According to the latest report by IMARC Group, “Global Rubber Additives Market Growth, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global rubber additives market reached a value of US$ 5.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.70 Billion by 2027 exhibiting a CAGR of 4.30% during 2022-2027.
Rubber additives represent the ingredients that are added to natural and synthetic latex to obtain desirable properties. They generally include lubricants, protectants, stabilizers, emulsions, tackifiers, process aids, curing agents, antioxidants, surfactants, polymers, vulcanizing agents, etc. Rubber additives comprise of plasticizers and fillers that improve durability and performance, enhance flexibility, provide flow, minimize compound viscosity, etc. Presently, manufacturers are offering an innovative range of product variants, such as dispersions for eliminating cross-contamination of dry pigments. Consequently, rubber additives are extensively utilized in tires, electric tables, conveyor belts, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Rubber Additives Market Trends and Drivers:
The widespread product adoption in the construction of residential and commercial buildings, on account of its heat-, mechanical stress-, and vibration-resistant properties, is among the key factors driving the rubber additives market.
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Additionally, the introduction of specialty lubricants for improving the endurance, efficiency, and performance of rubber compounds is further catalyzing the market growth. Besides this, the increasing utilization of rubber additives in the agriculture industry for making hoses that aid in the optimal distribution of water across the fields, owing to the emerging trend of smart irrigation practices, is acting as another significant growth-inducing factor.
Moreover, the growing investments by government bodies in the refurbishment of aging grid infrastructures and establishing sustainable electricity transmission and distribution (T&D) networks are projected to fuel the rubber additives market in the coming years.
Global Rubber Additives Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Akrochem Corporation, Arkema S.A., BASF SE, Behn Meyer Holding AG, China Petroleum & Chemical Corporation, China Sunsine Chemical Holdings Ltd., Eastman Chemical Company, Lanxess AG, Nocil Ltd., Solvay S.A., Struktol Company of America LLC (Schill + Seilacher GmbH), Sumitomo Chemical Co. Ltd. and Thomas Swan & Co. Ltd.
The report has segmented the market on the basis of region, type, rubber type and application.
Breakup by Type:
- Vulcanization Inhibitors
Breakup by Rubber Type:
- Natural Rubber
- Synthetic Rubber
Breakup by Application:
- Conveyor Belts
- Electric Cables
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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