The Global Rubber Additives Market size was estimated at USD 7.8 billion in 2021 and is expected to hit around USD 9.3 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 3.5% from 2022 to 2031.
The production and distribution of chemical compounds intended to improve the processing properties, performance, and durability of rubber-based goods is referred to as the global rubber additives market. Rubber additives are essential for enhancing the performance and quality of a wide range of rubber products, such as seals, tyres, hoses, and belts. Rubber products perform better overall and last longer thanks to these additives, which are designed to fulfil certain needs like improved resilience, heat resistance, and wear resistance.
The global rubber additives market is driven by a number of factors, including the expanding automotive sector, the rising demand for high-performance tyres, and growing public awareness of the significance of sustainability in the rubber manufacturing process. Manufacturers are depending more and more on sophisticated rubber formulas to meet the growing demands for increased safety and fuel efficiency in cars, which is driving up the market for novel rubber additives. Key companies in the sector are present in the market and are actively conducting research and development to produce new additives that meet changing industry needs.
Several significant trends are influencing the direction of the global rubber additive market. The growing focus on environmentally friendly and sustainable chemicals is one important trend. There’s a noticeable trend towards more environmentally friendly formulations as people become more conscious of the effects rubber manufacturing has on the environment. In order to provide bio-based rubber additives, manufacturers are funding research and development, which helps to promote a circular economy and a more sustainable society.
The growing need for high-performance tyres, which is being pushed by the developing automotive sector and rising consumer expectations for cutting-edge features, is another noteworthy trend. The demand for specialised rubber compositions with improved qualities, like increased durability, safety, and fuel efficiency, is growing as cars become more advanced. Rubber additives are seeing a surge in innovation as a result of this trend, with a particular emphasis on creating state-of-the-art solutions to satisfy the changing needs of the automobile industry.
Furthermore, the Asia-Pacific area is the market leader due to strong industrialization and a growing automotive industry, especially in nations like China and India. Rubber additive demand is being driven by the region’s infrastructure development and economic expansion. In addition, the incorporation of smart technologies in tyre production is becoming a prominent trend due to technological improvements. This gives market participants the chance to investigate novel approaches and obtain a competitive advantage. All things considered, the global market for rubber additives is changing in response to the changing demands of the industry and the increased focus on performance and sustainability.
Recent Developments:
Current trends in the global rubber additives market show a changing environment fueled by innovation in technology and an emphasis on sustainability. The growing use of nanotechnology in rubber additive compositions is one noteworthy trend. Rubber’s mechanical qualities, such as strength, flexibility, and thermal stability, are being improved via the incorporation of nanomaterials. The development of high-performance rubber products across multiple industries is being facilitated by this innovation.
Green and sustainable additives are also becoming more and more popular, and manufacturers are spending money on studies to lessen the environmental effect of rubber processing. Bio-based rubber additives — which come from renewable resources — are becoming more and more popular as a greener substitute. This is motivated by customer desires for ecologically friendly products as well as legislative pressures, and it is in line with the global movement towards sustainability.
Market Segmentation:
Market Breakup: By Type
- Antioxidants
- Accelerators
- Anti-Aging Agents
- Plasticizers
- Vulcanizing Agents
- Activators
- Stabilizers
- Others
Market Breakup: By Application
- Tires
- Non-Tire Automotive Products
- Footwear
- Industrial Goods
- Consumer Goods
- Others
Market Breakup: By End-Use
- Automotive
- Aerospace
- Industrial Manufacturing
- Consumer Goods
- Healthcare
- Others
Market Breakup: By Function
- Improving elasticity
- Enhancing strength
- Increasing durability
- Heat resistance
- Improving adhesion
- Others
Regional Analysis
The size and scope of the global Rubber Additives Market vary by region and are important and expanding. Below is a quick summary of the market’s regional analysis:
North America: The robust automotive industry and strict regulations spurring innovation characterise the North American rubber additive market. Advanced rubber additives are in high demand in the area, especially for use in the manufacturing of high-performance tyres. Tight environmental laws have also accelerated the use of biobased and sustainable additives. Technological developments and strategic alliances between major firms define the market and create a competitive environment.
Europe: A developed automotive sector and an increasing focus on sustainability are the two factors influencing the European rubber additive market. Demand for bio-based additives is rising as a result of efforts to promote eco-friendly products and lower carbon emissions. To achieve these environmental targets,
research and development expenditures are being made by European firms. The developed industrial sector in the area also contributes to the demand for rubber additives in a variety of applications, including consumer and industrial items.
Asia-Pacific: Thanks in large part to the growing industrial sector, particularly in nations like China and India, the Asia-Pacific region leads the global market for rubber additives. The fast growth of the automobile sector and the construction of new infrastructure fuel demand for premium rubber additives. The market is dynamic, with a focus on affordable solutions and ongoing technological improvements. Significant investments in research and development are drawn to the Asia-Pacific region, which acts as a major hub for manufacturing and consumption.
South America: The automotive and industrial industries in South America are driving an increasing need for rubber additives. Particularly, Brazil is significant to the commercial dynamics of the area. The growth of the market is driven by the expansion of the automotive sector and the growing awareness of the advantages of rubber additives. In order to comply with international environmental regulations, manufacturers in the area are also investigating environmentally friendly formulas.
Middle East and Africa: Driven by the expansion of industry and improved infrastructure, the Middle East and Africa area has a consistent need for rubber additives. Even though the market might not be as large as in other areas, adoption of technology and diversification are prioritised. Rubber additive use is primarily driven by the construction and automotive industries, both of which have room to develop. Furthermore, the region is an important participant in the worldwide rubber supply chain due to its advantageous position.
Market Breakup By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The Rubber Additives Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Rubber Additives marketplace.
Major players operating in the Global Rubber Additives Market are:
- Lanxess AG
- Solvay S.A.
- Akzo Nobel N.V.
- Eastman Chemical Company
- Arkema S.A.
- Kumho Petrochemical Co., Ltd.
- Emerald Performance Materials
- Sumitomo Chemical Co., Ltd.
- Nouryon
- Behn Meyer Holding AG
- China Petroleum & Chemical Corporation (Sinopec)
- NOCIL Limited
- R.T. Vanderbilt Company, Inc.
- Struktol Company of America, LLC
- Behn Meyer Holding AG
In case you don’t find what, you are looking for, please get in touch with our custom research team at [email protected] or Download Free Sample Report
Latest Reports:
Global Sustainable Sneaker Market Size, Share & Trend Analysis
Global Transplant Diagnostics Market Size, Share & Trend Analysis
Abstract: Rubber Processing Chemicals (Additives) report focuses on the global its status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Rubber Processing Chemicals (Additives) development in United States, Europe and China.In 2018, the global Rubber Processing Chemicals (Additives) market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/28441/rubber-processing-chemicals-2019-2025-142 The key players Of Rubber Processing Chemicals (Additives) covered in this study Akzo NobelBASFEmerald Performance ChemicalsLanxess CorporationVanderbiltGeorgia Pacific ChemicalsMerchemPMC Rubber ChemicalsEastman ChemicalArkema SASinopec CorpBehn Meyer GroupDusloXiangyu ChemGet the Complete Report @ https://www.24chemicalresearch.com/reports/28441/rubber-processing-chemicals-2019-2025-142Rubber Processing Chemicals (Additives) Market segment by Type, the product can be split into AntidegradantsAcceleratorsOtherRubber Processing Chemicals (Additives) Market segment by Application, split into Tire TypeNon-Tire TypeRubber Processing Chemicals (Additives) Market segment by Regions/Countries, this report covers United StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this Rubber Processing Chemicals (Additives) report are: To analyze global Rubber Processing Chemicals (Additives) status, future forecast, growth opportunity, key market and key players.To present the Rubber Processing Chemicals (Additives) development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Rubber Processing Chemicals (Additives) are as follows: History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025 Get more information from Table of Content@ https://www.24chemicalresearch.com/reports/28441/rubber-processing-chemicals-2019-2025-142#tocCONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 8329744015Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
The new research report titled "Rubber Additives Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the rubber additives market includes Akrochem Corporation, AkzoNobel N.V., Arkema S.A., Behn Meyer Holding AG, Eastman Chemical Company, LANXESS Aktiengesellschaft, Struktol Company of America, Thomas Swan & Co. Ltd., LLC, VELOX GmbH, Wacker Chemie AG, and others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Rubber Additives Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/rubber-additives-market/download-sampleMarket DynamicsGrowing construction activities around the globe are the prime reason for the growth of the rubber additives market.
The tire and tubing industry is the largest consumer of rubber additives product where they are used in automotive industry for the production of tire thereby raising the growth of the market.
Rubber additives are incorporated with raw rubber polymer to enhance structural and mechanical properties, and improve the overall performance and quality of rubber.China is the largest market for rubber additives, accounting for about 60%, followed by North America and Europe, each accounting for about 10%.Eastman, Kemai Chemical, Sunsine, Jiangsu Sinorgchem Technology and Lanxess are the major producers, with the top three accounting for about 25%.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/98881/global-rubber-additives-2021-2027-709Market Analysis and Insights: Global Rubber Additives MarketIn 2020, the global Rubber Additives market size was US$ 4623.1 million and it is expected to reach US$ 6035.9 million by the end of 2027, with a CAGR of 3.9% during 2021-2027.Global Rubber Additives Scope and Market SizeRubber Additives market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Rubber Additives market is segmented intoRubber AntioxidantRubber AcceleratorsInsoluble SulfurOtherSegment by Application, the Rubber Additives market is segmented intoTire & TubingConsumer GoodsConstructionElectrical InsulationOtherRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Rubber Additives Market Share AnalysisRubber Additives market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Rubber Additives product introduction, recent developments, Rubber Additives sales by region, type, application and by sales channel.The major companies include:SennicsEastmanKemai ChemicalSunsineLanxessShandong Yanggu Huatai ChemicalKUMHO PETROCHEMICALRed AvenueSI Group (Addivant)Puyang Willing ChemicalsAgrofertSumitomo ChemicalNCICOUCHI SHINKO CHEMICALArkemaNOCILZhedong XiangzhuReasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
