Norbornene Market Trends, Size, Analysis, Top Players 2021-2031
The Norbornene Market is expected to register a CAGR of 10% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Norbornene Market covers analysis By Grade (Industrial, Aroma); End-Use Industry (Automotive, Construction, Electrical and Electronics, Fragrance, Others) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The colourless liquid intermediate monomer ethylidene norbornene has a turpentine-like odour. Vinyl norbornene is used to make it. In the manufacturing of ethylene-propylene diene monomer (EPDM) rubber, ethylidene norbornene is commonly employed. Ethylidene norbornene is used in the manufacturing of ethylene-propylene diene monomer (EPDM) elastomers, which are used to make synthetic rubber (EPDM rubber).
Purpose of the ReportThe report Norbornene Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Norbornene Market Segmentation
Grade- Industrial
- Aroma
- Automotive
- Construction
- Electrical and Electronics
- Fragrance
Strategic Insights
Norbornene Market Growth Drivers- Norbornene in Advanced Polymer Production: The main use of norbornene in advanced polymer production is to obtain high-quality polymers like poly (Norbornene) and its copolymers. Due to their thermal stability, chemical resistance, and mechanical properties, this market is on a significant rise due to growing demands by the automotive, electronics, and aerospace industries for such high-performance polymers.
- Norbornene in Electronics and Automotive: It is an important raw material in the production of specialized materials for the electronics and automotive industries, including components such as microelectronics, sensors, and polymer-based composites. The growth of these industries and their demand for more durable and efficient materials increase the demand for Norbornene.
- Norbornene in Renewable Energy Technologies: Excellent properties of norbornene make it a popular choice in the manufacturing of materials for renewable energy technologies, such as solar panels and wind turbines. The Norbornene market is growing along with the increasing focus on clean energy solutions and the widespread adoption of renewable energy systems.
- Bio-based Norbornene and Sustainability: This interest in bio-based alternatives of traditional petroleum-derived Norbornene will be part of the trend towards sustainability. Renewable resources like lignocellulosic biomass are supposed to fuel the increase in market share by providing bio-based Norbornene for industries in search of a greener alternative.
- Advances in Norbornene Polymerization Technologies: Advances in polymerization technologies, like ROMP, make production more efficient and economical for polymers of Norbornene. All these factors should contribute to higher availability of Norbornene for high-performance applications in many industries.
- Norbornene Polymers in 3D Printing: The inflow of 3D printing technology into automotive, aerospace, and healthcare markets is increasing demand for highly specialized and robust material. For their excellent strength and heat properties, norbornene polymers have been vastly used in 3D printing.
- Norbornene in Renewable Energy and Electronics: The increased advance in renewable energy technologies and electronic devices will boost the demand for Norbornene-based materials. As industries work to find lighter, stronger materials for these applications, Norbornene presents tremendous growth potential in both renewable energy and electronics.
- Norbornene in Aerospace Applications: It's seeking high-performance, lightweight, and heat-resistant materials for aircraft parts. Norbornene-based polymers meet these requirements; hence, there are vast opportunities in the high-end sector for significant growth because applications for aerospace continue to evolve.
- Norbornene in Specialty Packaging Materials: Its strength, durability, and chemical resistance have led to its usage in developing specialty packaging materials. Increased adoption in packaging applications due to growing e-commerce and the demand for protective packaging solutions is likely to help the Norbornene market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Norbornene Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Norbornene Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Growing demand for bio-based products is an emerging trend in the market.
The industrial grade segment accounted for the largest market share in 2023
The North America market is expected to account for the highest CAGR during the forecast period, owing to the growing automotive industry in the region.
Growing automotive sector is a key driver in the market.
Exxon Mobil, Jilin City Dayu Chemical Industrial, JXTG, Ineos, Mitsui Chemicals, Chevron Phillips Chemical Company, Dow Chemical Company, LG Chem, Sinopec, and China National Petroleum Corporation (CNPC) are some of the key players in the market.
The Norbornene Market is estimated to witness a CAGR of 10% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Norbornene Market - By Grade
1.3.2 Norbornene Market - By End-Use Industry
1.3.3 Norbornene Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NORBORNENE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. NORBORNENE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NORBORNENE MARKET - GLOBAL MARKET ANALYSIS
6.1. NORBORNENE - GLOBAL MARKET OVERVIEW
6.2. NORBORNENE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NORBORNENE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL
7.3.1. Overview
7.3.2. Industrial Market Forecast and Analysis
7.4. AROMA
7.4.1. Overview
7.4.2. Aroma Market Forecast and Analysis
8. NORBORNENE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CONSTRUCTION
8.4.1. Overview
8.4.2. Construction Market Forecast and Analysis
8.5. ELECTRICAL AND ELECTRONICS
8.5.1. Overview
8.5.2. Electrical and Electronics Market Forecast and Analysis
8.6. FRAGRANCE
8.6.1. Overview
8.6.2. Fragrance Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. NORBORNENE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Norbornene Market Overview
9.1.2 North America Norbornene Market Forecasts and Analysis
9.1.3 North America Norbornene Market Forecasts and Analysis - By Grade
9.1.4 North America Norbornene Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Norbornene Market Forecasts and Analysis - By Countries
9.1.5.1 United States Norbornene Market
9.1.5.1.1 United States Norbornene Market by Grade
9.1.5.1.2 United States Norbornene Market by End-Use Industry
9.1.5.2 Canada Norbornene Market
9.1.5.2.1 Canada Norbornene Market by Grade
9.1.5.2.2 Canada Norbornene Market by End-Use Industry
9.1.5.3 Mexico Norbornene Market
9.1.5.3.1 Mexico Norbornene Market by Grade
9.1.5.3.2 Mexico Norbornene Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Norbornene Market Overview
9.2.2 Europe Norbornene Market Forecasts and Analysis
9.2.3 Europe Norbornene Market Forecasts and Analysis - By Grade
9.2.4 Europe Norbornene Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Norbornene Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Norbornene Market
9.2.5.1.1 Germany Norbornene Market by Grade
9.2.5.1.2 Germany Norbornene Market by End-Use Industry
9.2.5.2 France Norbornene Market
9.2.5.2.1 France Norbornene Market by Grade
9.2.5.2.2 France Norbornene Market by End-Use Industry
9.2.5.3 Italy Norbornene Market
9.2.5.3.1 Italy Norbornene Market by Grade
9.2.5.3.2 Italy Norbornene Market by End-Use Industry
9.2.5.4 United Kingdom Norbornene Market
9.2.5.4.1 United Kingdom Norbornene Market by Grade
9.2.5.4.2 United Kingdom Norbornene Market by End-Use Industry
9.2.5.5 Russia Norbornene Market
9.2.5.5.1 Russia Norbornene Market by Grade
9.2.5.5.2 Russia Norbornene Market by End-Use Industry
9.2.5.6 Rest of Europe Norbornene Market
9.2.5.6.1 Rest of Europe Norbornene Market by Grade
9.2.5.6.2 Rest of Europe Norbornene Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Norbornene Market Overview
9.3.2 Asia-Pacific Norbornene Market Forecasts and Analysis
9.3.3 Asia-Pacific Norbornene Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Norbornene Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Norbornene Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Norbornene Market
9.3.5.1.1 Australia Norbornene Market by Grade
9.3.5.1.2 Australia Norbornene Market by End-Use Industry
9.3.5.2 China Norbornene Market
9.3.5.2.1 China Norbornene Market by Grade
9.3.5.2.2 China Norbornene Market by End-Use Industry
9.3.5.3 India Norbornene Market
9.3.5.3.1 India Norbornene Market by Grade
9.3.5.3.2 India Norbornene Market by End-Use Industry
9.3.5.4 Japan Norbornene Market
9.3.5.4.1 Japan Norbornene Market by Grade
9.3.5.4.2 Japan Norbornene Market by End-Use Industry
9.3.5.5 South Korea Norbornene Market
9.3.5.5.1 South Korea Norbornene Market by Grade
9.3.5.5.2 South Korea Norbornene Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Norbornene Market
9.3.5.6.1 Rest of Asia-Pacific Norbornene Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Norbornene Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Norbornene Market Overview
9.4.2 Middle East and Africa Norbornene Market Forecasts and Analysis
9.4.3 Middle East and Africa Norbornene Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Norbornene Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Norbornene Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Norbornene Market
9.4.5.1.1 South Africa Norbornene Market by Grade
9.4.5.1.2 South Africa Norbornene Market by End-Use Industry
9.4.5.2 Saudi Arabia Norbornene Market
9.4.5.2.1 Saudi Arabia Norbornene Market by Grade
9.4.5.2.2 Saudi Arabia Norbornene Market by End-Use Industry
9.4.5.3 U.A.E Norbornene Market
9.4.5.3.1 U.A.E Norbornene Market by Grade
9.4.5.3.2 U.A.E Norbornene Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Norbornene Market
9.4.5.4.1 Rest of Middle East and Africa Norbornene Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Norbornene Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Norbornene Market Overview
9.5.2 South and Central America Norbornene Market Forecasts and Analysis
9.5.3 South and Central America Norbornene Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Norbornene Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Norbornene Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Norbornene Market
9.5.5.1.1 Brazil Norbornene Market by Grade
9.5.5.1.2 Brazil Norbornene Market by End-Use Industry
9.5.5.2 Argentina Norbornene Market
9.5.5.2.1 Argentina Norbornene Market by Grade
9.5.5.2.2 Argentina Norbornene Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NORBORNENE MARKET, KEY COMPANY PROFILES
11.1. INEOS OXIDE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DOW CHEMICAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EXXON MOBIL CORPORATION AND UNIROYAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NINGBO TITAN UNICHEM CO., LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CHEMOS GMBH AND CO. KG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CRESCENT CHEMICAL COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BEYOND INDUSTRIES LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIMAGCHEM CORP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HANGZHOU DAYANGCHEM CO. LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.INEOS Oxide
2.Dow Chemical
3.Exxon Mobil Corporation and Uniroyal
4.Ningbo Titan Unichem Co., Ltd
5.CHEMOS GmbH and Co. KG
6.Crescent Chemical Company
7.Beyond Industries Limited
8.Simagchem Corp
9.Hangzhou Dayangchem Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For