Global Market Study on Rubber Processing Chemicals:
Antidegradants Anticipated to be the Most Lucrative
Product Type During 2017 - 2026
Due to the growing demand from important end-use industries such as the tires
industry, the global rubber processing chemicals market is exhibiting a steady
growth. There is a growing demand for rubber in the automotive sector due to
its various inherent advantages. This increasing demand from the automotive
industry, especially in the developing countries, is boosting revenue growth of
the global rubber processing chemicals market. A new report prepared by
Persistence Market Research titled ‘Rubber Processing Chemicals Market:
Global Industry Analysis 2012-2016 and Forecast 2017-2026’ studies the
global rubber processing chemicals market in great detail and gives out the
projections of this market over a nine year assessment period starting from the
year 2017 and ending in the year 2026. This report presents the value forecast
of the global rubber processing chemicals market and studies in detail the key
market dynamics operating in the global rubber processing chemicals market in
the form of drivers, restraints, opportunities and trends. As per the projections
of Persistence Market Research, the global rubber processing chemicals market
was estimated to be valued at nearly US$ 4,750 Mn at the end of the year 2017
and is likely to reach a figure of nearly US$ 7,000 Mn at the end of the period
of forecast in the year 2026, and in the process exhibit a CAGR of 4.5% during
the time span of 2017-2026.
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Antidegradants Largest Product Type in Terms of Revenue
The antidegradants product type category is the largest segment by value and is
slated to display a CAGR Of 4.4% during the period of forecast. This segment
is likely to reach a market valuation of nearly US$ 4,500 Mn by the end of the
period of forecast in the year 2026.
Tires and Related Products Largest Application Segment
The tires and related products segment in the application category of the global
rubber processing chemicals market is likely to exhibit a CAGR of 4.2% during
the period of forecast. This segment was estimated to be valued at nearly US$
3,300 Mn in 2017.
Tire End Use Segment to Witness the Fastest Growth
The tire segment in the end user industry category of the global rubber
processing chemicals market is slated to exhibit the fastest CAGR of 4.6%
during the period of forecast and is likely to reach a market valuation of nearly
US$ 5,000 Mn by 2026 end.
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APEJ to Dominate the Global Rubber Processing Chemicals Market in
Terms of Value
The APEJ regional market leads the global rubber processing chemicals market
and is expected to display a CAGR of 5.6% during the period of forecast. The
APEJ rubber processing chemicals market is anticipated to reach a valuation of
nearly US$ 4,500 Mn by the end of the period of assessment in 2026.
Competition Landscape of the Global Rubber Processing Chemicals
Market
Some of the key players operating in the global rubber processing chemicals
market have been profiled in the competition landscape section of this report.
Featured companies include NOCIL ltd., The Chemours Co., Arkema SA,
Kumho Petrochemical Co. Ltd., Eastman Chemical Company, BASF SE,
Sumitomo Chemical, Crofa International PlC, Solvay SA and Lanxess AG.
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