About Ethylidene Norbornene
Ethylidene norbornene is a chemical compound, also called as 2-norbornene, 5-ethylidene-5-ethylidene-2-norbornene having molecular weight 120.195 g/mol. It is colorless liquid with turpentine odor. The growing use of rubber in the automotive sector has been increasing the demand for ethylidene norbornene. Also, the rising production of products such as roof sheeting gaskets, seals, and others are growing the market. In addition to this, the growing use of ethylidene norbornene as a scent carrier is boosting the overall growth of the market. However, regulation due to fire hazardous as ethylidene norbornene is highly flammable and availability of alternative with the lower cost such as epoxy resins are the factors that have been limiting the overall growth of the market. Moreover, increasing use of ethylidene norbornene in the electronic and electric sector due to an excellent heat and insulation resistance properties and increasing demand for synthetic rubber in various end-use industries due to rapid urbanization in developing countries such as China, India, Brazil and others are the factors that may create a new opportunity for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.3% |
Ethylidene Norbornene market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality and enhance and promote performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are JXTG Nippon Oil & Energy Corporation, INEOS Oxide, DuPont, Exxon Mobil Corporation. Analyst at AMA Research estimates that Asian and European Vendors will contribute the maximum growth to Global Ethylidene Norbornene market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
JXTG Nippon Oil & Energy Corporation (Japan), INEOS Oxide (Switzerland), DuPont (United States), Exxon Mobil Corporation (United States), Ningbo Titan Unichem Co., Ltd (China), CHEMOS GmbH & Co. KG (Germany), Crescent Chemical Company (US), Beyond Industries Limited (China) and abcr GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Simagchem Corp (China) and Hangzhou Dayangchem Co. Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Ethylidene Norbornene market by and Region.
On the basis of geography, the market of Ethylidene Norbornene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Electrical & Electronics will boost the Ethylidene Norbornene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial Grade will boost the Ethylidene Norbornene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Retention Index, the sub-segment i.e. Standard Non-Polar will boost the Ethylidene Norbornene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Ethylidene Norbornene as a Scent Carrier
Market Growth Drivers:
Increasing Demand from Rapidly Growing Automotive Sector and Rising Demand for Ethylidene Norbornene in the Production of Products such as Roof Sheeting Gaskets, Seals, and Others
Challenges:
Availability of Alternative with Lower Cost such as Epoxy Resins
Restraints:
Hazardous Associated with Ethylidene Norbornene such as Headache, Confusion, and Respiratory Distress and Fire Hazardous as Ethylidene Norbornene is Highly Flammable
Opportunities:
Hazardous Associated with Ethylidene Norbornene such as Headache, Confusion, and Respiratory Distress and Fire Hazardous as Ethylidene Norbornene is Highly Flammable
Market Leaders and their expansionary development strategies
In October 2023, Huntsman Corporation, a leading global manufacturer of specialty chemicals, acquired The Chemical Company, a prominent player in the ENB market. This move strengthens Huntsman's position in the ENB supply chain and expands its reach into new applications.
In November 2023, Chevron Phillips Chemical Company launched a new catalyst for ENB production that offers improved efficiency and lower operating costs. This development is expected to benefit both ENB producers and users.
Key Target Audience
Ethylidene Norbornene Producers, Traders, Distributors and supplier, Potential investors, Raw material suppliers, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.