For the Quarter Ending June 2025
North America
• HNBR prices declined by -3.8% Q-o-Q in Q2 2025, influenced by weaker demand from the oil & gas and industrial machinery sectors.
• Ample inventory levels and lower-than-expected offtake reduced supplier pricing power.
• Production costs remained favorable for HNBR manufacturers due to declining Butadiene prices, enabling suppliers to sustain competitive offers amid subdued demand.
• End-users operated on hand-to-mouth buying strategies amid macro uncertainty.
Why did the price of HNBR change in July 2025 in North America?
• Downstream sectors gradually resume restocking, encouraged by a modest recovery in rig count activity.
• Improving demand from the regional Automobile sector supports a positive shift in procurement sentiment.
• Domestic producers raise offers moderately to reflect tighter inventories and maintain healthy margins.
Europe
• HNBR prices remained under pressure throughout Q2 2025, primarily due to subdued demand from core consuming sectors and persistently high inventory levels across the region.
• Industrial activity related to sealing applications and powertrain components continued to be sluggish, particularly in the automotive and mechanical equipment sectors.
• Many buyers postponed placing new orders, anticipating further price corrections amid signs of weakening cost support and a lackluster economic outlook.
• Suppliers shifted their focus toward aggressive volume clearance strategies, aiming to reduce warehouse burden and manage cash flows amid weak performance from downstream industries.
Why did the price of HNBR change in July 2025 in Europe?
• HNBR prices are rising in response to improving downstream demand and easing competitive import pressures.
• The production of aerospace components, particularly in Germany and Italy, showed signs of acceleration in effect with strong demand from the Aircraft manufacturers.
• Downstream converters are actively returning to the market after depleting earlier stockpiles, leading to a pickup in fresh procurement across Western and Central Europe.
• Fewer low-cost shipments from East Asia and firming CIF rates are reducing competitive pressure, allowing local distributors to restore margins and raise offers.
Asia Pacific
• In the Asian market particularly Japan the price of the HNBR marked an increment of 1% in Q2.
• Demand from Japanese and South Korean automotive component manufacturers saw modest recovery.
• Export interest from Southeast Asia and the Middle East picked up in May and June.
• Rising feedstock values (Butadiene and Nitrile intermediates) nudged up production costs.
• Regional suppliers responded by raising offers, especially toward premium-grade buyers.
• Procurement activity in China and India showed a mild uptick despite broader macro softness.
Why did the price change in July 2025?
• A further price increase is getting witnessed as downstream OEMs continue to place healthy order volumes in July.
• Asian suppliers are likely to implement additional price adjustments, citing sustained increases in input costs.
• Stronger buying interest from Europe led to tighter spot availability, contributing to upward momentum.
• Supportive demand from the asian aerospace and defense sector market is stimulating the HNBR pricing and demand towards upside.
For the Quarter Ending March 2025
North America
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Index in North America declined by 0.94% quarter-on-quarter in Q1 2025.
• January witnessed stable prices supported by a 1.2% increase in Butadiene costs and improved production capacities. Hydrogenated Nitrile Butadiene Rubber (HNBR) Spot Price remained firm due to steady demand from the aerospace sector.
• In February, HNBR prices saw a brief increase driven by a surge in feedstock costs: Butadiene rose 10.07% and Acrylonitrile by 8.7%.
• By March, easing raw material costs, especially a 0.9% decline in Butadiene prices, led to a reduction in the Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Index.
Why did the price of HNBR change in April 2025 in the US?
• The price decline in April 2025 by 4.25% was attributed to reduced cost pressure from feedstocks and strong inventory levels that allowed sellers to offer more competitive pricing.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Production Cost Trend eased due to improved logistics and stable supply chains.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Demand Outlook remained steady, particularly supported by rising automotive sales and stable aircraft deliveries.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Forecast indicates a cautiously stable market ahead, with moderate growth potential depending on feedstock volatility and trade developments.
Asia-Pacific (APAC)
• The APAC Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Index dropped marginally by 1.01% during Q1 2025.
• January prices increased due to a 7.7% spike in Butadiene prices and consistent demand from automotive and aerospace segments in Japan.
• March witnessed a reversal in trend, with price declines driven by falling Butadiene and Acrylonitrile costs, leading manufacturers to implement price reductions.
Why did the price of HNBR change in April 2025 in Asia?
• The April 2025 price dropped by 5.8% was triggered by weaker export activity, especially to China, and reduced upstream input costs.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Spot Price declined despite a steady domestic market and currency strengthening, which improved export competitiveness.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Demand Outlook remained resilient in the auto sector but softened across broader industrial markets.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Production Cost Trend moderated by quarter-end, thanks to improved raw material availability.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Forecast suggests continued cautious pricing with slight volatility due to fluctuating regional demand and trade policy adjustments.
Europe
• The European Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Index recorded a minor quarter-on-quarter decrease in Q1 2025.
• Prices were stable early in the quarter due to consistent supply and demand from automotive and aerospace industries.
• Sluggish activity in the construction sector and reduced new car registrations put downward pressure on demand.
Why did the price of HNBR change in April 2025 in Europe?
• April 2025 prices declined due to weaker downstream consumption, port congestion in Hamburg and Rotterdam, and reduced export competitiveness from a strong Euro.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Spot Price in Europe softened despite no major disruptions in production.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Production Cost Trend remained steady, but rising inflation and macroeconomic concerns created uncertainty.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Demand Outlook was muted, with aerospace offering limited support amid broader industrial stagnation.
• The Hydrogenated Nitrile Butadiene Rubber (HNBR) Price Forecast anticipates a slow recovery contingent on improvement in automotive performance and easing inflationary pressures.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, the U.S. Hydrogenated Nitrile Butadiene Rubber (HNBR) market experienced a slight 0.92% decrease from the previous quarter, reflecting the overall dynamics of moderate supply and demand fluctuations. Feedstock prices, such as Butadiene and Acrylonitrile, contributed to price stability, although both witnessed decreases, supporting the more subdued market conditions.
Manufacturing and supply remained stable, with suppliers managing adequate production levels to meet steady demand, despite disruptions caused by hurricanes and port congestion. Suppliers effectively adjusted to these challenges through inventory management and operational efficiency, maintaining a consistent flow of HNBR.
Demand in the automotive sector showed resilience, with steady vehicle sales reported throughout the quarter, marking notable increases in monthly figures. Conversely, the aerospace sector faced challenges, with Boeing’s reduced aircraft deliveries and production setbacks impacting overall HNBR consumption. Despite the setbacks, Boeing’s order for 200 787 MAX 10s brought cautious optimism for future recovery in the sector. The U.S. manufacturing sector continued its decline, as weaker order books and rising inventories indicated a potential slowdown, although business confidence improved in December. Despite these challenges, the stable automotive sector and effective supply chain management helped the HNBR market remain steady, mitigating the overall price decrease.
APAC
In the fourth quarter of 2024, the Hydrogenated Nitrile Butadiene Rubber (HNBR) market in Japan experienced a 0.29% decrease from the previous quarter, largely driven by a combination of supply and demand factors. Despite steady feedstock availability, including Butadiene and Acrylonitrile, the automotive sector's underperformance and weak domestic demand contributed to the overall market slowdown. Manufacturers reported a decline in production volumes, influenced by reduced demand and extended delivery times. Additionally, sector-specific dynamics such as moderate activity in the aerospace sector provided some support, yet the overall market sentiment remained subdued. The trade data revealed mixed export trends, with shipments to China fluctuating, while exports to the U.S. showed significant variance, underscoring regional demand shifts. The manufacturing sector showed signs of stabilization in December, with some improvement in employment and a reduction in order backlogs. However, caution remained prevalent as manufacturers adjusted to the moderate supply conditions, bolstering their inventory levels while avoiding aggressive purchasing strategies. The combination of weak demand from key industries and cautious buyer sentiment shaped the overall market performance, reflecting a modest decline in market dynamics compared to the previous quarter.
Europe
In the fourth quarter of 2024, the European Hydrogenated Nitrile Butadiene Rubber (HNBR) market faced a challenging period, driven by mixed demand and supply conditions. While the automotive sector experienced a downturn, with new car registrations in December falling by 7.1% year-on-year, the aerospace sector performed well, with Airbus achieving strong delivery and order figures. This helped partially offset the sluggish demand from the automotive industry and supported continued consumption of HNBR in aerospace applications. The market also faced logistical difficulties, particularly with persistent port congestion at major European hubs, which strained supply chains. However, manufacturers worked to improve operational efficiencies and reduce lead times to mitigate these challenges, maintaining adequate inventory levels. Despite these hurdles, steady overseas demand, particularly from the aerospace sector, helped maintain a balanced market. However, the reduced activity in the automotive sector and ongoing supply chain pressures created a more challenging environment for suppliers, who had to adjust their strategies accordingly. Overall, the European HNBR market navigated a difficult quarter, but with a resilient aerospace sector and steady demand, it remained relatively balanced, though still facing significant challenges.
For the Quarter Ending September 2024
North America
In Q3 2024, the Hydrogenated Nitrile Butadiene Rubber (HNBR) market in North America maintained stable prices, with the USA being the focal point for significant price movements. This stability can be attributed to moderate demand from key sectors, particularly automotive.
However, the aerospace sector faced challenges due to Boeing's underperformance, which negatively impacted overall HNBR consumption during the period. Despite a slight rise in input costs, the pricing environment remained steady, driven by consistent supplier actions and subdued demand. Notably, there were no reported plant shutdowns, ensuring a stable supply chain throughout the quarter.
Compared to the previous quarter, HNBR prices remained unchanged, while there was a notable 19.89% increase from the same quarter last year. In the feedstock market, Butadiene prices surged by 119% year-over-year, significantly influencing HNBR pricing during this period. The stable pricing trend was bolstered by adequate inventory levels, steady downstream demand, and minimal fluctuations in raw material costs. By the end of the quarter, HNBR prices in the USA stood at USD 35,260/MT.
APAC
In Q3 2024, the Hydrogenated Nitrile Butadiene Rubber (HNBR) market in the APAC region maintained stable prices. This stability was driven by consistent pricing from major exporters, effective supply chain management, and a balanced supply-demand dynamic, which prevented significant price fluctuations. Japan notably saw minimal price changes, with a recorded 1% increase from the previous quarter. However, year-on-year comparisons showed a slight decline of 1.30% in prices from the same quarter last year. Despite global economic uncertainties, the HNBR market in Japan displayed resilience, reflecting a stable pricing environment. By the quarter's end, HNBR prices ranged from 36% to 45% FOB Osaka, standing at USD 22,600/MT, emphasizing the prevailing consistent sentiment in the market. Additionally, the absence of reported disruptions or plant shutdowns during the quarter further supported the stable pricing conditions. The combination of steady demand and efficient supply chains contributed to the overall price stability of HNBR in the APAC region, reinforcing confidence among suppliers and consumers alike.
Europe
The price trend for Hydrogenated Nitrile Butadiene Rubber (HNBR) in Europe is currently challenging, influenced significantly by feedstock fluctuations and market dynamics. Suppliers are facing increased costs due to a 9.69% rise in butadiene prices in Q3, which has pressured HNBR pricing. Meanwhile, acrylonitrile prices saw a 10.36% decrease during the same period, creating an uneven cost landscape for manufacturers. Additionally, suppliers are contending with lower automobile sales compared to the previous quarter, as diminished economic performance has curtailed overall consumer spending across various sectors, including fashion, retail, and furniture. This decline in demand has further strained HNBR pricing as suppliers adjust their strategies to cope with shifting market conditions. In response to these challenges, suppliers may consider optimizing production processes or reevaluating pricing strategies to maintain competitiveness while navigating the pressures from fluctuating feedstock costs and reduced demand in downstream markets. Overall, the combination of rising butadiene costs and weakening demand is contributing to the current pricing challenges in the HNBR market.
Frequently Asked Questions (FAQs):
• 1. What is the current price of Hydrogenated Nitrile Butadiene Rubber (HNBR)?
The price of HNBR varied across regions in June 2025, with slight upward movement in Asia Pacific to 33130 USD/MT FOB-Osaka.
• 2. Who are the top Hydrogenated Nitrile Butadiene Rubber (HNBR) producers in the United States?
The leading HNBR producers in the United States include Zeon Chemicals L.P., LANXESS Corporation, and ExxonMobil.
• 3. What are the primary applications of Hydrogenated Nitrile Butadiene Rubber (HNBR)?
HNBR is mainly used in automotive components, oil and gas sealing systems, industrial equipment, and select consumer products.
• 4. How is Hydrogenated Nitrile Butadiene Rubber (HNBR) different from Nitrile Butadiene Rubber (HNBR)?
HNBR offers improved heat, oil, and chemical resistance compared to standard NBR, making it suitable for more demanding environments.
