Rubber Chemicals Market
Rubber Chemicals Market Forecasts to 2030 - Global Analysis By Type (Antidegradants, Accelerators, Rubber Flame Retardants, Processing Oils, Vulcanizing Agent, Activators and Other Types), Application and by Geography
According to Stratistics MRC, the Global Rubber Chemicals Market is accounted for $6.12 billion in 2024 and is expected to reach $8.94 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Essential additives used in the manufacturing and processing of rubber goods are rubber chemicals. In addition to speeding up the vulcanization process, these compounds also increase durability, elasticity, and resistance to oxidation, heat, and aging. Accelerators, plasticizers, vulcanizing agents, and anti-oxidants are examples of common rubber chemicals. Moreover, each variety has a distinct function in enhancing the qualities of rubber, guaranteeing that the finished product satisfies the performance requirements for a range of uses, from industrial seals to automobile tires.
According to the American Chemical Society, the use of advanced rubber chemicals is critical for enhancing the performance and longevity of rubber products across various industries. These chemicals not only improve the material properties but also contribute to more sustainable and efficient production processes.
Market Dynamics:
Driver:
Growing customer interest in sturdy products
Product preferences are changing in favor of goods with higher levels of performance, value, and durability. Rubber materials are employed in a variety of industries, including consumer electronics, home goods, and sports equipment, because of their durability and practical advantages. The need for durable, high-quality products drives up demand for cutting-edge rubber chemicals, which improve the qualities of rubber components. Additionally, innovative product designs that call for specific rubber materials, long-lasting consumer goods, and high-performance sports equipment are all examples of this trend.
Restraint:
Variable costs of raw materials
Raw materials for rubber chemicals, including sulfur, different additives, and natural and synthetic rubbers, can have highly fluctuating costs. Geopolitical unrest, shifts in worldwide demand, and interruptions in the supply chain are some of the variables that affect price fluctuations. For example, the price of petroleum-based chemicals such as synthetic rubber is affected by changes in the price of crude oil. Furthermore, the unpredictable nature of prices can result in higher production costs and impact manufacturers' profit margins.
Opportunity:
Developments in sustainable and green technologies
Sustainability and environmental responsibility are becoming more and more important in all sectors of the economy. The market for rubber chemicals offers the chance to be creative and produce environmentally friendly goods that satisfy legal requirements and consumer demands for long-term fixes. Creating recyclable materials, bio-based rubber chemicals, and environmentally friendly processes are all part of this. Moreover, businesses can obtain a competitive advantage, draw in eco-aware clients, and support international sustainability objectives by emphasizing green technologies and sustainable business practices.
Threat:
Regulatory and conformance difficulties
The rubber chemicals sector is subject to strict regulations pertaining to product quality, health and safety, and environmental protection. Having to make large investments in technology, procedures, and documentation can make compliance with these regulations difficult and expensive. Reformulating products may become necessary due to increased operational costs resulting from regulatory changes like tighter emissions standards or prohibitions on hazardous substances. Additionally, legal repercussions, product recalls, and reputational harm to a business can arise from breaking regulations.
Covid-19 Impact:
The COVID-19 pandemic caused severe supply chain disruptions, production halts, and notable demand fluctuations, all of which had a substantial effect on the rubber chemicals market. Lockdowns and restrictions caused manufacturing facilities to temporarily close and delayed the supply of raw materials, and lower economic activity and consumer spending in the construction and automotive sectors led to a decline in the demand for rubber products. Furthermore, the pandemic hastened the transition to remote work and e-commerce, which has affected the market for specific rubber applications.
The Processing Oils segment is expected to be the largest during the forecast period
Processing Oils segment usually holds the largest share in the Rubber Chemicals Market. Processing oils play a critical role in the rubber manufacturing process by enhancing the workability and flow of rubber compounds during processing and by affecting the final properties of the rubber product. To get the required performance and quality out of the rubber, these oils are used to lower viscosity and improve the dispersion of other additives. Moreover, processing oils are in high demand because of their important contribution to improving the productivity and caliber of rubber production in a variety of applications, such as consumer goods, industrial, and automotive.
The Automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment usually has the highest CAGR in the rubber chemicals market. Innovations in rubber chemistry have led to increased durability, safety, and fuel efficiency in the automotive sector, which is driving this growth in demand for high-performance tires and components. Additionally, specialized rubber chemicals are predicted to become increasingly in demand as the automotive industry innovates with electric vehicles and higher performance standards, making it the fastest-growing segment in this market.
Region with largest share:
The market for rubber chemicals is dominated by the Asia-Pacific region. The region's strong automotive and industrial manufacturing sectors and strong consumer demand are the main causes of its dominance. Major contributors include China and India, whose extensive industrialization and rising car production are the main causes. Furthermore, the area's growing infrastructural expenditures and technological developments in rubber processing also support its dominant position in the world market.
Region with highest CAGR:
With the highest CAGR, the rubber chemicals market is expanding significantly in the Latin American region. The expanding construction and automotive industries are the main drivers of this growth since they increase demand for rubber goods and, by extension, rubber chemicals. Rubber chemical consumption is rising as a result of nations like Brazil and Mexico developing their infrastructure and industrial bases. Moreover, the region's fast market expansion is also being aided by investments in manufacturing capabilities and bettering economic conditions.
Key players in the market
Some of the key players in Rubber Chemicals market include Akzonobel, Sumitomo Chemical, Linkwell Rubber Chemicals, Akrochem Corporation, Kumho Petrochemical, PMC Group, Agrofert, Lanxess, Polmann India Ltd, Solvay, Eastman, The Chemours Company, Finornic Chemicals (India) Pvt. Ltd, Seya Industries Ltd and Vagmi Chemicals Pvt Ltd.
Key Developments:
In December 2023, Sumitomo Corporation together with ENEOS Corporation and SEDC Energy has signed a Joint Development Agreement for the establishment of a clean hydrogen supply chain utilizing renewable energy in Malaysia. The clean hydrogen supply chain to be jointly developed under the Agreement aiming approximately 90,000 tons per year of clean hydrogen production, converting the hydrogen to MCH, an efficient form of hydrogen transportation, and exporting MCH to Japan.
In September 2023, PMC Group had entered into a conditional sale and purchase agreement with Inter Mark Resources Sdn Bhd to acquire the remaining 49% equity interest in A & W (Malaysia) Sdn Bhd for a purchase consideration of RM69, 454,595. The group aims to satisfy the purchase via a combination of cash payment of RM41, 672,757 and the issuance of new ordinary shares in the group at an issue price of RM0.25 per Consideration Share.
In May 2023, Global petrochemical company Kumho Petrochemical Co. (KKPC) and Hankook Tire have signed a Memorandum of Understanding (MOU) for the development of eco-friendly tires, utilizing eco solution-polymerized Styrene-Butadiene Rubber (Eco-SSBR). The MOU signing took place at the headquarters of KKPC, located in Jung-gu, Seoul, Korea.
Types Covered:
• Antidegradants
• Accelerators
• Rubber Flame Retardants
• Processing Oils
• Vulcanizing Agent
• Activators
• Other Types
Applications Covered:
• Automotive
• Medical
• Industrial
• Consumer Goods
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rubber Chemicals Market, By Type
5.1 Introduction
5.2 Antidegradants
5.3 Accelerators
5.4 Rubber Flame Retardants
5.5 Processing Oils
5.6 Vulcanizing Agent
5.7 Activators
5.8 Other Types
6 Global Rubber Chemicals Market, By Application
6.1 Introduction
6.2 Automotive
6.3 Medical
6.4 Industrial
6.5 Consumer Goods
6.6 Other Applications
7 Global Rubber Chemicals Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Akzonobel
9.2 Sumitomo Chemical
9.3 Linkwell Rubber Chemicals
9.4 Akrochem Corporation
9.5 Kumho Petrochemical
9.6 PMC Group
9.7 Agrofert
9.8 Lanxess
9.9 Polmann India Ltd
9.10 Solvay
9.11 Eastman
9.12 The Chemours Company
9.13 Finornic Chemicals (India) Pvt. Ltd
9.14 Seya Industries Ltd
9.15 Vagmi Chemicals Pvt Ltd
List of Tables
1 Global Rubber Chemicals Market Outlook, By Region (2022-2030) ($MN)
2 Global Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
3 Global Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
4 Global Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
5 Global Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
6 Global Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
7 Global Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
8 Global Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
9 Global Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
10 Global Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
11 Global Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
12 Global Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
13 Global Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
14 Global Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
15 Global Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
16 North America Rubber Chemicals Market Outlook, By Country (2022-2030) ($MN)
17 North America Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
18 North America Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
19 North America Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
20 North America Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
21 North America Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
22 North America Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
23 North America Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
24 North America Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
25 North America Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
26 North America Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
27 North America Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
28 North America Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
29 North America Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
30 North America Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
31 Europe Rubber Chemicals Market Outlook, By Country (2022-2030) ($MN)
32 Europe Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
33 Europe Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
34 Europe Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
35 Europe Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
36 Europe Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
37 Europe Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
38 Europe Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
39 Europe Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
40 Europe Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
41 Europe Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
42 Europe Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
43 Europe Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
44 Europe Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
45 Europe Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
46 Asia Pacific Rubber Chemicals Market Outlook, By Country (2022-2030) ($MN)
47 Asia Pacific Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
48 Asia Pacific Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
49 Asia Pacific Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
50 Asia Pacific Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
51 Asia Pacific Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
52 Asia Pacific Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
53 Asia Pacific Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
54 Asia Pacific Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
55 Asia Pacific Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
56 Asia Pacific Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
57 Asia Pacific Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
58 Asia Pacific Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
59 Asia Pacific Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
60 Asia Pacific Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
61 South America Rubber Chemicals Market Outlook, By Country (2022-2030) ($MN)
62 South America Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
63 South America Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
64 South America Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
65 South America Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
66 South America Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
67 South America Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
68 South America Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
69 South America Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
70 South America Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
71 South America Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
72 South America Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
73 South America Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
74 South America Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
75 South America Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
76 Middle East & Africa Rubber Chemicals Market Outlook, By Country (2022-2030) ($MN)
77 Middle East & Africa Rubber Chemicals Market Outlook, By Type (2022-2030) ($MN)
78 Middle East & Africa Rubber Chemicals Market Outlook, By Antidegradants (2022-2030) ($MN)
79 Middle East & Africa Rubber Chemicals Market Outlook, By Accelerators (2022-2030) ($MN)
80 Middle East & Africa Rubber Chemicals Market Outlook, By Rubber Flame Retardants (2022-2030) ($MN)
81 Middle East & Africa Rubber Chemicals Market Outlook, By Processing Oils (2022-2030) ($MN)
82 Middle East & Africa Rubber Chemicals Market Outlook, By Vulcanizing Agent (2022-2030) ($MN)
83 Middle East & Africa Rubber Chemicals Market Outlook, By Activators (2022-2030) ($MN)
84 Middle East & Africa Rubber Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
85 Middle East & Africa Rubber Chemicals Market Outlook, By Application (2022-2030) ($MN)
86 Middle East & Africa Rubber Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
87 Middle East & Africa Rubber Chemicals Market Outlook, By Medical (2022-2030) ($MN)
88 Middle East & Africa Rubber Chemicals Market Outlook, By Industrial (2022-2030) ($MN)
89 Middle East & Africa Rubber Chemicals Market Outlook, By Consumer Goods (2022-2030) ($MN)
90 Middle East & Africa Rubber Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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