Moves in the inclination from nitrile butadiene rubber (NBR) to hydrogenated nitrile butadiene rubber (HNBR) has prompted HNBR getting to be one of the quickly developing crude materials in the generation of rubber articles. The interminable ascent in buyer inclination for top notch rubber requires an adjustment in the generation procedure of rubber. Because of its physical quality and awe inspiring maintenance properties, hydrogenated nitrile butadiene rubber discovers the all important focal point in various car, development, oil and gas, and hardware applications. The car business alone accounted for 47% share in the hydrogenated nitrile butadiene rubber market in 2018.
Considering the popularity of hydrogenated nitrile butadiene rubber in numerous industrial applications, and its contribution to the growth of the synthetic rubber industry, manufacturers are vying towards increasing their production capacities for HNBR. Sensing the high demand for hydrogenated nitrile butadiene rubber in the end-use sector and the volatility in the prices of natural rubber leading to a shift towards synthetic rubber, TMR has conducted extensive research on the hydrogenated nitrile butadiene rubber market. In its new study, TMR lays bare the key trends in the hydrogenated nitrile butadiene rubber market, and explains how the change in opportunities has impacted the key strategies of stakeholders in the HNBR market space.
- Evolutionary Landscape of the HNBR Market
The synthetic rubber market is a key example of how volatility promotes growth. The synthetic rubber market came into the picture when the economic slowdown and low prices started hampering the natural rubber industry. It has now become an important commodity catering to the rising demand due to industrialization. Among the numerous synthetic rubbers in the market, hydrogenated nitrile butadiene rubber finds extensive application across a number of industries. The global hydrogenated nitrile butadiene rubber is projected to be valued at ~ US $ 60 Mn by the end of 2027, states TMR.
HNBR got its very own eminence because of the rising global competition in the automotive industry. New trends in engine designs called for the need to incorporate high-performance material in developing timing belts. To address this need, automotive manufacturers started moving away from polychloroprene to replace it with HNBR as the key raw material for timing belts.