The Global Rubber Additive Market size was worth USD 4.3 billion in 2018 and is expected to reach USD 5.7 billion by 2028, growing at a CAGR of 3.2% during the forecast period from 2021-2028. The growth of this market can be attributed to the significant demand for tires globally, as well as rising demand for non-tires products such as footwear and automotive products that will drive the overall expansion of this industry over the next decade.
Rubber Additives are a kind of chemicals that can be added to natural or synthetic rubber. These compounds have the ability to improve various properties such as elasticity, abrasion resistance, and thermal stability in rubber products.
On the basis of Types, the market is segmented as Antidegradants, Accelerators, and Other Rubber Additives. Antidegradant accounted for a higher share of revenue in 2017 owing largely to its importance as an additive that enhances tire performance by reducing or preventing degradation caused by environmental agents and heat damage during storage.
Antidegradants are chemical substances, which inhibit the degradation of rubber. Antidegradant chemicals can be divided into two categories: antioxidants and antiozonants.
The main function of antioxidants is to prevent oxidation reactions from occurring in natural rubber or synthetic rubbers. For example, they reduce the number of free radicals present by donating hydrogen atoms (H) to them. This then reduces cross-linking between molecules that would lead to brittleness and cracking. Antioxidants may also delay age-related changes such as vulcanization loss and oxidative deterioration. On the other hand, antiozonants protect against ozone attack, which is the decomposition of ozone in the air due to its reaction with olefins, double bonds of polyolefins.
The accelerators are used in rubber products to increase the speed of vulcanization. They reduce the time period required for curing and this helps produce a better product with increased resistance against heat, abrasion, oil, and weathering. The most common accelerator is sulfur trioxide which combines with natural rubber to form polysulfides by using oxygen from air or atmospheric moisture. This reaction also produces sulfinic acid as well as hydrogen dioxide gas that escapes out of solution into the atmosphere.
On the basis of Application, the market is segmented into Tires and Non-Tires.
The use of rubber additives in tires is one application where the usage numbers are increasing. The main use of rubber additives in the tires is to improve their performance. The most common functions that they perform are improving wet grip, reducing wear and tear during braking, increasing tread life, etc.
The application of rubber additives in non-tires can be used to improve the friction between surfaces affected by high sliding angles. The low coefficient of kinetic friction leads to quick degradation of tires and reduces their durability significantly, which is why they are commonly mixed with various rubber compounds that have good abrasion resistance. In addition, these compounds also lower rolling resistance as well as increase fuel efficiency, and provide long-lasting protection against environmental pollution caused by heat.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific & Middle East, and Africa. North America and Europe accounted for more than 60% share in terms of volume consumption, owing partly due to these regions being among the most developed markets globally which translate into higher investment in research and development activities as well as rising disposable incomes per capita that result in increased spending by consumers on products such as tires (including automotive), industrial footwear, etc., thereby boosting demand for additives used in their production processes.
The Asia Pacific region accounts for incremental growth opportunities primarily because of its huge end-use industries from sectors including construction & packaging, food processing, etc.
The challenge faced by manufacturers of rubber additives is that they have limited control over raw material prices, which can lead them to product price increases or lower margins. This puts pressure on their business models, leading companies to lack sustainability and hinder innovation efforts. In addition, some suppliers are struggling with issues from governmental regulations such as new emission standards and bans on certain substances like heavy metals in tires (such as lead). These factors may be an obstacle to success within the industry but it does not mean that manufacturers will not be able to combat these challenges.
Up Market Research published a new report titled “Rubber Additive Market research report which is segmented by Types (Antidegradants, Accelerators, Other), By Applications (Tires, Non-tires), By Players/Companies Akzo Nobel, BASF, Emerald Performance Chemicals, Lanxess Corporation, Vanderbilt, Georgia Pacific Chemicals, Merchem, PMC Rubber Chemicals, Eastman Chemical, Arkema SA, Sinopec Corp, Behn Meyer Group, Duslo, Xiangyu Chem”.
|Report Attributes||Report Details|
|Report Title||Rubber Additive Market Research Report|
|By Type||Antidegradants, Accelerators, Other|
|By Application||Tires, Non-tires|
|By Companies||Akzo Nobel, BASF, Emerald Performance Chemicals, Lanxess Corporation, Vanderbilt, Georgia Pacific Chemicals, Merchem, PMC Rubber Chemicals, Eastman Chemical, Arkema SA, Sinopec Corp, Behn Meyer Group, Duslo, Xiangyu Chem|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||201|
|Number of Tables & Figures||141|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Antidegradants, Accelerators, Other and By Application Tires, Non-tires.
Some of the companies that are profiled in this report are:
Rubber Additive Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Rubber Additive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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