Report Forecast:

The rubber additives market is estimated to grow at a decent CAGR of 4.5% during the forecast period. The recovery of the automotive industry, growing demand for rubber in tire manufacturing, and increasing demand from other end-use industries are expected to drive the market growth over the forecast period. Furthermore, rapid industrialization and urbanization, rising standards of living, and surge in electric vehicle production are likely to bolster the demand for rubber additives in the coming years.

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.

The growth curves of Rubber Additives market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Rubber Additives market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

Listed below are the top key players that dominate the rubber additives market –

• Akzonobel N.V.
• Arkema SA
• BASF SE
• Behn Meyer Group
• China Petroleum and Chemical Corporation
• Eastman Chemical Company
• Emery Oleochemicals LLC
• Lanxess AG
• T. Vanderbilt Company, Inc
• Solvay SA

Rubber Additives Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.

The Rubber Additives Market is segmented into the following categories.

Product Type

The market is bifurcated into antidegradants, accelerators, activators, vulcanization inhibitors, plasticizers, and others. Antidegradants are estimated to remain the biggest demand generator for rubber additives in the foreseen future, due to the growing automotive industry. In addition, the increasing demand for antidegradants is fuelled by the expansion in their applications such as tire and industrial rubber products. Antidegradants are also used to improve the durability and resistance of rubber against the effects of sunlight, oxidation, heat, and mechanical stress. This is expected to further boost the demand for antidegradants over the forecast period.

Application Type

The market is segmented into tires, conveyor belts, electric cables, and others. Tires are expected to be the largest application of rubber additives during the forecast period, as rubber is the primary raw material used in the production of tires. Increasing use of rubber additives to improve tire performance and wear resistance has escalated the demand for rubber additives. As tires are one of the major applications in the rubber industry, rising initiatives in the tire industry by several countries are likely to drive the market growth. One such example is the China Rubber Industry Association (CRIA), which has issued new industry development guidelines for the years 2021 to 2025.

Regional Analysis

Asia-Pacific is expected to remain the largest market for rubber additives over the forecast period. Furthermore, the region is expected to experience healthy market growth in the coming years. China, Japan, India, South Korea, and Thailand are Asia's preferred automobile manufacturing destinations. Increasing disposable income in the region, combined with an increasing motorization rate, ensures high automobile production in Asia-Pacific, which is likely to generate significant demand for rubber additives in the region.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

• Company Profiling
• Detailed profiling of key market players (up to 3 players)
• SWOT analysis of key market players (up to 3 players)

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