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Rubber Additives Industry Outlook & Analysis 2022-2028 : Global Major Manufacturers, Industrial Applications, Demand by Regions, & Consumption Forecast Study

The Rubber Additives Market Size was valued at US$ 7.9 billion in 2021 and is expected to reach at US$ 10.40 billion by 2028, with a healthy CAGR of 4.0%.

 

Pune, Maharashtra -- (SBWIRE) -- 08/11/2022 -- Rubber Additives Market Scope & Overview 2022:

The substances that are added to natural and synthetic latex to attain desired qualities are known as rubber additives. Plasticizers and fillers are part of rubber additives, which also offer flow, increase flexibility, reduce compound viscosity, and other benefits. Manufacturers currently offer a wide variety of inventive product variations, such as dispersions that prevent dry pigment cross-contamination. Rubber additives are used in a variety of products, including tires, insulation, wires and cables, tapes, conveyor belts, gaskets, and roll covers. The quantity of additives added when processing rubber affects the rubber's quality.

According to the latest research report of SNS Insider, the rubber additives market is projected to reach USD 10.40 billion by 2028, with a CAGR of 4.0% during the forecast period of 2022–2028.

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Major Key Players included in Rubber Additives Market are listed below:

- R.T. Vanderbilt Company, Inc
- Emery Oleochemicals LLC
- Solvay SA
- Behn Meyer Group
- Akzonobel N.V.
- BASF SE
- Lanxess AG
- China Petroleum and Chemical Corporation
- Arkema SA
- Eastman Chemical Company

Drivers, Restraints, Opportunities and Challenges

One of the main drivers propelling the rubber additives market is the extensive product usage in the construction of residential and commercial buildings due to its heat, mechanical stress, and vibration-resistant qualities. The market for rubber additives is expected to be supported in the upcoming years by rising government investments in the renovation of old grid infrastructures and the establishment of sustainable electricity transmission and distribution (T&D) networks.

The development of specialty lubricants to boost rubber compounds' endurance, effectiveness, and performance is another factor fueling the market's expansion. As smart irrigation procedures become more popular, another important growth-promoting component is the growing use of rubber additives in the agriculture sector to create hoses that help with the best possible water distribution over the fields.

Impact of the COVID-19 Pandemic

The global epidemic has had an impact on almost every industry. The rubber additives market is probably going to experience just a mild impact as a result of supply chain interruptions around the world. The market heavily depends on the automotive, electrical, and electronics sectors. China is a significant market for exports and industrial manufacturing. The nation's industrial activity was impacted by strict lockdowns in its key regions. The largest automakers in the world are from China. However, the nation's capacity to create rubber additives has been damaged by disruptions in the supply of raw materials.

Rubber Additives Market Segmentation Analysis 2022

In terms of types, the antidegradants market has the largest market share. Antidegradants are increasingly being used in applications including tires and commercial rubber goods, which is driving up demand for them. Additionally, it is anticipated that the demand for antidegradants will rise along with the demand for high performance rubber.

With the growing need for high-quality rubber from the automotive industry, the tire segment holds the lion's share of the application market. The major user of rubber is the tire manufacturing sector. The second-largest market for rubber additives is in Europe.

Major Segments and Sub-Segment of Rubber Additives Market are Listed Below:

By Type
- Accelerators
- Activators
- Peptizers
- Plasticizers
- Tackifiers
- Vulcanization Inhibitors
- Rubber Antioxidant
- Insoluble Sulfur
- Antidegradants

By Application
- Tire
- Non-Tire

By End Use Industry
- Automotive
- Consumer Goods
- Building & Construction
- Electrical Insulation

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Rubber Additives Industry Regional Analysis by 2028

Asia Pacific is predicted to dominate the rubber additives market, with China dominating in terms of both production and consumption. Due to the country's rapidly expanding automotive industry, India is also predicted to have solid development in the need for rubber additives. The demand for rubber additives is predicted to grow significantly in the next years, driven by the rising demand for green tires in North America and Europe as a whole. Due to efforts being made by several Middle Eastern nations to diversify their economies, the demand for rubber additives is anticipated to increase more rapidly in the Middle East and Africa region throughout the forecast period.

Frequently asked question in this report is listed below:

- What are the factors influencing the growth of rubber additives?
- What are the different applications of rubber additives?
- What is the biggest restraint for rubber additives?
- Who key players study is included in this report?

Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Rubber Additives Market Segment, By Type

9. Rubber Additives Market Segment, By Application

10. Rubber Additives Market Segment, By End Use Industry

11. Regional Analysis

12. Company Profile

13. Competitive Landscape

14. Conclusion

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