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Rubber Additives Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033 | BASF SE, Solvay S.A., Arkema S.A., Akzo Nobel N.V., Clariant AG, PMC Group Inc.
"The new report published by The Business Research Company, titled ""Rubber Additives Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the rubber additives market size has grown strongly in recent years. It will grow from $5.6 billion in 2023 to $6.1 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The rubber additives market size is expected to see strong growth in the next few years. It will grow to $8.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Rising Demand For High-Performance Rubber Drives Growth In The Rubber Additives Market
Increasing demand for high-performance rubber is expected to propel the growth of the rubber additives market going forward. High-performance rubber refers to the material's capacity to tolerate rather harsh environmental conditions such as heat, chemicals, and solvents. High-performance natural rubber composites using a carbon nanotube-modified natural fiber reinforcing structure For instance, in April 2022, according to a report shared by the Association of Natural Rubber Producing Countries (ANRPC), a Malaysian-based inter-governmental organization, the natural rubber (NR) market is predicted to improve further in terms of consumption. Inn 2022, the global output was 1.113 million tons, up 3.8% from the same month in 2021, but global consumption increased at a faster rate of 5.8% to 1.206 million tons. Therefore, the increasing demand for high-performance rubber is driving the growth of the rubber additives market.
Innovative Rubber Additives Revolutionize Rubber-To-Metal Bonding
Major companies operating in the rubber additives market are focusing on innovative products such as TP 1862 and LP21-103 to address the need for a sustainable and high-performance solution for rubber-to-metal bonding. TP 1862 and LP 21-103 are two additives to create a sustainable and high-performance rubber-to-metal adhesive. The TP 1862 additive comes in granule form, reducing low zinc and heavy metals, simplifying formulas, increasing mechanical properties, and eliminating cobalt salts and resorcinol. For instance, in March 2023, Bruggemann., a Germany-based chemicals company, introduced a new technology that was recently featured in Rubber World. This innovation combines two additives, TP 1862 and LP21-103, to create a rubber-to-metal adhesive that eliminates the need for resorcinol and cobalt salt. Moreover, these additives offer a sustainable and high-performance solution for rubber-to-metal bonding, addressing the need for safer, more environmentally friendly, and cost-effective adhesives in various industries.
The rubber additives market covered in this report is segmented -
1) By Type: Activators, Accelerators, Vulcanization Inhibitors, Plasticizers, Other Types
2) By Application: Tire, Non-Tire
3) By End Use: Automotive, Consumer Goods, Building and Construction, Electrical Insulation
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Major companies operating in the rubber additives market report are China Petroleum & Chemical Corporation, BASF SE, MLPC International, Sumitomo Chemical Co Ltd., Toray Industries Inc., Solvay S.A., Arkema S.A., Akzo Nobel N.V., Eastman Chemical Company, Celanese Corporation, Wacker Chemie AG, Lanxess AG, Kraton Corporation, Emery Oleochemicals LLC, Behn Meyer Group, China Sunsine Chemical Holdings Limited, Emerald Performance Materials LLC, Peter Greven GmbH & Co KG, Rhein Chemie GmbH, Akrochem Corporation, King Industries Inc., Vanderbilt Chemicals LLC, R.T. Vanderbilt Holding Company Inc., Thomas Swan & Co Ltd., Struktol Company of America, Prisma Rubber Additives Ltd., Performance Additives LLC, Nocil Limited, Kemai Chemical Co Ltd., Addivant USA LLC, Albemarle Corporation, Cabot Corporation, Chemtura Corporation, Clariant AG, Croda International plc, Evonik Industries AG, Huntsman Corporation, Momentive Performance Materials Inc., PMC Group Inc.
Contents of the report:
1. Executive Summary
2. Rubber Additives Market Report Structure
3. Rubber Additives Market Trends And Strategies
4. Rubber Additives Market - Macro Economic Scenario
5. Rubber Additives Market Size And Growth
…..
27. Rubber Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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