Rubber processing chemicals market forecast at 7 billion by 2026

Pune, India – A report prepared by Persistence Market Research titled, ‘Rubber Processing Chemicals Market: Global Industry Analysis 2012-2016 and Forecast 2017-2026,’ studies the global rubber processing chemicals market in great detail and gives projections of this market over a nine-year assessment period starting from the year 2017 and ending in the year 2026.

This report presents the value forecast of the global rubber processing chemicals market and studies in detail the key market dynamics operating in the global rubber processing chemicals market in the form of drivers, restraints, opportunities and trends. As per the projections of Persistence Market Research, 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 antidegradants product type category is the largest segment by value and is slated to display a CAGR Of 4.4 percent during the period of forecast. This segment is likely to reach a market valuation of nearly $4,500 million by the end of the period of forecast in the year 2026.

The tires and related products segment in the application category of the global rubber processing chemicals market is likely to exhibit a CAGR of 4.2 percent during the period of forecast. This segment was estimated to be valued at nearly $3,300 million in 2017.

The tire segment in the end user industry category of the global rubber processing chemicals market is slated to exhibit the fastest CAGR of 4.6 percent during the period of forecast and is likely to reach a market valuation of nearly $5,000 million by the end of 2026.

The Asia Pacific regional market leads the global rubber processing chemicals market and is expected to display a CAGR of 5.6 percent during the period of forecast. The Asia Pacific rubber processing chemicals market is anticipated to reach a valuation of nearly $4,500 million by the end of the period of assessment in 2026.