Global Rubber Additives Market 2017-2021

Global rubber additives market overview

Technavio’s global rubber additives market research report identifies the increasing demand for rubber additives in non-tire applications to be one of the primary growth drivers for the market till 2021. Non-tire applications include adhesives, asphalt, foam and carpet backing, damping components, conveyor belt, footwear and ball bladders, seals, o-rings, gasket, golf ball, gum, hoses, and medical and pharmaceutical devices. The medical and pharmaceutical industry highly rely on rubber additives for applications such as injection vials, closures for infusion containers, and blood collection tubes. Rubber additives are also used in applications such as infusion pumps, pre-filled syringes, insulin injectors, and dental anesthetics. As per Technavio’s rubber additives market analysis, the market is expected to grow at a CAGR of more than 5% by 2021.

The increasing adoption of vehicles and rising disposable income of customers is driving the global rubber additives market growth prospects in APAC in the forthcoming years. Also, countries such as China and India are experiencing economic growth. The growth in the automobile and rubber processing industries of China will further boost the market’s growth in the APAC region. Furthermore, the current shift of rubber material and additive manufacturing bases from China to Vietnam will fuel the adoption of rubber additives in APAC.

Competitive landscape and key vendors

The rubber additives market is fragmented and characterized by the presence of major vendors. These players are focusing on increasing their market share by concentrating on the expansion of application facilities and launch of new applications. The small rubber additives manufacturers are trying to compete against the global players by focusing on new technologies and ideas.

Key vendors in this market are -

• Arkema
• Akzo Nobel
• BASF
• LANXESS
• Solvay

Other prominent vendors in the market include Adam Polymer, BEHN MEYER, CHEMPOINT, Eastman Chemical Company, K-TECH (INDIA) , PERFORMANCE ADDITIVES, Qingdao Scienoc Chemical, R.T. Vanderbilt, Taoka Chemical, Transpek-Silox, and W. R. Grace.

Segmentation by type and analysis of the rubber additives market

• Anti-degradants
• Accelerators

The anti-degradants segment contributed the majority of shares during 2016 because these additives protect rubber product from degradation that is caused by oxidation and ozone. They are used to prevent the aging of rubber products by enhancing the dynamic properties of the rubber chemicals. Also, the increasing need for tires and industrial rubber products will further boost the adoption of anti-degradants. The demand for anti-degradants will continue to increase for the next four years due to the increasing demand for high-performance rubber.

Segmentation by application and analysis of the rubber additives market

• Tire
• Non-tire

A large number of manufacturers extensively employ rubber additives in the manufacturing of automotive tires. The need for rubber lubricants and rubber additives for manufacturing automobile tires will further increase due to the growing purchasing power of consumers and increase in the population. With the rising production of vehicles across the globe, the demand for rubber additives will continue to grow in the tire segment during the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global rubber additives market?
• What are the key market trends impacting the growth of the global rubber additives market?
• What are the challenges to market growth?
• Who are the key vendors in the global rubber additives market?
• What are the market opportunities and threats faced by the vendors in the global rubber additives market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global rubber additives market?

Technavio also offers customization on reports based on specific client requirement.