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 | January 2023 | Region: Global | 100 Pages         

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Rubber Processing Chemicals Market

Rubber Processing Chemicals Market is projected to be worth USD 5.98 Billion by 2030, registering a CAGR of 4.9% during the forecast period (2021 - 2030).

Segmentation
By Type Antidegradants Accelerator Adhesion Promoters Blowing Agents Anti-Scorch Agents Polymerization Regulators
By Application Tire Non-Tire
Key Players
Companies Profiled   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)    Behn Meyer (Germany).
Drivers
Market Driving Forces   The growing construction industry with rising residential and commercial construction is likely to drive market growth during the forecast period
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Rubber Processing Chemicals Market Overview Rubber Processing Chemicals Market is projected to be worth USD 5.98 Billion by 2030, registering a CAGR of 4.9% during the forecast period (2021 - 2030). Rubber processing chemicals are special compounds that are used to improve the resilience of rubber against sunlight, mechanical stress, heat, ozone, and oxidation. Rubber's tensile strength, abrasion resistance, hardness, and resilience are all improved by these compounds. Adhesion promoters, stabilizers, anti-degradants, blowing agents, processing aids, and accelerators are all examples of these compounds. In recent years, the global market for rubber processing chemicals has exploded. The constantly expanding global automobile sector is largely responsible for the market's growth. Belts and hoses, blades, wipers, and tires are all made with them. Rubber Processing Chemicals are expected to see an increase in demand due to their strong demand from non-tire applications. Rubber Processing Chemicals are used in non-tire applications such as rubber goods, rubber mats, wipers, footwear, automobile body parts, mining, rubber insulation tapes, insulations, conveyor belts, and so on. The growing industrialization of Asia's developing countries, particularly China and India, has increased the demand for rubber products. Furthermore, the market for Rubber Processing Chemicals that impart exceptional attributes to rubber goods is driven by the rising demand for superior grade rubber products. Increased consumer demand for non-tire rubber due to increased use of non-tire rubber in the automotive sector.

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


Sopheon has announced that Synthos Group, the world's biggest synthetic rubber manufacturer, has committed to installing Sopheon's Accolade innovation system in one of its manufacturing units, Synthos Schkopau GMBH. Synthos is a global leader in the chemical sector, with about 3,000 clients in over 100 countries and products in a variety of end-use industries such as transportation, construction, packaging, and agriculture. Akrochem, a long-standing specialty chemical, and materials company, announced the acquisition of Houston-based Bech Chem in July 2021. The transaction, according to Akrochem, will allow it to expand into new markets such as lubricants, coatings, and paints. Compounding materials and rubber chemicals are available from Akrochem.

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: USD 5.98 Billion
  CAGR   2022–2030: 4.9% 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) :

Rubber Processing Chemicals Market is projected to be worth USD 5.98 Billion by 2030

Some of the key players in the global rubber processing chemicals are Lanxess (Germany), Solvay (Belgium), Eastman Chemical Company (US), Henan Xuannuo Imp & Exp Co., Ltd (China), BASF SE (Germany), Vanderbilt Chemicals, LLC (US), Merchem Limited (India), Arkema (France)

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.

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