Rubber is a common polymer that is mainly categorized as synthetic rubber and natural rubber. Natural rubber contains only the monomers of isoprene while synthetic rubbers might contain several types of monomers. Moreover, natural rubber is considered as a coagulated latex achieved from various types of trees which are grown in the wilds and tropics. The synthetic rubber is extracted by mixing styrene and butadiene that are the two major by-products of petroleum refining. Around 70% of the rubber being consumed across the globe belongs to the category of synthetic rubbers. In addition, manufacturers of synthetic rubbers adapt to diverse chemical formulations to achieve specific requirements of several end-use industries. Rubber is processed by using several types of chemicals in order to produce crucially useful products including automobile tires and rubber mats. The rubber processing chemicals aids in enhancing the resistance of rubber against the ill-effects of oxidation, heat, ozone, sunlight and other mechanical stress. Rubber processing chemicals also helps in improving the total process of vulcanization. Rubber processing chemicals involves a broad range of products including accelerators, anti-degradants and processing aids among others.
Increasing population across the globe coupled with rise in spending abilities and purchasing power among various consumers has bolstered the overall demand for rubber processing chemicals in automobiles. Rubber processing chemicals play a vital role in improving the properties of rubber for its use in production of automobile tires. Hence, the rising automobile industry is anticipated to augment the total growth of global rubber processing chemicals market. In addition, increasing technological advancements in the manufacture of automotive tires is another major factor accelerating the growth of rubber processing chemicals market. Rubber processing chemicals does not only add superficial qualities to rubber but also improves the overall manufacturing process of raw material for other applications such as manufacturing of door mats. However, factors such as increasing environmental norms and stringent governmental regulations are anticipated to hamper the growth of global rubber processing market over the forecast period.
The global rubber processing chemicals market can be segmented on the basis of type, application and region. On the basis of type, the global rubber processing chemicals market can be segmented into flame retardants, anti-degradants, processing aids and accelerators. On the basis of application, the global rubber processing chemicals market can be segmented into tire and non-tire. By region, the global rubber processing chemicals market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. The demand in Asia-Pacific is analyzed to be the major driving factor for the growth of global market. China is anticipated to account for the largest share and lead the overall demand owing to the increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.
Major players operating in the global rubber processing chemicals market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global rubber processing chemicals market include Eastman Chemical, Emerald Performance Materials, R.T. Vanderbilt Company, Inc., Chemtura Corporation and LANXESS Corporation among others.
Market by Type
· Flame retardants
· Processing aids
Market by Application
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop
The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Increasing demand for lightweight and durable products for different parts, incl
The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Also re
According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate
According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d
Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Ins