22-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Rubber Process Oil Market By Type (Naphthenic, TDAE, Paraffinic, MES, DAE, and RAE & TRAE) and By Application (Rubber Processing, Adhesives & Sealants, Polymer, Consumer Products, Paints & Coatings, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global rubber process oil market was approximately USD 1.88 billion in 2018 and is expected to generate revenue of around USD 2.60 billion by 2026, at a CAGR of around 4.1% between 2019 and 2026.
Rubber process oil is used to manufacture and process multiple rubber compounds. Rubber process oil improves the diffusion of flow and fillers characteristics of compounds in further processing. Rubber process oil works as an internal lubricant and functions as a low-cost extender. It also improves the physical properties of vulcanization to reduce the end-product of rubber compounds. Rubber process oil is extracted from petroleum crude oil. The growing tire manufacturing industry across the globe and increasing demand for automotive tires are expected to drive the global rubber process oil market over the forecast time period. The demand for low-viscosity process oils for their use in various vehicles is also contributing to the global rubber process oil market. Moreover, the compatibility of rubber process oil with most of the elastomer types makes its usage spectrum broader. However, environmental concerns about non-biodegradable products usage may limit the rubber process oil market globally.
Browse the full “Rubber Process Oil Market By Type (Naphthenic, TDAE, Paraffinic, MES, DAE, and RAE & TRAE) and By Application (Rubber Processing, Adhesives & Sealants, Polymer, Consumer Products, Paints & Coatings, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/rubber-process-oil-industry
The global rubber process oil market is fragmented based on type and application. Based on type, the rubber process oil market includes naphthenic, paraffinic, TDAE, MES, RAE and TRAE, and DAE. The naphthenic segment is expected to grow notably in the future, due to its high thermal stability and good compatibility with synthetic elastomers. Naphthenic process oils are non-staining and light-colored, which are used for manufacturing various products, such as rubber, plasticizers, inks, and sealants. The application segment of the global rubber process market comprises pharmaceuticals, paints and coatings, adhesives and sealants, rubber processing, consumer products, polymer, and others. Rubber process oil is an integral part of rubber processing. Rubber processing is essential in bringing crude rubber into a state that is suitable for shaping the final product.
The Asia Pacific region is expected to hold a major share of the global rubber process oil market over the forecast time period. The flourishing tire market in India and China has resulted in the high demand for rubber process oil and increasing regional sales of automobiles are propelling the rubber process oil market in the region. The European rubber process oil market is expected to witness average growth in the years ahead, due to the implementation of the European Union directive, i.e., banning polycyclic aromatics (PCAs) usage for manufacturing tires.
Some key players operating in the global rubber process oil market are Royal Dutch Shell, Chevron Corporation, Petronas Lubricants Belgium, Nynas, ORGKHIM Biochemical, Repsol, and Hindustan Petroleum.
This report segments the global rubber process oil market into:
Global Rubber Process Oil Market: Type Analysis
Global Rubber Process Oil Market: Application Analysis
Global Rubber Process Oil Market: Regional Analysis
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