Hydrogenated Nitrile Butadiene Rubber Market Size Forecast to Reach US$20 4 Billion by 2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
Hydrogenated Nitrile Butadiene Rubber Market Segment Analysis – By End Use Industry
The automotive sector held the largest share of more than 25% in the hydrogenated nitrile butadiene rubber market in 2020. This is primarily due to the rising consumption of HNBR or highly saturated nitrile (HSN) for producing belts, seals, and hoses in the automotive industry. In addition, the various benefits associated with the use of HNBR such as excellent durability of heat and oxidation, coolants and oils, high mechanical strength, and superior resistance to fuels, strengthen the automobile industry’s acceptance of hydrogenated nitrile butadiene rubber HNBR. Also, the automotive industry is the largest customer of the hydrogenated nitrile butadiene rubber market. The increasing use of products such as O-rings, suspension parts, mountings, fan belts in automotive is estimated to drive the hydrogenated nitrile butadiene rubber market growth in the predicted period.