Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Size By Application, By End Use Industry, By Geographic Scope And Forecast
Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Size And Forecast
Hydrogenated Nitrile Butadiene Rubber (HNBR) Market was valued at USD 11.92 Billion in 2019 and is projected to reach USD 22.38 Billion by 2027, growing at a CAGR of 8.2% from 2020 to 2027.
Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Worldwide, demand for hydrogenated nitrile butadiene rubber (HNBR)s is rising with increasing consumption of HNBR in manufacturing industrial and medical gloves. As a rise in the number of industrial accidents and HNBR gloves are highly recommended in almost all major industrial applications. Thus drive the market for hydrogenated nitrile butadiene rubber during the forecasted period. Also, HNBR possesses excellent solvent or chemical resistance, along with the superior thermal stability, which makes it the most preferred material in manufacturing medical non-latex gloves. Additionally, HNBR has better ozone resistance, high strength, and better tolerance than NBR in oil drilling applications, it is expected to boost the HNBR market. However, the availability of substitutes such as thermoplastic elastomers might hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Competitive Landscape
The Global Hydrogenated Nitrile Butadiene Rubber (HNBR) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Zeon Chemicals, Polycomp, ARLANXEO, Lianda Corporation, Elastomer Engineering Ltd., Rahco Rubber, Inc., Ge Mao Rubber Industrial Co., Ltd, Parker Hannifin, and KACO GmbH + Co. KG.
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