Global Rubber Additives Market: Key Highlights
Global Rubber Additives Market: Key Market Dynamics
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Global Rubber Additives Market: Regional Overview
Europe is anticipated to dominate the rubber additives market during the forecasted. The automobile market is at a mature stage has largely contributed to fuel the rubber-based product demand. According to the European Automobile Manufacturers’ Association (ACEA), 18.5 million motor vehicles were manufactured in 2019. Moreover, increasing growth in tire manufacturing and favourable tax policies has further drive the growth of the market.
The Asia-Pacific is anticipated to be the fastest-growing region in rubber additives market during the forecasted period. This is attributed to the growing population coupled with increased spending on automobiles. Moreover, the presence of the largest producers of rubber additives such as China Petrochemical Corporation, Toray Industries.Inc and others is driving the market.
Global Rubber Additives Market: Key Players Overview
Akzo Nobel N.V. is engaged in producing paints and performance coating for both industry and consumers across the globe. Dulux, International, Sikkens and Interpon are the portfolio of brands offered by the company. Building & Infrastructure, Consumer goods, industrial, and Transportation are key markets served by the company. Akzo Nobel N.V. has presence in more than 150 countries across the globe.
Arkema is a France-based company engaged in producing specialty chemicals and advanced material. The company operates in four business segments including adhesive solution, advanced materials, coating solution, and intermediates. Arkema has 144 production plants and 15 research & development hubs located across the globe. The company has a geographical presence in over 55 countries.
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