openPR Logo
Press release

Rubber Processing Chemicals Market is poised to rise to US$5.1 bn by 2024

Rubber Processing Chemicals Market is poised to rise to US$5.1 bn

LANXESS, Eastman Chemical Company, BASF SE, and Akzo Nobel N.V. were the top four players in the global rubber processing chemicals market in 2015, accounting for about 41% of the overall market. Among these, BASF SE was the torch bearer, owing to its constant efforts towards launching new products and technological innovations, finds Transparency Market Research (TMR) in a new study.

Browse Market Research Report:

Their strong brand name and diversified portfolio have helped these companies in maintaining prominence in this highly consolidated arena. Apart from this, a raft of players is paying high attention to long-term contracts in order to stay relevant. “Despite consolidation, these forces have led to high competitive rivalry in the global rubber processing chemicals market. The competition is anticipated to grow fiercer with the entry of numerous regional players,” says TMR’s lead analyst.

The opportunity in the global rubber processing chemicals market was pegged at US$3.4 bn in 2015 and is poised to rise to US$5.1 bn by 2024, exhibiting a CAGR of 4.7% between 2016 and 2024.

Asia Pacific to Remain Frontrunner through 2024

On the basis of application, the tire segment accounted for more than 70% of the overall market value in 2015 and is expected to maintain its leadership until 2024. The expansion of the automotive industry across the globe is one of the primary factors fuelling dominance of the segment. The segment will also register a CAGR higher than any other segment during the forecast period.

Geographically, Asia Pacific held a massive share of 62% in the market in 2015, with China being the leading revenue contributor. Owing to the flourishing growth of the automotive and manufacturing industries, the demand for rubber processing chemicals will remain high in the region throughout the forecast horizon. APAC is poised to remain dominant until 2024.

Get TOC Of This Report @

Booming Construction Industry in Developing Countries Provides Upthrust to Overall Market

Owing to the unique properties of rubber such as elasticity and molding, it is the primary material used for manufacturing tires. With the spiraling sales of automobiles, owing to the rising spending power of consumers, the rubber industry and its underlying markets are gaining significant momentum. As a result of which, the global rubber processing chemicals market is anticipated to tread along a healthy growth track. “Besides this, the recent developments in the tire industry are also translating into the greater uptake of rubber processing chemicals,” says a TMR analyst.

Besides their application in the tire industry, rubber processing chemicals find extensive usage across construction activities. They are used in the construction industry as roofing materials, floor coverings, sealants, and sound insulators. They also provide protection to joint materials against pollution, corrosion, and harsh weather conditions. Therefore, the robust growth of the construction sector, especially in developing countries, is providing a fillip to the market.

Get accurate market forecast and analysis on the Rubber Processing Chemicals market. Request a sample to stay abreast on the key trends impacting this market @

Adverse Effects of Rubber Processing Chemicals on Environment to Limit their Widespread Adoption

Rubber processing chemicals can potentially have a hazardous impact on the environment. For instance, wastewater discharged during processing contains a significant level of biological oxygen. The rising concerns regarding the environmental degradation due to these chemicals are compelling governments worldwide to impose stringent regulations on rubber processing. Besides this, the advent of green tires is also acting as a major roadblock for rubber processing chemicals manufacturers. These factors are, therefore, inhibiting the growth of the market. Nevertheless, the majority of the leading players are likely to capitalize on the tremendous opportunities offered by Asia Pacific.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rubber Processing Chemicals Market is poised to rise to US$5.1 bn by 2024 here

News-ID: 706777 • Views: 209

More Releases from Transparency Market Research

Chatbot Market: Key Players and Production Information analysis
A 27.8% CAGR (Compound Annual Growth Rate) is set to mark the forecast period between 2016 and 2024, as per a Transparency Market Research (TMR) report. And, as per the analysts at TMR , some of the factors that the growth shall be attributed to are increasing popularity and adoption of Artificial Intelligence (AI) across industry verticals, including end-users, and innovation marking the landscape in a big way. This will
Digital Voice Recorder Market: Rising Allocations OnanalysisAnd Innovation
With the presence of a copious number of companies, the global market for digital voice recorder is fragmented with intense competition. In this scenario, top companies are aggressively engaged in technological advancements to serve ever-changing consumer demand, for which they are investing heavily in this market. In the years ahead, these players are likely to concentrate on regional expansion, for which they might resort to business alliances with regional players. Key
Virtual Reality (VR) in Healthcare Market - Global Industry Analysis, Size, Shar …
Global Virtual Reality (VR) in Healthcare Market - Overview The integration of IT solutions and principles in the field of healthcare is bringing about a transformation in the way patients are treated and services are provided by healthcare practitioners. The vast benefits of digitally managed processes and operations are prompting an increasing number of companies in the healthcare sector to shift from conventional manually operated devices and processes to newer and
Inertial Measurement Unit Market: A Latest Research Report to Share Industry Ins …
Growing at a stellar pace, Global Connected Logistics Market is set to increase the worth of the market, bringing it up to USD 55.17 billion by the end of the year 2025. This is a steep rise from 2016, when the market worth was USD 10.21 billion. This translates to an impressive 17.8% CAGR (Compound Annual Growth Rate) from 2017 to 2025. connected logistics market Technological Advancement to Propel Global Connected Logistics

All 5 Releases

More Releases for Chemical

Bulk Chemical Packaging Market
Expanding at a robust growth rate of 6.8 percent, the global demand for bulk chemical packaging is estimated to reach a valuation of approximately US$ 10.7 Billion, in 2019, as per a recently published study Future Market Insights (FMI) on the global packaging landscape for bulk chemicals. Bulk chemicals, also called commodity chemicals, have witnessed a surge in demand given its wide application in a host of end-use industries such
Chemical Agricultural Colorants Market
This report studies the global Chemical Agricultural Colorants market status and forecast, categorizes the global Chemical Agricultural Colorants market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Chemical Agricultural Colorants is a class of colorants used in seed, fertilizer, easy to
Global PERMETHRIN Market 2018 -Sumitomo Chemical, Yangnong Chemical, Bayer, Hera …
Apex Market Reports, recently published a detailed market research study focused on the “PERMETHRIN Market” across the global, regional and country level. The report provides 360° analysis of “PERMETHRIN Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of PERMETHRIN on the basis of
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering SQM Hualong Ammonium Nitrate XuHang Chemical FuYuan Chemical LuGuang Chemical YuanHua Chemical XinHao Chemical FengYuan Chemical Longsheng Jiaocheng Zhongyuan Chemical Jiaocheng MingXing Chemical Huaertai Chemical To Download Sample Report With TOC: On the basis of product, this report displays the production, revenue,
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027. Introduction: Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market