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Ethylidene Norbornene Market By Grade (Industrial, Aroma) By End-Use Industry (Automotive, Construction, Electrical & Electronics, Fragrance, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

About this report

The global Ethylidene Norbornene Market report explores the critical analysis of the ethylidene norbornene industry using key parameters. The report consists of investment strategies, the need for investments in the ethylidene norbornene industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the ethylidene norbornene industry and how economic and non-economic barriers are helping the market grow. Furthermore, the report examines historic and forecasted market sizes at the global, regional, and country levels. The report also includes an in-depth examination of key investment propositions, the demand and supply gap, competitor positioning, SRC analysis, STAR analysis, and Tornado analysis. Important technological advancements and other analyses, including Porter's Five Forces, PESTEL, Value Chain, etc.


Key Highlights of the report

How are the major segments performing in the Ethylidene Norbornene Market?

The industrial segment led the global market in grade in 2021 and is expected to continue throughout the projection period. Ethylidene Norbornene is an industrial chemical used to produce other industrial chemicals driving the segment's growth. Moreover, the automotive and construction industry's growth is expected to drive demand for ethylidene norbornene due to an optimistic outlook for industrial ethylene propylene diene monomers worldwide.

The automotive sector held the largest market share in the end-use industry category in 2021 due to the rising demand for advanced heat and weather-resistant synthetic rubber for diverse applications. The automotive segment is expected to grow rapidly during the forecast period due to increased demand for ethylene propylene diene monomer in automotive applications.

Which region dominated the Ethylidene Norbornene Market?

Asia-Pacific dominated the global market for ethylidene norbornene in 2021 due to the quick urbanization and industrialization of developing nations like China, India, and other Asian nations. The region's main factors influencing market demand are rising infrastructure investments and increased automotive production. Besides, favorable government policies promoting domestic manufacturing industries in countries such as Japan, India and China are expected to contribute to regional market growth over the forecast period. Furthermore, the leading regional market participants are strategically planning to strengthen their foothold in developing countries, particularly China and India, to increase their market share.

What is the competitive environment of the Ethylidene Norbornene Market?

The major players in the global ethylidene norbornene market utilize various inorganic and organic growth strategies, including joint ventures, mergers and acquisitions, collaborations, expansion, new product launches, strategic alliances, and research and development to expand their regional presence and business operations. For instance, Gummi-Welz GmbH & Co. KG expanded their product line to include elastomer seals for buses and trains in January 2022. On the other hand, Ineos intended to construct a new ethylidene norbornene (ENB) manufacturing unit in June 2018. Ineos Oxide's new investment in DCPD production capability would be a logical strategic advancement of the company's business portfolio and support its global ENB aims.

Executive Summary

What are all chemical developments being developed in the Ethylidene Norbornene Market?

The compound ENB, also known as ethylidene norbornene, is a bicyclic monomer and intermediate with two double bonds, each of which has a unique reactivity. C9H12 is its chemical formula. It has a boiling point of 297.7° F at 760.0 mm Hg and a melting point of -112° F. For instance, one of the double bonds can be reacted while the other double bond remains unreacted. ENB is synthesized from vinyl norbornene, which is synthesized from butadiene and dicyclopentadiene DCPD. Strong oxidizing agents can cause Ethylidene Norbornene to react violently. Exothermic reactions with reducing agents can result in the release of hydrogen gas. Exothermic addition polymerization reactions can occur in the presence of various catalysts (such as acids) or initiators. It is flammable and water-insoluble. ENB is a colorless liquid with an extremely strong odor at room temperature and pressure. Ethylidene Norbornene cures quickly and has high tensile strength. Applications and Uses ENB is a synthetic rubber compound used to make ethylene-propylene-diene monomer (EPDM) elastomers (EPDM Rubber). EPDM rubber is used in various applications, from automobiles to food containers. ENB is an industrial chemical that is used in the production of other industrial chemicals.

Which are the key investments by the players in the Ethylidene Norbornene Market?

Ethylidene norbornene has found use across various industries due to its exceptional adaptability and flexibility. The key player is making various investments. For instance, in May 2020, Saudi Aramco and Total announced a memorandum of understanding (MOU) with JXTG Nippon Oil & Energy Corporation to build new Ethylidene Norbornene (ENB) Facility as part of Amiral. JXTG intends to invest in a state-of-the-art ENB plant with a capacity of 23,000 tons per year, which will use feedstock from the Amiral complex in Jubail, on Saudi Arabia's eastern coast. In April 2020, JXTG began the feasibility study for the ENB plant.

Some of the major players in the market are INEOS Oxide, Hangzhou Dayangchem Co. Ltd (China), Dow Chemical, Exxon Mobil Co. and Uniroyal (Crompton), Ningbo Titan Unichem Co. Ltd (China), CHEMOS GmbH & Co. KG (Germany), Crescent Chemical Company (US), Beyond Industries Limited (China), and Simagchem Corp (China).

What are the Major Driving Factors for the Ethylidene Norbornene Market?

Due to its excellent properties, the automotive, electrical & electronics, building, and fragrance industries are increasingly using ethylidene norbornene. Increased demand for ethylidene norbornene in the automotive and construction industries is expected to drive the market during the forecast period. Rapid urbanization and increased automobile production and sales in developing and developed economies are expected to boost demand for ethylidene norbornene in various end-use sectors, propelling the market forward.

What are the Major Risks for the Ethylidene Norbornene Market?

Raw material price fluctuations are expected to hinder the global ethylidene norbornene market. Ethylidene norbornene applications are not universally regulated, which will harm the market. Each country has its own set of rules and regulations regarding ethylidene norbornene. Compliance with these country-specific directives and legislations is difficult for businesses. The market may suffer due to this deterring investment in the ethylidene norbornene sector. Lack of awareness and low adoption rate of ethylidene norbornene in several developed and developing countries are also expected to restrain the market during the forecast period.

Which is the key End-user in the Ethylidene Norbornene Market?

The automotive sector dominated the ethylidene norbornene market in 2021. ENB is a cross-linking agent for ethylene propylene diene monomer (EPDM) rubber, synthetic rubber with excellent heat and weather resistance that is used in a wide range of automotive rubber applications. Due to the rising demand for ethylene propylene diene monomer in automotive applications, the automotive sector is anticipated to grow significantly over the forecast period. Furthermore, the monomer's electrical insulation, heat, weathering, and resistance properties drive market demand in the electrical and electronics industry. Due to the substance's molecular structure, it is also utilized in flavors and fragrances.

How is the Ethylidene Norbornene Market performing in regions?

The Asia Pacific dominated the global ethylidene norbornene market in 2021, owing to the region's rapidly expanding building and construction industry. The increase in disposable income and improvement in people's standard of living in various Asia Pacific countries is driving up demand for automotive vehicles. This, in turn, increases the demand for ethylidene norbornene. Rapid growth in the building and construction industries in China, India, Japan, and South Korea is expected to boost the consumption of ethylidene norbornene in the building and construction end-use industry, thereby boosting the market in the region.

Besides, the European region is expected to grow the most during the forecast period. One of the key factors driving the regional market growth is the presence of many automotive manufacturers in the region. Furthermore, rising investment in the construction industry's repair and refurbishment is expected to be a key driver of market growth over the forecast period. North America's market is also expected to expand rapidly during the projected period, owing to well-established automotive players in the United States and Canada.

What is the regulatory landscape for the Ethylidene Norbornene Market?

Government policies supporting domestic manufacturing industries in countries such as Japan, India, and China are driving market demand. The European Union approved the regulations to use this substance. This substance is registered under the REACH Regulation and is produced in and imported into the European Economic Area in quantities ranging from 10,000 to 100,000 tonnes per year. This substance is only used in industrial and manufacturing settings. Furthermore, polymers made with ENB may be acceptable by the US Food and Drug Administration for applications listed in 21 CFR part 177, which includes indirect food additives and polymers used as closures with sealing gaskets for food containers.

What is the Market Size of the Ethylidene Norbornene regarding value?

The global ethylidene norbornene market is anticipated to grow at a substantial CAGR of 11.7% in the upcoming years. The global ethylidene norbornene industry was estimated to be worth USD 4.5 billion in 2021 and was expected to be worth USD 8.74 billion by 2028.

What are the major players planning for the future of the Ethylidene Norbornene Market?

The key players in the ethylidene norbornene market are investing heavily in numerous technologies, chemical compounds, and product launches to gain competitive advantages. For instance, INEOS launched new Bio-Attributed Ethylene Oxide in July 2022, completely replacing fossil feedstock with renewable biomass. The material offers a greater than 100% reduction in greenhouse gas emissions compared to EO produced conventionally. On the other hand, in March 2019, INEOS Oxide announced that it would more than double the size of its planned Ethylene Oxide (EO) and Ethylene Oxide Derivatives (EOD) facility on the United States Gulf Coast. The new plant will have a capacity of 1.2 billion pounds of EO (circa 520kt). The plant is scheduled to open in 2023.

Segmentation of Global Ethylidene Norbornene Market -

Global Ethylidene Norbornene Market – By Grade

  • Industrial
  • Aroma

Global Ethylidene Norbornene Market – By End-Use Industry  

  • Automotive
  • Construction
  • Electrical & Electronics
  • Fragrance
  • Others

Global Ethylidene Norbornene Market – By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global Ethylidene Norbornene Market

The ethylidene norbornene market also suffered from the COVID-19 pandemic, which resulted in a decline of over 6.5% in revenue generated in 2020.

The Asia Pacific accounted for the highest share in the global ethylidene norbornene market in value and volume.

The growing use of ethylidene norbornene in various end-use industries and its unique molecular structure drive mark

Industrial grade had a major share in 2021, with more than 70% of the market revenue share.

The automotive industry had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Ethylidene Norbornene Market Scope

Report Attribute Details
Market Value in 2021 USD 4.5 billion
Market Value in 2028 USD 8.74 billion
CAGR 11.7%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Sep 2022
Category:  Chemicals
Report ID:   60642
Report Format:   PDF
Pages:   180
Rating:    4.8 (14)
Delivery Time: 24 Hours to 48 Hours   
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