Global Rubber Additives Market
The global Rubber Additives market was valued at USD 3.88 billion in 2016 and is projected to reach USD 6.18 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Rubber additives demand is majorly driven by the growing demand for automobiles. These additives improve the physical properties of rubber. The growing demand for antidegradants is expected to be a major driving factor as they improve the shelf life of the final product.
1. Market Drivers
1.1 Rise in demand for automobiles
1.2 Increasing demand from non-tire applications
2. Market Restraints
2.1 Stringent environmental regulations
The global Rubber Additivesmarket is segmented on the product, applicationand region.
1. By Product:
2. By Application:
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Akzonobel NV
3. Lanxess AG
4. Solvay SA
5. Arkema SA
6. Sinopec Corp.
7. Eastman Chemical Company
8. R.T. Vanderbilt Company
9. Emery Oleochemicals Inc.
10. Behn Meyer Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Rubber Additivesmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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