Luton, Bedfordshire, UK, Sep 06, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited, has completed and published the final version of the report of detailed research on the Rubber Processing Chemicals Market.
Global Rubber Processing Chemicals Market was valued at USD 4 Billion in 2021 and is projected to reach USD 6.20 Billion by 2029, registering a CAGR of 5% during the forecast period 2022-2029.
Rubber processing chemicals are classified as general specialty chemicals. These chemicals can help improve the rubber’s resistance to heat, oxidation, sunlight, ozone and mechanical stress. Additionally, rubber curing chemicals improve the overall vulcanization process.
Request Sample Rubber Processing Chemicals Market [email protected]
The global rubber processing chemicals market is expected to witness lucrative growth opportunities in the near future. This growth is attributed to growing awareness of the health effects of mold. Additionally, the growing incidence of natural disasters has helped the growth of the global market. Mergers and acquisitions, technological advancements, and constant research and development activities are some of the few strategies chosen by major market players.
- Eastman Chemical Company announced in June 2021 that it intended to sell its rubber additives business, including CrystexTM insoluble sulfur and SantoflexTM anti-degradants, to a subsidiary of One Rock Capital Partners LLC for US$800 million to rationalize its Additives and functional products activity .
- BASF invested 16 million euros in Pyrum Innovations Inc., which specializes in the pyrolysis of waste tires, in October 2020. The oil from the waste tires will be extracted and used to manufacture new products by the company.
A combination of analytical skills and strategic adoption of emerging markets has led us to understand how to support companies of different sizes. Future insights related to technology from our experts help achieve impactful growth by navigating the disruptions in the Rubber Processing Chemicals market.
Europe dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2022-2029.
Its main share is occupied by North America, Europe and the Asia-Pacific region. Europe shares 32% of the total market. After that, the rest of the world accounts for 68% of the global market respectively. Asia-Pacific is one of the largest markets for rubber processing chemicals across the world due to increased demand from automotive and construction industries.
|Market size||$6.20 billion by 2029
$4 billion in 2020
|Historical data||2017 & 2021|
|Forecast units||Value (USD million)|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Segments Covered||Type, application and region|
|Geographical areas covered||Revenue forecasts, competitive landscape, growth factors and trends|
|Main suppliers||Arkema SA, BASF SE, Crofa International Plc., Eastman Chemical Company, Kumho Petrochemical Co. Ltd., Lanxess AG, NOCIL ltd., Solvay SA, Sumitomo Chemical, The Chemours Co. and others.|
|Key market opportunities||Rubber processing chemicals improve rubber properties to provide good resilience, hardness, abrasion resistance and tensile strength.|
|Key Market Drivers||Growth in the construction industry with the increase in residential and commercial construction is expected to drive the growth of the market over the forecast period.|
From chemical companies to smaller ones, many companies are actively working in the global rubber processing chemicals market. These key players include, are Arkema SA, BASF SE, Crofa International Plc., Eastman Chemical Company, Kumho Petrochemical Co. Ltd., Lanxess AG, NOCIL ltd., Solvay SA, Sumitomo Chemical, The Chemours Co. and others.
To view the report’s detailed analysis @
Key Market Segments: Global Rubber Processing Chemicals Market
Global Rubber Processing Chemicals Industry by Product, 2020-2029, (USD Million)
- Treatment of aid and other RPCs
Global Rubber Processing Chemicals Industry by Application, 2020-2029, (USD Million)
- latex products
- Belts and hoses
Global Rubber Processing Chemicals Industry by End User, 2020-2029, (USD Million)
Global Rubber Processing Chemicals Industry by Region, 2022-2029, (USD Million)
- North America
- Asia Pacific
- South America
- Middle East and Africa
Rubber Processing Chemicals Market: Overview
Growing tire market demand and application in various industries is driving the global rubber processing chemicals market. Due to its inherent properties such as elasticity and moldability, rubber has become the key material used in tire manufacturing. Rubber gives tires strength and improves their ability to resist wear and maintain grip even in difficult conditions. With the strong demand for vehicles across the globe, the rubber processing chemicals market is expected to show robust growth in the future.
The tire segment will remain dominant throughout the forecast period
Rubber processing chemicals have a myriad of applications, which are broadly categorized into pneumatic and non-pneumatic applications. The use of rubber treatment chemicals makes the tires durable and gives them the strength to withstand a harsh environment. For these reasons, demand from the tire industry is the main contributor to the market. According to TMR, the tire segment held more than 70% of the overall rubber processing chemicals market in 2015. Exhibiting a robust CAGR, the segment will remain dominant throughout the forecast period. Moreover, with the expansion of the automotive industry, the demand from the tire segment is expected to increase.
Growing demand from the automotive industry
Rubber processing chemicals are widely used in the automotive industry in tires, blades, wipers, hoses and belts. The consumption of rubber processing chemicals in the automotive sector is increasing due to benefits such as molding and elasticity that help tires maintain grip on the roads even under adverse conditions.
Rubber processing chemicals are hazardous to human health as well as the environment due to which strict regulations are imposed by the government regarding the use of rubber processing chemicals. Most of these chemicals are released into water bodies, which are harmful to aquatic life. All these factors are expected to restrain the rubber processing chemicals market size in the coming years.
Get the trendiest research report from Accuracy Consultancy here:
Nitrile Butadiene Rubber (NBR) Market
The global nitrile butadiene rubber (NBR) market size is USD 2.10 billion in 2020 and is projected to reach USD 3.48 billion by 2029, at a compound annual growth rate (CAGR) of 5.90%.
Industrial rubber market
The global industrial rubber market is expected to grow at a CAGR of 4.6% from 2020 to 2029. It is expected to reach over USD 46.33 billion by 2029, from USD 30.91 billion in 2020.
Vulcanized Rubber Gaskets Market
The global Vulcanized Rubber Gaskets market size is estimated at USD 52.61 Billion in 2020 and is projected to reach USD 76.84 Billion by 2029, registering a CAGR of 4.3%.