The latest research study by IMARC Group, “Rubber Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global rubber additives market size. 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 Industry Outlook:
Rubber additives are ingredients added to synthetic or natural latex with a combination of other chemicals to enhance structural or mechanical properties. Some commonly used rubber additives include tires, wires, cables, insulation, tapes, gaskets, conveyor belts, and roll covers. They include tackifiers, process aids, lubricants, protectants, stabilizers, surfactants, polymers, curing agents, antioxidants, chain transfer agents, and modifiers to control molecular weight. They also comprise fillers to enhance durability and performance and plasticizers to improve flexibility and flow while reducing compound viscosity. At present, manufacturers are providing an innovative range of rubber additives like dispersions that eliminate cross-contamination of dry pigments, enhance color consistency, and increase product quality, depending on the specific requirements of end users.
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Market Trends:
The market is primarily driven by the rising adoption of rubber additives in the production of long-lasting, durable tires. In addition, the surging sales of vehicles, due to the increasing disposable incomes of consumers, is providing a thrust to market growth. Moreover, rubber is utilized in the construction of commercial and residential buildings due to its mechanical stress, heat, and vibration-resistant properties.
Furthermore, the increasing product utilization in the agriculture industry for making hoses, which aid in the optimal distribution of water across the fields, is also accelerating the product adoption rate. Additionally, rubber additives are used in electricity transmission and distribution (T&D) networks to protect against the hazardous impact of electricity.
Other factors, including rapid industrialization, extensive research, and development (R&D) activities and product innovations conducted by key players, and rising investments by various governing agencies, are creating a positive market outlook across the globe.
Key Market Segmentation:
The report has segmented the global rubber additives market on the basis of type, rubber type, application and region.
Breakup by Type:
- Activators
- Accelerators
- Vulcanization Inhibitors
- Plasticizers
- Others
Breakup by Rubber Type:
- Natural Rubber
- Synthetic Rubber
Breakup by Application:
- Tire
- Conveyor Belts
- Electric Cables
- Others
Breakup by Geography:
- 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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List of Key Companies Covered in this Market Report:
The major players in the market are 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.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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