Sales of Rubber Processing Chemicals Is Likely To Reach US$ 7.14 Billion by 2032

Sales of rubber processing chemicals were valued at US$ 5.15 Billion in FY 2022, and is likely to exhibit a Y-o-Y expansion rate of 3.3% to reach US$ 7.14 Billion in 2032. Overall, the market is forecast to register a CAGR of over 3%.

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Competitive Landscape

To expand their market footprints, prominent rubber processing chemical manufacturers use new product launches, R&D activities, collaborations, mergers, and acquisitions, as well as collaborations, mergers, and acquisitions.

• BASF invested 16 Million Euros in Pyrum Innovations Inc., which specializes in pyrolysis of waste tires, in October 2020. The oil from the waste tires will be extracted and used to manufacture new products by the company.

• Eastman Chemical Company completed the de-bottlenecking of its St. Gabriel Diethyl hydroxylamine (DEHA) production facility in June 2019. DEHA is primarily used in the manufacture of styrene-butadiene rubber (SBR), and the new development is expected to meet the growing needs of customers in the western hemisphere.

• Eastman Chemical Company announced plans in June 2021 to sell its rubber additives business, including the CrystexTM insoluble sulphur and SantoflexTM anti-degradants, to an affiliate of One Rock Capital Partners LLC for US$ 800 million in order to streamline its Additives & Functional Products business.

Key Companies Profiled:

• BASF SE
• Arkema Group
• Behn Meyer Holding AG
• China Petroleum & Chemical Corporation (SINOPEC)
• Eastman Chemical Company
• Emerald Kalama Chemical LLC
• Emery Oleochemicals Group
• Kumho Petrochemical Co. Ltd. (KKPC)
• LANXESS AG

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"Automotive Industry Affects Sales of Rubber Processing Chemicals"

The automotive industry is a major consumer of rubber processing chemicals. These chemicals are used in the production of tires, hoses, belts, and other rubber components used in cars and other vehicles. The demand for these chemicals is directly linked to the demand for vehicles. As the automotive industry grows, so does the demand for rubber processing chemicals.

The automotive industry is highly competitive and constantly evolving. As new technologies are developed, new materials are needed to meet the demands of the industry. This means that rubber processing chemicals must be able to keep up with the changing needs of the industry. As new materials are developed, new rubber processing chemicals must be developed to meet the needs of the industry. The automotive industry also affects the sales of rubber processing chemicals in other ways. For example, when a car manufacturer introduces a new model, they often require specific rubber processing chemicals to produce components for that model.

This means that rubber processing chemical manufacturers must be able to quickly develop and produce these chemicals in order to meet the demands of the automotive industry. In addition, as cars become more fuel efficient and environmentally friendly, rubber processing chemicals must be able to meet these demands as well. This means that manufacturers must be able to develop and produce rubber processing chemicals that are more efficient and environmentally friendly. Overall, the automotive industry has a direct impact on the sales of rubber processing chemicals.

As the industry grows and changes, so does the demand for these chemicals. Manufacturers must be able to keep up with these changes in order to remain competitive in the market.

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Key Segments:

• By Product :

o Anti-Degradant
o Accelerators
o Rubber Flame Retardant Chemicals
o Aids/Promoters
o Others

• By Application :

o Tire Applications
o Non-Tire Applications

• By Regions :

o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o Middle East & Africa

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.