Rubber Processing Chemicals Market Research Report – Forecast to 2030

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 2030

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

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Rubber Processing Chemicals Market Overview


As per the research reports by MRFR, the global market for rubber processing chemicals is projected to grow substantially during the assessment era.


Rubber processing chemicals refer to specialty chemicals used to enhance rubber resistance to sunlight, mechanical stress, heat, ozone, and oxidation. These chemicals improve the properties of rubber to offer tensile strength, abrasion resistance, hardness, and good resilience. Popular examples of these chemicals include adhesion promoters, stabilizers, anti-degradants, blowing agents, processing aids, and accelerators. The global market for rubber processing chemicals has witnessed rapid growth in recent times. The market's growth is mainly credited to the rapidly expanding automotive industry globally. They are widely used to make belts & hoses, blades, wipers, and tires.


Furthermore, the growth in automobile production, particularly in emerging economies such as India, Thailand, and China. Moreover, factors such as the growing residential and commercial construction, changing fashion trends, and growing per capita income are likely to boost the market's growth over the assessment timeframe. On the other hand, stringent environmental regulations are anticipated to impede the market's 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).


Recent Development



  • February 2022 - Sopheonhas announced that the world's leading manufacturer of synthetic rubber, Synthos Group, has agreed to implement Sopheon's Accolade innovation system in one of its production plants, Synthos Schkopau GMBH. Synthos, catering to around 3,000 customers in more than 100 countries, is one of the global leaders in the chemical industry, providing products in various end-use industries, including transportation, construction, packaging, and agriculture.

  • July 2021- Akrochem, a longtime specialty chemical, and materials company, has announced the expansion into new industries by buying Houston-based Bech Chem. Akrochem believes that the deal will enable it to enter into new areas that include lubricants, coatings, and paints. Akrochem offers compounding materials and rubber chemicals.


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   2030: Significant value
  CAGR   2022–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  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.