WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.
Global cristobalite will increase steadily over the next...
The Gold Nanoparticles is forecast to crazy increase...
The Flue Gas Desulfurization is forecast to steadily...
According to the WK-chem Research “Global Epoxy Reactive...
Global Rubber Antioxidan Market InsightFebruary 8, 2022 Comments
The rubber antioxidan is forecast to moderate growth over the next few years. According to the WK-chem Research “Global Rubber Antioxidan Professional Survey Report 2022, Forecast to 2027”, With the continuous growth of the global automobile industry, the demand for rubber antioxidants for the production of tires, rubber belts and other components in the automobile industry in both developed and developing countries continues to increase. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 2.36% base on WK-chem Research regression analysis model.
Companies are adopting M&A strategies to expand their market share, said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. Locating production facilities in places with easy access to land, cheap labor and government subsidies, such as emerging economies in Asia Pacific and Latin America, is expected to maximize benefits.
Rapidly increasing production and sales of automobiles, coupled with increasing demand for rubber antioxidants from the automotive industry for production of tires, rubber belts and other components in developed and developing countries are major factors expected to drive growth of the global rubber antioxidant market. In addition, increasing adoption of rubber antioxidants by the manufacturers of dynamic and static heavy capacity rubber products such as tire cables, tubes, hoses, belts, and adhesive tapes is expected to support growth for the global rubber antioxidant market in the coming years.
However, stringent government regulations regarding safe disposal of contaminated wastewater from rubber processing industry, along with rising usage of hazardous chemicals that have long-lasting negative effects on environment are major factors that could hamper growth of the global rubber antioxidant market.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Rubber Antioxidan companies that include Eastman, Kumho Petrochemical, Lanxess, Agrofert (Duslo), Nocil, OUCHI SHINKO CHEMICAL, DYNASOL (GENERAL QUIMICA), Sennics, XiangYu-Chem, Kemai Chemical, Sunsine, NCIC.
Segmentation of Rubber Antioxidan Market:
According to the type rubber antioxidan industry can be divided into PPDs, RD (TMQ) and others. Among the segments based on type, the Paraphenylene Diamine antidegradants (PPDs) segment is expected to account for major share in the global rubber antioxidant market in terms of revenue over the forecast period. PPDs are recognized as the most powerful class of chemical antiozonants, antiflexcracking agents and antioxidants, and hence are commonly used as a primary antioxidant in rubber processing.
Rubber antioxidan can be widely used in tires, automotive rubber products, others. Among the segments based on application, the tire segment is expected to contribute major share in the target market in the next 10 years. This can be attributable to rising number of production and sale of vehicles across the world and adoption of tires that are made through advanced technologies. In addition, increasing demand and adoption of electric vehicles and two-wheelers is another major factor expected to fuel growth of the segment to a significant extent.
Rubber Antioxidan Market: Regional Analysis
In terms of geography, the global Rubber Antioxidan market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia Pacific market is expected to account for the highest share in the global rubber antioxidant market in terms of revenue over the forecast period. This is attributed to increasing sales of vehicles such as cars, passenger vehicles and two-wheelers, along with increasing production of tires to meet the demand for production purposes, especially by the automotive industry in the countries such as China and India in the region. In the Asia Pacific rubber antioxidant market, the China market is expected to lead in terms of production of rubber antioxidants and is anticipated to maintain its dominant position over the forecast period and contribute to the Asia Pacific market growth.
The North America market is projected to register moderate growth rate in the next 5 years, owing to presence of large number of tires and rubber industries. The Europe market is projected to register significant growth rate over the forecast period, owing to increasing demand for automotive rubber products in countries such as the UK, France, and Germany. The market in Middle East & Africa is estimated to account for moderate share in terms of revenue in the global market owing to increasing sales of cars in the countries in the Middle East.
Various manufacturers are focusing on starting manufacturing units in Latin America owing to easy availability of low-cost labor and reduced cost of production as compared to that in developed regions.
Largest share area：Asia Pacific
Largest share country：China
Product Type：PPDs, RD (TMQ) and Others
Application：Tires, Automotive Rubber Products, Others
Leading Company：Eastman, Lanxess, Nocil, Kumho Petrochemical, Agrofert (Duslo)