[FURL=https://www.industryarc.com/Research/Hydrogenated-Nitrile-Butadiene-Rubber-Market-Research-510788?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Hydrogenated Nitrile Butadiene Rubber Market[/FURL] size is forecast to reach US$20.4 billion by 2026, after growing at a CAGR of 7.5% during 2021-2026. Globally, the rising demand for hydrogenated nitrile butadiene rubber also known as highly saturated nitrile (HSN), owing to its physical strength and preservation of propertiesHydrogenated Nitrile Butadiene Rubber Market after long-term exposure to oil, heat, and chemicals, from end use industries such as automotive, construction, oil and gas, and machinery applications is estimated to drive the market growth. Of the various synthetic rubbers used in the market, hydrogenated nitrile butadiene rubber is the most commonly used in a variety of industries. Moreover, the increasing usage of thermoplastic elastomers instead of hydrogenated nitrile butadiene rubber will act as a substitute that will hamper the hydrogenated nitrile butadiene rubber industry growth in the forecast era.Key Takeaways
With the growing global competition, hydrogenated nitrile butadiene rubber (HNBR) or highly saturated nitrile (HSN) has evolved its eminence in the automotive industry.
Rising shifts from nitrile butadiene rubber (NBR) to hydrogenated nitrile butadiene rubber (HNBR) have contributed to HNBR being one of the fast-growing raw materials in the manufacture of rubber articles.
Increasing adoption of synthetic rubbers such as hydrogenated nitrile butadiene rubber owing to its low heat buildup, by major tire manufacturers has raised the market growth over the forecast period.
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Hydrogenated Nitrile Butadiene Rubber Market Drivers
Growing Demand for Hydrogenated Nitrile Butadiene Rubber from the Oil and Gas Sector
The common usage of hydrogenated nitrile butadiene rubber components in oil and gas field applications are in dynamic atmospheres; especially sealing appliances that are in relative motion when interacting with surfaces.
Increasing Government Assistance for the Manufacture of Rubber
Governments of a number of leading rubber-producing countries, such as India, Thailand, and Indonesia, are providing economic assistance to rubber manufacturers in the form of discounts, tax cuts, and customs duty exemptions which is driving the market growth.
Hydrogenated nitrile butadiene rubber market are Elastomer Engineering Ltd., Polycomp, Zeon Chemicals, ARLANXEO, Rahco Rubber, Inc., Lianda Corporation, Ge Mao Rubber Industrial Co., Ltd. (GMORS), KACO GmbH + Co. KG, and Parker Hannifin among others.
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