Rubber Processing Chemicals Market Research Report – Forecast to 2027

Rubber Processing Chemicals Market:  Information by Type (Antidegradants, Accelerator, Adhesion Promoters, Blowing Agents, Anti-Scorch Agents, Polymerization Regulators and Others), Application (Tire and Non-Tire) and Region - Forecast till 2027

ID: MRFR/CnM/4857-HCR | February 2021 | Region: Global | 100 pages

Rubber Processing Chemicals Market Overview

Rubber processing chemicals are specialty chemicals used to improve the resistance of rubber to heat, oxidation, ozone, mechanical stress, and sunlight. Rubber processing chemicals enhance the properties of rubber to provide good resilience, hardness, abrasion resistance, and tensile strength. Some of the rubber processing chemicals include antidegradants, accelerators, processing aids, stabilizers, blowing agents, and adhesion promoters. The product is used in tire and non-tire applications; the tire application segment accounted for the larger market share in 2017 due to the growing demand in the transportation sector.


The growth of the global rubber processing chemicals market is driven by the rapidly expanding automotive industry across the globe. Rubber processing chemicals are increasingly being used in the automotive industry in tires, wiper blades, and belts and hoses. With the increase in automobile production, especially in developing nations such as India, China, and Thailand, the rubber processing chemicals market is likely to witness significant growth in the coming years. Global automotive production grew by approximately 2.5% in 2017 from 2016 and is expected to register a healthy CAGR during the review period.


The consumption of rubber processing chemicals is rising in the construction industry due to the increasing use in floor coverings, sealants, and roofing materials for heat and weather resistance and improved aesthetics. The growing construction industry with rising residential and commercial construction is likely to drive market growth during the forecast period.


The increasing use of rubber processing chemicals in footwear coupled with changing fashion trends and growing per capita income is likely to drive market growth during the review period. However, stringent environmental regulations to mitigate the harmful impact of rubber processing chemicals is likely to hamper market growth in the coming years. 


Global Rubber Processing Chemicals Market Share, by Application, 2017 (%)


Rubber Processing Chemicals Market Share


Regional Analysis


The market in Asia-Pacific accounted for the largest share of the rubber processing chemicals markets in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Market growth is largely influenced by increasing automobile production as a result of surging demand and rising per capita incomes. Furthermore, increasing residential and commercial construction as a result of urbanization is expected to drive the growth of the rubber processing chemicals market in Asia-Pacific.


North America is another prominent market for rubber processing chemicals owing to increasing construction spending in the region. Rising residential construction coupled with the prevalence of easy mortgage regimes are driving the growth of the regional market. The consumption of rubber processing chemicals is increasing in aircraft tires with the growing demand for small wide-body passenger airplanes.


The European market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles. Additionally, market growth is driven by the growing demand for leather footwear coupled with changing fashion trends.  


The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The market in the Middle East & Africa is likely to grow at a considerable rate in the coming years with rapid industrialization.


Segmentation


The global rubber processing chemicals market has been segmented by type, application, and region.


On the basis of type, the market has been segmented into antidegradants, accelerators, processing aids, adhesion promoters, blowing agents, anti-scorch agents, stabilizers, polymerization regulators, and others. The accelerators segment has been further sub-segmented into primary and secondary accelerators.


Based on application, the market has been segmented into tire and non-tire.


Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global rubber processing chemicals are BASF SE (Germany), Lanxess (Germany), Solvay (Belgium), Arkema (France), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Henan Xuannuo Imp & Exp Co., Ltd (China), Vanderbilt Chemicals, LLC (US), Merchem Limited (India), PMC Rubber Chemicals India Private Limited, PMC Group, Inc. (India), Nocil Limited (India), and Behn Meyer (Germany).


Industry News


Yokohoma Tires has introduced has 2 new tires for medium trucks in the 19.5-inch range.


Skechers and the Goodyear Rubber & Tire Co. are collaborating for bringing the technology of the latter in its footwear collection. This can lead to good shoes which have higher durability and stability through various climes.


Intended Audience



  • Rubber processing chemicals manufacturers

  • Traders and distributors of rubber processing chemicals

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2020–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, application, and region
  Geographies Covered    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Key Vendors   BASF SE (Germany), Lanxess (Germany), Solvay (Belgium), Arkema (France), Eastman Chemical Company (US), Emery Oleochemicals (Malaysia), Henan Xuannuo Imp & Exp Co., Ltd (China), Vanderbilt Chemicals, LLC (US), Merchem Limited (India), PMC Rubber Chemicals India Private Limited, PMC Group, Inc. (India), Nocil Limited (India), and Behn Meyer (Germany).
  Key Market Opportunities   Rubber processing chemicals enhance the properties of rubber to provide good resilience, hardness, abrasion resistance, and tensile strength.
  Key Market Drivers   The growing construction industry with rising residential and commercial construction is likely to drive market growth during the forecast period.


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Frequently Asked Questions (FAQ) :


The market growth would be hindered by strict environmental regulations.

The automotive industry, footwear, construction industry, and others are expected to create market demand.

The Asia Pacific rubber processing chemicals market has the charge.

The European market would be driven by the automotive industry.

The types are accelerators, antidegradants, adhesion promoters, processing aids, anti-scorch agents, blowing agents, polymerization regulators, stabilizers, and others.