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The ENB market has undergone profound dynamics due to many forces that influence its demand and supply. In particular, ENB's market dynamics are closely connected to the automotive sector construction industry, among others, since it is a major component used in producing elastomers. On the other hand, the need for better fuel efficiency with vehicle engines has been one of the primary triggers that characterize the market dynamics. An example is ethylene norbornene, which makes rubbers used in tires, seals, and hoses stronger than before; hence, they last longer. Ethylene Norbornene (ENB) has become an integral part of tire production as it enhances the performance and durability of rubber materials used on tires like tires that enhance performance and durability of rubber materials used on tires like seals, hoses. The global growth in automotive consumption, especially in emerging economies, has driven enormously up the price for ENBs.As a result, manufacturers must maintain a stable supply chain given higher requirements from increased sales volumes within the tire business.
Environmental regulations and sustainable initiatives have been major driving forces impacting ethylidene norbornene's market dynamics. Therefore, increased interest in green technologies and environmentally safe materials has led researchers to look for alternative sources or processes for manufacturing ENBs.Recently, global economic trends, including geopolitical factors, have been another key factor affecting the ethylidene norbornene market dynamics. For instance, fluctuations in prices of raw materials, trade wars, and geopolitical uncertainties can disrupt production costs and ENB supply chains. Similarly, technological advances in polymer chemistry, as well as materials engineering, have resulted in changes in the dynamics of the ethylidene norbornene industry. Current research is about improving the properties of ENB-based elastomers that have a wider range of applications.
The global response to COVID-19 has also impacted the ethylidene norbornene market dynamics. Changes in consumer behavior, disruptions in supply chains, and economic uncertainties influenced the demand for ENB-based products. In conclusion, the complex interplay of factors, including industry-specific demands, environmental considerations, economic trends, technological advancements, and global events, shape the Market Dynamics of Ethylidene Norbornene. The ENB market will likely continue to change as the world itself changes, necessitating an agile and responsive posture by stakeholders towards emerging trends and challenges.
Ethylidene Norbornene Market Highlights:
Ethylidene Norbornene Market Overview
Global Ethylidene Norbornene Market stood at over 70 kilotons in 2018, and the global market is expected to register a CAGR of over 4% during the forecast period. 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.Â
 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 (%) Â 
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 2022Â
Gummi-Welz GmbH & Co. KG, HÃœBNER 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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