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Rubber Processing Chemicals Market is Projected to Grow US$ 7,000 Mn by 2026

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Rubber Processing Chemicals Market is Projected to Grow US$ 7,000 Mn by 2026
Rubber Processing Chemicals Market is Anticipated to Increase to US$ 7,000 Mn by 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.
Request for Table of Contents @
https://www.persistencemarketresearch.com/methodology/21595
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.
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.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/21595
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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