The Global Rubber Processing Chemicals Market is estimated to value over USD 6.4 billion by 2029 end and is projected to register a CAGR of over 4% during the forecast period 2019 to 2029.
Global Rubber Processing Chemicals Market Introduction
The demand for rubber products has increased globally, especially in the automotive sector, who is experiencing a surge in the North American market region. There has been a soaring demand for tires resistant to mechanical stress and heat which has invariably risen the demand for rubber processing chemicals worldwide.
Global Rubber Processing Chemicals Market Overview
Based on the type of products, the market is bifurcated into anti-degradants, accelerators, flame retardants and processing aid. Flame retardant is a rapidly growing segment and is expected to witness similar growth trend during the forecast period. It is prominently used in the coating manufacturing, textiles, plastics and surface finishing thus boosting the market growth.
Application-wise, the market is categorised as tire and non-tire. The tire segment holds around three quarters of total rubber processing chemicals sales worldwide.
Global Rubber Processing Chemicals Market Regional Insight
The global rubber processing chemicals market is regionally bifurcated into Asia Pacific, North America, Europe, Latin America and rest of the world. The North American region is expected to showcase moderate market growth owing to stringent government regulations. However, processing aids like blowing agent and curing shall assist in the augmentation of the market.
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Global Rubber Processing Chemicals Market Segmentation
- By Region
- Asia Pacific
- North America
- Latin America
- Rest of the World
- By Product
- Flame Retardants
- Processing Aid
- By Application
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- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
Key Market Players:
- BASF SE
- Crofa International PIC
- Arkema SA
- Kumho Petrochemical Co. Ltd.
Objectives of the Study:
- To provide with an exhaustive analysis on the rubber processing chemicals market by region, by product, by application
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)— Asia Pacific, North America, Europe, Latin America and rest of the world
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
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