Rubber Processing Chemicals Market Analysis, Overview, Trend Analysis & Opportunity Assessment 2022-2030
Market Segmentation
The global rubber processing chemicals market has been segmented
by type, application, and region.
On the basis of type, the market has been segmented into
antidegradants, accelerators, processing aids, adhesion promoters, blowing
agents, anti-scorch agents, stabilizers, polymerization regulators, and others.
The antidegradants segment accounted for the largest share of the rubber
processing chemicals market in 2017 and is expected to grow at a considerable
rate during the review period. Antidegradants improve the resistance of rubber
to oxidation, ozone, heat, and sunlight. The growing demand for tires and other
industrial products is likely to fuel the demand for antidegradants.
Accelerators are increasingly being used in Rubber
Processing Chemicals Market Analysis to increase the speed of
vulcanization. The accelerators segment has been further sub-segmented into
primary and secondary accelerators. Primary accelerators are used for their
superior properties such as good processing safety and vulcanization rate and
optimum crosslink density. Secondary accelerators are used to increase the
speed of vulcanization.
Based on application, the market has been segmented into tire
and non-tire. The tire application segment accounted for the larger market
share in 2017 owing to the growing demand in the automotive industry. The
demand for tires is rising with the increasing production of automobiles. The
non-tire application segment includes industrial rubber products, hoses and
belts, roofing material, floor covering, footwear, and others.
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Regional Analysis
Based on region, the rubber processing chemicals market has been
segregated into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa.
The market in Asia-Pacific was the largest in 2017 due to the
presence of a large number of industries in developing nations such as India
and China. Expanding population is an important factor leading to the rise in
residential construction, which is also driving the growth of the rubber
processing chemicals market.
North America is a prominent market for Rubber Processing
Chemicals owing to surging demand in the transportation sector, especially
the automotive and aviation industries. The European market for rubber
processing chemicals is expected to grow as a result of rising demand in major
end-use industries such as automotive, construction, and footwear. Surging
demand for automobiles with high energy efficiency is expected to positively
impact market growth. The markets in Latin America and the Middle East &
Africa are expected to exhibit considerable growth during the review period due
to expanding end-use industries in the regions.
Competitive Analysis
Some of the key players in the global rubber processing
chemicals market analysis are Lanxess (Germany), Solvay (Belgium), Eastman
Chemical Company (US), Henan Xuannuo Imp & Exp Co., Ltd (China), BASF SE
(Germany), Vanderbilt Chemicals, LLC (US), Merchem Limited (India), Arkema
(France), PMC Rubber Chemicals India Private Limited, PMC Group, Inc. (India),
Emery Oleochemicals (Malaysia), Nocil Limited (India), and Behn Meyer
(Germany).
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