"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Rubber processing chemicals are the specialty chemicals that are used to enhance the chemical and physical properties of rubber. These chemicals improve the resistance of rubber to temperature, ozone, oxidation, sunlight, and mechanical stress. It also improves the resilience, mechanical strength, abrasion, tensile strength and hardness of rubber. The chemicals used for rubber processing are generally antidegradants, anti-scorch agents, accelerators, blowing agents adhesion promoters and others.
Increasing demand for tires, rubber belts, wipers blades, hoses from automotive sector is expected to drive the market. Expending automobile industry shall positively impact the market. Additionally, increasing demand for rubber for non-tire application floor coverings, sealants, roofing materials and others is expected to fuel market growth.
However, rubber chemicals involved in processing release harmful VOCs. Stringent regulations imposed by government regarding emission of VOCs is expected to hinder the market growth.
Key Market Driver -
Increasing demand from automotive sector.
Key Market Restraint -
Stringent regulation regarding emission of VOCs.
Based on Type, the global rubber processing chemicals market is segmented into antidegradants, accelerators, adhesion promoters, blowing agents, anti-scorch agents, polymerization regulators, and others. Based on application, market is segmented into tire and non-tire applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global rubber processing chemicals market consists of global & regional players operating. Some of the key players in the market include BASF SE, Solvay, Lanxess, Arkema, Eastman Chemical Company, PMC Rubber Chemicals India Private Limited, Merchem Limited, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the largest share in market in 2017 attributed to the rapid industrialization in China, India, Thailand and other Asian countries. Additionally, the increasing demand for the rubber processing chemicals from non-tire applications shall drive the regional market. North America is estimated to show substantial growth due to the rise in constructional activities and demand for flooring and roofing applications. Europe is anticipated to show considerable growth due to the high demand from automotive sector. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
By Type |
|
By Application |
|
By Geography |
|
US +1 833 909 2966 ( Toll Free )