Rubber additives market estimated at $6.98 billion by 2027

The rubber additives market will reach an estimated valuation of $6.98 billion by 2027, while registering this growth at a rate of 5.50 percent for the forecast period of 2020 to 2027, according to Data Bridge Market Research. The rubber additives market report analyzes the growth, which is currently being owed to the focus of advancements adopted by the industries because of the significant viscosity shown by rubber additives.

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Hydrogenated nitrile butadiene rubber (HNBR) market projected to reach $22.38 billion by 2027

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 growt

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Global EPDM market projected to reach $1.2 billion by 2026

EPDM rubber accounts for significant portion of rubber parts that are utilized in automotive vehicle. In the automotive industry, EPDM is used in hoses, gaskets, body sealing, weather stripping, brake parts, windshield wipers, and other under-hood applications. The automobile production is in decline phase since 2018. The production further dipped in 2020 due to COVID-19 pandemic. However, the market is expected to grow in the near future with the rise in the living standard of people and the development of new technologies

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