Rubber additives market estimated at $6.98 billion by 2027
Pune, India – The rubber additives market will reach an estimated valuation of $6.98 billion by 2027, while registering this growth at a rate of 5.50 percent for the forecast period of 2020 to 2027, according to Data Bridge Market Research. The rubber additives market report analyzes the growth, which is currently being owed to the focus of advancements adopted by the industries because of the significant viscosity shown by rubber additives.
Industrial construction and household electrical insulations are the dominating factor for driving the business line of the rubber additives market globally in the anticipated period of 2020 to 2027. Due to their potential attribute of insulation, rubber additives are the most preferred material for the tire and tubing fabrication, consumer goods and industrial construction. Owed to this yielding application, rubber additives are catering to good revenue and share stocks, which is enhancing the market growth. The mushrooming rate of vehicles and the automotive industry are defining the success verticals of the global rubber additives market in the forecasted period of 2020 to 2027. However, the rules and regulations imposed by governments may act as restraints for the rubber additives market, whereas the emission of hazardous gases and pollutants hamper the ecosystem.
The rubber additives market is segmented on the basis of type, application, coating agents, materials and end user. The growth among the different segments helps one in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in target markets.
North America dominates the rubber additives market due to the large market share of the U.S. in the availability of automotive as well as other associated infrastructure in the region. The Asia-Pacific region is expected to hold the largest growth rate due to the establishment of assembling facilities for the rubber additives market in this region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The major players covered in the rubber additive market report are Akrochem Corporation, Akzo Nobel N.V., Arkema, Behn Meyer, Eastman Chemical Company, Lanxess, Struktol Company of America, LLC, Thomas Swan & Co. Ltd., LumitosS AG, Wacker Chemie AG, Velox Solutions Pvt. Ltd., IMCD N.V., BASF SE, Solvay, China Petrochemical Corporation, Emery Oleochemicals, R.T. Vanderbilt Holding Company, Inc., among other domestic and global players. Market share data are available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.