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Global market dynamics have made this industry very dynamic over time; hence, its market trend shifts are quite significant nowadays. One of these is the increasing demand for high-performance elastomers from different industries. Specialty elastomers that are known for their resilience, flexibility, and ability to withstand extreme temperatures are manufactured using Ethylidene Norbornene as an important ingredient. Equally important is the growing emphasis on sustainable practices. Industries are currently realizing eco-friendly alternatives to adopt into their production or manufacturing processes because of environmental concerns associated with them. As such, environmentally friendly solutions are gaining a lot of support; hence, ethylidene norbomene, which is a versatile compound, has experienced increased demand since it falls within this broad trend. Manufacturers have begun using ENB in formulations to make products with lower environmental impacts.
Geographical shifts in production and consumption patterns are being witnessed globally in Ethylidene Norbornene. Although North America and Europe remain traditional manufacturing hubs, there has been rapid growth in production and consumption in Asia-Pacific region. Technological advancement also influences market trends. Ongoing research, as well as developments in polymer science and materials engineering, have led to the discovery of novel applications for Ethylidene Norbornene (ENB). This widens its use beyond its conventional use, thereby creating opportunities for growth and diversification within the industry.
Market players have also taken strategic initiatives to respond to these changes. Mergers and acquisitions, partnerships, and collaborations are popular in the Ethylidene Norbornene industry as companies seek to consolidate their positions and extend the range of their products. Additionally, fluctuations in the prices of raw materials also influence market dynamics. Raw material prices tend to impact the ENB market significantly, whereby volatility in key ingredients has a chain effect on the overall industry. In conclusion, demand patterns for sustainability initiatives, geographic shifts, technological advancements, strategic initiatives as well as raw material prices, among others, are some of the many factors that make up or contribute to the complex and dynamic nature of Ethylidene Norbornene industry trends.
Ethylidene Norbornene Market Highlights:
Global Ethylidene Norbornene Market Overview
The Ethylidene Norbornene Market Size was valued at USD 5.09 Billion in 2023. The ethylidene norbornene industry is projected to grow from USD 5.42 Billion in 2024 to USD 8.90 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2024 - 2032). Ethylidene norbornene is a bicyclic monomer that is manufactured from vinyl norbornene. It is used to prepare ethylene propylene diene monomer rubber for non-tire synthetic rubber applications. Due to this application, the market is noticing huge growth. The monomer properties are rapid curing, high tensile strength, and high wear and weather resistance. These applications are rising in the market’s demand in the end-user segments, consisting of industry verticals like automotive, electrical & electronics, building and construction, and others. TheThe growth of the Ethylidene Norbornene Market is chiefly driven by the rise in EPDM in various industries. It is used in fragrances and flavors based on its molecular structure.
The market’s growth is influenced by socioeconomic trends like the growing rate of the middle-class population, massive economic growth, and changes in demographics in regions like China, South Africa, India, Brazil, and other countries.
The demand for EPDM in the production like gaskets, seals, roof sheeting, and others in the industrial sectors like automotive and building and construction. The automotive segment acquires the largest market share in the forecast period, followed by the building and construction segment. Furthermore, the monomer's electrical insulation and heat, weathering, and resistance properties drive the Ethylidene Norbornene Market demand in the electrical & electronics industry.
Competition Analysis
The global ethylene norbornene market is a highly consolidated market with leading two players accounting for the majority share in the production and supply of ENB. Furthermore, key market participants are investing for debottlenecking their production capacity to meet the growing global demand and establishing their foothold in developing countries such as China, India, and ASEAN countries.
Some of the key producers of ENB are JXTG Nippon Oil & Energy Corporation INEOS Oxide, Dow, Exxon Mobil Corporation and Uniroyal (Crompton). Some of the suppliers of ENB across the globe are Ningbo Titan Unichem Co., Ltd (China), CHEMOS GmbH & Co. KG (Germany), Crescent Chemical Company (US), Beyond Industries Limited (China), Simagchem Corp (China), Hangzhou Dayangchem Co. Ltd (China), abcr GmbH (Germany), and Ningbo Yonghua Resin Co., Ltd (China), among others.
Global Ethylidene Norbornene Market Share, by End-Use Industry, 2018 (%) 
Source: MRFR Analysis
Regional Analysis
Asia-Pacific is estimated to account a significant share of the global ethylidene norbornene market in 2018 as a result of rapid industrialization and urbanization in developing economies such as India, China, and ASEAN countries. The surge in automotive production in the region and increasing infrastructural investments in the region are some of the key factors expected to boost the demand for ENB in the region during the forecast period. Moreover, favorable government policies in countries such as India and China to support domestic manufacturing industries are expected to contribute to the growth of the regional market during the forecast period. Furthermore, the leading market participants in the regional market are statically planning to strengthen their foothold in the developing countries particularly China and India to increase their market share.
The European region is expected to be the second-largest market in terms of value and is expected to witness moderate growth during the forecast period. The presence of many automotive manufacturers in the region is one of the key driving factors for the growth of the regional market. Moreover, increasing investment for the repair and refurbishment in the construction industry is expected to be another prime factor propelling the growth of the market during the forecast period. North America is estimated to be another prominent regional market for ENB. The recovery of the construction industry particularly in the US is expected to augment the market for EPDM construction components which is expected to drive the demand for ethylene norbornene during the forecast period. Furthermore, the surge in the sale of automobiles in the region is expected to boost the demand for ENB.
The market for ENB in Latin America is expected to grow substantially owing to the growing automotive industry and positive economic & political outlook. The Middle East & African market is expected to be low valued and witness moderate growth during the forecast period.
Segmentation
The global ethylidene norbornene market has been segmented by grade, end-use industry, and region.
Based on grade, the global market has been divided into industrial grade and aroma grade.
By end-use industry, the global market has been classified into automotive, construction, electrical & electronics, fragrance, and others.
The global market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Recent Development
In January 2022
Gummi-Welz GmbH & Co. KG, HÜBNER has strengthened their product range to elastomer seals for buses and trains.
In May 2022
Asia’s ethylene propylene diene monomer market will showcase price potential due to the rise in feedstock costs. The demand is expected to increase in the automotive sectors in Asia, Europe, Latin America, and the US.
On 13 May, prices of ethylidene norbornene in Asia are propelled by USD 50/tonnes week-on-week to USD 1,350-1,550/tonnes.
Intended Audience
- ENB producers
- Traders, distributors, and supplier of ENB
- Potential investors
- Raw material suppliers
- Ethylene propylene diene monomer (EPDM) producers
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