ResearchReport

Rubber Additives industry applications to witness the highest CAGR

Press Release   •   Apr 12, 2018 06:14 EDT

The report "Rubber Additives Market by Type (Accelerators, Antidegradants, and Others), Application (Tire and Non-Tire) & by Region (North America, Europe, Asia-Pacific, and RoW) - Global Trends & Forecast to 2020" , defines and segments the rubber additives market with an analysis and forecast of the rubber additives market size by value.

The global rubber additives market is expected to grow at a CAGR of 5.4% between 2015 and 2020, to reach USD 4.8 Billion 2020. The global rubber additives market is expected to reach 1792.3 KT in 2020. The increasing demand for efficient and high quality products that can be used in automobile industry will boost the demand of rubber additives between 2015 and 2020.

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The key players in market are Lanxess AG (Germany), Solvay SA (Belgium), Akzonobel N.V. (Netherlands), Arkema SA (France), and BASF SE (Germany). The leading players mainly concentrate on new product launches and expansions to enhance their market reach and make innovative products available to a large number of customers.

Automobile segment to boost demand of rubber additives

The rubber additives market is mainly driven by the growth in the demand for automobiles. Rubber additives are used to enhance the properties of rubber used in the manufacture of tires. With the growing population and increased spending by the consumers, the demand for automobiles has increased which in turn has led to the increased demand for rubber additives. These chemicals add superior qualities to the rubber.

Asia-Pacific to drive the rubber additives market

Asia-Pacific is the fastest-growing market for rubber additives. The growth in the Asia-Pacific region is primarily driven by the increasing domestic demand and rising exports of natural rubber to the western markets. The increasing demand for rubber additives from the tire industry is further driving the market in this region. The economic development in the region has led to the increased demand for vehicles, which in turn drives the market for rubber additives.

Growth Drivers

ØGrowing Automotive Industry

ØIncreasing Demand From Non-Tire Rubber Applications

Opportunities

ØRapidly Increasing Demand from the Asia-Pacific Region

ØEmergence of High-Performance Rubbers

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Table of Content

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Rubber Additives Market, By Type

7 Rubber Additives Market, By Application

8 Rubber Additives Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

To read in detail @https://www.whatech.com/market-research/materials-chemicals/458783-rubber-additives-market-worth-4-8-billion-usd-by-2020

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