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Rubber Processing Chemicals Market Market Opportunities & Growth Factors 2025 By Top & Major Companies – Arkema, Eastman Chemical Company, AkzoNobel, Solvay, LANXESS, Emerald Performance Materials, BASF, Sumitomo Chemical: Group Companies of the America

Rubber Processing Chemicals Market

Rubber Processing Chemicals Market

Touted as one of the most under-rated niche verticals of the bulk and specialty chemicals industry, rubber processing chemicals market has been garnering considerable momentum in the past few years. The overwhelming expansion of the automobile and construction businesses across the globe has been an instrumental factor in propelling the demand for rubber processing chemicals.

These chemicals are majorly utilized in rubber processing facilities to improve the physical attributes of rubber, which is consequentially used in automobiles. Moreover, these chemicals are utilized in sealants, roofing materials, sound insulation, and floor coverings in the residential and commercial buildings, essentially highlighting the significance of rubber processing chemicals in the overall construction industry.

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Owing to the surging deployment of rubber components in various applications, the revenue graph of rubber processing chemicals market has lately been observing a commendable incline. Right from tires and seals to conveyor belts and housing, rubber is prominently used in automobiles and other industrial sectors.

Considering the escalating demand for this polymeric substance, numerous core companies have been working to establish new facility centers across myriad geographies. The consistent construction of such rubber production plants across the globe is thus poised to impel rubber processing chemicals market size over the years ahead.

Rubber Processing Chemicals Market, Product by Application
o Accelerators
o Flame retardants
o Anti-degradants
o Processing aids
o Others
o Tire
o Non-tire

Rubber Processing Chemicals Market to exceed USD 5.3 billion by 2025; Asia Pacific is anticipated to grow with a highest CAGR over the forecast timeframe 2018-2025. Automobile is the major end-user in rubber chemicals market and 40% of automobile production is done China, due to which Asia Pacific registered highest product demand in 2017 with holding more than 60% market share. North America rubber processing market shall grow with a prominent CAGR in near future, owing to the presence of major automobile manufacturers in the U.S.

The exponential increase in the sales of automobiles across various countries has led to an escalation in tire manufacturing, which is the most significant application of rubber processing chemicals industry. According to trusted estimates, the worldwide sales of passenger cars reached 78.6 million units in 2017, thus positively affecting the business of rubber production.

In addition to this, major tire manufacturers have been expanding their existing manufacturing capacities to gain a competitive advantage in a fast-evolving business vertical. For instance, the Japan-based tire maker Toyo Tire & Rubber Co. Ltd has recently announced to invest USD 62 million to expand its bus and truck tire production units in Malaysia and China.

Rubber Processing Chemicals Market, by Application

o Tire
o Non-tire

Tire was the largest application segment for rubber processing chemicals market in 2017 and is forecast to grow with a highest CAGR due to escalating automobile sales across the globe. Non-tire application segment is likely to experience increasing demand during the forecast period. This can be attributed to the increasing industrialization and construction activities in major part of the world.

Global rubber processing chemicals market will be primarily driven by rapidly increasing automobile industry. According to latest OICA reports global automobile sale in 2017 was 97 million vehicles. This massive size of the automobile industry shall fuel the product demand in near future. In addition, positive growth number from the construction industry are likely to help the rubber processing chemical market to grow further. Product is used in the construction industry in roofing materials, floor covering, sound insulators and sealants.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. LANXESS
2. Arkema
3. BASF
4. Solvay
5. AkzoNobel
6. Eastman Chemical Company
7. Kumho Petro Chemical
8. Emerald Performance Materials
9. Sumitomo Chemical: Group Companies of the Americas
10. Merchem Ltd.
11. Pukhraj Additives LLP

Crude rubber can acquire high elasticity by using the accelerators while rubber manufacturing. With increasing usage and application of rubber across the globe, accelerators rubber chemicals are anticipated to experience a healthy growth in demand near future. Anti-degradant rubber chemicals are likely to experience the significant growth number over the forecast period. Anti-degradant rubber chemicals improve the rubber's resistance to the effects of sunlight, oxidation, ozone, mechanical stress and heat.

Browse key industry insights report, “Rubber Processing Chemicals Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/rubber-processing-chemicals-market

Giant multinational players are operating in the rubber processing chemicals market. Some major players working in the industry includes, BASF SE, Solvay S.A., Kumho Petrochemicals, Eastman Chemical Company, AkzoNobel N.V., Emerald Performance Materials, Linkwell, Sumitomo Chemicals, R.T. Venderbilt Holding Company, Inc., Merchem Ltd and Pukhraj Additives LLP.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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