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Rubber Additives Market Share

  • Report ID: GMI8203
  • Published Date: Feb 2024
  • Report Format: PDF

Rubber Additives Market Share

Major players in the rubber additives sector utilize various methods to uphold their market dominance. These approaches encompass ongoing product innovation to address changing customer needs, forming strategic alliances with industry partners for broader influence, and expanding globally to access new markets. Additionally, they emphasize creating environmentally friendly additives to align with sustainability initiatives and adhere to regulations. Strengthening customer relationships through tailored solutions and superior service is also paramount for maintaining market leadership. BASF SE employs tactics in the rubber additives sector like ongoing innovation, strategic partnerships, and worldwide growth initiatives. Arkema S.A. prioritizes innovation and sustainability, creating environmentally friendly rubber additives to address changing market needs and sustain its competitive position.

Rubber Additives Market Companies

Major players operating in the rubber additives business include:

  • Arkema S.A.
  • Behn Meyer Group
  • China Petrochemical Corporation
  • Emery Oleochemicals
  • Eastman Chemical Company
  • Lanxess AG
  • NOCIL Limited
  • Sinopec Corporation
  • Sumitomo Chemical
  • Toray Industries, Inc.
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global Market size for rubber additives was valued at around USD 8 billion in 2023 and is anticipated to register a CAGR of over 5.5% between 2024 and 2032, driven by advancements in technology and a growing emphasis on sustainability.

Accelerators segment held a market share worth USD 1.94 Billion in 2023 and is set to gain traction till 2032, due to its pivotal role in speeding up the vulcanization process, enhancing rubber properties like elasticity and strength.

North America Rubber Additives Market value was around USD 2.27 billion in 2023 and is poised to grow significantly till 2032, driven by strict regulatory standards and a rising focus on sustainability.

Arkema S.A., BASF SE, Behn Meyer Group, China Petrochemical Corporation, Emery Oleochemicals, Eastman Chemical Company, Lanxess AG, NOCIL Limited, Sinopec Corporation, Sumitomo Chemical are some of the major industry contenders.

Rubber Additives Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 530
  • Countries covered: 22
  • Pages: 350
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