Bernice J. Hicks New York, May 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Rubber Processing Chemicals Market Research Report” – https://www.reportlinker.com/p06276448/?utm_source=GNW
Rubber and processing chemicals, in general, are considered a group of specialty chemicals. These chemicals can help improve the rubber’s resistance to heat, oxidation, sunlight, ozone and mechanical stress. Additionally, rubber curing chemicals also dramatically improve the overall vulcanization process.
Market Highlights
The global rubber processing chemicals market is expected to project a notable CAGR of 4.9% in 2030.
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.
Global Rubber Processing Chemicals: Segments
Tire Segment Expected to Grow with Highest CAGR in 2021-30
The global rubber processing chemicals market is split by application into tire and non-tire. Among these, the tire segment held the largest market share of 71.366.3% in 2020. The increase in automobile production and sales in various vehicle segments, along with increased rivalry between tire producers , are driving the global automotive tire market. Additionally, the automotive tire market is expected to rise owing to the use of improved technologies in the production process. In the coming years, the automotive sector will continue to be the main source of tire demand, accounting for two-thirds of the total.
Accelerator Segment Expected to Grow with Highest CAGR in 2021-30
On the basis of type, the global rubber processing chemicals market is fragmented into anti-degradants, accelerators, processing aids, adhesion promoters, blowing agents, anti-scalding agents, stabilizers, polymerization regulators and others. Among these, accelerator segment held the largest market share of 37,215.7% in 2020. According to Fatpos global analysis, accelerator fire and smoke restoration is the most dominant segment and is expected to therefore increasing at a CAGR of 5.2%. 6.0% over the forecast period.
Market dynamics
Drivers
Increase automotive industry and automotive production
Increased vehicle sales, due to rising per capita income worldwide. For example, according to the International Organization of Motor Vehicle Manufacturers, in 2014, 88.3 million new vehicles were sold, while in 2019 that number reached 91.3 million. The growing demand for transportation is driving the sales of light, medium and heavy vehicles globally, which in turn is driving the growth of the lubricants market.
Growing development of the construction market
grow 85% to $15.5 trillion by 2030, with three countries – China, the United States and India – leading the way and accounting for 57% of total growth. As the development of the world’s largest construction industry slows to 2030, China’s share of the global construction market will only increase modestly. In comparison, construction in the United States will grow at a faster rate than in China over the next 15 years, averaging 5% per year. Meanwhile, construction rates in India are expected to increase as the country overtakes Japan to become the world’s third largest construction market by 2021. By 2030, India’s construction market will grow almost twice faster than that of China, creating a new source of global growth in emerging countries. . By 2030, India’s urban population is expected to increase by 165 million, making Delhi the second largest metropolis in the world with a population of 10.4 million.
Detention
Environmental restriction
Rubber tire manufacturing plants have been named by the EPA as the top sources of hazardous air pollution (HAP) emissions. Section 112(d) of the Clean Air Act (CAA) will be implemented by requiring all such significant sources to meet PAH emission criteria that reflect the use of best available control technology (MACT). Hexane, toluene, formaldehyde, styrene, and methanol are among the PAHs that have been linked to a variety of negative health consequences, including chronic diseases (eg, polyneuropathy, degenerative nasal lesions) and acute disorders health (e.g. respiratory irritation, nausea). , blurred vision and headaches).
Rubber Processing Chemicals Worldwide: Key Players
BASF
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Laxity
Solvay
Arkema
Eastman Chemical Company
Emery oleochemicals
Henan Xuannuo Imp&Exp Co.,Ltd
Vanderbilt Chemicals
Other top players
Rubber Processing Chemicals Worldwide: Regions
The global rubber processing chemicals market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific dominates the rubber processing chemicals market. The Asia-Pacific market is a relatively mature market and is expected to witness steady demand for rubber processing chemicals over the forecast period. The growth of the region is mainly due to the growth of the economy and the rise in disposable income, coupled with the increase in consumer spending. According to our estimates, the Asia-Pacific rubber processing chemicals market is valued at US$1.87 billion in 2015 and US$1.83 billion in 2020.
Global Rubber Processing Chemicals is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Rubber Processing Chemicals report also contains analysis on:
Rubber Processing Chemicals Segments:
By request
Tire
Non-Tire
By type
Anti-degradants
Accelerators
Processing aids
Adhesion promoters
Bulking agents
Anti-burn agents
Stabilizers
Polymerization regulators
Other
Dynamics of Rubber Processing Chemicals
Size of Rubber Processing Chemicals
Offer and demand
Current trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06276448/?utm_source=GNW
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