Product Code: 978-1-68038-866-4
Rubber Processing Chemicals Market Growth & Trends:
The global rubber processing chemicals market size is anticipated to reach USD 8.52 billion by 2030 and is projected to grow at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing demand for rubber products worldwide. The increasing production of vehicles and the rising trend of electric and autonomous vehicles is driving the demand for innovative components with improved performance. In addition, the construction industry's demand for rubber-based materials for roofing membranes and sealants is also contributing to market growth.
Technological advancements have significantly influenced the market, improving efficiency, product quality, and sustainability. The development of advanced mixing and extrusion technology has enabled manufacturers to produce compounds with improved properties and reduced processing times. Another technological trend in the market is adoption of sustainable and environmentally friendly practices. Environmental concerns and regulatory policies have pushed the industry to develop and implement greener solutions. For example, usage of bio-based compounds from renewable sources has gained ground. These compounds provide similar performance characteristics to traditional compounds while reducing dependence on petroleum-based raw materials.
Rubber processing generates large amounts of wastewater, which leads to serious health problems if left untreated. In addition, manufacturing processes, such as extrusion and die casting, lead to excess fatalities from hematopoietic, stomach, bladder, lung, and other cancers. As a result, some regulatory agencies, such as the New Source Performance Standards (NSPS) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), have strict regulations for using and handling chemicals and wastewater treatment from processing factories. Growing health and environmental concerns have led to the use of alternatives such as reinforced natural fibers made from processed vegetable oil plants and cellulose. For example, Japan's Yokohama Tire Corporation uses oil derived from modified natural rubber and orange peel to produce tires. These eco tires also have better grip when braking and cornering.
Rubber Processing Chemicals Market Report Highlights:
- Anti-degradants dominated the product segment with a 50.03% revenue share in 2023 owing to their increasing use in improving performance, heat resistance, and tensile strength of products across end-user industries
- The non-tire application segment is expected to grow at the fastest CAGR over the forecast period due to the diversification of applications around the globe
- Asia Pacific dominated the market owing to factors such as the presence of abundant raw materials as well as growth of end-user industries such as construction and automobiles in the region
- In January 2022, Sumitomo Rubber Industries announced a USD 128 million expansion of its tire manufacturing facility in Sheridan Drive from its current expanse of 55,000 square feet
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Rubber Processing Chemicals Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Distribution Channel Analysis
- 3.2.2. Raw Material Trends
- 3.2.3. Technological Overview
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Rubber Processing Chemicals Market: Product Estimates & Trends Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Rubber Processing Chemicals Market Estimates & Forecasts, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Anti-degradants
- 4.3.1. Anti-degradants Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Accelerators
- 4.4.1. Accelerators Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Flame Retardants
- 4.5.1. Flame Retardants Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Processing Aid/ Promoters
- 4.6.1. Processing Aid/Promoters Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Other Products
- 4.7.1. Others Products Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Rubber Processing Chemicals Market: Application Estimates & Trends Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Rubber Processing Chemicals Market Estimates & Forecasts, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Tire
- 5.3.1. Rubber Processing Chemicals Market Revenue Estimates and Forecasts, in Tire 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Non-Tire
- 5.4.1. Rubber Processing Chemicals Market Revenue Estimates and Forecasts, in Non-Tire, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Rubber Processing Chemicals Market: Regional Estimates & Trends Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key country dynamics
- 6.2.3.2. Canada rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Mexico rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Germany rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key country dynamics
- 6.3.3.2. UK rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. France
- 6.3.4.1. Key country dynamics
- 6.3.4.2. France rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Italy rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Spain rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key country dynamics
- 6.4.2.2. China rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Key country dynamics
- 6.4.3.2. Japan rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. India
- 6.4.4.1. Key country dynamics
- 6.4.4.2. India rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key country dynamics
- 6.4.5.2. South Korea rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Brazil rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Argentina rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Saudi Arabia rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. Key country dynamics
- 6.6.3.2. South Africa rubber processing chemicals market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Rubber Processing Chemicals Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. New Product Launches
- 7.5.5. Research And Development
- 7.6. Company Profiles
- 7.6.1. Lanxess
- 7.6.1.1. Participant's overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Product benchmarking
- 7.6.1.4. Recent developments
- 7.6.2. Solvay
- 7.6.2.1. Participant's overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Product benchmarking
- 7.6.2.4. Recent developments
- 7.6.3. Akzo Nobel N.V.
- 7.6.3.1. Participant's overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Product benchmarking
- 7.6.3.4. Recent developments
- 7.6.4. BASF SE
- 7.6.4.1. Participant's overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Product benchmarking
- 7.6.4.4. Recent developments
- 7.6.5. Arkema
- 7.6.5.1. Participant's overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Product benchmarking
- 7.6.5.4. Recent developments
- 7.6.6. Eastman Chemical Company
- 7.6.6.1. Participant's overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Product benchmarking
- 7.6.6.4. Recent developments
- 7.6.7. R.T. Vanderbilt Holding Company, Inc.
- 7.6.7.1. Participant's overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Product benchmarking
- 7.6.7.4. Recent developments
- 7.6.8. Behn Meyer
- 7.6.8.1. Participant's overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Product benchmarking
- 7.6.8.4. Recent developments
- 7.6.9. KUMHO PETROCHEMICAL
- 7.6.9.1. Participant's overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Product benchmarking
- 7.6.9.4. Recent developments
- 7.6.10. Paul & Company
- 7.6.10.1. Participant's overview
- 7.6.10.2. Financial performance
- 7.6.10.3. Product benchmarking
- 7.6.10.4. Recent developments
- 7.6.11. A.C. Grace Company
- 7.6.11.1. Participant's overview
- 7.6.11.2. Financial performance
- 7.6.11.3. Product benchmarking
- 7.6.11.4. Recent developments
- 7.6.12. China Petrochemical Corporation
- 7.6.12.1. Participant's overview
- 7.6.12.2. Financial performance
- 7.6.12.3. Product benchmarking
- 7.6.12.4. Recent developments
- 7.6.13. Merchem Limited
- 7.6.13.1. Participant's overview
- 7.6.13.2. Financial performance
- 7.6.13.3. Product benchmarking
- 7.6.13.4. Recent developments