Scienza e Tecnologia
Hydrogenated Nitrile Butadiene Rubber (HNBR) Market Players Likely to Gather Promising Demand Avenues from Automotive Sector: TMR
ALBANY, N.Y , Dec. 7, 2020 /PRNewswire/ -- Hydrogenated nitrile butadiene rubber (HNBR) is gathering traction across numerous end-use industries including automotive industry. One of the key factors attributed to increased use of this product is its ability to retain properties even after exposure to oil, chemicals, and heat for long period. This scenario depicts that the global hydrogenated nitrile butadiene rubber (HNBR) market will experience noteworthy demand opportunities during forthcoming years.
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Chemicals and Materials
Hydrogenated Bisphenol A Market - Hydrogenated bisphenol A (HBPA) is a saturated dialchol with a cycloaliphatic structure produced by dehydrogenating bisphenol. With a configuration similar to bisphenol A, it is available as a white, flaked material soluble in a wide range of organic solvents. Hydrogenated bisphenol is used as a raw material for various engineering plastics and paints such as epoxy, unsaturated polyester, polycarbonate, polyurethane, polyacrylate, and polysulphone. It is also employed in the preparation of alkyd, polyester, and epoxy resins, in which color stability and improved weatherability are important to ensure lasting quality. The aromatic groups of bisphenol A are highly rigid, leading to polymers with mechanical strength and high glass transition temperatures. As a result, bisphenol-based resins and polymers find application in consumer products and medical devices. For instance, bisphenol-derived resins are employed in coil and can coatings in food & beverages containers. Bisphenol-based polycarbonates and their copolymers also produce baby bottles, tableware, and water bottles, apart from applications in casting, laminating, coatings, and fiber production.
Styrenic Polymers Market - The global Styrenic Polymers Market for Medical Applications was valued at US$ 3,028.2 Mn in 2018 and is anticipated to expand at a CAGR of 6.6% during the forecast period. Used in a number of surgical instruments, connector tubes, portable medical devices, liquid containers, and bags, styrenic polymers and copolymers are seeing a rapid increase in demand for their superior properties such as high abrasion resistance, and dimensional stability. Besides, these have better processing timelines that other plastics. But, there are also other factors associated with these polymers that are not directly associated with the polymer properties but nonetheless, add to growing popularity. These include low cost and versatility in design. Additionally, it is also worth noting than in some countries use of PVC (poly vinyl chloride) is now banned or at least restricted, leading to a higher demand for styrenic polymers.
Plastic Compounding Market - The global plastic compounding market was valued at around US$ 60,000.0 Mn in 2018 and is anticipated to expand at a CAGR of more than 5.0% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) titled 'Plastic Compounding Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.' Rise in demand for plastic compounds in automotive and electrical & electronics industries is driving the global plastic compounding market. Asia Pacific accounted for dominant share of the global plastic compounding market in 2018. In terms of demand, China held major share of the market in the region in 2018. The plastic compounding market in Asia Pacific is expected to expand at a CAGR of around 6.0% during the forecast period.
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