(MENAFN- Market Press Release) March 14, 2023 11:14 pm - The Rubber Additives Market is anticipated to experience a CAGR of 5.30 % in the next six years and moreover, it is forecast to reach US$ 2.69 billion by 2028.
The Rubber Additives Market is estimated to reach $2.69 billion by 2028, with a CAGR of 5.30% from 2023 to 2028.
Chemicals or other substances added to rubber polymers during processing and manufacturing are known as rubber additives. To improve the basic rubber polymer's structural and mechanical properties, overall performance, and quality, rubber additives are added. The most common types of rubber additives are accelerators and inhibitors of vulcanization, chemical blowing agents, processing aids, adhesion promoters, antiozonants, and fillers. Accelerators increase the effectiveness of cross-linking, whereas inhibitors reduce the rate of vulcanization. When processing aids are used, rubber viscosity is decreased. As a result, less energy is used during the process of combining rubber with other materials. To increase the adhesion of rubber to metal, adhesion boosters are also used in tire production. Unvulcanized rubber is frequently stiffened by adding fillers and other rubber additives.
Browse for full report @ demand for rubber additives is driven by the expanding usage of rubber polymers in the tire manufacturing and electrical insulation industries. The tire manufacturing business is the largest consumer of rubber. Oil extenders, process aids, and vulcanization accelerators are some rubber additives used in tire production. The most common accelerators used to increase cross-linking effectiveness during vulcanization include guanidines, thiazoles, thiurams, and sulfur. Chemical peptizes and specific plasticizers are examples of processing aids that are primarily used to lower viscosity for simpler manufacture and stabilization. Tire tread construction uses two extenders: clay and calcium carbonate. The use of electrical insulation in commercial and residential construction is another factor influencing the need for rubber additives globally. Rubber is a common insulating material since it is a bad conductor of electricity. Rubber extenders, also referred to as oil extenders, are therefore frequently used rubber additives that assist in reducing overall insulation costs.
Market Drivers and Restraints:
The main factor driving the market for rubber additives is the expansion of infrastructure projects, which encourages private infrastructure investment (PPI) and raises the demand for industrial hoses. As a result, there are more infrastructure upgrades, which raises the demand for industrial rubber hoses. Furthermore, the government encourages the use of natural rubber in several infrastructure projects due to the primary commodity's declining price. As a result, it is anticipated that demand for rubber would increase along with the amount of infrastructure projects, driving the global market for rubber additives ahead.
Due to reasons like rising demand for low-emission transportation as well as government incentives and tax breaks for long-distance, zero-emission vehicles, manufacturers are now required to offer electric vehicles on a global scale. As a result, there is growing competition on the market for electric vehicles. Increased production of electric vehicles is anticipated to increase tire consumption and fuel the expansion of the global rubber additives market during the forecast period. Also, by the year 2050, nations around the world have established goals for reducing car emissions. As a result, several governments have started to encourage the development and sale of electric vehicles. Also, the need for rubber in a variety of applications is projected to increase as the sales of electric vehicles increase in the coming years, driving the growth of the rubber additives market throughout the course of the forecast period.
Ask for a sample report @ report is segmented as follows:
By Rubber Type (Synthetic rubber and Natural rubber)
By Additive type (Activators, Accelerator, Plasticizers, Peptizers, Tackifiers, Vulcanization inhibitors and Others)
By Application (Insulation, Tires, Cable and roll coverings, Adhesives, Specialty tapes, Industrial hoses and Others)
By End User (Aerospace and Defense, Automotive, Motorcycles and Bicycles, Building and Construction, Sports, Industrial and Others)
Middle east and Africa
Impact of the COVID-19 pandemic on the market:
The COVID-19 epidemic forced the closure of plants that produced cars in 2020, which hindered the expansion of the rubber additives sector. Due to the disruption of the import-export supply chain, raw materials became less readily available, which slowed the expansion of the industry. Also, due to the new normal situation and the reopening of multiple facilities in various regions, it is anticipated that the market for rubber additives will return to normal in the projected period.
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