Rubber Vulcanization Market is Increasing Production of Tires and Expected to Strong Growth Upcoming Years :

Rubber Vulcanization Market Research Report - Global Forecast till 2025


Overview


The global rubber vulcanization market, during the forecast period 2016‒2025, will register growth at a CAGR of 4.94%. The market for rubber vulcanization is set to reach US$11,219.7 million by 2025. As per rubber vulcanization market analysts, the global market is anticipated to witness growth owing to the factors such as growing demand of rubber from the manufacturing sector as well as innovation of new tires. However, the rubber vulcanization market will face challenges and restraints due to imposition of stringent rules and regulations and stringent rules and regulations against rubber vulcanization during the forecast period 2016‒2025.


The development of innovative tires in the rubber vulcanization market is set to play a key role in determining the growth potential during 2016‒2025 years. Analysts have also studied the market to understand potential threats and challenges the rubber vulcanization market companies could face. Although the rubber vulcanization market is poised to grow at a fast pace across application, type, accelerators, and technique segments, factors such as the imposition of stringent rules and regulations could slow down the rubber vulcanization market's growth worldwide.


Market Segmentation


The market has been segmented into end-use, type, and technique. Based on the segment which is end-use, the market is categorized on the basis of automotive & transportation, consumer goods, healthcare, industrial, and others. The global market for rubber vulcanization is further segmented based on type into vulcanizing agent (metallic oxides, selenium, sulfur, tellurium), by accelerators (dithiocarbamate, dithiophosphate, sulfenamides, xanthates), activators, others. Furthermore, the market, on the basis of technique, is segmented into sulfur vulcanization and other curing techniques.


The global rubber vulcanization market research report covers all the aspects of the market for rubber vulcanization based on the segmental analysis of these application, type, accelerators, and technique segments. Analysts have also studied the global rubber vulcanization market's regional markets spread across many continents and countries. The application, type, accelerators, and technique segments along with their sub-segments have been analyzed and companies functioning in the rubber vulcanization market across these segments are profiled and analyzed based on input and feedback from rubber vulcanization industry based decision makers as well as primary and secondary sources. The rubber vulcanization market research report presents analysis based information for companies functioning in the rubber vulcanization market.

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Regional Overview


The hazardous impacts associated with rubber vulcanization may hinder the rubber vulcanization market growth. The market research report suggests that companies in the rubber vulcanization market could be supported by the growth of oil and gas sector as well as the expected contribution of the chemical industry during the forecast period. The rubber vulcanization industry is set to register growth at a high CAGR owing to these key factors. The rubber vulcanization market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global rubber vulcanization market research report reveals that APAC, North America, and Europe regional rubber vulcanization markets will dominate the global market for rubber vulcanization during the forecast period 2016‒2025. As per rubber vulcanization market analysts, the market is set to witness tremendous growth across automotive and transportation segments in North America which covers rubber vulcanization markets across the United States, Canada, Mexico and several other regional markets. Companies active in the rubber vulcanization market are also analyzed and studied in the rubber vulcanization market research report.


The rubber vulcanization market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the rubber vulcanization market research report covers the Asia-Pacific region covering rubber vulcanization markets from India, China, Japan, Australia, and others. The rubber vulcanization market is also spread across the rest of the world. The rubber vulcanization market report covers all such regions including the Middle East, Africa, Brazil, and others.


Competitive Landscape


Rubber vulcanization has seen increased demand over the years, due to the extensive usage of rubber in various end-user sectors and the widespread of rubber in healthcare for gloves. Companies functioning in the global rubber vulcanization market are also being challenged due to fluctuation in the prices and the fluctuating prices of the raw material. Mergers and acquisitions by rubber vulcanization market companies are anticipated to help the market during the forecast period 2016‒2025. As the rubber vulcanization market is set to register a high CAGR of 4.94% and is also anticipated to reach a US$11,219.7 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the rubber vulcanization market will see a healthy growth in the long run till 2025. Based on SWOT analysis and rubber vulcanization market’s analysis based on Porters’ Five Force Model presented in the rubber vulcanization market report. Mergers and acquisitions by rubber vulcanization market companies are anticipated to help the market during the forecast period 2016‒2025. 


Market Research Future (MRFR) recognizes LANXESS (Germany), Eastman Chemical Company (US), BASF SE (Germany), Arkema SA (France), Kumho Petrochemical (South Korea), Sumitomo Chemical Co., Ltd. (Japan), Willing New Materials Technology Co., Ltd (China), Duslo, a.s. (Slovakia), Shandong Stair Chemical & Technology Co., Ltd (China) and King Industries, Inc (US) as the key players in the global rubber vulcanization market.


Industry News


Michelin North America, Inc. has reached a binding contract to purchase Oliver Rubber Company, a Cooper Tire & Rubber Company subsidiary that manufactures tread rubber as well as retreading devices. The transaction will be finalised after the parties have received all requisite required requirements. Oliver will become a division of Michelin North America, Inc. after the takeover. This transaction would enable Michelin to expand its presence in the increased business retreading market by combining Oliver's manufacturing capabilities and transport system with those of Michelin Retread Technologies (MRT).