Global Rubber Processing Chemicals Market

Global Rubber Processing Chemicals Market To Witness Impressive Growth, Revenue To Surge To USD 6.72 Billion By 2028

The global rubber processing chemicals market size was valued at USD 4.8 billion in 2018, driven by ascending demand from end-use industries including automotive and building and construction. Rubber is used to manufacture a variety of products such as gloves, tires, mats, flooring, pipes, and belts. Its improved resistance against the effects to heat, sunlight, oxygen, mechanical stress, and ozone is leading the global market growth.

These end-use products are broadly categorized into two end-use segments, including tire and non-tire. The growth of the market for rubber processing chemicals majorly depends on the tire industry which includes both, synthetic and natural rubber. The consumption, majorly in emerging economics, has increased owing to the fact that the number of vehicles purchased along with sales of replacement tires has increased considerably. In 2017, the global car sales crossed a mark of 96 million units and is projected to drive the market for rubber processing chemicals over the forecast period.

Owing to growing domestic demand for automobiles and extensive network of automotive manufacturers, the rubber processing chemical market in the U.S. is witnessing a surge. Overall, the U.S. stands second in the list of the world’s market for vehicle sales and production. The country’s automotive industry is forefront of innovation. According to the Auto Alliance, the U.S. has spent almost a fifth of the global R&D spending in the automotive industry.

Rubber processing generates large amount of wastewater, which if released untreated, may cause severe health problems. In addition, manufacturing processes, such as extrusion and molding, result in excess deaths from hematopoietic, lung, stomach, bladder, and other cancers. Hence, several regulatory bodies such as the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and New Source Performance Standards (NSPS) have stringent regulations regarding usage and disposal of wastewater from rubber processing plants.

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Global Rubber Processing Chemicals Market
Global Rubber Processing Chemicals Market

The Report Lists the Key Companies in the Rubber Processing Chemicals Market:

R.T. Vanderbilt Company, Inc, Emerald Performance Materials, LANXESS Corporation, Chemtura Corporation, Solvay SA, Eastman Chemical Company, Emery Oleochemicals Llc, Behn Meyer Group, Akzonobel N.V, China Petroleum & Chemical Corporation

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Rubber Processing Chemicals market trends. The report is available for sale on the company website.

Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Rubber Processing Chemicals. In addition, the report encompasses an array of factors that impact the growth of the Rubber Processing Chemicals in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.

Product Types: Anti-Degradants, Accelerators, Flame Retardants, Processing Aids/Promoters

On the Basis of Application: Latex Products ,Footwear, Belts & Hoses ,Non-Automotive

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Regional Analysis for Rubber Processing Chemicals Market :

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Major Table of Contents for Rubber Processing Chemicals Market :

1.Introduction

2.Executive Summary

3.Market Dynamics

4.Key Rubber Processing Chemicals Market Insights

5.Global Market Analysis, Insights and Forecast, 2015-2027

6.North America Market Analysis, Insights and Forecast, 2015-2027

7.Europe Market Analysis, Insights and Forecast, 2015-2027

8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027

9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027

10.Latin America Market Analysis, Insights and Forecast, 2015-2027

11.Competitive Landscape

12.Global Rubber Processing Chemicals Market Revenue Share Analysis, By Key Players, 2021

13.Company Profiles

14.Conclusion

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