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Hydrogenated Nitrile Butadiene Rubber (HNBR) Market is expected to grow at a CAGR of 8.62% during the forecasted period | Evolve Business Intelligence
• The global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market size was valued at USD 507.48 Million in 2022 growing at a CAGR of 8.62% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market size accounted for USD 507.48 Million in 2022, growing at a CAGR of 8.62% from 2023 to 2033. The hydrogenated nitrile butadiene rubber (HNBR) market involves a synthetic elastomer characterized by enhanced resistance to heat, oil, and chemicals. HNBR is derived from nitrile butadiene rubber (NBR) through a hydrogenation process, resulting in improved properties for high-performance applications. Widely used in industries such as automotive, oil and gas, and aerospace, HNBR exhibits excellent durability, thermal stability, and resistance to harsh environments. The market's growth is driven by the demand for seals, gaskets, and hoses with superior performance in challenging conditions, coupled with the increasing focus on energy efficiency and sustainability in various manufacturing sectors.
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The Hydrogenated Nitrile Butadiene Rubber (HNBR) market is driven by the growing demand for high-performance elastomers with enhanced heat, oil, and chemical resistance. Widely used in automotive, oil and gas, and aerospace industries, HNBR meets the requirements for durable seals, gaskets, and hoses in challenging environments. The market's expansion is further fueled by the increasing emphasis on energy efficiency and sustainability in manufacturing applications.
Key Players
Some of the major Hydrogenated Nitrile Butadiene Rubber (HNBR) Market players holding high market shares include Arlanxeo (The Netherlands), Zeon Corporation (US), Polycomp (The Netherlands) and Eriks NV (The Netherlands). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Rahco Rubber Inc. (US), Mantaline (US), Trelleborg Sealing Solutions (US) and MCM SpA (Italy).
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Segmental Analysis
Based on Product, the Hydrogenated Nitrile Butadiene Rubber (HNBR) market is segmented into HNBR Solid [Belts & Cables, Seals & O-Rings, Hoses, Adhesives & Sealants, Foamed Products and others], HNBR Latex [Gloves, Non-Woven Fabric, Films & Coating and Paper Saturation].
Based on End-Use Industry, the Hydrogenated Nitrile Butadiene Rubber (HNBR) market is segmented into Automotive, Machinery, Oil & Gas, Medical and Construction.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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