Transparency Market Research has published a new report "Rubber Processing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" to its report store.
Albany, NY -- (SBWIRE) -- 10/15/2015 -- Much of the demand for global rubber processing chemicals market comes from the expanding global automotive industry. These are components that are used extensively in improving the properties of rubber used in automobiles. One of the main factors driving the rubber processing chemicals market in developing economies is the surging demand for automobiles owing to the high growth rate of the population in these regions.
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Rubber processing involves the application of a number of chemicals in order to manufacture a variety of rubber products such as automobile tires and rubber mats. Rubber processing chemicals are substances that enhance the resistivity of rubber against the harmful effects of sunlight, heat, mechanical stress, ozone, and oxidation, amongst others. They also help in improving the entire process of vulcanization. Processing aids, accelerators, and antidegradants are the various forms of rubber processing chemicals.
Rising Purchasing Power to Fuel Rubber Processing Chemicals Market
Rubber is classified into two main types, namely synthetic and natural rubber. Monomers of isoprene make up natural rubber, whereas a host of monomers make up synthetic rubber. Synthetic rubber is made up of styrene and butadiene, which are byproducts obtained from petroleum refining. Natural rubber refers to the coagulated latex that is derived from certain types of trees that mainly thrive in the tropics. More than 70% of the total rubber consumed belongs to the synthetic rubbers category. In order to meet the specific needs of end-use industries, manufacturers of synthetic rubber make use of a wide variety of chemical compositions.
Ongoing industry trends suggest that surging purchasing power coupled with a rapidly growing world population are the two main factors that will contribute to the growth of the global rubber processing chemicals market in the forthcoming years. However, the widespread implementation of stringent government rules and heightened environmental concerns are expected to hamper the growth of the global rubber processing chemicals market in the years to come.
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Europe, APAC Rubber Processing Chemicals Market to Witness Strong Growth
Geographically, the global rubber processing chemicals market is segmented into Asia Pacific, North America, Europe, and Rest of the World. In terms of production, China holds the highest share in the global rubber processing chemicals market. A prominent factor that fuels the China rubber processing chemicals market is the presence of a large number of industries in China that manufacture secondary processed goods. However, owing to the presence of a large automobile market, it is the Europe rubber processing chemicals market that is anticipated to expand robustly over the next couple of years. Rubber processing chemicals are mostly used in producing rubber tires possessing superior properties.
It is expected that the overall demand for rubber processing chemicals in North America will decline in the near future because of the strict implementation of government regulations and norms. The rest of the Asia Pacific is also anticipated to witness strong growth of the rubber processing chemicals market in the forthcoming years. However, the Rest of the World market is projected to expand sluggishly during the forecast period.
The prominent players in the global rubber processing chemicals market are LANXESS Corporation, R.T. Vanderbilt Company Inc., Chemtura Corporation, Eastman Chemical, and Emerald Performance Materials. Most manufacturers of rubber processing chemicals focus greatly on strong technical support, high quality, efficient delivery, and product improvements.
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