Product Code: CMI6615
The Rubber Processing Chemicals Market size was valued at US$ 6.39 Billion in 2023 and is expected to reach US$ 8.52 Billion by 2031, growing at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2023/2024: |
US$ 6.39 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: |
3.70% |
2030/2031 Value Projection: |
US$ 8.52 Bn |
Figure 1. Global Rubber Processing Chemicals Market Share (%), by Region, 2023
The rubber processing chemicals market has been growing steadily over the past few decades driven by rising demand from the tire industry as well as other rubber goods industries. Rubber chemicals play a vital role in imparting different properties and characteristics to raw rubber during the vulcanization process and production of different rubber articles. Antidegradants, accelerators, flame retardants, processing aids and other types of chemicals are used at various stages of rubber processing like mixing, vulcanization, fabrication etc. Going forward, the market is expected to witness lucrative growth in the coming years with the steady growth of the automotive industry and manufacturing activity worldwide. The rubber processing chemicals market has been growing significantly over the past few years due to the increasing demand for rubber products across various end-use industries such as automotive, manufacturing, consumer goods, and others. Rubber processing chemicals are additives added during the manufacturing and processing of rubber to impart specific properties and qualities. They are mostly utilized in tire and tube production as well as other rubber products. Factors such as increasing automobile production, recovering construction activities, and rapid industrialization in emerging economies are propelling the demand for rubber products, which in turn is driving the growth of the rubber processing chemicals market.
Market Dynamics:
The rubber processing chemicals market is driven by growing demand from the tire industry as well as other rubber goods industries globally. Some key factors pushing the demand include rising vehicle production and sales, growing transportation and logistics sector, and rapid urbanization in developing nations boosting infrastructure development. Additionally, steady growth of end-use industries like construction, footwear, industrial rubber goods etc. is also positively impacting the rubber chemicals market. However, stringent environmental regulations surrounding vulcanization chemicals and rising preference for alternatives to natural rubber may hinder the market growth. On the other hand, development of novel grades of rubber compounds for specialty applications in industries like mining, oil & gas, agriculture presents new opportunities for rubber chemicals manufacturers.
Key features of the study:
- This report provides in-depth analysis of the global rubber processing chemicals market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global rubber processing chemicals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Lanxess, Solvay, Akzo Nobel N.V., BASF SE, Arkema, Eastman Chemical Company, R.T. Vanderbilt Holding Company, Inc., Behn Meyer, KUMHO PETROCHEMICAL, Paul & Company, China Petrochemical Corporation, Merchem Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global rubber processing chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rubber processing chemicals market.
Rubber Processing Chemicals Market Segmentation:
- Rubber Processing Chemicals Market, By Product
- Anti-degradants
- Accelerators
- Flame Retardants
- Processing Aid/Promoters
- Others
- Rubber Processing Chemicals Market, By Application
- Rubber Processing Chemicals Market, By Region
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East and Africa
- Top companies in Rubber Processing Chemicals Market:
- Lanxess,
- Solvay,
- Akzo Nobel N.V.,
- BASF SE,
- Arkema, Eastman Chemical Company,
- R.T. Vanderbilt Holding Company, Inc.,
- Behn Meyer,
- KUMHO PETROCHEMICAL,
- Paul & Company,
- China Petrochemical Corporation,
- Merchem Limited.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Rubber Processing Chemicals Market, By Product
- Rubber Processing Chemicals Market, By Application
- Rubber Processing Chemicals Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Rising Demand for Tires in Automotive Industry
- Growing Usage of Specialty Rubbers
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Rubber Processing Chemicals Market-Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Impact Space Medicine Market
5. Rubber Processing Chemicals Market, By Product, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Anti-degradants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Accelerators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Flame Retardants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Processing Aid/Promoters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
6. Rubber Processing Chemicals Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Tire
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Non-Tire
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
7. Rubber Processing Chemicals Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2031 (%)
- Y-o-Y Growth Analysis, For Region 2019 -2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Lanxess
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Solvay
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Akzo Nobel N.V
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- BASF SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Arkema
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Eastman Chemical Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- R.T. Vanderbilt Holding Company, Inc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Behn Meyer, KUMHO PETROCHEMICAL
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Paul & Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- China Petrochemical Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Merchem Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
9. Section
- Research Methodology
- About us