According to the latest report of the IMARC group, entitled “Rubber Processing Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on Rubber Processing Chemicals Market Growth. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global rubber processing chemicals market size reached US$ 4.6 billion in 2021. Looking ahead, IMARC Group expects the the market will reach US$6.4 billion by 2027, growing at a growth rate (CAGR) of 5.6% during the period 2022-2027.
Rubber processing chemicals are compounds that help improve the overall performance of tire and other rubber products. These are categorized into different product segments, such as anti-degradants, flame retardants, accelerators, processing aids/promoters, etc. These major segments of rubber processing chemicals meet property requirements, such as resilience, abrasion resistance, flexural strength, hardness, and tensile strength for use applications final. It helps improve the rubber’s resistance to heat, oxidation, sunlight, ozone and mechanical stress.
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Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Global Rubber Processing Chemicals Market Trends:
The global market is mainly driven by growing demand from end-use industries including automotive and construction. In this light, a significant increase in the number of vehicles positively influences the growth of the market. Additionally, the increasing use of rubber in flooring, sound insulation, roofing materials and sealants in the construction industry is driving the demand for the products. Apart from this, the rubber processing chemical industry relies on the massive deployment of styrene-butadiene, nitrile and neoprene synthetic rubbers. This dependence creates many opportunities for sales of rubber processing chemicals. Additionally, the increasing use of these chemicals in the manufacture of conveyor belts, tires, linings and coatings, seals, gaskets, and hoses, is propelling the growth of the market. Additionally, high demand for heat-resistant, water-resistant, and mechanical strength rubber is helping the rubber processing chemicals market.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- BASF SE
- Akzo Nobel SA
- Arkema S.A.
- Behn Meyer Holdings AG
- China Petroleum and Chemical Company
- Eastman Chemical Company
- Emerald Performance Materials LLC
- Emery Oleochemicals Group
- Lanxess AG
- Merchem Limited
- Solvay Group
- Sumitomo Chemical Company
- Vanderbilt Chemicals LLC
Rubber Processing Chemicals Market segmentation :
Our report has categorized the market based on region, type, application, and end-use.
Market Breakdown by Type:
- flame retardants
- Processing aids
Market Breakdown by Application:
Market Breakdown by End Use:
- Tire and related products
- Automotive components
- Medical products
- Footwear products
- Industrial rubber products
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
We update our reports, if you want the latest primary and secondary data (2022-2027) with cost module, business strategy, competitive landscape, etc. Click request a free sample report, the report will be emailed to you in PDF format within 24-48 hours of payment confirmation.
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