Global 5-Ethylidene-2-Norbornene Market Size To Exceed USD 345.21 Million by 2033 | CAGR of 10.08%
Category: Chemicals & MaterialsGlobal 5-Ethylidene-2-Norbornene Market Size To Exceed USD 345.21 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global 5-Ethylidene-2-Norbornene Market Size Expected to Grow from USD 132.12 Million in 2023 to USD 345.21 Million by 2033, at a CAGR of 10.08% during the forecast period 2023-2033.
Browse key industry insights spread across 243 pages with 123 Market data tables and figures & charts from the report on the "Global 5-Ethylidene-2-Norbornene Market Size, Share, and COVID-19 Impact Analysis, By Industry (Automotive Applications and Tire Manufacturing), By Adhesives and Sealants (Specialty Adhesives and Sealant Products), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/5-ethylidene-2-norbornene-market
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The global market for 5-ethylidene-2-norbornene is the industry that manufactures, markets, and distributes this chemical compound, which is primarily used in the production of ethylene-propylene-diene monomer (EPDM) rubbers. The colourless organic liquid 5-Ethylidene-2-norbornene, also known as ethylidene norbornene (ENB), is used in the chemical industry. The chemical compound ethylidene norbornene (ENB) is composed of norbornene linked to an ethylidene (CH3C(H)=) group. In other words, a colorless liquid. There are two unsaturation sites in the molecule. Although the mixes are typically not separated, the chemical is composed of (E)- and (Z)-stereoisomers. Additionally, the market for 5-Ethylidene-2-norbornene polymers may be driven by the increasing demand for these compounds in products like vehicle tires, adhesives, and sealants. This is the primary driver of this growth trajectory. The manufacturing of high-efficiency and performance rubber goods used in a variety of industries, including the automotive, construction, and aerospace sectors, depends on the essential and distinctive properties of 5-ethylidene-2-norbornene polymers. The market for 5-ethylenedene-2-norbornene polymers is evolving due to consumer tastes and regulatory compliance, with a focus on developing eco-friendly products and sustainable materials. However, stricter environmental regulations and policies may limit the production and use of some chemicals, including 5-ethylidene-2-norbornene. 5-The cost of producing 5-Ethylidene-2-Norbornene may affect its market price and demand.
The tire manufacturing segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the industry, the global 5-ethylidene-2-norbornene market is categorized automotive applications and tire manufacturing. Among these, the tire manufacturing segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. 5-Ethylidene-2-Norbornene is key to the production of ethylene-propylene-diene monomer (EPDM) rubber, which is used extensively in the tire industry and is ideal for tires due to its remarkable resilience to heat, oxidation, and weathering.
The specialty adhesives segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the global 5-ethylidene-2-norbornene market is categorized as specialty adhesives and sealant products. Among these, the specialty adhesives segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is due to its remarkable bonding and sealing properties, 5-Ethylidene-2-Norbornene is ideal for specialty adhesives used in a range of industrial applications.
Asia Pacific is projected to hold the largest share of the global 5-ethylidene-2-norbornene market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global 5-ethylidene-2-norbornene market over the forecast period. This region's market is driven by extensive agricultural, high pest infestation rates, and rapid economic growth in countries like China and India. The utilization of modern farming techniques and growing understanding of pest control are two elements that are causing this region to grow. In Asia-Pacific, 5-ethylidene-2-norbornene demand is fueled by the need to protect agricultural output from insect damage and ensure high crop yields, both of which can significantly affect food security.
North America is expected to grow at the fastest CAGR growth of the global 5-ethylidene-2-norbornene market during the forecast period. North America has an enormous market share due to advanced farming techniques and the growing demand for effective pest management solutions in both agriculture and public health. Because of its advanced agricultural practices and robust research and development initiatives, the United States is leading the way. The focus on integrated pest management and sustainable agriculture is driving the market's faster growth.
Major vendors in the global coloured FMC Corporation, Jiangsu Lanfeng Bio-chemical, Jiangsu Yangnong Chemical, AgChemAccess, Bharat Group, Heranba Industries Limited, Belchim, among others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global 5-ethylidene-2-norbornene market based on the below-mentioned segments:
Global 5-Ethylidene-2-Norbornene Market, By Industry
- Automotive Applications
- Tire Manufacturing
Global 5-Ethylidene-2-Norbornene Market, By Adhesives and Sealants
- Specialty Adhesives
- Sealant Products
Global 5-ethylidene-2-norbornene Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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