Antidegradant market forecast with a CAGR of 5-7 percent through 2026

Dallas, TX – According to the recent study from Lucintel the Antidegradant Market is projected to grow at a CAGR of 5% to 7% from 2021 to 2026. Growth in this market is primarily driven by growth in rubber additives market and growing demand for green tires.

Based on application, the antidegradant market is segmented into tire and non-tire. Lucintel forecasts that the tire market is expected to remain the largest segment due to increasing demand in the industrial rubber products and the growing automobile industry.

Major players of antidegradant market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Akrochem Corporation, Akzonobel N.V., Arkema S.A., NOCIL, KKPC, Eastman, Behn Meyer Holding AG, Eastman Chemical Company, Lanxess Aktiengesellschaft, and Struktol Company of America are among the major antidegradant providers.