 Market overview.webp)
Hydrogenated Nitrile Butadiene Rubber Market size was USD 11.9 billion in 2024 and is estimated to reach USD 41.7 billion by the end of 2037, expanding at a CAGR of 10.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of hydrogenated nitrile butadiene rubber (HNBR) is evaluated at USD 13.1 billion.
Hydrogenated nitrile butadiene rubber is gaining traction across various end use industries owing to its unique and versatile characteristics. Manufactured using acrylonitrile and butadiene as base materials, HNBR sales are directly associated with their trade. Asia Pacific has high dominance in the acrylonitrile and butadiene trade. This is attributed to the strong presence of chemical industries and supportive regulations. The positive foreign direct investments (FDI) in the chemical sector are augmenting the overall hydrogenated nitrile butadiene rubber market growth.
|
Acrylonitrile Butadiene Rubber (NBR) Except as Latex |
|||
|
Country |
Exports Value in USD Million |
Country |
Exports Value in USD Million |
|
South Korea |
317 |
China |
236 |
|
France |
225 |
U.S. |
192 |
|
U.S. |
190 |
Germany |
122 |
|
Japan |
167 |
India |
105 |
|
Russia |
86.2 |
Belgium |
85 |
Source: OEC
The Observatory of Economic Complexity (OEC) study reveals that the acrylonitrile butadiene rubber (NBR) except as latex trade was calculated at USD 1.4 billion, in 2022, representing 0.0059% of the global trade. Holding the 1840th position as the most traded product, the high trade activities were signified by South Korea and China. The market concertation was measured at 3.51 using Shannon Entropy, explaining export dominance by 11 countries. The major importers of South Korean NBR expect latex were China, India, the U.S., Italy, Vietnam, Germany, and Turkey, in 2022. These estimates highlight high growth aspects for HNBR manufacturers in the coming years.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
10.1% |
|
Base Year Market Size (2024) |
USD 11.9 billion |
|
Forecast Year Market Size (2037) |
USD 41.7 billion |
|
Regional Scope |
|
Product (HNBR Solid, HNBR Latex)
The HNBR solid segment is likely to hold hydrogenated nitrile butadiene rubber (HNBR) market share of over 68.2% by the end of 2037. The solid segment is bifurcated into belts & cables, seals & O-rings, hoses, adhesives & sealants, foamed products, and others. The solid HNBR solutions are finding high applications in the aerospace and defense sectors owing to their high durability and performance under extreme conditions. These characteristics are expanding their use in seals, gaskets, and other critical components. The growth in the aerospace and defense industry is set to directly fuel the demand for solid hydrogenated nitrile butadiene rubber products. The Research Nester’s study estimates that the aerospace and defense market was calculated at USD 829.0 billion in 2023.
End use Industry (Automotive, Machinery, Oil & Gas, Medical, Construction, Others)
In hydrogenated nitrile butadiene rubber (HNBR) market, automotive segment is set to dominate revenue share of over 53.5% by 2037. The rapidly increasing number of vehicle registrations across the world is highlighting the use of HNBR in production. For instance, in February 2024, the World Economic Forum (WEF) stated that China is the major exporter of vehicles across the globe. Furthermore, the OEC report reveals that in 2022, cars were the 5th most traded products accounting for USD 782.0 billion of trade. The CAGR of car exports between 2021 to 2022 was registered at 7.51%. Germany and the U.S. were the top exporters and importers of cars totaling USD 149 billion and USD 159 billion worth of trade, respectively, in 2022.
Our in-depth analysis of the global hydrogenated nitrile butadiene rubber (HNBR) market includes the following segments:
|
Product |
|
|
End use Industry |
|
Asia Pacific Market Forecast
By 2037, Asia Pacific hydrogenated nitrile butadiene rubber market is predicted to dominate over 44.5% revenue share. The strong presence of chemical manufacturers, high raw material production activities, and supportive government policies are collectively contributing to the overall market growth. South Korea, Japan, China, and India are the most opportunistic marketplaces for hydrogenated nitrile butadiene rubber manufacturers.
In China, the expanding manufacturing operations of HNBR manufacturers are backing the trade of hydrogenated nitrile butadiene rubber products. For instance, the OEC report estimates that the export value of raw materials of HNBR specifically acrylonitrile butadiene rubber (NBR) except as latex was calculated at USD 62.7 million, in 2022. The major importers of Chinese NBR except as latex were India, Vietnam, Chinese Taipei, South Korea, Indonesia, and Malaysia, accounting for 18.7%, 14.7%, 10.8%, 5.54%, and 5.08% of the total export trade share, in 2022, respectively.
India’s boasting chemical industry is highlighting how opportunistic the country is for HNRB producers. Supportive regulations and foreign direct investment policies are uplifting the market growth in the country. The study by the India Brand Equity Foundation (IBEF) states that the export trade of organic and inorganic chemicals totaled USD 14.09 billion between Q2 and Q3 2024. The chemical industry has a major influence on India’s economic growth and contributes 7% to the GDP. The country holds 8th and 14th position on the global scale as the importer and exporter of chemicals.
North America Market Statistics
The North America hydrogenated nitrile butadiene rubber (HNBR) market is foreseen to increase at the fastest pace during the study period. The strong presence of end use industries such as automotive, aerospace & defense, oil & gas, and construction is fueling the sales of hydrogenated nitrile butadiene rubber products. The infrastructure development projects are offering lucrative opportunities for hydrogenated nitrile butadiene rubber manufacturers in both the U.S. and Canada.
In the U.S., HNBR is finding extensive use in automobile and component manufacturing such as belts, seals, and gaskets. The growth in the automotive trade reflects the consumption of hydrogenated nitrile butadiene rubber products. For instance, in April 2023, the Washington International Trade Association (WITA) stated that in Q1’23, U.S. auto exports reached 19.3% YoY to USD 22.1 billion, and imports surpassed 21.6% to USD 44.5 billion. Thus, the booming auto trade activities are anticipated to generate high-earning opportunities for HNRB producers.
In Canada, the ongoing infrastructure development projects and advancements in the oil sands industry are augmenting a high demand for hydrogenated nitrile butadiene rubber products. The Canadian Association of Petroleum Producers (CAPP) reveals that the Canadian oil sand reserves hold the top position globally with 164.0 billion barrels of production. Furthermore, the Statistics Canada report stated that the transportation and water infrastructure in the country totaled a replacement value of around USD 1.8 trillion in 2022. These statistics highlight that the high oil production and infra-development investment initiatives are augmenting the consumption of hydrogenated nitrile butadiene rubber products in the country.
 Market share.webp)
The global hydrogenated nitrile butadiene rubber (HNBR) market is characterized by the emergence of new companies and the existence of industry giants. The new companies are investing in R&D activities to develop innovative products and stand out in the crowded landscape. The leading companies are employing several organic and inorganic strategies such as new product launches, strategic collaborations & partnerships, regional expansions, and mergers & acquisitions to attain a dominant position in the global market. Considering the high demand from end use industries, the HNRB manufacturers are majorly focusing on expanding production units.
Some of the key players include:
Author Credits: Rajrani Baghel
Copyright © 2025 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?