Rising Demand for Automotive Industry to Bolster the Growth of the Rubber Additives Market By 2028

    DUBAI, UAE, September 22, 2021 /24-7PressRelease/ -- The rapid growth of the automotive industry has created an upsurge in the demand for rubber additives for the manufacturing of tires as well as other rubber products.

The rubber additives market is estimated to have accounted for 3.5 Billion in 2014 and is projected to reach 4.8 Billion by 2020, registering a CAGR of 5.4% between 2015 and 2020. The rubber additives market is mainly driven by the growth in the automobile industry. Asia-Pacific is the fastest-growing vehicle market around the globe.

The rubber additives market has been analyzed in terms of revenue (USD) and volume (Kilotons) for all major regions, namely North America, Asia-Pacific, Europe, and RoW. The market has been further categorized on the basis of major countries in respective regions. Rubber additives applications that have been identified and covered in the report are tire and non-tire. The market has also been segmented in terms of types which are antidegradants, accelerators, and others.

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Global Rubber Additives Market: Segmentation

The global rubber additives market can be segmented on the basis of application, end use industry, grade and region.

On the basis of type, the global rubber additives market can be segmented as:

• Curing Agent
• Fillers
• Protective Agents
• Plasticizers
• Others

On the basis of application, the global rubber additives market can be segmented as:

• Tire
• Non-Tire

On the basis of end use industry, the global rubber additives market can be segmented as:

• Automotive
• Wire & Cable
• Building & Construction
• Others

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Rubber Additives Market Trends

The manufacturers of rubber additives are entering into long-term supply contracts with tire manufacturing companies as part of their business strategy to expand their customer base and global footprint.

Big manufacturers such as Lanxess are acquiring other small additive manufacturers to expand their business geographically. Rubber additive companies are also trying increase their product portfolio through the new product development.

Global Rubber Additives Market: Market Participants

Examples of some of the market participants identified across the value chain of the global rubber additives market include,

• Lanxess
• Akzo Nobel N.V.
• Celanese Corporation
• Toray
• BASF
• Struktol
• Prisma Rubber Additives
• Kraton Corporation
• Performance Additives
• Peter Greven
• King Industries, Inc.
• Emerald Performance Materials
• Akrochem Corporation
• R. Grace & Co
• Wacker Chemie AG

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Recent Developments

• In December 2020, Emery Oleochemicals announced a new distributor agreement with IMCD. IMCD Benelux will represent Emery's Green Polymer Additives business unit to distribute and provide technical support for Emery's natural-based lubricants, release agents, antistatic- and antifogging agents, as well as their special plasticizers offered under Emery's well-known brand names LOXIOL, EDENOL and EMEROX.

• In May 2020, Solutia, subsidiary of Eastman Chemical Company, completed its purchase of Akzo Nobel N.V.'s 50 percent interest in Flexsys, one of the leading supplier of chemicals to the rubber industry.

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