New York, April 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Rubber Additives Market with Covid-19 Impact Analysis, by Type, Application and Region – Global Forecast to 2026” – https://www.reportlinker.com/p06250161/?utm_source=GNW
The growth of the rubber additives market is mainly triggered by the growth of the automotive industry which, in turn, drives the need for rubber additives. Strict government regulations encourage manufacturers to comply with environmental standards. Thus, government regulations coupled with growing environmental concerns are expected to restrain the growth of the market. The opportunities for this market are the rapid increase in demand from the Asia-Pacific region and the emergence of high performance rubbers.
Antidegradants are the biggest type of rubber additives for the rubber additives market in 2020
The demand for antidegradants is fueled by the expansion of its applications such as tires and industrial rubber products. These are used to improve the resistance of rubber against the effects of sunlight, oxidation, heat and mechanical stress.
Additionally, they are used to improve the performance and extend the life of rubber products. Accelerator market is estimated to be growing decently owing to their increased demand for vulcanizing rubber products.
The others segment is estimated to grow slowly during the forecast period. Processing aids, blowing agents, among others, are used to improve the plasticity of rubber.
Tire is estimated to be the biggest application of rubber additives market in 2020.
Rubber is the main raw material used in tire production. Several additives are used to achieve the desired rubber properties.
Rubber additives are used in tires to provide specific characteristics such as high friction for racing tires and high mileage for passenger car tires. The growing automotive industry in Asia-Pacific requires treated tires to meet customer demand.
Strict environmental standards in Europe require the use of high-tech rubber for various applications. Therefore, the rubber is treated using additives to achieve the desired properties of heat resistance, friction, mechanical stress, etc.
Growing global automotive production is the key factor driving the rubber additives market.
Asia-Pacific is expected to be the largest rubber additives market during the forecast period, in terms of value.
Asia-Pacific is the fastest growing region in the rubber additives market due to the rapid economic growth in the region. Increased demand for premium processed rubber from the automotive industry is driving the rubber additives market in the region.
Population growth coupled with increasing consumer purchasing power is driving the demand for automobiles in the region. This in turn drives the rubber additives market as they are needed to improve the properties of rubber used to make automotive tires.
In the process of determining and verifying the market size for several segments and sub-segments identified through secondary research, extensive primary interviews were conducted. The distribution of the profiles of the main interviewees is as follows:
• By type of business: level 1 – 45%, level 2 – 30% and level 3 – 25%
• By designation: C level – 46%, director level – 25% and other – 29%
• By region: North America – 27%, Europe – 27%, Asia-Pacific – 33%, South America – 7% and Middle East and Africa – 6%,
Key market players profiled in the report Arkema SA (France), Lanxess AG (Germany), BASF SE (Germany), Solvay SA (Belgium), Sinopec Corporation (China), RT Vanderbilt Holding Company, Inc. (US ), Emery Oleochemicals (USA), Behn Meyer Group (Germany), Toray Industries, Inc. (Japan) and Sumitomo Chemical (Japan).
This report segments the Rubber Additives market based on type, application, and region, and provides estimates of the overall market value and volume in different regions. A detailed analysis of major industry players has been conducted to provide information about their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the Food Additives market. rubber.
Reasons to buy this report
This research report focuses on different levels of analysis – industry analysis (industry trends), market ranking analysis of key players and company profiles, which together provide the big picture the competitive landscape; emerging and high growth segments of the rubber additives market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides information about the following pointers:
• Market Penetration: Comprehensive information on rubber additives offered by leading players in the global rubber additives market
• Product Development/Innovation: detailed information on upcoming technologies, research and development activities and new product launches in the rubber additives market
• Market Development: Comprehensive insights into lucrative Emerging Markets: The report analyzes Rubber Additives markets across all regions.
• Market Diversification: Comprehensive information regarding new products, untapped regions, and recent developments in the global rubber additives market
• Competitive assessment: in-depth assessment of market shares, strategies, products and manufacturing capabilities of leading players in the rubber additives market
• Impact of COVID-19 on the rubber additives market
Read the full report: https://www.reportlinker.com/p06250161/?utm_source=GNW
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