Rubber Processing Chemicals Market Top 5 Manufacturers Survey :-BASF SE, Arkema ,Eastman Chemical Company ,PMC Rubber Chemicals India Private Limited

Global Rubber Processing Chemicals Market: Information by Type (Antidegradants, Accelerator, Adhesion Promoters, Blowing Agents, Anti-Scorch Agents, Polymerization Regulators, and Others), Application (Tire and Non-Tire), and Region—Forecast till 2023

Rubber processing chemicals are specialty chemicals used to improve the resistance of rubber to heat, oxidation, ozone, mechanical stress, and sunlight. Rubber processing chemicals enhance the properties of rubber to provide good resilience, hardness, abrasion resistance, and tensile strength. Some of the rubber processing chemicals include antidegradants, accelerators, processing aids, stabilizers, blowing agents, and adhesion promoters. The product is used in tire and non-tire applications; the tire application segment accounted for the larger market share in 2017 due to the growing demand in the transportation sector.

Key Players

Some of the key players in the global rubber processing chemicals are BASF SE (Germany), Lanxess (Germany), Solvay (Belgium), Arkema (France), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Henan Xuannuo Imp & Exp Co., Ltd (China), Vanderbilt Chemicals, LLC (US), Merchem Limited (India), PMC Rubber Chemicals India Private Limited, PMC Group, Inc. (India), Nocil Limited (India), and Behn Meyer (Germany).

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The growth of the global rubber processing chemicals market is driven by the rapidly expanding automotive industry across the globe. Rubber processing chemicals are increasingly being used in the automotive industry in tires, wiper blades, and belts and hoses. With the increase in automobile production, especially in developing nations such as India, China, and Thailand, the rubber processing chemicals market is likely to witness significant growth in the coming years. Global automotive production grew by approximately 2.5% in 2017 from 2016 and is expected to register a healthy CAGR during the review period.

Regional Analysis:-

The market in Asia-Pacific accounted for the largest share of the rubber processing chemicals markets in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Market growth is largely influenced by increasing automobile production as a result of surging demand and rising per capita incomes. Furthermore, increasing residential and commercial construction as a result of urbanization is expected to drive the growth of the rubber processing chemicals market in Asia-Pacific.

North America is another prominent market for rubber processing chemicals owing to increasing construction spending in the region. Rising residential construction coupled with the prevalence of easy mortgage regimes are driving the growth of the regional market. The consumption of rubber processing chemicals is increasing in aircraft tires with the growing demand for small wide-body passenger airplanes.

The European market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles. Additionally, market growth is driven by the growing demand for leather footwear coupled with changing fashion trends.

The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The market in the Middle East & Africa is likely to grow at a considerable rate in the coming years with rapid industrialization.

Segmentation:-

The global rubber processing chemicals market has been segmented by type, application, and region.

On the basis of type, the market has been segmented into antidegradants, accelerators, processing aids, adhesion promoters, blowing agents, anti-scorch agents, stabilizers, polymerization regulators, and others. The accelerators segment has been further sub-segmented into primary and secondary accelerators.

Based on application, the market has been segmented into tire and non-tire.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Intended Audience

Rubber processing chemicals manufacturers
Traders and distributors of rubber processing chemicals
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

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This release was published on openPR.