Market Reports

The flame retardant chemicals market was dominated by Asia-Pacific for the year 2020. China alone accounts for nearly a quarter of worldwide flame retardant demand. China’s high demand is fueled by the country’s growing chemical and automobile industries. India is also anticipated to grow its market share in the global market as a result of increased foreign investment. In North America, on the other hand, the market will grow significantly in the coming years because fire safety in all end products is mandatorily regulated. In addition, due to the growing use of these products by the automotive industry, the Europe market will show significant growth in the next few years.

The polyolefins market was valued at $133.9 billion in 2020, and is projected to reach $446.6 billion by 2028, growing at a CAGR of 12.5 percent from 2021 to 2028, according to Valuates Reports.

The global market for defoaming coating additives estimated at $894.3 million in the year 2020 is projected to reach a revised size of $1.3 billion by 2027, growing at a CAGR of 5.3 percent over the analysis period 2020-2027, according to Research and Markets. Silicone-based additives, one of the segments analyzed in the report, are projected to record a 5.2 percent CAGR and reach $487.7 million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the mineral oil-based segment is readjusted to a revised 5.1 percent CAGR for the next seven-year period.

The global rubber processing chemicals market was estimated to be valued at nearly $4,750 million at the end of 2017 and is likely to reach a figure of nearly $7,000 million at the end of the period of forecast in 2026, and in the process exhibit a CAGR of 4.5 percent during the time span of 2017-2026.

The global butyl rubber market is expected to reach a market valuation of over $ 4,200 million by the end of 2025, growing at a CAGR of 4.7 percent during the forecast period. The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry.

Global Market Insights, Inc., suggests that the performance elastomers market may grow over $14 billion by 2024. Strict government regulations pertaining to fuel consumption have led to multiple automotive weight reduction initiatives, driving the demand for performance elastomers in recent years. Performance elastomers are superior to the normal elastomers as they help in the development of overall product competence. They have superior properties such as strong molecular bonds and temperature resistance which are fueling their adoption in several important end-use sectors.

The market, estimated at $100.1 billion in 2020, is projected to reach $136.5 billion by 2026, registering a compounded annual growth rate (CAGR) of 5.4 percent over the analysis period. China represents the largest regional market for industrial rubber products, accounting for an estimated 25.1 percent share of the global total in 2020. The country is also expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.3 percent over the analysis period. The market is expected to progress steadily to evolve as a major regional market for industrial rubber products, supported by various factors conducive to healthy growth.

Rubber processing is gaining demand in the rubber industry due to the high consumption of processed rubber along with various products derived from rubber. Rubbers are used to manufacture various products such as tires, mats, hoses, floors, gloves and belts, which in the forecast period may further boost the demand for rubber processing chemicals. However, due to the huge amount of pollution caused by rubber processing, stringent regulations are being led by the government for rubber processing. This factor could impede market growth in the years to come. Nevertheless, the introduction of bio-based rubber into the market in the forecast period is likely to offer ample opportunities for the rubber processing chemicals industry.