Industries > Chemicals > Rubber Processing Chemicals Market Report 2020-2030
Rubber Processing Chemicals Market Report 2020-2030
Rubber Processing Chemicals Market Report 2020-2030: A Global Rubber Processing Chemicals Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global rubber processing chemicals market was valued at $3.8 billion in 2018. The growth of the market is owing to the extensive demand for rubber in the tire industry and across various industries. Rubber processing chemicals are specialty chemicals that aids in improving rubber resistance to oxidation, heat, mechanical stress, ozone and sunlight. Rubber processing chemicals comprises of wide ranges of product types such as activators, anti-degradants, accelerators, vulcanizing agents and stabilizers.
The various types of rubber processing chemicals provide several properties to several end-user industries such as abrasion resistance, hardness, good resilience, tensile strength and flex resistance. Rubber processing chemicals are rapidly being used for the manufacturing process of automotive tires thereby fuelling the growth of global rubber processing chemicals market at rapid pace.
Extensive demand for non-tire rubber products is the key factor driving the growth of global rubber processing chemicals market Non-tire rubber products utilizes chemicals and polymers to enhance their properties. Moreover, these products are designed to reduce hazards such as nitrosamines and dermatitis in various end-user industries and in several products such as respirators, surgical suppliers and baby bottle nipples that are used in closed contact with the body. Non-tire rubber products uses more synthetic polymers that are not as sticky as natural rubber as a result to which more solvents are used to built-up and clean tacky layers.
Increasing regulatory reforms for enhancing the adoption of rubber processing chemicals market is thus pertaining towards the growth of global rubber processing chemicals market. Several regulatory reforms such as National Emission Standards for Hazardous Air Pollutants (NESHAP) and registration, evaluation, authorization, and restriction of chemicals (REACH) of chemicals have executed strict reforms pertaining to disposal of polluted wastewater and use of harmful chemicals thereby hampering the growth of global rubber processing chemicals market.
Rubber processing chemicals market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the rubber processing chemicals manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on product and application segment. On the basis of product, the global rubber processing chemicals market is segmented into accelerators, anti-degradants, processing aid/ promoters, flame retardant, release agents, curing & blowing agents, and others. Amongst these segments, anti-degradants is anticipated to become largest revenue holder by 2030. Anti-degradants are used in manufacturing of rubbers that further helps in the prevention of various problems such as dynamic flex fatigue, storage aging, ozone cracking and heat.
Based on application, the global rubber processing chemicals market is categorised into tire and non-tire. Amongst these two segments, non-tire is anticipated to generate higher CAGR during the forecast period owing to extensive industrialization activities occurring in manufacturing domain and extensive requirement for improved struggle against effects of heat, sunlight, mechanical stress, ozone, and oxygen.
Rubber processing chemicals in Asia-Pacific is anticipated to contribute largest market revenue throughout the estimated period owing to increasing demand observed from automotive and construction domain. Manufacturers in countries such as Japan are developing tires with the use of altered natural rubber and processing oil extracted from orange peels that is extensively being utilised by automotive segment in order to improve the concern of poor traction in cornering and braking.
The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global rubber processing chemicals market are undertaking considerable investment decisions in order gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players in global rubber processing chemicals market.
Some of the players having prominent presence in the global rubber processing chemicals market include Sinopec Corporation, PMC Group, Inc., Solvay SA, BASF SE, Lanxess AG, Arkema SA, Emery Oleochemicals LLC, Eastman Chemical Company, Henan Xuannuo Imp & Exp Co., Ltd, Emerald Performance Materials, Vanderbilt Chemicals, LLC, Chemtura Corporation, AkzoNobel N.V., Kumho Petrochemicals, Paul & Company, Behn Meyer Group, Sinochem Group, Nocil Limited, Merchem Limited, and R.T. Vanderbilt Holding Company, Inc.
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