Rubber Processing Chemicals Market report categorizes the global market by Application (Non-Tire & Tire), Type (Accelerators, Antidegradants, and Others), & by Geography (Asia-Pacific, Europe, North America, and Row).
Pune, India -- (SBWIRE) -- 01/28/2016 -- The report "Rubber Processing Chemicals Market by Type (Antidegradants, Accelerators, and Others), by Application (Tire and Non-Tire), and by Region (North America, Europe, Asia-Pacific, and Row) - Global Trends and Forecasts to 2020", defines and segments the rubber processing chemicals market with an analysis and forecast of the rubber processing chemicals market size by value. The rubber processing chemicals market size by value is projected to reach USD 4.8 Billion by 2020, with a CAGR of 5.4% between 2015 and 2020.
Browse 76 market data tables and 42 figures spread through 122 pages and in-depth TOC on "Rubber Processing Chemicals Market - Global Trends and Forecasts to 2020"
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The global rubber processing chemicals market is expected to grow at a CAGR of 5.4% between 2015 and 2020, to reach USD 4.8 Billion 2020.
Automobile segment to boost demand of rubber processing chemicals
The rubber processing chemicals market is mainly driven by the growth in the demand for automobiles. Rubber processing chemicals are used to enhance the properties of rubber used in the manufacture of tires. With the growing population and increased spending by the consumers, the demand for automobiles has increased which in turn has led to the increased demand for rubber processing chemicals. These chemicals add superior qualities to the rubber.
However, the growing environmental concerns and the stringent governmental regulations are the biggest restraints of the rubber processing chemicals market. The processing of natural rubber yields effluents into the air that pollute the environment. The wastewater discharged form rubber processing contains high level of biological oxygen demand compounds. These compounds are biodegradable and lead to high oxygen consumption.
Asia-Pacific to drive the rubber processing chemicals market
Asia-Pacific is the fastest-growing market for rubber processing chemicals. The growth in the Asia-Pacific region is primarily driven by the increasing domestic demand and rising exports of natural rubber to the western markets. The increasing demand for rubber processing chemicals from the tire industry is further driving the market in this region. The economic development in the region has led to the increased demand for vehicles, which in turn drives the market for rubber processing chemicals.
The leading players in the market include Emerald Performance Materials (U.S.), Eastman Chemical (U.S.), Lanxess Corporation (Germany), and Arkema SA (France) among several others.
The report covers the rubber processing chemicals market and its trends concerning four regions, namely, North America, Europe, Asia-Pacific, and RoW. The types, such as antidegradants, accelerators and others are covered. The applications of rubber processing chemicals along with their estimated market revenues and consumption trends are included.
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