Rubber-processing chemicals are considered as a group to be specialty chemicals. They aid in improving the resistance of rubber to heat, oxidation, sunlight, ozone, and mechanical stresses. Rubber-processing chemicals include a wide range of product types, such as accelerators, activators, vulcanizing agents, antidegradants (antioxidants and antiozonants), and stabilizers, among others. These major types of rubber-processing chemicals meet the requirements for such properties as good resilience, abrasion resistance, flex resistance, hardness, and tensile strength for product-specific end-use applications.
Market Analysis and Insights: Global Rubber Processing Chemicals Market
Due to the COVID-19 pandemic, the global Rubber Processing Chemicals market size is estimated to be worth US$ 4112.8 million in 2022 and is forecast to a readjusted size of US$ 4939.6 million by 2028 with a CAGR of 3.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Antidegradants accounting for % of the Rubber Processing Chemicals global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Tire segment is altered to an % CAGR throughout this forecast period.
Regionally, Asia Pacific emerged dominant in the global rubber processing chemicals market in 2017 . The rising demand from emerging nations such as India and China, besides the demand from flourishing automotive and construction industry in Japan, will creating lucrative opportunities. In developed economies such as North America and Europe, the market will witness steady demand, despite their sluggish economic growth. Stringent government regulations implemented in these regions to curb harmful emissions have negative impacted the market for rubber processing chemicals.
Global Rubber Processing Chemicals Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Rubber Processing Chemicals Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Antidegradants
Accelerators
Others
Segment by Application
Tire
Non-tire
By Company
BASF
Akzonobel
Lanxess
Solvay
Arkema
Sinopec
Eastman
Sumitomo Chemical
Emery Oleochemicals
Behn Meyer
Emerald Performance Materials
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina