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Rubber Processing Chemicals Market Size 2022 Industry Growth Statistics, Upcoming Trends, Future Demand, Latest Innovation and Share Estimation till 2030

The rubber processing chemicals market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the rubber processing chemicals market growth. Additionally, the database analyzes and estimates the rubber processing chemicals market both globally and regionally.

The rubber processing chemicals market size is expected to reach USD 7.97 billion by 2028 according to a new study by Report Ocean.

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The report “Rubber Processing Chemicals Market – By Product (Accelerators, Anti-Scorch Agents, Blowing Agents, Anti-degradants, Flame Retardants, Processing Aid, Polymerization Regulation); By Application; By End-Use; By Regions; Global opportunity analysis and industry forecast 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for rubber processing chemicals is expected to increase during the forecast period owing to wide applications in industries such as building and construction, automotive, manufacturing, and other sectors. Increasing demand for modernized and high-performing vehicles along with stringent vehicular safety regulations, increasing investment in non-tire rubber applications, especially in emerging economies of Asia Pacific, supplement demand.

The different products include accelerators, anti-scorch agents, blowing agents, anti-degradants, flame retardants, processing aid, polymerization regulation, and others. The demand for anti-degradants is expected to be high during the forecast period. The use of anti-degradants protects rubber products from external influences and the aging process. Long-term exposure to environmental factors such as heat, oxygen, and UV light among others result in damaged rubber products, supporting the market growth of the rubber processing chemicals.

The tire segment dominated the global market for rubber processing chemicals in 2020. Rubber processing chemicals are used in tire manufacturing for greater strength, enhanced temperature resistance, and increased durability. These chemicals offer reinforcement to tires, preventing erosion and making them stronger.

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There has been an increasing penetration of passenger vehicles, driving the market growth of the rubber processing chemicals. The growth in production volume of electric vehicles, increasing need for fuel-efficient vehicles, and stringent government regulations have increased the demand for rubber processing chemicals in tire manufacturing.

Rubber processing chemicals are used in diverse industries such as automotive, electronics and semiconductors, aerospace and defense, industrial, healthcare, and others. The automotive segment accounted for the highest share in 2020 owing to a greater need for improved comfort, enhanced safety, greater environmental performance, and higher energy efficiency.

The increasing population of vehicles, rising demand for technologically advanced luxury vehicles, and adoption of vehicular safety standards drive the market growth in the region. Significant investments in the automotive sector, extensive research, and development activities increasing the adoption of electric vehicles, and the development of autonomous vehicles are expected to further support market growth.

Asia Pacific dominated the global market for rubber processing chemicals in 2020 and is expected to maintain its dominance over the forecast period. Increasing application in electronic and industrial sectors coupled with rising awareness regarding the adoption of electric vehicles fuels growth in this region. Rising industrial growth, urbanization, and growth in the automotive sector support market growth. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the market.

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Major Players:

Some of the major market participants include Eastman Chemical Company, Arkema Group, Emery Oleochemicals Group, Merchem Limited, BASF SE, Paul & Company, Kumho Petrochemical Co., Ltd., Sinochem Group Co., Ltd., Lanxess AG, Solvay SA, Behn Meyer Holding AG, Akzo Nobel N.V., China Petroleum & Chemical Corporation, R.T. Vanderbilt Holding Co., Inc., Nouryon, and Emerald Kalama Chemical, LLC.

Rubber Processing Chemicals Product Outlook (Revenue, USD Million, 2016 – 2028)

Accelerators

Anti-degradants

Anti-Scorch Agents

Blowing Agents

Flame Retardants

Processing Aid

Polymerization Regulation

Others

Rubber Processing Chemicals Application Outlook (Revenue, USD Million, 2016 – 2028)

Tire

Non-tire

Rubber Processing Chemicals End-User Outlook (Revenue, USD Million, 2016 – 2028)

Aerospace and Defense

Automotive

Electronics and Semiconductors

Industrial

Healthcare

Others

Rubber Processing Chemicals Regional Outlook (Revenue, USD Million, 2016 – 2028)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

RoE

Asia Pacific

China

India

Japan

South Korea

RoAPAC

Latin America

Brazil

Mexico

Columbia

RoLATAM

Middle East & Africa

Saudi Arabia

South Africa

Israel

UAE

RoMEA

Key questions answered in the global chemical market report are:

· How does a global company acquire markets?
· What are its core strategies and policies?
· What factors will influence the chemical market over the forecast period?
· What are the factors driving and restraining the market for chemicals?
· What are the leading competitors in the global market?
· Which region is growing at a higher pace in the global market?

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About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.

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Updated : 2022-05-27 05:54 GMT+08:00