Rubber and its products lose their physical and mechanical properties due to heat, mechanical stress, light, ozone, etc., which gradually reduces the performance of rubber and rubber products. Rubber antioxidants are primarily employed to prevent discoloration and loss of physical and mechanical properties. They are added during the rubber compounding stage. Antioxidants enhance the service life and reliability of the rubber product by protecting it from degradation. They provide long-term protection to tires and rubber products due to their low reactivity, low volatility, and low migration rate properties. Rubber antioxidants are soluble in chloroform, carbon disulfide, acetone, etc., however, they are insoluble or partly soluble in gasoline and water.
The global rubber antioxidant market can be segmented based on application, type, and region. In terms of application, the rubber antioxidant market can be segmented into tire, convenor belts, tubes, transmission belts, hoses, and others. Tire is a major application segment of the rubber antioxidant market. Rubber antioxidant is primarily employed to enhance the heat ageing properties of rubber and to increase the antifriction and flexibility of the rubber used in tires. In terms of type, the rubber antioxidant market can be segmented into rubber antioxidant MB, Rubber antioxidant RD (TMQ), Rubber antioxidant DNP, PPDs, and others.
The rubber antioxidant market is anticipated to expand significantly during the forecast period due to the increasing demand for rubber antioxidants in the manufacture of various rubber products to be utilized in the automotive industry, tire industry, and others. Demand for rubber antioxidants in manufacturing of static and dynamic heavy capacity rubber, such as tube, tire cable, and belt, is anticipate to boost the overall rubber antioxidants market during the forecast period. Factors such as ease in usage, excellent flex-crack resistance, stress-crack resistance, and good ageing properties are also estimated to boost the demand for anticaking agents. Rapid expansion of the automotive industry is a major factor driving the rubber antioxidant market. However, adverse environmental effects related to rubber antioxidant such as its toxic nature and long lasting effects on the environment are projected to hamper the expansion of the market. Furthermore, implementation of stringent governmental regulations, especially in developed countries, is likely to adversely affect the overall market during the forecast period.
In terms of region, the rubber antioxidant market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to dominate the global rubber antioxidant market, followed by North America and Europe. Rise in demand for rubber antioxidant in the automotive industry in Asia Pacific is projected to boost the overall market during the forecast period. North America and Europe rubber antioxidant markets are also likely to expand significantly during the forecast period due to the expanding rubber and tire industries in these regions. The rubber antioxidant market in Middle East & Africa and Latin America is also projected to expand at a substantial growth rate in the near future.
Companies are adopting merger and acquisition strategies to expand their market share. Furthermore, they are shifting their production facilities to emerging economies in Asia Pacific and Latin America due to the easy availability of land, cheap labor, and governmental subsidies in these regions. Key players operating in the global rubber antioxidant market include Eastman Chemical Company, KUMHO PETROCHEMICAL, Shandong Eksesen Chemical Co., Ltd., LANXESS, Jiangsu Sinorgchem Technology, Kemai Chemical Co., Ltd., OUCHI SHINKO CHEMICAL INDUSTRIAL CO., LTD., and Agrofert (Duslo).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.