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Rubber Processing Chemicals Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast

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The Global Rubber Processing Chemicals Market is estimated to value over USD 6.4 billion by 2029 end and is projected to register a CAGR of over 4% during the forecast period 2019 to 2029.
Rubber Processing Chemicals Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2029
The Global Rubber Processing Chemicals Market is estimated to value over USD 6.4
billion by 2029 end and is projected to register a CAGR of over 4% during the
forecast period 2019 to 2029.
Global Rubber Processing Chemicals Market Introduction
The demand for rubber products has increased globally, especially in the automotive
sector, who is experiencing a surge in the North American market region. There has
been a soaring demand for tires resistant to mechanical stress and heat which has
invariably risen the demand for rubber processing chemicals worldwide.
Global Rubber Processing Chemicals Market Overview
Based on the type of products, the market is bifurcated into anti-degradants,
accelerators, flame retardants and processing aid. Flame retardant is a rapidly
growing segment and is expected to witness similar growth trend during the forecast
period. It is prominently used in the coating manufacturing, textiles, plastics and
surface finishing thus boosting the market growth.
Application-wise, the market is categorised as tire and non-tire. The tire segment
holds around three quarters of total rubber processing chemicals sales worldwide.
Global Rubber Processing Chemicals Market Regional Insight
The global rubber processing chemicals market is regionally bifurcated into Asia
Pacific, North America, Europe, Latin America and rest of the world. The North
American region is expected to showcase moderate market growth owing to
stringent government regulations. However, processing aids like blowing agent and
curing shall assist in the augmentation of the market.
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Global Rubber Processing Chemicals Market Segmentation
1. By Region
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Asia Pacific
North America
Europe
Latin America
Rest of the World
2. By Product
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Anti-Degradants
Accelerators
Flame Retardants
Processing Aid
3. By Application
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Tire
Non-Tire
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Competitive Landscape:
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Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants
Key Market Players:
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BASF SE
Crofa International PIC
Arkema SA
Kumho Petrochemical Co. Ltd.
Objectives of the Study:
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To provide with an exhaustive analysis on the rubber processing chemicals market by
region, by product, by application
To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— Asia Pacific, North
America, Europe, Latin America and rest of the world
To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
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