Rubber is a polymer which is majorly classified as natural rubber and synthetic rubber. Natural rubber only contains the monomers of isoprene whereas; the synthetic rubber may contain different types of monomers. Natural rubber is coagulated latex obtained from certain types of trees that are grown in the tropics. Whereas, synthetic rubber is obtained by mixing butadiene and styrene which are two by-products of petroleum refining. About 70% of rubber consumed belongs to the category of synthetic rubbers. Manufacturers of synthetic rubbers can adapt to different chemical formulations in order to meet specific requirements of end-use industries. Rubber is processed using several chemicals to manufacture useful products such as rubber mats and automobile tires. The rubber processing chemicals help in improving the resistance of rubber against effects of heat, oxidation, sunlight, ozone and mechanical stress. Rubber processing chemicals also improve the overall process of vulcanization. Rubber processing chemicals include a wide range of products such as antidegradants, accelerators and processing aids among others.
Growing population coupled with increase in purchasing power among consumers has boosted the overall demand for automobiles. Rubber processing chemicals play a crucial role in enhancing the properties of rubber for its use in the manufacturing of automotive tires. Thus, the growing automobile industry is projected to boost the overall growth of rubber processing market. Rubber processing chemicals not only adds superior qualities to rubber but also enhances the overall process of manufacturing the raw material for other applications such as manufacturing of door mats. However, the growing environmental concerns coupled with stringent governmental regulations are expected to restrain the overall growth of the rubber processing market. The development of bio based rubber is expected to open new avenues for the rubber processing chemicals market.
China is the largest manufacturer as well as consumer of the rubber processing chemicals. The presence of huge secondary processed products manufacturing industries in China is expected to boost the demand for rubber which in turn is estimated to drive the rubber processing chemicals market. Europe is anticipated to be the next largest consumer of rubber processing chemicals owing to the presence of huge automobile industry in the region. Rubber processing chemicals are widely used by the automobile industry to manufacture the rubber tires having superior properties. The demand for rubber processing chemicals is expected to decline in North America owing to the presence of stringent government regulations in the region. Rest of Asia Pacific is expected to experience rapid growth in the demand for rubber processing chemicals in the near future. However, Rest of the World is expected to exhibit sluggish growth in the overall demand for rubber processing chemicals during the forecast period.
The market of rubber processing chemicals is highly consolidated in nature. Emerald Performance Materials, Eastman Chemical, Chemtura Corporation, R.T. Vanderbilt Company, Inc. and LANXESS Corporation among others are some of the major participants of the rubber processing chemicals market. Owing to the consolidated nature of the tire industry, leading tire manufacturers are in a strong position to demand for low prices for rubber processing chemicals. The tire manufacturers also demand for product improvements, efficient delivery, high quality and strong technical support.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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