30-Dec-2019 | Zion Market Research
The top players of the rubber processing chemicals market are R.T. Vanderbilt Company, Inc, AkzoNobel N.V., Behn Meyer Group, Solvay SA, Chemtura Corporation, Emerald Performance Materials, Eastman Chemical Company, Emery Oleochemicals Llc, LANXESS Corporation, and China Petroleum & Chemical Corporation.
In accordance with the report, the rubber processing chemicals market globally was valued at about USD 3.71 Billion during 2015 and is projected to reach more than USD 5.10 Billion by 2021, likely to develop with CAGR 5.2% through 2016–2021.
This review is based on a report by Zion Market Research, titled “Rubber Processing Chemicals Market (Flame Retardants, Anti-Degradants, Processing Aid and Accelerators) for Non Tire and Tire Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021.”- Report at https://www.zionmarketresearch.com/report/rubber-processing-chemicals-market
Increasing Demand From The Tires Industry To Boost The Global Rubber Processing Chemicals Market
The rubber processing chemicals market worldwide is growing increasingly due to the rising prerequisite across the tires industry and from different end-user industries. The leading companies are carrying R&D activities constantly and product developments on account of severe environmental guidelines. The market is categorized by novel product developments and launches since companies are trying to expand their customer base. For instance, Chemtura, during April 2016, announced the capacity expansion of Adiprene LF MDI polyurethane elastomers industrialized division in Latina (Italy). This venture will offer improved processing over MbOCA-free substitutes in the urethane applications.
Augmenting Industrialization To Propel The Rubber Processing Chemicals Market Across Asia-Pacific
During 2015, the largest market stake was possessed by Asia-Pacific and was stated to be the highest revenue gaining region for the rubber processing chemicals market. Principally, this can be contributed by the increased demand for rubber processing chemicals across China and India. China was marked for the largest market share globally owing to the increasing rubber industry in this area.
Moreover, the rising industrialization in the Asia-Pacific region is likely to drive the rubber processing chemicals market development in the future. The rubber industry is widely expanding its base over Asia-Pacific, thereby, reinforcing the growth of rubber processing chemicals market.
Increasing Demand From End-User Applications To Boost The Rubber Processing Chemicals Market
In 2015, Europe and North America were the primary markets for the rubber processing chemicals market. In the coming few years, Europe is estimated to report substantial expansion. Nonetheless, severe regulations approved by North America’s administration on the rubber processing might impact the rubber processing chemicals market augmentation in this region.
In Germany, the rising need for rubber processing chemicals due to its abundant end-user applications such as the automobile industry might result in the growth of the rubber processing chemicals market across Europe. The increasing R&D ventures for rubber processing chemicals due to regulations executed by the administration and robust collaboration as a result of the existence of many substitute products and suppliers are estimated to spur the rubber processing chemical market.
This report segments the rubber processing chemicals market as follows:
Rubber Processing Chemicals Market: Type Analysis
Rubber Processing Chemicals Market: Application Analysis
Rubber Processing Chemicals Market: Regional Analysis
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