Rubber Processing Chemicals Market Share

Rubber Processing Chemicals Market Share

Rubber processing chemicals market has presence of some large multinational players such as :

• BASF SE
• Lanxess
• Sumitomo Chemicals
• Akzo Nobel N.V.
• Eastman Chemical Company
• Arkema and Solvay
• Linkwell
• Merchem Limited
• Emerald Performance Materials Company.

These companies have been operating in this space since more than two or three decades, thus have an extended network of distributors and raw material suppliers across the globe.
 

Geographic expansion through investments is one of the key strategic moves of multinational players in the market. For instance, in July 2018, Lanxess announced plans to invest approximately USD 580 million at company’s largest North America site in El Dorado. The move will aid in strengthening company’s growth in its specialty chemicals business in North America.
 

Some industry players also use the strategy of mergers and acquisitions for expanding their existing product line. For example, in April 2015, Arkema acquired Italian company Oxido, which operates in the segment of organic peroxides which are primarily used in synthetic rubber crosslinking. With this acquisition, Arkema plans to increase production capacities and strengthen its position as a top player of organic peroxide in Europe.