The global Rubber Processing Chemicals Market accounted for USD 4.87 Billion in 2020 and is expected to reach USD 6.72 Billion by 2028, growing at a CAGR of 4% from 2021 to 2028.
Market Overview
The global Rubber Processing Chemicals Market accounted for USD 4.87 Billion in 2020 and is expected to reach USD 6.72 Billion by 2028, growing at a CAGR of 4% from 2021 to 2028.
The worldwide rubber processing chemicals market is expanding progressively all across the globe as a result of the rising stipulation across the tires industry and from other different end-use industries. Key firms are involved in constant R&D activities and product innovation on account of strict environmental guidelines. The market is distinguished by new product expansions and launches, as companies are attempting to enlarge their customer base. For example, Chemtura, in April 2016, declared the capacity extension of Adiprene LF MDI polyurethane elastomers production unit in Latina, Italy. This project will provide enhanced processing over MbOCA-free alternatives in the urethane applications.
COVID-19 Impact Analysis:
Due to government-imposed lockdowns to prevent the spreading of COVID, the Rubber Processing Chemicals industry has seen a small decrease in revenues in the short term. Because of the increasing infections and curbs, sales of chemicals are likely to suffer across the globe. Owing to the pandemic, paints & coatings, adhesives, composites, and electronic encapsulation industries have been shut down across all economies, potentially reducing the production and its usage. However, amid the pandemic, there has been a surge in product demand for applications such as paints and coating, and electronic encapsulation, which in turn, provides an opportunity post covid. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.
Growth Factors
Rubber is used to manufacture a variety of products such as gloves, tires, mats, flooring, pipes, and belts. Its improved resistance against the effects of heat, sunlight, oxygen, mechanical stress, and ozone is leading the global market growth. Owing to growing domestic demand for automobiles and an extensive network of automotive manufacturers, the rubber processing chemical market in the U.S. is witnessing a surge.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Segment Analysis Preview
The rubber processing chemicals market can be segmented based on type and application. On the basis of types, the rubber processing chemicals market can be segmented as flame retardants, anti-degradants, processing aid and accelerators. Some of the wide spread applications of rubber processing chemicals are non tire and tire.
Regional Analysis Preview
North America and Europe were the primary markets in 2018 for the rubber processing chemicals market and Europe is projected to observe considerable expansion over the near future. Nevertheless, strict regulations passed by North America’s government on the rubber processing may hamper the rubber processing chemicals market growth in this region.
The rising requirement for rubber processing chemicals in Germany as a result of its numerous end-user applications like automobile industry might propel the growth of the rubber processing chemicals market in Europe. The mounting R&D spending for rubber processing chemicals owing to laws implemented by the government and strong friendship owing to the existence of several substitute products and vendors is anticipated to drive the rubber processing chemical market.
Key Market Players & Competitive Landscape
Key participants profiled in the report include R.T. Vanderbilt Company, Inc, Emerald Performance Materials, LANXESS Corporation, Chemtura Corporation, Solvay SA, Eastman Chemical Company, Emery Oleochemicals Llc, Behn Meyer Group, Akzonobel N.V, China Petroleum & Chemical Corporation are some of the major players in the rubber processing chemical market.
The global Rubber Processing Chemicals Market are segmented as follows:
By Application
By Type
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Rubber Processing Chemicals Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 7. Global Rubber Processing Chemicals Market for Tire, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Tire, By Country, 2020 & 2028
FIG NO. 9. Global Rubber Processing Chemicals Market for Non-Tire, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Non-Tire, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 12. Global Rubber Processing Chemicals Market for Flame retardants, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Flame retardants, By Country, 2020 & 2028
FIG NO. 14. Global Rubber Processing Chemicals Market for Anti-degradants, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Anti-degradants, By Country, 2020 & 2028
FIG NO. 16. Global Rubber Processing Chemicals Market for Processing aid, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Processing aid, By Country, 2020 & 2028
FIG NO. 18. Global Rubber Processing Chemicals Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Rubber Processing Chemicals Market for Others, By Country, 2020 & 2028
FIG NO. 20. Global Rubber Processing Chemicals Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21. North America Rubber Processing Chemicals Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 22. Porter’s Five Forces Analysis for Global Rubber Processing Chemicals Market
FIG NO. 23. PEST Analysis for Global Rubber Processing Chemicals Market
FIG NO. 24. Pricing Analysis for Global Rubber Processing Chemicals Market
FIG NO. 25. Value Chain Analysis for Global Rubber Processing Chemicals Market
FIG NO. 26. Company Share Analysis, 2019
FIG NO. 27. Radar Determinant Chart, 2019
FIG NO. 28. Company Strategic Developments – Heat Map Analysis
FIG NO. 29. Business Segment Revenue Share, 2020 (%)
FIG NO. 30. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31. Market Channels
FIG NO. 32. Marketing Channel Development Trend
FIG NO. 33. Growth in World Gross Product, 2008-2018
FIG NO. 34. Research Methodology – Detailed View
FIG NO. 35. Research Methodology
List of Tables
TABLE NO. 1. Global Rubber Processing Chemicals Market: Snapshot
TABLE NO. 2. Quarterly Rubber Processing Chemicals Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Rubber Processing Chemicals Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Rubber Processing Chemicals Market for Tire, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Rubber Processing Chemicals Market for Non-Tire, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Rubber Processing Chemicals Market for Processing aid, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Rubber Processing Chemicals Market for Flame retardants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Rubber Processing Chemicals Market for Anti-degradants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Rubber Processing Chemicals Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global Rubber Processing Chemicals Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Rubber Processing Chemicals Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Rubber Processing Chemicals Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Rubber Processing Chemicals Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Rubber Processing Chemicals Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Rubber Processing Chemicals Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Rubber Processing Chemicals Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Rubber Processing Chemicals Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Rubber Processing Chemicals Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Rubber Processing Chemicals Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Drivers for the Rubber Processing Chemicals Market: Impact Analysis
TABLE NO. 23. Restraints for the Rubber Processing Chemicals Market: Impact Analysis
TABLE NO. 24. Major Buyers
TABLE NO. 25. Distributors/Traders List
TABLE NO. 26. Global Rubber Processing Chemicals Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 27: Global Rubber Processing Chemicals Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Rubber Processing Chemicals. Zion Research has collected and analyzed key data belong to the global Rubber Processing Chemicals using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Rubber Processing Chemicals across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Rubber Processing Chemicals industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Rubber Processing Chemicals market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Rubbers also known as elastomers are the polymers with elastic and deformation properties. Rubber processing is the technique of processing the rubber to finished products by using various steps such as compounding, mixing, vulcanizing and shaping. About 70% of the rubber products present in the market utilizes synthetic rubber.
Rubber processing chemicals enhance the rubber properties in terms of heat resistance, water, and mechanical stress resistance. Therefore, rubber processing chemicals find applications in various industries such as in rubber and automobile industries which are expected to drive the market growth of rubber processing chemicals in the coming years. Rubber based products such as tire, mats, hoses, floor, gloves and belts are highly consumed across the globe. This has led to the high growth of rubber industry in turn exhibiting growth of rubber processing chemicals market in the coming years. Stringent regulations imposed by the governing bodies on harmful emissions exhaled out during rubber processing may hinder the rubber processing chemical market growth in the forecast period. Nevertheless, increasing demand for bio-based rubber along with growing demand for rubber processing chemicals from the emerging countries is likely to open the new avenue for rubber processing chemicals market in the coming years.
On the basis of types, the rubber processing chemicals market can be segmented as flame retardants, anti-degradants, processing aid and accelerators. Anti- degradants emerged as the potent segment among all in 2015 owing to its extensive properties when mixed with accelerators for obtaining high tensile strength, better finishing. Anti- degradants are generally blended with accelerators during vulcanization process. Numerous applications of rubber processing chemicals are non tire and tire. The tire was the major segment with the highest percentage of market share in 2015. Mostly tire is used in automobile industry. This factor has led to the increase in demand for the tire which in turn is expected to drive the demand for rubber processing chemicals market in the near future.
Asia-Pacific is expected to witness predominant growth for the rubber processing chemicals within the forecast period. China accounted for the largest share of the rubber processing chemical market due to the presence of huge consumers for rubber processing chemicals in this region. Also, growing rubber industry in China is likely to trigger the demand for rubber processing chemical market owing to the high use of rubber processing chemicals in the rubber industry. Europe was the second largest market for rubber processing chemicals followed by North America in 2015. This was mainly due to high demand for rubber processing chemicals from the automobile industry. However, various stringent rules led by the governing bodies are likely to impact the growth of rubber processing chemicals market in North America. Latin America is anticipated to show decent growth over the coming years owing to growing rubber industry in Brazil. The Middle East and Africa are likely to exhibit lucrative growth in the forecast period.
Some of the global major players in the rubber processing chemicals are R.T. Vanderbilt Company, Inc, Emerald Performance Materials, LANXESS Corporation, Chemtura Corporation, Solvay SA, Eastman Chemical Company, Emery Oleochemicals Llc, Behn Meyer Group, Akzonobel N.V, China Petroleum & Chemical Corporation.
Request the coronavirus impact analysis across industries and markets
The global Rubber Processing Chemicals Market was valued at USD 4.87 Billion in 2020.
The global Rubber Processing Chemicals Market is expected to reach USD 6.72 Billion by 2028, growing at a CAGR of 4% between 2021 to 2028.
Rubber is used to manufacture a variety of products such as gloves, tires, mats, flooring, pipes, and belts. Its improved resistance against the effects of heat, sunlight, oxygen, mechanical stress, and ozone is leading the global market growth.
North America in 2020 ruled the Rubber Processing Chemicals Market and was believed to be the highest income-generating area all over the globe.
Key participants profiled in the report include R.T. Vanderbilt Company, Inc, Emerald Performance Materials, LANXESS Corporation, Chemtura Corporation, Solvay SA, Eastman Chemical Company, Emery Oleochemicals Llc, Behn Meyer Group, Akzonobel N.V, China Petroleum & Chemical Corporation are some of the major players in the rubber processing chemical market.
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