Global rubber processing chemicals market forecast with a CAGR of 5.3 percent

Atlanta, GA – The global rubber processing chemicals market size was valued at USD 5.26 billion in 2020 and is expected to grow at a CAGR of 5.3% during the forecast period according to the latest report from Polaris Market Research. Rubber processing chemicals are used in varied applications such as automotive, construction, industrial, manufacturing, and footwear among others.

The use of rubber processing chemicals has increased to offer protection to rubber goods against external influences. Long-term exposure to heat, ozone, UV light, and chemicals leads to the destruction of rubber products. Rubber processing chemicals such as flame-retardant accelerators, anti-degradants, and processing aids are used to provide aging resistance, higher strength, durability, and improved performance.

The market demand for rubber processing chemicals is significantly high in the automotive industry. Rubber processing chemicals are widely used in the manufacturing of tires, and other automotive components such as body sealing systems, transmission systems, and automotive antivibration systems among others. The use of the product in tire manufacturing improves the life of tires, enhances fuel economy, and improves vibration and impact absorption.

The rising market demand for passenger vehicles coupled with the growing electrification of vehicles and an increasing need to improve vehicle performance has fueled the market growth of rubber processing chemicals across the globe. The introduction of stringent safety regulations and the growing need for road safety has increased the use of the product in tire manufacturing market.

Accelerators are used in rubber compounds to escalate the vulcanization speed at reduced temperatures and offer higher efficiency. Primary accelerators are chemicals that offer scorch delay, medium to fast cure, and efficient modulus development. Thiazoles and Sulfenamides are primary vulcanization accelerators widely adopted for their broad vulcanization plateau, and high aging resistance. Secondary accelerators, such as Dithiocarbamate, Thiurams, and Guanidines, offer faster curing along with enhanced elasticity, durability, and tensile strength.

The adoption of processing aids has increased across various applications to improve the processing characteristics of rubber without influencing its physical properties. Processing aids are used along with rubber to offer superior properties such as lubrication, stabilization, strength, and softening, among others. They also impart properties such as filler dispersion, viscosity reduction, and enhanced extrusion characteristics to rubber products.

The global market for rubber processing chemicals is fueled by the economic growth in countries such as China, Japan, and India, rising industrialization, and growing demand for automobiles in Asia-Pacific. Global players are expanding into these countries to tap market potential provided by the automotive, industrial, and construction sectors, further boosting the market growth.

Growing disposable income, changing lifestyles, increasing investment in the automotive industry, and rising application in the manufacturing sector would provide market growth opportunities during the forecast period. Technological advancements, new product launches, and acquisitions by leading players in the market have strengthened the market for rubber processing chemicals.

The leading players in the rubber processing chemicals market include Eastman Chemical Company, Arkema Group, Emery Oleochemicals Group, Merchem Limited, BASF SE, Paul & Company, Kumho Petrochemical Co., Ltd., Sinochem Group Co., Ltd., Lanxess AG, Solvay SA, Behn Meyer Holding AG, Akzo Nobel N.V., China Petroleum & Chemical Corporation, R.T. Vanderbilt Holding Co., Inc., Nouryon, and Emerald Kalama Chemical, LLC.