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Rubber Additives Market Scope
The recently introduced report by MNM Research titled “Rubber Additives Market report includes an executive summary, regional economic outlook, and summary sections which provide a consistent analysis of the Rubber Additives Market 2021 - 2026. in addition, the report within the market overview section outlines SWOT analysis and PESTLE analysis to provide a thorough analysis of the market. The overview section details Porter's 5 forces analysis that helps to reveal a possible situation of the market by revealing a competitive situation with respect to the Rubber Additives Market. The rubber additives market is projected to reach USD 9.3 billion by 2026, at a CAGR of 3.5% from USD 7.8 billion in 2021. The Research Report mainly includes rubber additives market analysis, size, share, growth Factors, sales, Demand, Revenue, Trade, Forecast and Global companies Analysis. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Browse in-depth TOC on "Rubber Additives Market"
226 – Tables
47 – Figures
182 – Pages
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Main Pointers Presented in the Report
Rubber Additives Market Key Players
The market is highly integrated, with a few major players dominating the market. Also, a large number of domestic and international market players are included in this report -
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Antidegradants is the largest type segment of the rubber additives market. Tire was the largest application segment of the rubber additives market. Asia Pacific was the largest market for rubber additives in 2020, in terms of value. The increased demand for superior quality processed rubber from the automotive industry is driving the market for rubber additives in the region. The growing population coupled with the increasing purchasing power of consumers is boosting the demand for automobiles in the region. This in turn drives the market for rubber additives as they are required to enhance the properties of rubber which is used to manufacture automotive tires.
Antidegradants segment is projected to be the fastest-growing type for rubber additives market between 2021 and 2026.
The demand for antidegradants is fueled by the expansion in its applications such as tire and industrial rubber products. These are used to improve the rubber's resistance against the effects of sunlight, oxidation, heat, and mechanical stress. Moreover, they are used to improve the performance and lengthen the service life of rubber products. The market for accelerators is estimated to witness a decent growth due to their increased demand for vulcanizing rubber products. The others segment is estimated to witness slow growth during the forecast period. Processing aids, blowing agents, among others are used to improve the plasticity of rubber.
Non-tire is projected to be the fastest-growing application in rubber additives market between 2021 and 2026.
Non-tire applications of rubber additives include conveyor belts, footwear, floor tiles, hoses, gaskets, among others. To meet the demand of consumers for durable and high-quality footwear, the brands make use of the finest rubber. Thus, the rubber is processed using the additives to make it suitable to be used for various applications. Rubber is used in the production of conveyor belts, and it is processed using rubber additives to make it efficient for use. Manufacturers in the Asia-Pacific region are focusing on increasing the quality of the conveyor belts to match the quality standards of the European products. The demand is also expected to arise from the Eastern European countries because of the economic development in the region
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Asia Pacific is projected to be the fastest-growing region for the rubber additives market during the forecast period.
Asia Pacific is the fastest-growing region in rubber additives market owing to rapid economic growth in the region. The increased demand for superior quality processed rubber from the automotive industry is driving the market for rubber additives in the region. The growing population coupled with the increasing purchasing power of consumers is boosting the demand for automobiles in the region. This in turn drives the market for rubber additives as they are required to enhance the properties of rubber which is used to manufacture automotive tires.
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