The global rubber processing chemicals market size reached US$ 4.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Rubber processing chemicals are unique compounds that are used for improving the physical properties of natural and synthetic rubber products. Anti-degradants, accelerators, flame retardants, processing aids, vulcanizing agents, stabilizers, blowing agents and adhesion promoters are some of the most common types of chemicals that are utilized in the processing of rubber. These chemicals enhance various properties of rubber-based products, including resilience, hardness, heat and abrasion resistance and tensile strength, to make them commercially useful. They also aid in preventing damage caused by oxidation and dynamic stress. Owing to these benefits, these chemicals find extensive applications in the production of tires, linings and coatings, conveyor belts, gaskets, seals, hoses, among others.
The growing utilization of synthetic rubber products is among the key factors driving the growth of the market. Furthermore, the thriving construction, electronics, aerospace, medical and footwear industries are boosting the product adoption in the manufacturing of rubber-based sealants, insulating agents, roofing materials and floor coverings. Additionally, the growth in the automotive sector is acting as another major growth-inducing factor. These chemicals are utilized in tire manufacturing plants to maintain the quality of both pneumatic and non-pneumatic tires. Moreover, rubber accelerators are used to speed up the vulcanization process and make the rubber react more swiftly with sulfur. This bridges the gap amidst the polymer chains, thus allowing the rubber to deform when stress is applied and return to its original shape when the stress is removed. Other factors, including the development of chemicals with improved ease of handling, along with rapid urbanization, are projected to drive the market further.
IMARC Group’s latest report provides a deep insight into the global rubber processing chemicals market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the rubber processing chemicals market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rubber processing chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end-use.
Breakup by Type:
- Flame Retardants
- Processing Aids
Breakup by Application:
Breakup by End-Use:
- Tire and Related Products
- Automotive Components
- Medical Products
- Footwear Products
- Industrial Rubber Products
Breakup by Region:
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
The competitive landscape of the industry has also been examined with some of the key players being BASF SE, Akzo Nobel N.V., Arkema S.A., Behn Meyer Holdings AG, China Petroleum & Chemical Corporation, Eastman Chemical Company, Emerald Performance Materials LLC, Emery Oleochemicals Group, Lanxess AG, Merchem Limited, Solvay Group, Sumitomo Chemical Company, Vanderbilt Chemicals LLC, etc.
|Base Year of the Analysis
||Type, Application, End-Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
||BASF SE, Akzo Nobel N.V., Arkema S.A., Behn Meyer Holdings AG, China Petroleum & Chemical Corporation, Eastman Chemical Company, Emerald Performance Materials LLC, Emery Oleochemicals Group, Lanxess AG, Merchem Limited, Solvay Group, Sumitomo Chemical Company and Vanderbilt Chemicals LLC
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