Overview and Scope
Rubber processing chemicals refer to a group of specialized substances used in the manufacturing and processing of rubber-based products. These chemicals are added to the rubber compounds to improve their properties, enhance their performance and facilitate the rubber processing and manufacturing processes
Sizing and Forecast
The rubber processing chemicals market size has grown strongly in recent years. It will grow from $5.44 billion in 2023 to $5.8 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth of the automotive industry, industrialization and infrastructure development, consumer goods production, advancements in tire technology.
The rubber processing chemicals market size is expected to see strong growth in the next few years. It will grow to $7.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to emerging markets growth, sustainable rubber production, innovations in rubber compounding, automotive trends. Major trends in the forecast period include bio-based rubber chemicals, high-performance additives, digitalization and industry 4.0, recycling and circular economy.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/rubber-processing-chemicals-global-market-report
Segmentation & Regional Insights
The rubber processing chemicals market covered in this report is segmented –
1) By Type: Antidegradants; Accelerators; Flame Retardants; Processing Aids; Other Types
2) By Application: Tire; Non-Tire
3) By End-Use: Automotive; Electronics And Semiconductors; Aerospace And Defense; Industrial; Healthcare; Other End-Uses
Asia-Pacific was the largest region in the rubber processing chemicals market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in rubber processing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13046&type=smp
Major Driver Impacting Market Growth
The growth in the automotive sector is expected to propel the growth of the rubber processing chemicals market going forward. The automotive industry refers to the business sector that involves the design, development, production, marketing and sale of motor vehicles, including cars, trucks, motorcycles and other types of vehicles. Rubber processing chemicals are used in the automotive sector to enhance the properties of rubber materials, such as tires, seals, gaskets, hoses and other rubber components used in vehicles. For instance, in May 2023, according to a report shared by the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, the global production of motor vehicles increased by 5.7% in 2022 to 85.4 million, up from 2021. Therefore, the growth in the automotive sector is driving the development of the rubber processing chemicals market.
Key Industry Players
Major players in the rubber processing chemicals market are Sinopec Corporation, BASF SE, Sumitomo Chemical Company, Solvay Group, Arkema S.A., Sinochem Group Co. Ltd., Akzo Nobel N.V., Eastman Chemical Company, Lanxess AG, The Chemours Co., Kumho Petrochemicals, Nouryon B.V., Chemtura Corporation, Emery Oleochemicals Group, Behn Meyer Holding AG, Oceanchem Group Limited, Emerald Performance Materials LLC, Nocil Limited, Merchem Limited, PMC Group Inc., Velsicol Chemical Corporation, Vanderbilt Chemicals LLC, Linkwell Rubber Chemicals Co. Ltd., DayGlo Color Corp., Yasho Industries Ltd., Sovereign Chemical Co., IRO Group Inc., Finornic Chemicals Pvt Ltd., Swarup Chemicals Pvt. Ltd.
The rubber processing chemicals market report table of contents includes:
1. Executive Summary
2. Rubber Processing Chemicals Market Characteristics
3. Rubber Processing Chemicals Market Trends And Strategies
4. Rubber Processing Chemicals Market – Macro Economic Scenario
5. Global Rubber Processing Chemicals Market Size and Growt
.
.
.
26. South America Rubber Processing Chemicals Market
27. Brazil Rubber Processing Chemicals Market
28. Middle East Rubber Processing Chemicals Market
29. Africa Rubber Processing Chemicals Market
30. Rubber Processing Chemicals Market Competitive Landscape And Company Profiles
Top Major Players:
- Sinopec Corporation,
- BASF SE
- Sumitomo Chemical Company
- Solvay Group
- Arkema S.A.
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
