The Global Rubber Additives Market is projected to reach a value of over USD 6.8 Billion by 2027 at a CAGR of around 5.3%.
The agents and chemicals which are added during the processing and synthesis of rubber polymer are known as rubber additives. They are added to rubber polymers which help to enhance the structural and mechanical properties and improve the overall performance and quality of rubber. Various types of rubber additives are available including vulcanization accelerators & inhibitors, processing aids, adhesion promoters, chemical blowing agents, antiozonants, and fillers.
Market Driver:
Rubber additives are used as curing agents, accelerators, plasticizers, vulcanizing inhibitors, and amongst others in the tire manufacturing industry. Vulcanization accelerators, process aid, and oil extenders are some of the major rubber additives used in tire manufacturing. The demand for tires is ultimately governed by increasing vehicle production and adoption of electric vehicles. According to the European Automotive Manufacturing Association (ACEA), 92.8 million motor vehicles were produced globally in 2019. However, the automotive industry affected due to COVID-19 pandemic and will gain sustainable increase post-pandemic. Thus, rapidly increasing demand from tire manufacturing industry has expected to drive the market growth during the forecasted period.
Market Restraint:
Various regulations are imposed on rubber manufacturing industries, especially for volatile organic compound (VCO) emission that causes air populations. For instance, the U.S. Environmental Protection Agency (EPA), has imposed National Emission Standards for Hazardous Air Pollutants (NESHAP) for rubber tire manufacturing were the main source regulated are rubber processing, the use of cement, solvents and associated mixtures in tire production, tire cord production, and puncture sealant application. Thus, environmental concerns have imposed various stringent governmental regulations which may hamper the market growth.
The report on the rubber additives market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Rubber Additives Market, by Type
Rubber Additives Market, by Application
Rubber Additives Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE RUBBER ADDITIVES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY