By product, the report is categorized into (HNBR solid [Seals & O-Rings, Belts & Cables, Hoses, Foamed Products, Adhesives & Sealants, and others], HNBR latex [Non-Woven Fabric, Gloves, Paper Saturation, Films & Coating] and others). The HNBR solid segment dominates the product segment in 2019 with more than 65% market share. It is due to its extensive usage in the automotive industry, owing to its superior heat and oxidation stability, high mechanical strength, and excellent resistance to heat and fuel. Moreover, several advantages such as high and low-temperature ratings, strong chemical and abrasion resistance, strong resistance to weather, ozone, steam, fuels, oils, sour gas, animal and vegetable fats, automotive fluids, and several other chemicals, is contributing to the vast market demand from a wide range of industries.
Analysis by End-User
By end-user, the report is categorized into Machinery, Oil & Gas,Automotive, Medical, Construction, Others. The automotive segment dominates the end-user segment in 2019 with more than 50% market share. It is due to its high adoption in the automotive sector, particularly for producing synchronous timing belts, static and rotary seals, O-rings, and hoses, and these products require frequent replacement. Moreover, the rapidly growing automotive sector worldwide contributes to the vast market demand in the forecast period.
Analysis by Region:
In the regional outlook of the global hydrogenated nitrile butadiene rubber (HNBR) market, the Asia Pacific region dominates with a maximum market share of 40% in 2019. The rapidly growing automotive, oil-gas, and construction industries due to fast-paced industrialization and urbanization in India and China drive the HNBR market demand in the coming years. Moreover, growing government initiatives towards encouraging rubber production across India and China contributes to the development of the hydrogenated nitrile butadiene rubber (HNBR) market across the Asia Pacific. For instance, the Indian government facilitates rubber growers and manufacturers through trade fairs, and buyer-seller meets.
Market Segmentation covered in the Report:
By Product
By Region
The key driver impacting the hydrogenated nitrile butadiene rubber (HNBR) market is the growing demand for hydrogenated nitrile butadiene rubber from several end-users such as automotive, construction, oil, and gas machinery applications. The rapidly growing automotive sector is estimated to boost huge HNBR demand in the coming years as it is the largest customer of HNBR. For instance, the Crescendo Worldwide Organization report shows, the global automobile production in 2019 was expected as 92 MN Vehicles, and it is estimated to grow by a CAGR of 20.78% by 2028. Moreover, the rising preference for hydrogenated nitrile butadiene rubber (HNBR) over nitrile butadiene rubber (NBR) has led HNBR to become one of the fast-growing raw materials utilized for the production of rubber articles which is estimated to be a significant factor that adds growth to the market.
According to Value Market Research, the global hydrogenated nitrile butadiene rubber (HNBR) market was valued at around USD xxx billion in 2019 and is estimated to grow at a CAGR of about 9% during the forecast period of 2020 to 2026.
The HNBR is widely employed in industrial sealing for oil field exploration, processing, and rolls for steel and paper mills, hence improving market demand in the forecast period. For instance, According to the International Association of oil and gas producer report (2018), the worldwide demand for oil in 2018 was 30% higher than in 2000. Also, demand for natural gas was surged by 60% during 2018. This growing oil and gas demand is likely to create more oil and gas explorations, in turn, creating demand for HNBR in the forecast period. However, the high cost of manufacturing may hamper the global HNBR industry in the long run. The current industry trends, such as the huge economic support governments providing for rubber production through subsidies, custom duty waivers, and tax breaks, are expected to provide beneficial market opportunities for the market players.
The hydrogenated nitrile butadiene rubber (HNBR) market is vast, with many local and global players. The key leaders follow several strategies to improve their market position, such as mergers, acquisitions, expansions, product innovations, and extending product portfolio, to boost their market share globally. For instance, in April 2018, Zeon Corporation (Tokyo), one of the largest producers of polymers globally, declared that it would increase the Kawasaki plant's production capacity to enlarge its business of specialty cross-linked hydrogenated nitrile rubber. The known players included in the report Polycomp, Rahco Rubber, Inc, ARLANXEO, Lianda Corporation, Zeon Chemicals, Elastomer Engineering Ltd., Parker Hannifin., Ge Mao Rubber Industrial Co., Ltd. (GMORS), and KACO GmbH + Co. KG.
In this research report, the hydrogenated nitrile butadiene rubber (HNBR) market is segmented by product, end-user, and region.
Analysis by Product
By product, the report is categorized into (HNBR solid [Seals & O-Rings, Belts & Cables, Hoses, Foamed Products, Adhesives & Sealants, and others], HNBR latex [Non-Woven Fabric, Gloves, Paper Saturation, Films & Coating] and others). The HNBR solid segment dominates the product segment in 2019 with more than 65% market share. It is due to its extensive usage in the automotive industry, owing to its superior heat and oxidation stability, high mechanical strength, and excellent resistance to heat and fuel. Moreover, several advantages such as high and low-temperature ratings, strong chemical and abrasion resistance, strong resistance to weather, ozone, steam, fuels, oils, sour gas, animal and vegetable fats, automotive fluids, and several other chemicals, is contributing to the vast market demand from a wide range of industries.
Analysis by End-User
By end-user, the report is categorized into Machinery, Oil & Gas,Automotive, Medical, Construction, Others. The automotive segment dominates the end-user segment in 2019 with more than 50% market share. It is due to its high adoption in the automotive sector, particularly for producing synchronous timing belts, static and rotary seals, O-rings, and hoses, and these products require frequent replacement. Moreover, the rapidly growing automotive sector worldwide contributes to the vast market demand in the forecast period.
Analysis by Region:
In the regional outlook of the global hydrogenated nitrile butadiene rubber (HNBR) market, the Asia Pacific region dominates with a maximum market share of 40% in 2019. The rapidly growing automotive, oil-gas, and construction industries due to fast-paced industrialization and urbanization in India and China drive the HNBR market demand in the coming years. Moreover, growing government initiatives towards encouraging rubber production across India and China contributes to the development of the hydrogenated nitrile butadiene rubber (HNBR) market across the Asia Pacific. For instance, the Indian government facilitates rubber growers and manufacturers through trade fairs, and buyer-seller meets.
Market Segmentation covered in the Report:
By Product
- HNBR Solid (Seals & O-Rings, Belts & Cables, Hoses, Foamed Products, Adhesives & Sealants, and others)
- HNBR Latex (Non-Woven Fabric, Gloves, Paper Saturation, Films & Coating)
- Others
- Automotive
- Machinery
- Oil & Gas
- Medical
- Construction
- Others
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Product
3.7.2 By End-User
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 HNBR Solid Market by Regions
6.6 HNBR Latex Market by Regions
6.5 Others Market by Regions
7 . GLOBAL HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) MARKET ANALYSIS BY END-USER
7.1 Overview by End-User
7.2 Historical and Forecast Data
7.3 Analysis by End-User
7.4 Automotive Market by Regions
7.5 Machinery Market by Regions
7.6 Oil & Gas Market by Regions
7.7 Medical Market by Regions
7.8 Construction Market by Regions
7.9 Others Market by Regions
8 . GLOBAL HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) COMPANIES
9.1. Hydrogenated Nitrile Butadiene Rubber (Hnbr) Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF HYDROGENATED NITRILE BUTADIENE RUBBER (HNBR) INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Polycomp
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Rahco Rubber, Inc
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. ARLANXEO
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Lianda Corporation
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. Zeon Chemicals
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Elastomer Engineering Ltd.
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Parker Hannifin.
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Ge Mao Rubber Industrial Co., Ltd.
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. (GMORS)
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. KACO GmbH + Co. KG.
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (Kilo Tons and USD MN)
- HNBR Solid Market by Geography (Kilo Tons and USD MN)
- HNBR Latex Market by Geography (Kilo Tons and USD MN)
- Others Market by Geography (Kilo Tons and USD MN)
- Analysis Market by End-User (Kilo Tons and USD MN)
- Automotive Market by Geography (Kilo Tons and USD MN)
- Machinery Market by Geography (Kilo Tons and USD MN)
- Oil & Gas Market by Geography (Kilo Tons and USD MN)
- Medical Market by Geography (Kilo Tons and USD MN)
- Construction Market by Geography (Kilo Tons and USD MN)
- Others Market by Geography (Kilo Tons and USD MN)
- Global Hydrogenated Nitrile Butadiene Rubber (Hnbr) Market by Geography (Kilo Tons and USD MN)
- North America Market Analysis (Kilo Tons and USD MN)
- United State Market Analysis (Kilo Tons and USD MN)
- Canada Market Analysis (Kilo Tons and USD MN)
- Mexico Market Analysis (Kilo Tons and USD MN)
- Europe Market Analysis (Kilo Tons and USD MN)
- Europe Market Estimate by Country (Kilo Tons and USD MN)
- United Kingdom Market Analysis (Kilo Tons and USD MN)
- France Market Analysis (Kilo Tons and USD MN)
- Germany Market Analysis (Kilo Tons and USD MN)
- Italy Market Analysis (Kilo Tons and USD MN)
- Russia Market Analysis (Kilo Tons and USD MN)
- Spain Market Analysis (Kilo Tons and USD MN)
- Rest of Europe Market Analysis (Kilo Tons and USD MN)
- Asia Pacific Market Analysis (Kilo Tons and USD MN)
- China Market Analysis (Kilo Tons and USD MN)
- Japan Market Analysis (Kilo Tons and USD MN)
- India Market Analysis (Kilo Tons and USD MN)
- South Korea Market Analysis (Kilo Tons and USD MN)
- Australia Market Analysis (Kilo Tons and USD MN)
- Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
- Latin America Market Analysis (Kilo Tons and USD MN)
- Brazil Market Analysis (Kilo Tons and USD MN)
- Argentina Market Analysis (Kilo Tons and USD MN)
- Peru Market Analysis (Kilo Tons and USD MN)
- Chile Market Analysis (Kilo Tons and USD MN)
- Rest of Latin America Market Analysis (Kilo Tons and USD MN)
- Middle East & Africa Market Analysis (Kilo Tons and USD MN)
- Saudi Arabia Market Analysis (Kilo Tons and USD MN)
- UAE Market Analysis (Kilo Tons and USD MN)
- Israel Market Analysis (Kilo Tons and USD MN)
- South Africa Market Analysis (Kilo Tons and USD MN)
- Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Hydrogenated Nitrile Butadiene Rubber (Hnbr) Report
- Market Research Process
- Market Research Methodology
- Global Hydrogenated Nitrile Butadiene Rubber (Hnbr) Market Size, by Region (Kilo Tons and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (Kilo Tons and USD MN)
- HNBR Solid Market by Geography (Kilo Tons and USD MN)
- HNBR Latex Market by Geography (Kilo Tons and USD MN)
- Others Market by Geography (Kilo Tons and USD MN)
- Global Market Analysis by End-User (Kilo Tons and USD MN)
- Automotive Market by Geography (Kilo Tons and USD MN)
- Machinery Market by Geography (Kilo Tons and USD MN)
- Oil & Gas Market by Geography (Kilo Tons and USD MN)
- Medical Market by Geography (Kilo Tons and USD MN)
- Construction Market by Geography (Kilo Tons and USD MN)
- Others Market by Geography (Kilo Tons and USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments