Press release
Rubber Additives Market Industry Key Trends, Demand, Growth 2029
Rubber Additives Market - DataM Intelligence
The Rubber Additives Market is estimated to reach a CAGR of 3.70% during the forecast period (2022-2029).
Rubber additives are a collective term for various fine chemical products that are added as natural or synthetic rubber and processed into rubber products. Rubber additives are used to give rubber products performance, guarantee their usefulness and enhance the throughput of rubber compounds.
In the rubber industry, rubber additives are crucial auxiliary raw materials. Rubber additives are crucial for advancing rubber processing techniques, reducing energy consumption, and raising product quality. Although additives are used relatively in small amounts in the rubber industry, they are crucial to improving the product's performance during processing and application.
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Market Dynamic
Growing environmental awareness and associated stringent laws
The International Agency on Research for Cancer report states that the rubber manufacturing industry has contributed significantly to air pollution. During the heating and formation of latex sheets, this industry essentially introduces unwanted latex fumes into the atmosphere.
Further, numerous different chemicals are included in rubber formulations, with each one being added with a specific purpose in mind. There are numerous rules that rubber chemists must abide by because creating rubber compounds is such a special process. The European Union Medical Device Regulations (EUMDR), International Material Data System (IMDS), EPA, REACH, IPC 1752, Proposition 65, and other regulations are among the most important ones that have been put in place.
As a result, the market for rubber additives is also restricted by the strict rules and regulations established by the government. The environment is also harmed by the emission of pollutants and gases released during rubber manufacture. As a result, any restrictions placed on this activity could impede market expansion.
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Market Segmentation
By Type
• Accelerators
• Activators
• Peptizers
• Antidegradants
• Plasticizers
By Materials
• Fiber
• Silica, Silicates
• Carbon Black
By Coating Agents
• Silicon
• Teflon
By Application
• Tiers
• Adhesives
• Electric Cables And Hoses
• Insulation
• Specialty Tapes
By End-User
• Tire & Tubing
• Consumer Goods
• Construction
• Electrical Insulation
Competitive Landscape
The global rubber additives market is highly dynamic regarding global and local producers' numbers and strengths. The market is fragmented due to numerous large-scale manufacturers such as Akrochem Corporation, Akzo Nobel N.V., Arkema, BEHN MEYER, Eastman Chemical Company, BASF SE, Thomas Swan & Co. Ltd., LUMITOS AG, Wacker Chemie AG, and Solvay. Pivotal market stakeholders employ tactics like mergers, acquisitions, product launches, contributions, and collaborations to gain competitive advantages and recognition in their respective markets.
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DataM Intelligence 4Market Research is a market intelligence platform that gives access to syndicated, customized reports and consulting to its clients in one place. As a firm with rich experience in research and consulting across multiple domains, we are a one-stop solution that will cater to the needs of clients in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed, and food & beverages, among others. Our platform has Insights on markets that uncover the latest market research data that are distinct from the competition. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy-centric framework and value-added services will let individuals and corporates ease access and custom personalization to research and markets.
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