Rubber Additives Market: Global Opportunity Analysis and Industry forecast 2020–2027
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A07336
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Rubber Additives Market: Global Opportunity Analysis and Industry forecast 2020–2027
Request Now !Rubber additives are rubber polymers processed by a combination of chemicals to increase or enhance the overall performance. These additives include sulfur, sulfonamide, carbon black, thiazole, silica, amines, silane, aliphatic esters, and many other chemical compounds. Properties of rubber additives are high viscosity and cross-linkage. They are greatly adopted in industrial manufacturing and production. In addition, they are used to improve the properties of rubber used in the manufacture of tires. The quality of rubber is dependent on the number of additives added during the processing of rubber. Rubber additive are used in tires, wires & cables, insulation, tapes, gaskets, conveyer belts, and roll covering.
Market scope and structure analysis:
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Value (USD Million) |
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Segments covered |
Type, Application, End Use Industry |
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Regions covered |
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
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Companies covered |
Lanxess AG, Solvay SA, Akzonobel N.V., Arkema SA, BASF SE, China Petroleum and Chemical Corporation, Eastman Chemical Company, Emery Oleochemicals LLC, Behn Meyer Group, and R.T. Vanderbilt Company, Inc. |
COVID-19 scenario analysis:
- The coronavirus (COVID-19) pandemic has negatively affected different industries, for example, rubber, automotive, consumer goods, and building & construction.
- China is expected to be one of the major markets for automotive. The outbreak of COVID-19 has caused the China automotive market to face a sharp fall, with obvious impacts for manufacturers of tires, hoses, belts, and other rubber auto parts.
- Lack of labor and supply-chain problems, such as transportation of raw materials and finished products, interrupt the business activities.
- COVID-19 has a massive impact on construction projects as most of the construction work is stalled.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The rapid growth of the automotive industry has created an increase in demand for rubber additives in the manufacturing of tires as well as other rubber products as they improve resistance to sunlight, ozone, heat, and mechanical stress of tires. Rubber additives are used for the improvement of rubber strength and performance of rubber. Rise in demand for rubber additives for non- tire application boosts the market growth. Furthermore, rubber additive chemicals are used in tape manufacturing, which performs as a thermal insulation material. Rise in focus on innovation and developing new additives to maximize the performance of end products provide lucrative opportunities for the rubber additives market. Industrial construction and household electrical insulations are the main factors that drive the business line of the rubber additives market.
One of the major challenges faced by the rubber additives market is the need for continuous research & development for product improvement. Large players in the market continuously focus on innovations and develop new sets of additives to maximize the performance of end products.
Additionally, rise in demand for green tires and other green technologies has been witnessed from established markets, which poses new challenges for rubber additive manufacturers to satisfy customer expectations.
Furthermore, stringent rules and regulations imposed by governments also restraint the rubber additives market. In addition, the emission of hazardous gasses and pollutants hampers the ecosystem, and restriction imposed on the same may hinder the market growth.
New product launches to boost the market:
LANXESS is expected to showcase its versatile and sustainable solutions for tire manufacturing at the Tire Technology Expo in Hanover, Germany. It includes a wide range of environment-friendly Rhenodiv release agents, Rhenomark tire marking paints, Rhenoshape tire vulcanization bladders, Rhenogran aramid-fibermasterbatches, and special additives. Features of tires include low-noise and self-sealing tires. Dithiophosphates, including Rhenogran TP-50 and Rhenogran SDT-50 are nitrogen-free accelerators that can replace conventional sulfenamide, thiuram, and carbamate accelerators.
Surge in usage of rubber additive in non-tire applications:
By region, the global market is fragmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. APAC (Asia-Pacific) has the largest market share in the global rubber additives market. China is expected to lead in Asia Pacific due to growth in automobile & rubber processing industries. Rubber manufacturing companies integrate Big Data and IoT technologies to implement preventive maintenance techniques. The tire manufacturing industry is the largest consumer of rubber. Tire & tubing industry accounted for the largest market share of rubber additives. Furthermore, rubber additives, such as fillers, are usually used to increase the stiffness of unvulcanized rubber. This helps to fabricate rubber with other components and reduce the overall energy required during fabrication. Moreover, household electrical insulation and industrial construction increase the demand for rubber additives. Oil extenders extensively use rubber additives to reduce the overall insulation costs.
Key segments covered:
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Segments |
Sub-segments |
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Type |
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Application |
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End Use Industry |
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Key benefits of the report:
- This study presents the analytical depiction of the rubber additives market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the rubber additives market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the rubber additives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the rubber additive market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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Secondary research
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