What is Chlorinated Rubber Market?
Chlorinated rubber is a high hardness powdery thermoplastic resin. It is formed by reacting the carbon tetrachloride and chlorine. With increased hardness it has decreased reactivity with the chemicals. Chlorinated rubber act as a protective barrier against the corrosion on metal surfaces. It has various applications such as paints, coatings, and adhesives. It has properties such as fireproof, moisture and water resistant, chemical stability, and anti-fouling properties. Hence, these properties are increasing the market growth.
The market study is being classified by Type (Industrial and General), by Application (Adhesive, Traffic Paint and Marine Paint) and major geographies with country level break-up.
Bech Chem (United States), Bayer (Germany), Nippon Paper (Japan), Imperial Chemical Industries (United Kingdom), Covestro (Germany), Rishiroop Group (India), Fujian Wantaixing Chemical Development Co., Ltd. (China) and ADEKA (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Europe Vendors will contribute to the maximum growth of Global Chlorinated Rubber market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Chlorinated Rubber market by Type, Application and Region.
On the basis of geography, the market of Chlorinated Rubber has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia), Europe (Germany, United Kingdom), North America (United States). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Exceptional Properties are fueling the Market Growth.
- Rising Demand of High Efficiency Anti Corrosion Coatings
Restraints
- Lack of Awareness may hamper the Growth
Opportunities
- Technological Advancements in Chlorinated Rubber
Challenges
- Fluctuating Raw Material Costs
- Strict Environmental Regulations
Market Leaders and some development strategies
In September 2018, Bayer has completed the acquisition of Monsanto business. This acquisition will strengthen the portfolio of seed and crop protection products.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations