Rubber Processing Chemicals Market
Rubber Processing Chemicals Market Analysis By Product (Anti-Degradant, Rubber Processing Accelerators, Rubber Flame Retardant Chemicals, Rubber Processing Aids), By Application (Rubber Processing Chemicals for Tire & Non-Tire) & By Region - Global Market Insights 2022 to 2032
Analysis of Rubber Processing Chemicals market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Rubber Processing Chemicals Market Outlook (2022 to 2032)
Sales of rubber processing chemicals were valued at US$ 5.15 Billion in FY 2022, and is likely to exhibit a Y-o-Y expansion rate of 3.1% to reach US$ 5.31 Billion in 2022. Overall, the market is forecast to register a CAGR of over 3%.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | US$ 5.15 Billion |
| Expected Market Value (2022) | US$ 5.31 Billion |
| Projected Forecast Value (2032) | US$ 7.14 Billion |
| Global Growth Rate (2022 to 2032) | 3% CAGR |
| Expected Growth Rate of the U.S Market (2022 to 2032) | 3.3% CAGR |
| Anticipated Growth Rate of China (2022 to 2032) | 5% |
| Major Rubber Processing Chemicals Providers | BASF SE; Arkema Group; Behn Meyer Holding AG; China Petroleum & Chemical Corporation (SINOPEC); Eastman Chemical Company; Emerald Kalama Chemical LLC; Emery Oleochemicals Group; Kumho Petrochemical Co. Ltd. (KKPC); LANXESS AG; Merchem Limited; Sinochem Group Co. Ltd. |
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2015 to 2021 Revenue Analysis of Rubber Processing Chemicals vs. Future Outlook 2022 to 2032
Rubber processing chemical sales increased at a CAGR of more than 2% between 2015 and 2021, with applications primarily focused on automotive tire manufacturing. Further research into the rubber processing chemicals industry reveals that the market surpassed US$ 5 Billion at the start of the historical period.
Rubber processing chemicals are being driven by the growing demand for rubber in industries such as footwear, construction and manufacturing. Over the forecast period, Rubber's increasing use in floor coverings, sound insulation, roofing materials, and sealants in the construction industry will drive product demand. Rubber processing chemical revenue will grow at over 3% CAGR over the forecast period (2022 to 2032).
Prominent Growth Drivers Influencing Rubber Processing Chemicals Deployment
Rubber Processing Chemicals Sales Are Influenced by the Automotive Industry
With rapid urbanization, automotive ownership is rising dramatically in all regions. As a result, sales of automotive tires with superior road grip, increased abrasion resistance, reduced friction, and improved elasticity are increasing. As a result, the use of specialty chemicals to impart these characteristics is increasing.
The rubber processing sales forecast appears bright, particularly in the developing world, due to rising demand for both commercial and private vehicles. India, China, Japan, and other East Asian and South Asian countries are expected to be the most opportunistic markets.
The rubber processing chemical market in the United States is booming. Overall, the United States ranks second in the world in terms of vehicle sales and production. The automotive industry in the country is at the forefront of innovation. According to the Auto Alliance, the United States has spent nearly one-fifth of global R&D spending in the automotive industry.
Increased Use of Synthetic Rubber Products is a Significant Growth Opportunity
According to Fact.MR's projections, the rubber processing chemicals industry is reliant on extensive deployment of styrene-butadiene, nitrile, and neoprene synthetic rubbers. This widespread reliance creates significant growth opportunities for rubber processing chemicals sales in the coming decade.
When compared to natural rubber, manufacturers are focusing on synthetic rubber as it is more durable and long-lasting. It is more resistant to chemicals, extreme temperature, ozone, sunlight, and weathering damage and degradation. It is also extremely flexible and has excellent insulation properties.
The market is experiencing high demand due to the use of various properties of rubber-based products, such as resilience, hardiness, heat and abrasion resistance, and tensile strength. They also help to prevent oxidation damage and dynamic stress, which are driving the market growth.
As a result of these advantages, these chemicals are widely used in the manufacture of conveyor belts, tires, linings and coatings, gaskets, seals, and hoses, among other things.
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Factors likely to Impede Market Growth of Rubber Processing Chemicals
Rubber chemicals used in the manufacturing process emit harmful VOCs. Stringent government regulations governing VOC emissions are expected to impede the market growth.
Because of the massive amount of pollution caused by rubber processing, the government has imposed stringent regulations on the industry. This factor may stifle market growth in the coming years.
Country-wise Analysis
How will the Rubber Processing Chemicals Industry Grow in China?
In the last decade, China's demand for Rubber Processing Chemicals has increased rapidly. Production and demand will continue to rise over the next decade. Rubber processing chemical sales in China are expected to grow at a rate of more than 5%, reaching more than US$ 1 Billion by 2022. Growth is being fueled by the extensive development of China's chemical industry, as well as a burgeoning automotive aftermarket as a result of rising automobile sales.
According to the International Council of Chemical Associations (ICCA), the chemical industry in China emerged as one of its primary manufacturing industries in 2019, while a BASF study concludes that chemical production is likely to rise by 6.3% through 2021 and beyond.
As a result, government policies are being developed to accommodate the entry of prominent rubber processing chemical manufacturers, which will result in significant market expansion in the future.
How will the Rubber Processing Chemicals Industry Grow in the United States?
The market for rubber processing chemicals in the United States is expected to exceed US$ 1.2 Billion by 2022, owing to widespread adoption in the automotive industry. The United States is expected to grow significantly due to an increase in construction activity and demand for flooring and roofing applications. Consumers are spending more on tire maintenance as vehicle ownership rises in order to improve vehicle performance through reduced abrasion resistance and superior road grip.
Furthermore, due to its ability to adhere to metals, manufacturers are incorporating synthetic rubber, making it an excellent option for rubber gaskets, seals, tires, and other products. As a result, the demand for synthetic rubber processing chemicals is increasing significantly.
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Category-wise Insights
Demand for Rubber Flame Retardants Remain Elevated in the Long Run
According to Fact.MR’s forecast, sales of flame retardants will increase at a CAGR greater than 3% between 2022 and 2032. Sales are expected to increase due to the growing need to prevent automotive tires from overheating while in motion.
Furthermore, there are numerous applications in other rubber processing areas, such as silicone rubber production, wire and cable manufacturing, roofing, and my belting. Huber, for example, provides a diverse range of halogen-free flame and smoke retardants for rubber processing applications.
Rubber Processing Chemicals Sales Forecast Promising in Tire Manufacturing
Demand for rubber processing chemicals in tire manufacturing is skyrocketing, accounting for more than 40% of global demand by 2032. Demand is being driven by increased demand for improved abrasion resistance, superior road grip, and high load-bearing capacity.
The primary cash cows are expected to be antioxidants, anti-ozonants, and curing systems, which are widely used to prevent excessive wear and tear of rubber tires. Brenntag SE, for example, provides stabilizers such as AMINOX® and BLE® 65.
Competitive Landscape
To expand their market footprints, prominent rubber processing chemical manufacturers use new product launches, R&D activities, collaborations, mergers, and acquisitions, as well as collaborations, mergers, and acquisitions.
- BASF invested 16 Million Euros in Pyrum Innovations Inc., which specializes in pyrolysis of waste tires, in October 2020. The oil from the waste tires will be extracted and used to manufacture new products by the company.
- Eastman Chemical Company completed the de-bottlenecking of its St. Gabriel Diethyl hydroxylamine (DEHA) production facility in June 2019. DEHA is primarily used in the manufacture of styrene-butadiene rubber (SBR), and the new development is expected to meet the growing needs of customers in the western hemisphere.
- Eastman Chemical Company announced plans in June 2021 to sell its rubber additives business, including the CrystexTM insoluble sulphur and SantoflexTM anti-degradants, to an affiliate of One Rock Capital Partners LLC for US$ 800 million in order to streamline its Additives & Functional Products business.
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Product
- 9.1 Anti-Degradants
- 9.2 Accelerators
- 9.3 Flame Retardants
- 9.4 Processing Aids/Promoters
- 9.5 Other Products
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Application
- 10.1 Tire
- 10.2 Non-Tire
- 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Region
- 11.1 North America
- 11.2 Latin America
- 11.3 Europe
- 11.4 East Asia
- 11.5 South Asia
- 11.6 Oceania
- 11.7 Middle East and Africa (MEA)
- 12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1 BASF SE
- 21.2 Arkema Group
- 21.3 Behn Meyer Holding AG
- 21.4 China Petroleum & Chemical Corporation (SINOPEC)
- 21.5 Eastman Chemical Company
- 21.6 Emerald Kalama Chemical LLC
- 21.7 Emery Oleochemicals Group
- 21.8 Kumho Petrochemical Co. Ltd. (KKPC)
- 21.9 LANXESS AG, Merchem Limited
- 21.10 Sinochem Group Co. Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2015 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2015 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2015 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product, 2022
Figure 18: North America Market Value Share, By Application, 2022
Figure 19: North America Market Value Share, By Country, 2022
Figure 20: North America Market Value Analysis (US$ Mn), 2015 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product, 2022
Figure 26: Latin America Market Value Share, By Application, 2022
Figure 27: Latin America Market Value Share, By Country, 2022
Figure 28: Latin America Market Value Analysis (US$ Mn), 2015 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product, 2022
Figure 34: Europe Market Value Share, By Application, 2022
Figure 35: Europe Market Value Share, By Country, 2022
Figure 36: Europe Market Value Analysis (US$ Mn), 2015 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product, 2022
Figure 42: South Asia Market Value Share, By Application, 2022
Figure 43: South Asia Market Value Share, By Country, 2022
Figure 44: South Asia Market Value Analysis (US$ Mn), 2015 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product, 2022
Figure 50: East Asia Market Value Share, By Application, 2022
Figure 51: East Asia Market Value Share, By Country, 2022
Figure 52: East Asia Market Value Analysis (US$ Mn), 2015 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product, 2022
Figure 58: Oceania Market Value Share, By Application, 2022
Figure 59: Oceania Market Value Share, By Country, 2022
Figure 60: Oceania Market Value Analysis (US$ Mn), 2015 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product, 2022
Figure 66: Middle East and Africa Market Value Share, By Application, 2022
Figure 67: Middle East and Africa Market Value Share, By Country, 2022
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2015 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product, 2022
Figure 75: U. S. Market Value Share, By Application, 2022
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product, 2022
Figure 78: Canada Market Value Share, By Application, 2022
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product, 2022
Figure 81: Mexico Market Value Share, By Application, 2022
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product, 2022
Figure 84: Brazil Market Value Share, By Application, 2022
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product, 2022
Figure 87: U. K. Market Value Share, By Application, 2022
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product, 2022
Figure 90: Germany Market Value Share, By Application, 2022
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product, 2022
Figure 93: France Market Value Share, By Application, 2022
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product, 2022
Figure 96: Italy Market Value Share, By Application, 2022
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product, 2022
Figure 99: Spain Market Value Share, By Application, 2022
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product, 2022
Figure 102: Russia Market Value Share, By Application, 2022
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product, 2022
Figure 105: China Market Value Share, By Application, 2022
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product, 2022
Figure 108: Japan Market Value Share, By Application, 2022
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product, 2022
Figure 111: South Korea Market Value Share, By Application, 2022
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product, 2022
Figure 114: India Market Value Share, By Application, 2022
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product, 2022
Figure 117: ASEAN Market Value Share, By Application, 2022
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product, 2022
Figure 120: Australia Market Value Share, By Application, 2022
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product, 2022
Figure 123: New Zealand Market Value Share, By Application, 2022
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product, 2022
Figure 126: GCC Countries Market Value Share, By Application, 2022
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product, 2022
Figure 129: Turkey Market Value Share, By Application, 2022
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product, 2022
Figure 132: South Africa Market Value Share, By Application, 2022
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- FAQs -
At what value is the rubber processing chemicals industry likely to close by 2022?
Fact.MR foresees the rubber processing chemicals demand to reach US$ 5.31 Billion in 2022
What was the documented value CAGR for the market from 2015 to 2021?
From 2016-2021, the rubber processing chemicals market surged at a 2% CAGR
At what percentage will the market for rubber processing chemicals rise until 2032?
From 2022-2032, Fact.MR expects rubber processing chemicals revenue to flourish at over 3% CAGR
What is the expected market value for rubber processing chemicals in 2032?
In 2032, Rubber Processing Chemicals market worth is poised to reach US$ 7.14 Billion.
How do growth prospects for rubber processing chemicals appear in the U.S?
The U.S Rubber Processing Chemicals market is poised to reach US$ 1.2 Billion by 2022.
What is the growth rate for rubber processing chemicals appear in China?
China is expected to register maximum growth, documenting a 5% CAGR through 2022
Rubber Processing Chemicals Market