Rubber Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Rubber Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global rubber additives market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Rubber additives are ingredients added to natural and synthetic latex to obtain desirable properties. They include tackifiers, process aids, lubricants, protectants, stabilizers, emulsions, surfactants, polymers, vulcanizing agents, curing agents, antioxidants, crosslinkers, flame retardants, chain transfer agents, and modifiers to control molecular weight. They also comprise plasticizers to improve flexibility, fillers to enhance durability and performance, and plasticizers to provide flow and reduce compound viscosity. Nowadays, manufacturers are offering an innovative range of rubber additives like dispersions that eliminate cross-contamination of dry pigments, enhance color consistency, and increase product quality, depending on the specific requirements of end users.

Rubber Additives Market Trends:
As rubber additives find extensive application in the production of tires, the boosting sales of automobiles represent one of the key factors strengthening the market growth. Moreover, rubber is employed in the construction of residential and commercial buildings on account of its heat, mechanical stress, and vibration-resistant properties. This, in confluence with the rising consumer spending on real estate properties, is providing a positive outlook to the market. Apart from this, due to the growing adoption of smart irrigation practices, there is an increase in the usage of rubber additives in the agriculture industry for making hoses that assist in the optimal distribution of water across the fields. Furthermore, rubber additives are used in electricity transmission and distribution (T&D) networks to protect against the hazardous impact of electricity. Additionally, rising investments by governing agencies of numerous countries in the refurbishment of aging grid technology and establishing sustainable electrical networks in remote areas are propelling the market growth. In line with this, market players are offering specialty additives that can significantly improve the endurance, efficiency, and performance of rubber compounds, which is anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rubber additives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, rubber type and application.

Breakup by Type:

Activators
Accelerators
Vulcanization Inhibitors
Plasticizers
Others

Breakup by Rubber Type:

Natural Rubber
Synthetic Rubber

Breakup by Application:

Tire
Conveyor Belts
Electric Cables
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akrochem Corporation, Arkema S.A., BASF SE, Behn Meyer Holding AG, China Petroleum & Chemical Corporation, China Sunsine Chemical Holdings Ltd., Eastman Chemical Company, Lanxess AG, Nocil Ltd., Solvay S.A., Struktol Company of America LLC (Schill + Seilacher GmbH), Sumitomo Chemical Co. Ltd. and Thomas Swan & Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global rubber additives market in 2022?
2. What is the expected growth rate of the global rubber additives market during 2023-2028?
3. What are the key factors driving the global rubber additives market?
4. What has been the impact of COVID-19 on the global rubber additives market?
5. What is the breakup of the global rubber additives market based on the type?
6. What is the breakup of the global rubber additives market based on the application?
7. What are the key regions in the global rubber additives market?
8. Who are the key players/companies in the global rubber additives market?