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The global rubber additives market was valued at US$ 5.16 Billion in 2021.
We expect the global rubber additives market to exhibit a CAGR of 4.30% during 2022-2027.
The extensive application of rubber additives in the production of automobile tires, based on their
ability to control molecular weight and to enhance durability and performance of the vehicle, is
primarily driving the global rubber additives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of the numerous
manufacturing units for rubber additives.
Based on the type, the global rubber additives market has been segmented into activators,
accelerators, vulcanization inhibitors, plasticizers, and others. Currently, activators represent the
largest market share.
Based on the application, the global rubber additives market can be bifurcated into tire, conveyor
belts, electric cables, and others. Among these, tire accounts for the majority of the total market
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global rubber additives market include Akrochem Corporation,
Arkema S.A., BASF SE, Behn Meyer Holding AG, China Petroleum & Chemical Corporation, China
Sunsine Chemical Holdings Ltd., Eastman Chemical Company, Lanxess AG, Nocil Ltd., Solvay S.A.,
Struktol Company of America LLC (Schill + Seilacher GmbH), Sumitomo Chemical Co. Ltd., and
Thomas Swan & Co. Ltd.
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