Rubber Additives Market to Witness Huge Growth by Key Players: Lanxess AG, BASF SE, Sinopec Corporation, Emery Oleochemicals, Behn Meyer Group, Sumitomo Chemical

Global Rubber Additives Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The rubber additives market is projected to reach USD 9.3 billion by 2026, at a CAGR of 3.5% from USD 7.8 billion in 2021.

The report provides a comprehensive analysis of company profiles listed below:
• Arkema S.A.(France)
• Lanxess AG (Germany)
• BASF SE (Germany)
• Solvay S.A. (Belgium)
• Sinopec Corporation (China)
• R.T. Vanderbilt Holding Company Inc. (US)
• Emery Oleochemicals (US)
• Behn Meyer Group (Germany)
• Toray Industries Inc. (Japan)
• Sumitomo Chemical (Japan)

"The antidegradants is the largest type of rubber additives for rubber additives market in 2020"
The demand for antidegradants is fuelled by the expansion in its applications such as tire and industrial rubber products. These are used to improve the rubber's resistance against the effects of sunlight, oxidation, heat, and mechanical stress. Moreover, they are used to improve the performance and lengthen the service life of rubber products. The market for accelerators is estimated to witness a decent growth due to their increased demand for vulcanizing rubber products. The others segment is estimated to witness slow growth during the forecast period.

"Tire is estimated to be the largest application of rubber additives market in 2020."
Rubber is the primary raw material used in the production of tires. Several additives are used to attain the desired properties of rubber. Rubber additives are used in tires to provide specific characteristics such as high friction for racing tires and high mileage for passenger car tires. The growing automotive industry in Asia-Pacific demands processed tires to meet the demand of the customers. The stringent environmental norms in Europe demand the use of high-tech rubber for various applications.

"Asia Pacific is expected to be the largest rubber additives market during the forecast period, in terms of value."
Asia Pacific is the fastest-growing region in rubber additives market owing to rapid economic growth in the region. The increased demand for superior quality processed rubber from the automotive industry is driving the market for rubber additives in the region. The growing population coupled with the increasing purchasing power of consumers is boosting the demand for automobiles in the region.

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Competitive Landscape of Rubber Additives Market:
1 Introduction
2 Key Players' Strategies
3 Market Share Analysis
3.1 Arkema Sa
3.2 Lanxess Ag
3.3 Basf Se
3.4 Solvay Sa
4 Competitive Situation And Trends
4.1 Deals
4.2 Other Developments

Research Coverage:
This report segments the market for rubber additives on the basis of type, application, and region, and provides estimations for the overall value and volume of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for rubber additives.

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This release was published on openPR.