MARKET INTRODUCTION
Rubber additives are various kinds of chemicals or agents added during the processing and synthesis of rubber polymers. These additives generally include sulfur, sulfonamide, carbon black, thiazoles, silica, amines, silanes, aliphatic esters, and many other chemical compounds. Rubber additives are added during the vulcanization process for enhancing the structural and mechanical properties of the final product. Every additive has its own function, which imparts the respective property to the final rubber product. The quality of rubber is dependent on the number of additives added during the processing of rubber. Rubber additives find applications in tires, wires & cables, insulation, tapes, gaskets, conveyer belts and roll coverings, among others. The growing demand of high-quality rubber from various end-use industries is expected to drive the market growth during the forecast period.
MARKET DYNAMICS
The rapid growth of the automotive industry has created an upsurge in the demand for rubber additives for the manufacturing of tires as well as other rubber products. Additives are largely comprised of fillers and there has been a rise in the demand for rubber additives from the tire industry, which is projected to support the demand for rubber additives over the forecast period. With the growing population, increasing disposable income and increased spending by the consumers, the demand for automobiles has increased which in turn has led to the increased demand for rubber additives. These chemicals add superior qualities to the rubber which is used to manufacture tire and other related products. Apart from this the growing demand of rubber additives for non-tire applications is also propelling the growth of market. These chemicals are used in the tape manufacturing which performs as a thermal insulation material. Additives used are known as a curative which comprises of vulcanizing agent and accelerators. Rubber is a bad conductor of electricity. Hence, it is one of the preferential insulation materials. Most of the rubber undergoes a course of vulcanization and curing, which reports a permanent change and provides a rubber heat stable. However, stringent environmental regulation related to rubber manufacturing and use of these additives is the major factor hindering the rubber additives market. In order to overcome these challenges manufacturers are involved in intense R&D activities. Growing focus on innovations and developing new sets of additives to maximize the performance of end products is expceted to provide lucrative opportunities for rubber additive market.
MARKET SCOPE
The "Global Rubber Additive Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rubber additive with detailed market segmentation by type, applictaion, end-use industry and geography. The global rubber additive market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rubber additive market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global rubber additive market is segmented on the basis type, applictaion and end-use industry. On the basis of type the rubber additive market is segmented into antidegradants, accelerators, and others. By application the rubber additive market is segmented into tire and non-tire. By end-use industry the rubber additive market is segmented into automotive, building & construction, wire & cable, and others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global rubber additive market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The rubber additive market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the rubber additive market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rubber additive market in these regions.
MARKET PLAYERS
The reports cover key developments in the rubber additive market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from rubber additive market are anticipated to lucrative growth opportunities in the future with the rising demand for rubber additive in the global market. Below mentioned is the list of few companies engaged in the rubber additive market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rubber additive market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- LANXESS AG
- SOLVAY SA
- AKZONOBEL N.V.
- ARKEMA SA
- BASF SE
- CHINA PETROLEUM AND CHEMICAL CORPORATION
- EASTMAN CHEMICAL COMPANY
- EMERY OLEOCHEMICALS LLC
- BEHN MEYER GROUP
- R. T. VANDERBILT COMPANY, INC.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.