Prismane

Global Hydrogenated NBR (HNBR) Market Demand & Forecast Analysis, 2016-2032

HNBR Market Overview

In 2022, the global HNBR market size was estimated to around USD 54 million. HNBR market is a part of NBR rubber and accounts very small market share of 3% in global NBR market. The HNBR market is segmented by applications into O-rings, seals & hoses, complex moulding parts, and others. By end-use, it is divided into automotive, industrial, oil & gas, and others. With improved properties compared to NBR, HNBR is highly appreciated material in automotive and oil & gas industries. On the back of increasing end use industry such as automotive and oil & gas, the global HNBR market is anticipated to grow at a CAGR of 6% to reach at market evaluation of USD 95 million. 
Global HNBR Demand Supply Analysis, 2016-2032 (Kilo Tons)
Global HNBR Demand Supply Analysis, 2016-2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

Introduction to HNBR

Hydrogenated Nitrile Butadiene Rubber (HNBR) is an elastomer produced by the hydrogenation of unsaturated bonds in the butadiene rubber. HNBR offers excellent properties such as excellent oil fuels, heat, steam, and ozone resistance. It also offers better tensile and tear strength with elongation, abrasion, and improved wear resistance than nitrile rubber. HNBR is used in O-rings due to its superior mechanical properties and resistance to heat, ozone, oils, greases, chemicals, and abrasion. HNBR O-rings finds applications in multiple industries, including automotive, oil & gas, manufacturing, chemical processing etc. In oil & gas sector, HNBR O-rings are used in oil well drilling and exploration equipment.

HNBR Supply Overview

Key manufacturers of HNBR include Arlanxeo, and Zeon Corporation. Arlanxeo produces HNBR under the brand name Therban® and Zetpol®. The global HNBR capacity in 2022 was estimated to be around 22.5 Kilo tons. Arlanxeo is largest manufacturer accounting more than 50% of global HNBR capacity. Zeon Corporation is a second major player having total HNBR capacity of 9.5 Kilo tons. Both this companies have capacity located in USA, making it largest producers of HNBR in the world. Followed by USA, Germany and Japan are major producers of HNBR. 
Global HNBR Demand Analysis, By End Use, 2016-2032 (Kilo Tons)
Global HNBR Demand Analysis, By End Use, 2016-2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

HNBR Demand Overview

In terms of HNBR demand by end-use industry, automotive dominates the global HNBR market, owing to its wide use in seals, hoses, and belts due to its better mechanical strength and excellent resistance. HNBR is used in seal applications for automotive systems and heavy equipment owing to its retention of properties even after exposure to oil, heat, and chemicals for a long time. HNBR is also used in hoses, belts, O-rings, etc. 
Global HNBR Demand , By Region, 2022 (Kilo Tons)
Global HNBR Demand , By Region, 2022 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

Asia Pacific and North America collectively accounts for a major share of the global HNBR market, on the back of a robust automotive industry in these regions. Asia Pacific is projected to witness highest growth for HNBR in the coming years owing to increasing population and rising disposable incomes in the region. 

Recent Development in HNBR Market

Recent developments in the HNBR market include Arlanxeo’s production capacity expansion in Leverkusen, Germany by 10%. The capacity expansion is estimated to be completed by end of 2022 to cater the growing demand of HNBR in the automotive, oil exploration, and aerospace sector. The company is also planning to increase the HNBR by around 1 kilo tons at its facility in Orange, Texas., USA

Zeon Chemicals of USA, a subsidiary of Zeon Corporation has announced that it will expand the capacity of its HNBR facility in Texas, USA by 2025. The expansion will increase the company’s global production capacity by around 25%. 

In China, Sinopec have planned to bring 5 Kilo tons of HNBR capacity in 2023 at Shandong, making it largest HNBR producer in the country.

Scope of Report 
The HNBR report describes the global HNBR market, with a focus on the country, applications, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, By Applications, and By End-Use.
•  Capacity & Production
•  Net Export
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  HNBR Market data in terms of volume and value for each end-use 
   at regional and country level
•  HNBR Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  End-Use Industries
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Industrial
      • Oil & Gas
      • Others 
5.  Introduction to Hydrogenated NBR and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Hydrogenated NBR Demand Supply Analysis, By Applications, By End-Use Industries (Volume, Value) (2016–2032) 
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Hydrogenated NBR Market, By Applications
               - O Rings
               - Seals & Hoses
               - Complex molding parts
               - Others
      •  Global Hydrogenated NBR Market, By End-Use Industries
               - Automotive
               - Industrial
               - Oil & Gas
               - Others
8.  Demand SupplyAnalysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Hydrogenated NBR  Market, By Applications
      •  Hydrogenated NBR Market, By End-Use Industries
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications and end-use industries has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the applications and end-use industries  to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
9.  Pricing Analysis
      •  Average HNBR Prices, USD/Kg
      •  Average HNBR Prices, by Country 
      •  Average HNBR Prices, by Region
      •  Price Forecast
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      • Hydrogenated NBR Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             - Arlanxeo
             - Zeon Corporation
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 
The HNBR report describes the global HNBR market, with a focus on the country, applications, and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, By Applications, and By End-Use.
•  Capacity & Production
•  Net Export
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  HNBR Market data in terms of volume and value for each end-use 
   at regional and country level
•  HNBR Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment