Global Rubber Additives Market Overview:
The rubber polymers are processed and synthesized by adding some chemicals, those chemicals are known as rubber additives. The overall quality and the performance of rubber can be improved by combining with raw rubber polymer which enhances the structural and mechanical properties of the rubber additives.
Different types of rubber additives include adhesion promoters, antiozonants, chemical blowing agents, fillers, processing aids, and vulcanization accelerators and inhibitors. Cross-linking efficiency is improved by vulcanization accelerators while the vulcanization process is slowed down by using inhibitors. A viscosity of rubber is reduced by using processing aids. The usage of the overall energy required is reduced during the fabrication process, which in turn, becomes helpful to fabricate rubber with other components. Adhesion promoters improve the rubber-to-metal adhesion during the tire manufacturing. Fillers generally increase the stiffness of the unvulcanized rubber.
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What is the Size of Global Rubber Additives Market?
The global rubber additives market is expected to grow at a CAGR of 5.2%, to reach USD 4.6 Billion by 2023. The increasing demand for efficient and high-quality products that can be used in the automobile industry will boost the demand of rubber additives. The rubber additives market is mainly driven by the growth in the demand for automobiles. These additives 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 an increased demand for rubber additives.
The growing environmental concerns and the stringent governmental regulations are the biggest restraints of the rubber additives market. The processing of natural rubber yields effluents into the air that pollute the environment. The wastewater discharged from rubber processing contains a high level of biological oxygen demand compounds. These compounds are biodegradable and lead to high oxygen consumption
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Global Rubber Additives Market Geographical Analysis:
The main economy generating regions are North America, Asia-Pacific and Europe. The market has been further categorized on the basis of major countries in these regions. Asia-Pacific is the fastest-growing market for rubber additives. 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 additives from the tire industry is further driving the market in this region. The economic development in the region has led to an increased demand for vehicles, driving the market for rubber additives.
Some of the Key Players in Global Rubber Additives Market are:
Lanxess AG
Solvay SA
Akzonobel N.V
Arkema SA
BASF SE
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