Business and Forecasted Growth of Rubber Chemicals Industry

Business and Forecasted Growth of Rubber Chemicals Industry

Rubber chemicals are those chemicals that are used in the production of different rubber products. The chemicals are added in the process of production to improve the elasticity, durability, flexibility, and strength of the product. The growth of rubber processing chemicals mostly depends on the tire industry that includes both synthetic and natural rubber. Especially in emerging economies, the consumption has increased because the number of purchased vehicles along with the sales of replacement tires has considerably increased.

Types of Rubber Chemicals: Rubber chemicals are distributed into different types depending on the product segments such as anti-degradants, flame-retardants, accelerators, processing, etc.

Anti-Degradant Rubber Chemicals:

During vulcanization, the Anti-Degradant is mixed with natural rubber to enhance its quality to have better results, increase tensile strength, improved finishing, and high resistance from heat. These rubber chemicals help in preventing aging and inhibit degradation due to oxygen attack of rubber products, to help improve the life of the products. The Anti-Degradant is the biggest segment that had a 55% market share across the globe in the year 2018

Accelerator Rubber Chemicals:

Accelerator rubber chemicals are used with the combination of sulfur, zinc, oxide, and stearic acid during the vulcanization process to have better effectiveness. Accelerator rubber chemicals help in increasing the speed of vulcanization.

Flame Retardants and Other Rubber Chemicals:

Flame retardants help in preventing the rubber from flaming incidents and heat. Moreover, flame retardants help in preserving rubber from moisture, dust, and heat too. The other rubber chemicals are used for pre-vulcanization inhibition, post vulcanization stabilization, Latex based applications, etc.

Market Outlook

Globally, the market size of rubber processing chemicals was recorded at the value of USD 4.8 billion in the year 2018, the growth of rubber chemicals has driven the demand from end-use industries that include automotive and building and construction. Rubber is used in the manufacturing of various products like gloves, tires, mats, flooring pipes, belts, etc. due to its various benefits such as its improved resistance against the effects of heat, sunlight, oxygen, ozone, etc. it’s market is growing from the past few years. The industry of tyres is the leading consumer of rubber chemicals, it shares 70% of the market share globally. Rubber chemicals are used for tire making and to make them more durable and to give them strength. In the forecasted years the global market of rubber chemicals is anticipated to see rapid growth, mostly because of the high demand from the automotive and tire industries. Not only in the tire industry, but Rubber chemicals are also being used in construction, electronic, medical, footwear industry, and a lot of such industries. The rise of rubber processing chemicals can also be seen in the industrial construction industry as floor coverings, roofing components insulators, and sealants.

Rubber Chemical Industry in India

The industry of rubber chemicals has great potential for growth with the high demand in consumption from tire and rubber industries. The market of Indian rubber chemicals reached up to $288mm for the year 2017 and is anticipated to reach a CAGR of 7.5 %, recording $443 million by the year 2023. Almost 80% of the rubber was produced is consumed by the tire industry in India and the rest by other rubber products manufacturers.

Conclusion

NPCS has reached and analyzed the market of rubber chemicals and written a book on “The Complete Book on Rubber Chemicals” the book is a helpful tool to all the rubber chemical manufacturers, technocrats, researchers, consultants, and new entrepreneurs. You can find all the important components related to the industry of rubber chemicals in the book such as physical and chemical properties, applications of different rubber chemicals like waxes, synthetic organic chemicals, amines, silicones resins, release agents, and a lot more valuable and informative stuff.

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