Rubber Processing Chemicals Market Analysis

Rubber Processing Chemicals Market Analysis

Accelerators held the largest share in global rubber processing chemicals market in 2017, both in terms of volume and value. Accelerators is a class of chemicals which is used to speed up the vulcanization process. There are two types of accelerators; primary and secondary. Primary accelerators include thiazoles and sulphenamides. Secondary accelerators include thiurams and dithiocarbamates. Use of accelerators in rubber processing enables manufacturers to manipulate curing temperature, sulphur dosage, etc.

Another important product segment of rubber processing chemical market is anti-degradants. These are basically used to deter the aging in rubber products. It primarily includes antioxidants and antiozonants. Antioxidants are used to protect rubber from deterring effect of oxygen during its shell life whereas antiozonants are chemicals/waxes that ‘bleed’ to the surface of rubber articles, protecting it from ozone attack. This segment will witness significant gains in global market over the forecast timespan.

The most important application segment of global rubber processing chemicals market in 2017 was tires. Tires hold more than three quarters of the total rubber processing chemicals sales across the globe. The segment will witness maximum gains during the forecast period. According to OICA, passenger cars sales in 2017 was approximately 70 million units across the major continents. It witnessed a substantial rise from 45 million units in 2005. The number are poised to witness exponential rise which will ultimately fuel rubber processing chemicals demand in the coming years. Non-tire applications segment will also expand at substantial CAGR during the forecast timeframe. The growing number of production plants in Latin America and Asia Pacific will be fueling rubber demand and hence product demand over the forecast timespan.
 

Asia Pacific accounted for the largest share in global rubber processing chemicals market in 2017. The region shall witness substantial gains in terms of volume and value in the coming years primarily owing to the rising passenger and light vehicles sales across China and India. These two nations are leading automotive sales in Asia Pacific due to rising per capita income which has propelled high spending power among consumers, leading to growing demand for budget as well as luxury vehicles. Europe and North America were prominent regions in global rubber processing chemicals market in 2017. This can be attributed to the large automotive markets of the U.S., Germany, UK and France in these continents. Non-tire applications are also slated to witness a decent rise in volume numbers in these regions in the coming years.