[FURL=https://www.industryarc.com/Report/11723/rubber-additives-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Rubber Additives Market[/FURL] size is forecast to reach US$ 4.6 billion by 2026, after growing at a CAGR 6% during 2021-2026. Globally, the rising demand for automobile-related products that are both efficient and of high quality is anticipated to raise the demand for rubber additives. Furthermore, increasing usage of rubber additives that is to be applied on the finished product during the ethylenepropylenediene monomer vulcanization process to give it strength and certain qualities is anticipated to boost the market growth. The rising usage of silicone rubber additives to cure speeds, hardness, rheology, and various other physical properties of the cured rubber will also drive the growth of the rubber additives market.Key Takeaways
Asia-pacific region dominated the rubber additives market due to the rising production of automotive and aerospace in emerging economies such as India, China, South Korea, and Japan.
Increasing demand for flame retardant rubber owing to its cost effectiveness in applications such as adhesives, hoses, and others, is estimated to drive the growth of the market in the projected period.
The rising usage of rubber polymers in tire manufacturing and electrical insulation industries is estimated to drive the global demand for rubber additives over the forecast period.
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Rubber Additives Market Segment Analysis– By Geography
The Asia Pacific region held the largest share of more than 42% in the rubber additives market in 2020. Globally, the region's growth in the market is mainly due to the rising investments in the automotive and aerospace and defense sector. Rising production of automotive and aircrafts in emerging economies such as China, Japan, India, and South Korea are increasingly driving the growth of the rubber additives market. For instance, according to the International Trade Administration, China appears to be the world's largest automotive sector, with the Chinese government predicting the car production to reach 35 million units by 2025.
Rubber Additives Market Drivers
Rising Government Investment in the Infrastructure Sector
Increasing Production of Electric Vehicles (EVs)
Rubber Additives Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the rubber additives market. Major players in the rubber additives market are BASF SE, Lanxess AG, Akzonobel N.V., Solvay SA, Arkema SA, China Petrochemical Corporation (Sinopec), Eastman Chemical Company, OCIL LIMITED, China Sunsine Chemical Holdings Limited among others.
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