The rubber additives market size reached a value of USD 5.16 billion in 2021 and is projected to reach USD 6.70 billion by 2027, at a CAGR of 4.30% between 2022 and 2027.
Rubber additives are used to strengthen the resilience of rubber against the impacts of heat, sunlight, mechanical stress, and other factors. Antidegradants, accelerators, and processing aids are a few different categories of rubber additives.Antidegradants include phenylenediamine, phosphite, phenolic compounds, and other chemicals. Accelerators include sulfenamides, benzothiazole, and other compounds.In addition, peptizers, retarders, and blowing agents are also used in the manufacturing of rubber.The rising automobile sector, which drives the demand for rubber additives, is primarily driving the growth of the rubber additives market.Government laws that are strict encourage manufacturers to comply with environmental standards.Thus, government rules, combined with rising environmental concerns, are projected to limit market growth. The potential for this market include rapidly growing demand from the Asia-Pacific region and the emergence of high-performance rubbers. Developing industrialization and urbanisation have boosted the demand for the product. The high viscosity and cross-linkage of rubber additives are key properties. They are used extensively in industrial production and manufacturing.They are also utilised to enhance the qualities of rubber used in tyre manufacturing. The number of additives applied during the rubber production determines the quality of the rubber. Rubber additives are utilised in tyres, wires and cables, insulation, tapes, gaskets, conveyer belts, and roll covering.The development of public infrastructure and growing applications in the construction industry have also uplifted the industry's growth.The COVID-19 epidemic, however, has had a drastic unfavourable impact on the industry since it has disrupted supply chains and caused operational inefficiencies and delays in shipping.
Drivers to the growth of Rubber Additives Market:
The demand for rubber additives has increased as a result of the automobile industry's explosive growth since they enhance tyres' resilience to heat, sunshine, ozone, and mechanical stress.Rubber additives are used to improve rubber's performance and strength. The market is booming as demand for rubber additives for non-tire applications rises. Furthermore, rubber additive chemicals are utilised in the production of tape, which performs as a thermal insulation material.The growing emphasis on innovation and the development of new additives to improve the performance of end products creates attractive potential for the rubber additives industry.
Restraint to the growth of Rubber Additives Market:
One of the major challenges faced by the rubber additives market is the need for continuous research & development for product improvement. Large players in the market continuously focus on innovations and develop new sets of additives to maximize the performance of end products.
Opportunities to the growth of Rubber Additives Market:
The IARC (International Agency on Research for Cancer) research states that the rubber manufacturing industries are the major contributor to air pollution.During the process of heating and producing latex sheets, this industry emits undesirable latex vapours into the air.As a result, manufacturers are creating strategies for the use of safer chemicals that can be readily disposed of with the use of green chemistry.One of the prominent approaches is dry vacuuming, which is used to prevent chemical spills from spreading; Wastewater must also be recycled.Other techniques include chemical recovery processes like pyrolysis, devulcanization, and the production of rubber from recycled rubber.
Major Market Segment:
Rubber Additives Market by Type:
Rubber Additives Market by Application:
The global rubber additives market is anticipated to be dominated by Asia Pacific with China leading the market in terms of both production and consumption. India is also anticipated to witness sound growth in the demand for rubber additives, owing to the rapid growth in the country’s automotive industry. North America and Europe are collectively anticipated to hold a significant share in the rubber additives market and the increasing demand for green tires is anticipated to drive the demand in the coming years. Significant investments and recovering economies in Brazil and Argentina are projected to drive the Latin America rubber additives market. The Middle East and Africa region is projected to witness higher growth in the demand for rubber additives over the forecast period, owing to the initiatives by various Middle Eastern countries towards making a diversified economy. Regional analysis include:
Forecast Period 2022 to 2027 CAGR
CAGR of 4.30% during the review period (2022 to 2027).
Sennics, Eastman, Kemai Chemical, Sunsine, Lanxess, Shandong Yanggu Huatai Chemical, KUMHO PETROCHEMICAL, Red Avenue, SI Group (Addivant), Puyang Willing Chemicals, Agrofert, Sumitomo Chemical, NCIC, OUCHI SHINKO CHEMICAL, Arkema, NOCIL, Zhedong Xiangzhu.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of Rubber Additives Market?
The Rubber Additives Market is studied from 2017 - 2027.
What was the size of the global rubber additives market in 2021?
The Global Rubber Market was valued at US$ 5.16 Billion in 2021.
Who are the key players in the Rubber Additives Market?
The key players in the Rubber Additives Market are Sennics, Eastman, Kemai Chemical, Sunsine, Lanxess, Shandong Yanggu Huatai Chemical, KUMHO PETROCHEMICAL, Red Avenue, SI Group (Addivant), Puyang Willing Chemicals, Agrofert, Sumitomo Chemical, NCIC, OUCHI SHINKO CHEMICAL, Arkema, NOCIL, Zhedong Xiangzhu.
What is the expected growth rate of the Global Rubber Additives Market during 2022-2027?
CAGR of 4.30% is the expected growth rate of Global Rubber Additives Market during 2022-2027.
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