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Rubber Additives Market Trends

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

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Rubber Additives Market Trends

Emerging trends in the rubber additives industry include a rising demand for sustainable additives, such as bio-based and recyclable materials, driven by environmental concerns. Technological advancements are fueling innovation to enhance rubber performance, while expanding applications in various industries, especially in emerging markets, contribute to market growth. The market shows a bright future, with growing demand in automotive, construction, and manufacturing sectors. Technological advancements, strict regulations, and expanding usage in developing economies are expected to propel global market growth, offering profitable prospects for manufacturers and suppliers.

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.