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Rubber Processing Chemicals Market Market will Record a Sluggish 4.5 % CAGR through 2026
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This report presents the value forecast of the global rubber processing chemicals market and studies in detail the key market dynamics operating in the global rubber processing chemicals market in the form of drivers, restraints, opportunities and trends. As per the projections of Persistence Market Research, the global rubber processing chemicals market was estimated to be valued at nearly US$ 4,750 Mn at the end of the year 2017 and is likely to reach a figure of nearly US$ 7,000 Mn at the end of the period of forecast in the year 2026, and in the process exhibit a CAGR of 4.5% during the time span of 2017-2026.
Antidegradants Largest Product Type in Terms of Revenue
The antidegradants product type category is the largest segment by value and is slated to display a CAGR Of 4.4% during the period of forecast. This segment is likely to reach a market valuation of nearly US$ 4,500 Mn by the end of the period of forecast in the year 2026.
Tires and Related Products Largest Application Segment
The tires and related products segment in the application category of the global rubber processing chemicals market is likely to exhibit a CAGR of 4.2% during the period of forecast. This segment was estimated to be valued at nearly US$ 3,300 Mn in 2017.
Tire End Use Segment to Witness the Fastest Growth
The tire segment in the end user industry category of the global rubber processing chemicals market is slated to exhibit the fastest CAGR of 4.6% during the period of forecast and is likely to reach a market valuation of nearly US$ 5,000 Mn by 2026 end.
APEJ to Dominate the Global Rubber Processing Chemicals Market in Terms of Value
The APEJ regional market leads the global rubber processing chemicals market and is expected to display a CAGR of 5.6% during the period of forecast. The APEJ rubber processing chemicals market is anticipated to reach a valuation of nearly US$ 4,500 Mn by the end of the period of assessment in 2026.
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Competition Landscape of the Global Rubber Processing Chemicals Market
Some of the key players operating in the global rubber processing chemicals market have been profiled in the competition landscape section of this report. Featured companies include NOCIL ltd., The Chemours Co., Arkema SA, Kumho Petrochemical Co. Ltd., Eastman Chemical Company, BASF SE, Sumitomo Chemical, Crofa International PlC, Solvay SA and Lanxess AG.
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