Press release
Global Rubber Additives Market: Market size and growth, absolute dollar opportunity, market taxonomy, Basis Point Share (BPS) analysis 2018-2025
Rubber additives are chemicals or agents added during the processing and synthesis of rubber polymers. Rubber additives are incorporated with raw rubber polymer to enhance structural and mechanical properties, and improve the overall performance and quality of rubber.
Rubber additives are chemicals or agents added during the processing and synthesis of rubber polymers. The most common rubber additives are rubber antioxidant, rubber accelerators and insoluble sulfur etc. In 2017, production of rubber antioxidant took about 41.63% of global rubber additives. Rubber accelerators and insoluble sulfur separately took 36.82% and 7.94% in 2017.
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Global demand for rubber additives is significantly driven by increasing consumption of rubber polymers in tire manufacturing and electrical insulation industries. Tire manufacturing industry is the largest consumer of rubber. Vulcanization accelerators, process aids and oil extenders are some of the rubber additives used in tire manufacturing. Accelerators which are used commonly to increase the cross-linking efficiency during vulcanization include guanidines, thiazoles, thiurams and sulfur. Furthermore, processing aids such as chemical peptizers and some plasticizers help reduce the viscosity for easy fabrication and stabilization. Extenders used during designing of tire treads include clay and calcium carbonate. Electrical insulation in household and industrial constructions is another driver of global demand for rubber additives. Rubber is a bad conductor of electricity; hence, it is one of the favored insulation materials. Oil extenders are extensively used rubber additives that help reduce the overall insulation costs. Stabilizers such as esters of fatty acids are also added to improve the heat and voltage resistance of rubber. However, environmental concerns coupled with stringent governmental regulations may hamper market growth. Regulations are imposed on rubber manufacturing industries, especially for VOC emissions that cause air pollution.
The global Rubber Additives market is valued at 4570 million US$ in 2017 and will reach 6640 million US$ by the end of 2025, growing at a CAGR of 4.8% during 2018-2025.
The major manufacturers covered in this report
Eastman
Kemai Chemical
Sunsine
Jiangsu Sinorgchem Technology
Lanxess
Shandong Yanggu Huatai Chemical
KUMHO PETROCHEMICAL
Northeast Auxiliary Chemical
Addivant
Puyang Willing Chemicals
Xian Yu-Chem
AkzoNobel
Agrofert
Sumitomo Chemical
NCIC
OUCHI SHINKO CHEMICAL
Arkema
NOCIL
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
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