What is Rubber Additives?
Rubber Additives are the processed and synthesized rubber polymers that are generated after chemical reactions. Rubber Additives market is expected to mark significant growth over forecasted period owing to increasing consumers spending on rubber and tire industry, wires & cables, insulation, tapes, gaskets, conveyer belts applications and technological advancement. Rising disposable income in developing countries is pushing the demand for the automotive market. Increase in the demand for tires from the automotive industry is expected to boost the growth of the rubber additives market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Lanxess (Germany), Akzo Nobel N.V. (The Netherlands), Celanese Corporation (United States), Toray (Japan), BASF (Germany), Struktol (United States), Prisma Rubber Additives (United Kingdom), Kraton Corporation (United States), Performance Additives (Malaysia), Peter Greven (Germany) and King Industries, Inc. (United States) |
CAGR | 5.73% |
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Rubber Additives market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lanxess (Germany), Akzo Nobel N.V. (The Netherlands), Celanese Corporation (United States), Toray (Japan), BASF (Germany), Struktol (United States), Prisma Rubber Additives (United Kingdom), Kraton Corporation (United States), Performance Additives (Malaysia), Peter Greven (Germany) and King Industries, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Emerald Performance Materials (United States), Akrochem Corporation (United States), R. Grace & Co (United States) and Wacker Chemie AG (Germany).
The market study is broken down by Type (Rubber Antioxidant, Rubber Accelerators, Insoluble Sulfur and Others), by Application (Tire & Tubing, Consumer Goods, Construction and Electrical Insulation) and major geographies with country level break-up.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Rubber Additives market by Type, Application and Region.
On the basis of geography, the market of Rubber Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Mechanism, the sub-segment i.e. Blooming will boost the Rubber Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In August 2018, SK acquired SI Group. This acquisition is beneficial in escalating commercialization around the world. It also offers opportunities for rubber antioxidants, stabilizers and antiozonants for the tire, automotive, aerospace, defense and construction industries
In April 2019, LANXESS launched a new organic lubricant additive for passenger car and high-performance engine oils which is beneficial in providing surface-active anti-wear additives, detergents and molybdenum dithiocarbamates.
Market Trend
- Collaboration and Tie Up Of Leading Players
- Substitutes Available For Rubber Additives
Market Drivers
- Increase Demand of Rubber Additives in Automotive Industry.
- Rapid Demand from Non-Tire Rubber Applications.
Opportunities
- Proliferation of Rubber Additives at Asia- Pacific Regions.
- Upsurge Emergence of High-Performance Rubbers.
Restraints
- Environmental Regulations Hampers the Rubber Additives Market.
- High Cost Associated with Rubber Additives.
Challenges
- Limitation due to stiff competition are Anticipated to Challenge the Market.
- Fluctuation of Raw Materials is Anticipated to Challenge the Market.
Key Target Audience
Rubber Additives Manufacturers, Rubber Additives Traders, End-Use Market Participants of Different Segments of Rubber Additives, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.