Global Rubber Additives Market, By Type (Tire, Non-Tire), By Application (Accelerators, Anti-degrada

Published Date: | Report Code : CH1958345

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Rubber Additives are those chemicals that are added to the rubber when it is being processed or synthesized. These are used to enhance the properties of the rubber used in tires. Various types of rubber additives are added such as processing aids, adhesion promoters, vulcanization inhibitors & accelerators, antiozonants, fillers, and chemical blowing agents. Processing aids and vulcanization accelerators are the most used additives.

Segment Analysis

The rubber additives market is segmented into type and applications
Based on the type, it is bifurcated into the tire and non-tire. The market is growing the most due to the tire segment, as there is a heavy demand from the automotive industry for a higher quality of rubber.

On the basis of the application, it is segmented into accelerators, anti-degradants, and others. Among the applications, the anti-degradants segment is the leading one, as they are used in several applications such as tires and other rubber products to prevent the aging of the rubber used. Also, the growing demand for better and high-performance rubber is predicted to increase the demand for it.

The market is growing the most in the APAC and the Western Europe region, as there is a heavy demand for automobiles from these regions due to the growing population.

Key Factors Impacting Market Growth:
    • Increase in the disposable income
    • Increased demand for high-end quality of rubber
    • Environmental regulations can restrain the rubber additives market

Regional Analysis

On the basis of the region, the rubber additives market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. 

Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the rubber additives market during the forecast period. This demand is with regard to the growth of major end-use industries including Industrial, Marine, Automotive, Building & Construction, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the rubber additives market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the rubber additives market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: BASF SE, Lanxess AG, Solvay SA, Akzonobel N.V., and Arkema SA.. 

Market Segmentation:
By Type:
    • Tire
    • Non-Tire

By Application:
    • Accelerators
    • Anti-degradants
    • Others

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Type
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Type
        ◦ By Application

Reasons to Buy This Report:
    • Market size estimation of the global rubber additives market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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