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Strategies Major Players are Adopting in Rubber Processing Chemicals Market

Healthy growth in both tire and non-tire product consumption is resulting in product demand. Rubber processing chemicals impart superior performance under extreme weather conditions to the rubber products. This property is expected to bode well for market expansion.

The Global Rubber Processing Chemicals Market size is expected to reach USD 6.10 billion by 2024, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.3% over the forecast period.


Growth of tire and automotive industry has a direct influence on development of market for rubber processing chemicals. Advancing automotive sector and aftermarket is anticipated to subsequently drive demand for tires over the forecast period. The growth of this market largely depends on tire industry, which utilizes both, natural and synthetic rubber.

Significant rise in demand for green, high-performance, and fuel-efficient tires in emerging countries is driving the market for rubber processing chemicals. Diverse applications in medical, aerospace, electric and electronics, and construction industries are also expected to further augment the demand. In the developed countries, preference for natural rubber tires instead of conventional products might hamper the anticipated growth in near future.

End-use industries are bifurcated into tire and non-tire rubber industries. The tire industry includes Bridgestone Corp., Michelin, Goodyear Tire and Rubber Co., and MRF Ltd. These companies majorly produce automotive tires with high performance and service durability.

To Know More About Rubber Processing Chemicals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/rubber-processing-chemicals-market

The non-tire industry includes Continental AG, Hutchinson, and Freudenberg Group. Non-tire applications such as cables/wires, electronic/electrical, industrial products, and polymer modification are offered by these end-use companies.

Top Players of Rubber Processing Chemicals Market:

Lanxess AG, Solvay SA, AkzoNobel N.V., BASF SE, Arkema SA, Eastman Chemical Company and Kumho Petrochemicals are some of the key market players.

Market Segmentation of Rubber Processing Chemicals Market:

The Global Rubber Processing Chemicals Market segmented on the basis of Product, Application, and Region.

By Product:

    Anti-degradants
    Accelerators
    Flame Retardants
    Processing Aid/ Promoters
        Release Agents
        Curing & Blowing Agents

By Application:

    Tire
    Non-Tire

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Rubber Processing Chemicals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2594
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