DUBLIN, September 18, 2023 (GLOBE NEWSWIRE) — “Rubber Processing Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2023-2028” Report added ResearchAndMarkets.com Recruitment.
The global rubber processing chemicals market achieved a major milestone in 2022, with the market size reaching USD 4.9 billion. According to forecasts, this upward trajectory is expected to continue, with the market expected to reach USD 6.7 billion by 2028, at an impressive compound annual growth rate (CAGR) of 5.4% during the period 2023-2028. is shown.
Rubber processing chemicals are essential components in the rubber industry, improving the physical properties of natural and synthetic rubber products. These chemicals include a variety of types, including antidegradants, accelerators, flame retardants, processing aids, vulcanizing agents, stabilizers, blowing agents, and adhesion promoters.
They play a vital role in improving properties such as elasticity, hardness, heat resistance, abrasion resistance, and tensile strength, making rubber products commercially viable. Additionally, it protects against damage caused by oxidation and dynamic stress. These chemicals have extensive applications in the manufacture of tires, linings, coatings, conveyor belts, gaskets, seals, hoses, etc.
The global market for rubber processing chemicals is booming due to the increased adoption of synthetic rubber products. Industries such as construction, electronics, aerospace, medical, and footwear are in increasing demand for rubber-based sealants, insulation, roofing, and flooring. The automotive sector, which is a major contributor, utilizes these chemicals in tire manufacturing plants to maintain the quality of both pneumatic and non-pneumatic tires. Additionally, rapid urbanization trends and innovations in chemicals for improved handling are expected to further drive market growth.
The latest report covers macro and micro aspects, recent trends, key drivers, challenges, SWOT analysis, Porter’s Five Forces analysis, and value chain analysis to provide a comprehensive overview of the global Rubber Processing Chemicals market. Provide understanding. Industry players, investors, researchers, consultants, and business strategists will find this report invaluable in exploring opportunities in the Rubber Processing Chemicals market.
Key market segmentation:
type:
- Decomposition inhibitor
- Accelerator
- Flame retardants
- Processing aid
- others
application:
End use:
- Tires and related products
- Auto parts
- medical products
- footwear products
- industrial rubber products
- others
region:
- North America
- Europe
- Germany
- France
- England
- Italy
- Spain
- Russia
- others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- others
- latin america
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- others
- middle east and africa
- turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- others
Competitive environment:
The competitive environment includes major players such as BASF SE, Akzo Nobel NV, Arkema SA, Behn Meyer Holdings AG, China Petroleum & Chemical Corporation, Eastman Chemical Company, Emerald Performance Materials LLC, Emery Oleochemicals Group, Lanxess AG, Mercchem Limited, and Solvay Group. Companies are participating. , Sumitomo Chemical Co., Ltd., Vanderbilt Chemicals LLC, etc.
Key questions answered in this report:
- What is the size of the global rubber processing chemicals market in 2022?
- What is the expected growth rate of the global Rubber Processing Chemicals market from 2023 to 2028?
- What are the key factors driving the global Rubber Processing Chemicals market?
- What is the impact of COVID-19 on the global rubber processing chemicals market?
- What is the breakdown of the global Rubber Processing Chemicals market based on Type?
- What is the breakdown of the global Rubber Processing Chemicals market based on applications?
- What is the breakdown of the global Rubber Processing Chemicals market based on end use?
- Which are the key regions in the global Rubber Processing Chemicals market?
- Who are the key players/companies in the global Rubber Processing Chemicals market?
Key attributes:
| report attributes | detail |
| number of pages | 145 |
| Forecast period | 2022-2028 |
| Estimated market value in 2022 (USD) | $4.9 billion |
| Projected market value to 2028 (USD) | $6.7 billion |
| compound annual growth rate | 5.4% |
| Target area | global |
For more information about this report, please visit: https://www.researchandmarkets.com/r/uyaat2
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