Most rubber-processingchemicals are older products and are consumed predominantly in the manufactureof automotive tires. Because of increasing consolidation in the tire industry,the major tire manufacturers are in a strong position to demand low prices forrubber-processing chemicals while still maintaining the demand for highquality, product improvements, efficient delivery and strong technical support.
Growing population coupledwith increase in purchasing power among consumers has boosted the overalldemand for automobiles. Rubber processing chemicals play a crucial role inenhancing the properties of rubber for its use in the manufacturing ofautomotive tires. Thus, the growing automobile industry is projected to boostthe overall growth of rubber processing market. Rubber processing chemicals notonly adds superior qualities to rubber but also enhances the overall process ofmanufacturing the raw material for other applications such as manufacturing ofdoor mats. However, the growing environmental concerns coupled with stringentgovernmental regulations are expected to restrain the overall growth of therubber processing market. The development of bio based rubber is expected toopen new avenues for the rubber processing chemicals market.