The rubber Additives Market is segmented By Type (Accelerators, Activators, Peptizers, Antidegradants, Plasticizers, Tackifiers, Vulcanization Inhibitors, Rubber Antioxidant, Insoluble Sulfur, Others), By Materials (Fiber, Silica, Silicates, Carbon Black, Others), By Coating Agents (Silicon, Teflon, Others), By Application( Tiers, Adhesives, Electric Cables And Hoses, Insulation, Specialty Tapes, Others), By End-User(Tire & Tubing, Consumer Goods, Construction, Electrical Insulation, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.
Rubber Additives Market Overview
The global rubber additives market report analyses the size, shares, recent trends, competitive intelligence, and future market outlook. Rubber additives market usage in the rubber industry is on the rise. Demand from tire & tubing, consumer goods in ‘Asia Pacific’ is rising. The competitive rivalry intensifies with Akrochem Corporation, Akzo Nobel N.V., and others active in the market.
Rubber Additives Market Scope
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Metrics |
Details |
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Market CAGR |
3.70% |
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Segments Covered |
By Type, By Materials, By Coating Agents, By Application, By End-user, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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The Rubber Additives Market reached USD million in 2021 and is expected to record significant growth by reaching up to USD million by 2030, growing at a CAGR of 3.70% during the forecast period (2022-2029). Rubber additives are a collective term for various fine chemical products that are added as natural or synthetic rubber and processed into rubber products. Rubber additives are used to give rubber products performance, guarantee their usefulness and enhance the throughput of rubber compounds. In the rubber industry, rubber additives are crucial auxiliary raw materials. Rubber additives are crucial for advancing rubber processing techniques, reducing energy consumption,n, and raising product quality. Although additives are used relatively in small amounts in the rubber industry, they are crucial to improving the product's performance during processing and application.
As per DataM Intelligence, the Rubber Additives Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Rubber Additives Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. The rubber Additives Market in the United States and Canada produces the utmost share. Whereas the European Rubber Additives Market is projected to continue its presence globally from 2022 to 2030.
Rubber Additives Market Dynamics
Increasing demand for rubber in various end-user verticals is a major market driver for the respective market. Nonetheless, growing environmental awareness and stringent laws restrain the market's growth.
Increasing demand for rubber in various end-user verticals
The market for rubber additives is driven by the automotive industry's rising demand for the highest caliber processed rubber, as can be easily understood. The demand for cars is rising due to the expanding population and rising consumer spending power these need to improve the properties of rubber, which is used to make automotive tires, in turn, drives the market for rubber additives.
But there is also a significant increase in the demand for rubber additives in non-tire applications. Wipers, shoes, rubber goods, rubber mats, automotive body parts, insulation, conveyor belt, ts, and rubber insulation tapes are a few examples of non-tire applications for rubber additives. Additionally, the market for rubber additives is driven by the growing demand for high-quality rubber products. The Asia-Pacific region's developing countries, especially China and India, are rapidly industrializing, increasing the demand for rubber goods even further.
Growing environmental awareness and associated stringent laws with rubber additive usage
The International Agency on Research for Cancer report states that the rubber manufacturing industry has contributed significantly to air pollution. During the heating and formation of latex sheets, this industry essentially introduces unwanted latex fumes into the atmosphere. Further, numerous different chemicals are included in rubber formulations, with each one being added with a specific purpose in mind. There are numerous rules that rubber chemists must abide by because creating rubber compounds is such a special process. The European Union Medical Device Regulations (EUMDR), International Material Data System (IMDS), EPA, REACH, IPC 1752, Proposition 65, and other regulations are among the most important ones that have been put in place. As a result, the market for rubber additives is also restricted by the strict rules and regulations established by the government. The environment is also harmed by the emission of pollutants and gases released during rubber manufacture. As a result, any restrictions placed on this activity could impede market expansion.
COVID-19 Impact Analysis on Rubber Additives Market Growth
Like any other market, the global rubber additives market was negatively impacted by COVID-19's initial waves, but the pandemic's overall effect was only moderate. Rubber additive production has been hampered by the need for skilled labor, large-scale industrial reagents, and heavy machinery for the industrial-scale synthesis of rubber additives. Production was severely hampered during the pandemic by industry curfews and the need for social isolation. The COVID-19 pandemic's global lockdown also severely hampered the supply of raw materials needed to make rubber additives and finished goods. The demand-supply dynamics of the rubber additives market were severely impacted.
Since the automotive, construction and related industries use rubber additives most frequently. Lockdowns and a lack of access to raw materials in these industries decreased overall activity in these end-use sectors, decreasing market demand for chlorinated rubber. The global market for rubber additives has, however, grown incredibly since the restrictions were lifted. The anticipated growth of the automotive and tire industries in the post-COVID-19 environment further stimulates the market.
Rubber Additives Market Segment and Shares Analysis
The global rubber additives market is classified based on type, material, coating agents, application, end-user, and region.
The growing demand for automotive wheels and materials to drive rubber additives
Rubber additives are frequently utilized in the production of rubber and related goods. The global market for rubber additives has been driven by the rising demand for rubber in tire manufacturing in the automotive industry. China produces over 800,000 tonnes of natural rubber annually, making it one of the world's top producers. Rubber additives have a potential market in China because they treat both natural and synthetic rubber.
Further, China approved two projects involving sophisticated synthetic rubber. The "Technical License Contract for TBIR and Integrated Rubber" was formally signed by Shandong Yulong Petrochemical Co. Ltd. and the Petrochemical Research Institute of CNPC. Butadiene and isoprene are copolymers in the rubber known as TBIR. It is an artificial rubber that China has not yet industrialized. Rubber additives have a wide range of industrial applications, including high-performance tires, low-temperature parts, and sealing materials needed by the military industry.
Rubber Additives Geographical Analysis
The growing automotive market in Asia-Pacific boosts the region’s rubber additives market
Asia-Pacific is the largest market for rubber additives, followed by Europe and North America. The rubber additives market is anticipated to increase, expected to drive the growth of automotive vehicles and high production in China and Japan. India, Malaysia, Thailand, and Indonesia are the top five rubber producers globally. During this period, the rubber additives market is anticipated to grow due to more stringent regulations on the region's carbon emissions and fuel efficiency. According to analysis, China dominated the Asia-Pacific passenger car production sector, producing a staggering 19.97 million passenger cars, followed by India. Japan generated an impressive 6.95 million passenger cars in 2020.
The second-largest rubber additives market is in Europe due to Germany's massive automotive industry. Due to fierce competition from Chinese producers, European manufacturers are forced to produce high-tech goods. In addition, the region's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) laws have forced the manufacturers of rubber additives to create environmentally friendly products.
Rubber Additives Companies and Competitive Landscape
The global rubber additives market is highly dynamic regarding global and local producers' numbers and strengths. The market is fragmented due to numerous large-scale manufacturers such as Akrochem Corporation, Akzo Nobel N.V., Arkema, BEHN MEYER, Eastman Chemical Company, BASF SE, Thomas Swan & Co. Ltd., LUMITOS AG, Wacker Chemie AG, and Solvay. Pivotal market stakeholders employ tactics like mergers, acquisitions, product launches, contributions, and collaborations to gain competitive advantages and recognition in their respective markets.
BASF SE
Overview: A multinational chemical manufacturer, BASF SE, makes chemicals for various industries. With more than 700,000 shareholders, it is one of the biggest publicly traded companies. The business has divided its product line into 13 categories. The company sells its goods in 16 different industries, including transportation, chemicals, construction, electronics and electricity, energy and resources, furniture and wood, home care and cleaning, agriculture, and other industries. Ludwigshafen is home to more than 30 Group companies owned by BASF SE. Located in more than 90 countries, BASF SE has 6 verbund sites and 241 additional production sites.
Product Portfolio:
- Korean: A tackifier, the product offers superior tack performance, dependability, high quality, processing flexibility, and uniformity. It is interoperable with all existing rubber formulations and gives rubber compounds a high initial and long-lasting tackiness. Koresin enables tackiness adjustment by processing requirements, providing consistent tack at all desired levels. In the production of high-quality and premium tires for OEM, replacement, and retreading, as well as for industrial and technical rubber goods, koresin is successfully used.
Key Development:
- BASF SE announced a price increase for antioxidant additives used in elastomer/rubber applications on March 14, 2022. Due to the significantly increased cost of stearyl alcohol and logistics, the price has been adjusted.
