Title: Rubber Additives Market - Forecast(2021 - 2026)
1Rubber Additives Market Forecast (2021 -
2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- Rubber Additives Market - Overview
- Rubber Additives Market size is forecast to reach
US 4.6 billion by 2026, after growing at a CAGR
6 during 2021-2026. Globally, the rising demand
for automobile-related products that are both
efficient and of high quality is anticipated to
raise the demand for rubber additives.
Furthermore, increasing usage of rubber additives
that is to be applied on the finished product
during the ethylenepropylenediene monomer
vulcanization process to give it strength and
certain qualities is anticipated to boost the
market growth. The rising usage of silicone
rubber additives to cure speeds, hardness,
rheology, and various other physical properties
of the cured rubber will also drive the growth of
the rubber additives market. .
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- Key Takeaways
- Asia-pacific region dominated the rubber
additives market due to the rising production of
automotive and aerospace in emerging economies
such as India, China, South Korea, and Japan. - Increasing demand for flame retardant rubber
owing to its cost effectiveness in applications
such as adhesives, hoses, and others, is
estimated to drive the growth of the market in
the projected period. - The rising usage of rubber polymers in tire
manufacturing and electrical insulation
industries is estimated to drive the global
demand for rubber additives over the forecast
period.
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By Application - Segment Analysis Tires held the
largest share in the rubber additives market in
2020 and is projected to grow at a CAGR of 8
during the forecast period 2021-2026. Increasing
use of additives in rubber to directly improvise
the tire performance and wear resistance has
uplifted the demand for rubber additives. Since
tires have the major applications in the rubber
industry, the rising initiatives by several
countries in the tire industry would drive the
market growth. For instance, The China Rubber
Industry Association (CRIA) has released new
industry development guidelines for the years
2021 to 2025
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- Rubber Additives Market Industry Outlook
- 1.BASF SE
- 2. Lanxess AG
- 3. Akzonobel N.V.
- 4. Solvay SA
- 5. Arkema SA
- 6. China Petrochemical Corporation (Sinopec)
- 7. Eastman Chemical Company
- 8. NOCIL LIMITED
- 9. China Sunsine Chemical Holdings Limited
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2026) Learn More About the Report _at_
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dditives-market.html
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- Analyst Briefing
- Data Tables
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