The global market for hydrogenated nitrile butadiene rubber was valued at $10,582.4 million in 2017. The market is forecast to expand at a CAGR of 7.6 percent 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. Hydrogenated nitrile butadiene rubber is widely used in the automotive industry to manufacture o-rings for air conditioning systems. 


According to the product type, the 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 and seals, timing belts, o-rings and gaskets, and others. The market is segmented on the basis of end use industries such as automotive, oil and gas, food and 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 percent 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 dollars is anticipated to reach nearly about one and a half times during the forecast period, 2018-2027. The continent is steered by the maximum production of hydrogenated nitrile butadiene rubber and also continues to demand the maximum for hydrogenated nitrile butadiene rubber. 


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 and 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.



2019-02-01

合成橡胶天然橡胶价格走势
合成橡胶天然橡胶价格走势

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来源:Rubber World

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