Global rubber chemicals market was valued at US$ 4539.62 million in 2020 and is expected to reach US$ 6601.94+ million by 2030, growing at a CAGR of 4.3% over the forecast period. Absolute Markets Insights has presented a statistical data to its extensive repository titled Rubber Chemicals market. The study comprises different segments and sub-segments such as type, size, applications, and end-users. One of the many distinctive features of the report is it provides an analytical study of the global Rubber Chemicals market based on various growth influencing factors. Primary and secondary research techniques have also been used by analysts of the report to study the market. Moreover, the report offers the entire demand-supply chain of a Rubber Chemicals market to comprehend the demanding structure of the Rubber Chemicals sector. In this effective and informative report, top-notch industries have been enlisted to provide a comprehensive analysis of successful strategies of various companies.
Key Players Operating in Global Rubber Chemicals Market: Assochem, Brenntag North America, Inc., China Sunsine Chemical Holdings Ltd., Eastman Chemical Company, Kemai Chemical Co.,Ltd., LANXESS, NOCIL LIMITED., PMC Rubber Chemicals India Private Limited, Polmann India Ltd., Shandong Yanggu Huatai Chemical Co., Ltd.
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In the type segment synthetic rubber will lead market in terms of revenue over the forecast period. Earlier rubber was prepared naturally and only one type of natural rubber induced with chemicals is distributed in the market. Most of the chemicals are used during manufacturing of synthetic rubber which are then used for various applications. Thus synthetic rubber segment will lead the market growth over the period.
Chemicals that process rubber play an important role in improving the overall performance of rubber products, in various product segments rubber chemicals are used. Anti-degradant are used at a large scale in the market during vulcanization process, anti-degradants are mixed with natural rubber to get better results, improved tensile strength, better finishing, and high resistance from heat. The major anti-degradants used in the vulcanization process vary with different formulations depending on the product requirement.
For various purposes, distinct forms of rubber are used of this the largest application segment is tyre production. The primary functions of automotive tyres are to provide fair protection and performance with grip, resist abrasion, and transport loads. A substantial growth in the number of vehicles, particularly in the Asia Pacific region, is one of the major factors driving the demand for rubber chemicals. While the market is dominated by the use of tyres other uses are also driving the growth of rubber chemicals.
The tyre industry will lead the market in terms of revenue over the forecast period. Rubber chemicals are of tremendous importance while manufacturing tyres, these chemicals provide protection to the tyres and exhibit certain properties which provide grip thus increasing the performance of tyres. Apart from this rubber chemicals have wide applications in the construction industry.
Global Rubber Chemicals Market: Key Segmentation
By Type
- Natural Rubber
- Synthetic Rubber
By Offering
- Antidegradants or Antioxidants
- Px 13 (6 PPD)
- TDQ (TMQ)
- Others
- Flame Retardants
- MBT
- MBTS
- CBS
- MOR
- TMT
- TBBS (NS)
- DCBS
- PVI
- Others
- Accelerators
- Active Ingredients
- Amides
- Others
- Processing Aid/Promoters
- Antiozonants
- Retarders and Peptizers
- Others
By Application
- Belting
- Footwear Manufacturing
- Molded Rubber Goods
- Profile and Hoses
- Seals and Gaskets
- Rubber Compounds
- Medical Parts
- Latex Goods
- Tires
- Wire and Cable
- Industrial Cleaners
- Metalworking Operations
- Others
By Industry
- Automotive
- Tyre Industry
- Construction
- Floor Coverings
- Roofing Component
- Insulators
- Sealants
- Others
- Consumer Goods
- Electronic
- Medical
- Aerospace
- Personal Care
- Lubricity and Slip
- Solvent
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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