Product Overview

Rubber processing chemicals are specialty chemicals that are used for enhancing the physical properties of natural and synthetic rubber products. It is done to make it fit for the tire as well as non-tire applications. Rubber processing chemicals help in improving the resistance of rubber to heat, sunlight, oxidation, ozone, and mechanical stresses. Common chemicals used in the processing of rubber include accelerator, vulcanizing agents, stabilizers, and antidegradant. These chemicals improve several properties of rubber-based products such as hardness, resilience, heat and abrasion resistance, and tensile strength to make them commercially useful. Rubber processing chemicals find application in the manufacturing of linings and coatings, tires, gaskets, seals, conveyor belts, and hoses.

Market Highlights

Global Rubber Processing Chemicals market is expected to project a notable CAGR of 4.32% in 2030.

Global Rubber Processing Chemicals Market to surpass USD 6.28 billion by 2030 from USD 4.11 billion in 2020 at a CAGR of 4.32% in the coming years, i.e., 2021-30. Global Rubber Processing Chemicals market is driven by escalating demand from various end-use industries including automotive and building and construction. Furthermore, the growing adoption of rubber in manufacturing of sealants, insulating agents, roofing materials, and floor coverings is anticipated to induce the market growth over the next few years. Other factors, including the advancement of chemicals with better ease of handling, along with rapid urbanization, are projected to drive the market further.

Recent Highlights in Global Rubber Processing Chemicals Market

In July 2018, Lanxess announced to invest approximately USD 580 million at the company’s largest North America site in El Dorado. The move will aid in strengthening the company’s growth in its specialty chemicals business in North America.

Global Rubber Processing Chemicals Market: Segments

Accelerator segment to grow with the highest CAGR during 2021-30

Global Rubber Processing Chemicals market is segmented by Product Type into antidegradants, accelerator, processing aid, flame retardants, blowing agents, anti-scorch agents, and others. Accelerator, based segment held the largest market share in the year 2020. Accelerators are the chemical agents used to speed up the vulcanization process. In vulcanization, accelerators are widely used in combination with sulfur, zinc oxide, and stearic acid. primary and secondary are the two types of accelerators. Primary accelerators mainly find application in tire manufacturing while secondary accelerators are used to increase the speed and state of cure in the vulcanization.

Tire Segment to grow with the highest CAGR during 2021-30

Global Rubber Processing Chemicals market is distributed by application into Tire and Non- Tire. Tire Segment held the largest market share in the year 2020. Tire rubber consumption includes the rubber utilized in all motor vehicle type tires, bicycle tires, and off-road vehicle tires, as well as retreads and inner tubes. The rising automobile industry is anticipated to augment the growth of the tire segment which in turn, boosts the global rubber processing chemicals market.

Market Dynamics

Drivers

Growing Demand from Automotive Industry

Rubber processing chemicals are extensively used in the automotive industry in tires, blades, wipers, hoses, and belts. The consumption of rubber processing chemicals in the automotive sector is increasing owing to advantages such as molding and elasticity that assist the tires to maintain a grip on roads even in unfavorable conditions. Additionally, mounting demand for different types of vehicles has resulted in increasing demand for rubber processing chemicals. Rising technological innovations in the production of automotive tires are another major factor accelerating the growth of the rubber processing chemicals market.

Increasing Application in Construction Industry

Rubber Processing chemicals are utilized in construction industry in floor coverings, roofing materials, sound insulation, and sealants to provide heat and weather resistance and enhanced aesthetics. The growing construction industry coupled with increasing residential and non-residential construction is likely to boost the market growth during the forecast period.

Restraint

Stringent Regulations

Rubber processing chemicals are hazardous to human health as well as to the environment due to which stringent regulations are imposed by the government regarding the use of rubber processing chemicals. Most of these chemicals are discharged into water bodies which is harmful to aquatic life. All these factors are expected to curb the rubber processing chemicals market size in the coming years.

Global Rubber Processing Chemicals Market: Key Players

Arkema SA

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

BASF SE

Crofa International Plc.

Eastman Chemical Company

Kumho Petrochemical Co. Ltd.

Lanxess AG

NOCIL Ltd.

Solvay SA

Sumitomo Chemical

The Chemours Co

Behn Meyer Holdings AG

China Petroleum & Chemical Corporation

Other Prominent Players

Global Rubber Processing Chemicals Market: Regions

Global Rubber Processing Chemicals market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

Global Rubber Processing Chemicals market in Asia Pacific held the largest market share in the year 2020. Asia Pacific will continue to dominate the Global Rubber Processing Chemicals Market due to rapid industrialization and increasing population. Market growth in this region is largely influenced by expanding automobile production as a result of flooding demand and rising per capita incomes. Furthermore, increasing residential and commercial construction due to urbanization is projected to drive the growth of the rubber processing chemicals market.

Global Rubber Processing Chemicals market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Rubber Processing Chemicals market report also contains analysis on:

Rubber Processing Chemicals Market Segments:

By Type

Antidegradants

Accelerator

Processing Aid

Flame Retardants

Blowing Agents

Anti-Scorch Agents

Others

By Application

Tire

Non-Tire

Global Rubber Processing Chemicals market Dynamics

Global Rubber Processing Chemicals market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Rubber Processing Chemicals Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Rubber Processing Chemicals Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Rubber Processing Chemicals Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Rubber Processing Chemicals Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Type: Market Share (2019-2030F)

12.2.1. Antidegradants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.2. Accelerator, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Processing Aid, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Flame Retardants, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.5. Blowing Agents, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.6. Anti-Scorch Agents, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.7. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Application: Market Share (2019-2030F)

12.3.1. Tire, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Non-Tire, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Arkema SA

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. BASF SE

13.3. Crofa International Plc.

13.4. Eastman Chemical Company

13.5. Kumho Petrochemical Co. Ltd.

13.6. Lanxess AG

13.7. NOCIL ltd.

13.8. Solvay SA

13.9. Sumitomo Chemical

13.10. The Chemours Co

13.11. Behn Meyer Holdings AG

13.12. China Petroleum & Chemical Corporation

13.13. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)