The latest research study “Rubber Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global rubber additives market reached a value of US$ 5.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.70 Billion by 2027 exhibiting a CAGR of 4.30% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Rubber additives represent the ingredients that are added to natural and synthetic latex to obtain desirable properties. They generally include lubricants, protectants, stabilizers, emulsions, tackifiers, process aids, curing agents, antioxidants, surfactants, polymers, vulcanizing agents, etc. Rubber additives comprise of plasticizers and fillers that improve durability and performance, enhance flexibility, provide flow, minimize compound viscosity, etc. Presently, manufacturers are offering an innovative range of product variants, such as dispersions for eliminating cross-contamination of dry pigments. Consequently, rubber additives are extensively utilized in tires, electric tables, conveyor belts, etc.
Global Rubber Additives Market Trends and Drivers:
The widespread product adoption in the construction of residential and commercial buildings, on account of its heat-, mechanical stress-, and vibration-resistant properties, is among the key factors driving the rubber additives market. Additionally, the introduction of specialty lubricants for improving the endurance, efficiency, and performance of rubber compounds is further catalyzing the market growth. Besides this, the increasing utilization of rubber additives in the agriculture industry for making hoses that aid in the optimal distribution of water across the fields, owing to the emerging trend of smart irrigation practices, is acting as another significant growth-inducing factor. Moreover, the growing investments by government bodies in the refurbishment of aging grid infrastructures and establishing sustainable electricity transmission and distribution (T&D) networks are projected to fuel the rubber additives market in the coming years.
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The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are Akrochem Corporation, Arkema S.A., BASF SE, Behn Meyer Holding AG, China Petroleum & Chemical Corporation, China Sunsine Chemical Holdings Ltd., Eastman Chemical Company, Lanxess AG, Nocil Ltd., Solvay S.A., Struktol Company of America LLC (Schill + Seilacher GmbH), Sumitomo Chemical Co. Ltd. and Thomas Swan & Co. Ltd.
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