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Rubber Processing Chemicals Market: By Product, By End User, and Region Forecast 2019-2030
Rubber Processing Chemicals Market: By Product, By End User, and Region Forecast 2019-2030
Rubber Processing Chemicals Market size was valued at US$ 6.4 billion in 2023 and is poised to grow at a CAGR of 4.2% from 2024 to 2030. Common monomers such as Styrene-Butadiene Rubber (SBR), Nitrile Rubber (NBR), and Butyl Rubber (IIR) are used in the manufacturing of a variety of products such as gloves, tires, mats, flooring, pipes, and belts and a major factor for the growth. The end-use products of rubber are highly demanded for extensive applications in automobiles, the consumption in emerging economies has increased owing to the number of vehicles purchased along with sales of the replacement of the tires these factors are projected to drive the market growth.
The increase in technology and high demand for automobiles demand standard quality tires, due to their tensile, elongation, and good abrasion resistance properties which creates lucrative opportunities in the market. Rubber processing generates large about of wastewater, which is released untreated and may cause serious health problems. Furthermore, the manufacturing process such as extrusion and molding results excess in death from hematopoietic, lung, stomach, and bladder, the stringent government regulations regarding disposal of wastewater limit the market growth. The automotive sector is the backbone of the rubber industry, the half of the total rubber production is consumed in the automobile sector and is dominant in the utilization sector. Region-wise, North America has dominated the market share in past years due to a surge in the automobile industries requires high demand for rubber for different Tires and Non-tires applications in the region.
In October 2022, BASF invested 16 million euros into Pyrum Innovations Inc., which specializes in pyrolysis of waste tires. The company expected to extract oil from the waste tires and use it for the manufacturing of new products.
Study Period
2025-2031Base Year
2024CAGR
4.2%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The increasing manufacturing of industrial rubber for automobiles across the world is the major market driver in the market during the forecast period. The surge in the production of tires in the automobile sector boosted the demand for rubber processing chemicals. Also growing electrification in vehicles and increasing performance has fueled the market growth. The government initiatives for safety regulations have increased the use of the product standard. In addition, rising passenger vehicles have experienced market growth at a significant rate.
The market in the Asia Pacific holds a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to increasing urbanization, expansion of international players, and technological advancement in automobiles drives the market growth in the region. China, demand for rubber has increased rapidly production and demand will continue in the forecast years. North America holds the major market share in the global market and will dominate the market in the upcoming years due to an increase in construction activity for roofing and flooring applications. Property owners spend more on the maintenance of roofs. Furthermore, the consumer is more conscientious about tire maintenance to improve vehicle performance.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 6.4 billion |
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Market CAGR |
4.2% |
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By Product Type |
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By End User |
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By Region |
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Rubber processing chemicals market size was valued at US$ 6.4 billion in 2023 and is poised to grow at a CAGR of 4.2% from 2024 to 2030.
The rubber processing chemicals market is poised to grow at a significant CAGR of 4.2% from 2024 to 2030.
The leading players in the market are Eastman Chemical Company, Arkema Group, Emery Oleochemicals Group, Merchem Limited, BASF SE, Paul & Company, Kumho Petrochemical Co., Ltd., Sinochem Group Co., Ltd., Lanxess AG, Solvay SA, Behn Meyer Holding AG, Akzo Nobel N.V., China Petroleum & Chemical Corporation, R.T. Vanderbilt Holding Co., Inc., Nouryon, and Emerald Kalama Chemical, LLC.
| 1.Executive Summary |
| 2.Global Rubber Processing Chemicals Market Introduction |
| 2.1.Global Rubber Processing Chemicals Market - Taxonomy |
| 2.2.Global Rubber Processing Chemicals Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Rubber Processing Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Rubber Processing Chemicals Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Rubber Processing Chemicals Market By Product Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Accelerators |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Anti-Scorch Agents |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Blowing Agents |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Anti-Degradants |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Flame-Retardants |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Processing Aid |
| 5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Polymerization Regulations |
| 5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6.Global Rubber Processing Chemicals Market By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electronics & Semiconductor |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Aerospace |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Industrial |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Healthcare |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Rubber Processing Chemicals Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Rubber Processing Chemicals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Accelerators |
| 8.1.2.Anti-Scorch Agents |
| 8.1.3.Blowing Agents |
| 8.1.4.Anti-Degradants |
| 8.1.5.Flame-Retardants |
| 8.1.6.Processing Aid |
| 8.1.7.Polymerization Regulations |
| 8.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Automotive |
| 8.2.2.Electronics & Semiconductor |
| 8.2.3.Aerospace |
| 8.2.4.Industrial |
| 8.2.5.Healthcare |
| 8.2.6.Others |
| 8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Rubber Processing Chemicals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Accelerators |
| 9.1.2.Anti-Scorch Agents |
| 9.1.3.Blowing Agents |
| 9.1.4.Anti-Degradants |
| 9.1.5.Flame-Retardants |
| 9.1.6.Processing Aid |
| 9.1.7.Polymerization Regulations |
| 9.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automotive |
| 9.2.2.Electronics & Semiconductor |
| 9.2.3.Aerospace |
| 9.2.4.Industrial |
| 9.2.5.Healthcare |
| 9.2.6.Others |
| 9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Rubber Processing Chemicals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Accelerators |
| 10.1.2.Anti-Scorch Agents |
| 10.1.3.Blowing Agents |
| 10.1.4.Anti-Degradants |
| 10.1.5.Flame-Retardants |
| 10.1.6.Processing Aid |
| 10.1.7.Polymerization Regulations |
| 10.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automotive |
| 10.2.2.Electronics & Semiconductor |
| 10.2.3.Aerospace |
| 10.2.4.Industrial |
| 10.2.5.Healthcare |
| 10.2.6.Others |
| 10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Rubber Processing Chemicals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Accelerators |
| 11.1.2.Anti-Scorch Agents |
| 11.1.3.Blowing Agents |
| 11.1.4.Anti-Degradants |
| 11.1.5.Flame-Retardants |
| 11.1.6.Processing Aid |
| 11.1.7.Polymerization Regulations |
| 11.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automotive |
| 11.2.2.Electronics & Semiconductor |
| 11.2.3.Aerospace |
| 11.2.4.Industrial |
| 11.2.5.Healthcare |
| 11.2.6.Others |
| 11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Rubber Processing Chemicals Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Accelerators |
| 12.1.2.Anti-Scorch Agents |
| 12.1.3.Blowing Agents |
| 12.1.4.Anti-Degradants |
| 12.1.5.Flame-Retardants |
| 12.1.6.Processing Aid |
| 12.1.7.Polymerization Regulations |
| 12.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automotive |
| 12.2.2.Electronics & Semiconductor |
| 12.2.3.Aerospace |
| 12.2.4.Industrial |
| 12.2.5.Healthcare |
| 12.2.6.Others |
| 12.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Eastman Chemical Company |
| 13.2.2.Arkema Group |
| 13.2.3.Emery Oleochemicals Group |
| 13.2.4.Merchem Limited |
| 13.2.5.BASF SE |
| 13.2.6.Paul & Company |
| 13.2.7.Kumho Petrochemical Co., Ltd. |
| 13.2.8.Sinochem Group Co., Ltd. |
| 13.2.9.Lanxess AG |
| 13.2.10.Solvay SA |
| 13.2.11.Behn Meyer Holding AG |
| 13.2.12.Akzo Nobel N.V. |
| 13.2.13.China Petroleum & Chemical Corporation |
| 13.2.14.T. Vanderbilt Holding Co., Inc. |
| 13.2.15.Nouryon |
| 13.2.16.Emerald Kalama Chemical, LLC. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.