Rubber Additives Market – Global Industry Analysis, Market Size Estimation and Growth Forecast By Types (Vulcanization Accelerators, Tackifier, Dispersing Agents, Oil Extenders and others), By Application (Tire, Non-tire Such As Electrical Insulation and others) & By Regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America), 2017 – 2025

Rubber Additives Market - Introduction

The global rubber additives market is expected to grow moderately during the forecast period 2017 to 2025. Rubber additives market is segmented in terms of types, application, and geography. Rubber additives are those materials that are required in relatively low dosage and used for promoting rubber production process. Typically, rubber additives are used three key areas of rubber production process such as mixing time reduction, shaping of semi product and vulcanization. Rubber additives offer multiple benefits including viscosity reduction, efficient dispersion, decreasing mixing time, fastening mold filling and fastening vulcanization process among others. Rising demand for rubber tire and rubber based design material in automotive and non-automotive sector is one of the prime growth drivers for the market. Rising demand for decreasing fuel consumption of vehicle as well as its environmental impact has acted as push factor for growth of the application market for rubber additives.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By types, application, geography
Regional Scope North America, Asia Pacific, Europe, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

During rubber production process, rubber processing additives ensure homogeneous blending of different polymers which is one of the important areas of concern for producers. Furthermore, rubber additives maintain optimality of stickiness of polymer mixture used during production process. Rubber additives promote uniform distribution as well as optimal dispersion of compounding materials. On due course, dispersing agents and homogenizers are used as rubber additives to promote mixing process of compounding materials. Rubber additives such as lubricants or tackifiers are used to control and modify rheological properties of compounds. During vulcanization process, morpholine, tertiary butylamine and other compound based vulcanization accelerators are used to ensure good flow properties of finished material.

 

Market Dynamics

Rubber additives are widely used in rubber production facilities to produce rubbers that are usable in automotive as well as non-automotive applications. Rising automotive production has fuelled the demand for rubber based tires across automotive industry globally.

The demand for natural rubber has been replaced by synthetic rubber resulted in a rise in demand for rubber additives.

In non-tire application, demand for rubber in sectors including automotive, construction, footwear, healthcare, industrial products manufacturing etc is alternatively driving the growth of rubber additives market. In last few decades, demand for natural rubber has been replaced by synthetic rubber owing to better performance and easy availability. As a result, demand for rubber additives are also increased to meet facilitates high volume production of synthetic rubber. Rising demand for vulcanized rubber is estimated to drive the growth of the market during the forecast period 2017 to 2025.

While used in tire and other automotive body part manufacturing, rubber processed through additives offer multiple benefits including friction reduction, low CO2 emission, durability, fuel consumption etc. In order to meet requirements of automotive component manufacturers, rubber additive producers are expanding applications of their product offering.

For example, in 2017, Evonik Industries developed “green tyre technology” based rubber additives that can reduce rolling resistance in tires, which significantly reduces environmental impact as well as fuel consumption of vehicles.

Growth prospect rubber additives market has been slightly dented by stringent environment regulations regarding rubber plant operation and environment hazards of materials used during production process. In coming years, application of high performance rubbers in non-tire application is expected to drive the growth of the market.

 

Market Trends

In recent years, demand for high performance rubber has increased significantly caused by rising awareness regarding safety of vehicle while driving, rising demand for durability of automobile components in extreme environments and stringent government regulations for decreasing environment impact.

Growing market in the Asia-Pacific region has created an opportunity for rubber additives producers.

On the other hand, growing automotive sector in Asia Pacific has created opportunity for rubber additives producers in that region. Product innovation remains the prime strategy for leading rubber additive producer to achieve competitive advantage and open up new revenue streams.

In terms of market structure, rubber additives market is fragmented in nature due to presence of large numbers players.

 

Segmentation Overview

In terms of types, the market has been segmented as vulcanization accelerators, tackifier, dispersing agents, oil extenders and others. In terms of application, rubber additives market has been divided into tire and non-tire. Non-tire application has been further segmented into electrical insulation and others.

The geographical segmentation for the global rubber additives market includes North America, Asia Pacific, Europe, Middle East & Africa (MEA) and Latin America. In terms of both revenue and volume, Asia Pacific is one of the fastest growing market owning to deep penetration of automotive industry, rising demand of high performance rubbers and close proximity to raw material sources for rubber additive producers. Due to stringent government regulations regarding use of chemicals in rubber processing plant and lack of expansion of end user market, Europe accounted for the relatively low growth segment in rubber additives market.

Market Segmentation Overview
By Term Segments
By Types Vulcanization accelerators, tackifier, dispersing agents, oil extenders, and others
By Application Tire, non-tire such as electrical insulation and others
By Geography North America, Asia Pacific, Europe, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the rubber additives market are BASF SE (Germany), Akzonobel N.V (The Netherlands), Evonik Industries (Germany), Eastman Chemical Company (The U.S.), R. T. Vanderbilt Company, Inc (The U.S.), Lanxess Corporation (Germany) and King Industries, Inc. (The U.S.). Most of these companies focus on investing financial and non-financial resources to develop new products and tap the market opportunity.

 

Conclusion

Considering the dynamic business scenario, shifting of choice from natural rubber to synthetic rubber, rising demand of high performance rubber and expansion of automotive sector, it is expected that the market will grow at a stable rate during the forecast period 2017 to 2025. Furthermore, penetration rubber additives market in Asia Pacific is also likely to act as a major long term push factor for the growth of the market. All these factors are estimated to contribute the overall growth of the market in coming years.

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KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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