Chemical Accelerator Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

An accelerator is a material which is once mixed with a catalyst and resin, initiates the chemical reaction between catalyst and the resin. It is used in the polymerization of resin or vulcanization of rubbers. They are also known as promoters when used with polyester resins and vulcanizing agents when used with rubbers. The major applications of chemical accelerators are chemical production, medical and other.

Market Dynamics

The growing demand for chemical, healthcare and oil & gas industry is expected to drive the demand for chemical accelerators market globally. In addition, rising demand for chemical accelerator in emerging economies is expected to change the dynamics of market in near future. However, stringent regulatory policies and volatile prices of raw material are the restraining factors to the growth of market.

Market Classification and Overview

The chemical accelerators market is segmented on the basis of product type, application, and geography. The major applications of chemical accelerator include chemical production, medical and others. The chemical production application segment accounted for the majority share in 2016. This demand is attributed by the demand for chemicals from various end-use industries such as water treatment, construction, agrochemicals, and many others. In medical industry, the chemical accelerators are majorly used for the production of medical gloves. There are three main classes of chemical accelerators: Thiurams, mercaptobenzothiazoles, and Dithiocarbamates (Carbamates) which are used in the manufacturing of gloves, either individually or in combination. The market is also divided on the major product types such as primary accelerators and secondary accelerators.

Regional Overview

The market for chemical accelerators is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the key contributors to the market growth in 2016. North America was the second largest market which was followed by Europe. The market for chemical accelerators in North America is further projected to witness highest growth in coming years. In addition high growth opportunities for chemical accelerators is expected from the MEA and Latin America region.

Report Coverage

Market Participants

Lanxess AG, Akzonobel N.V, Emery Oleochemicals LLC, BASF SE, Arkema SA, Eastman Chemical Company, Solvay SA, R.T. Vanderbilt Company, Inc, China Petroleum & Chemical Corporation (Sinopec Corp.), and Behn Meyer Group are few key players operating in the chemical accelerators market. In addition, the global chemical accelerators market is witnessing rapid growth with the entry of a number of local and regional players. However, these new players are facing stiff competition from established market players due to technological advantage, and quality of service from international players. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Product Type

·         Primary Accelerators

·         Secondary Accelerators

Market By Application

·         Chemical Production

·         Medical

·         Ohers

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA