Rubber Processing Chemicals Market to trace exponential gain till 2025; boosted by the Construction industry

Rubber Processing Chemicals Market in construction industrywill witness substantial over the forecast timespan. Growing construction activities across the globe shall propel the rubber processing chemicals (rubber chemicals) market in near future. Increasing rate of urbanization in the emerging economies is likely to fuel the construction industry growth over the forecast period. In construction industry, rubber is used in floor coverings, sound insulation, roofing materials and sealants. In addition, increasing applications of rubber in allied industries is anticipated to augment the product demand in next few years. Get sample copy of this research report @https://www.gminsights.com/request-sample/detail/1405 Anti-degradants were the major product segment in 2017 and is forecast to grow with a prominent CAGR. Anti-degradant rubber chemicals demand from the tire segment has been increasing rapidly from past few years. It improves rubbers resistance to the effects of oxidation, sunlight, ozone, heat and mechanical stress. Accelerator segment held the largest market share in rubber processing chemicals market in 2017. It shall grow with a significant CAGR during the forecast timespan. Accelerators are used to increase the speed of rubber production and quality. Asia Pacific created a major chunk of product demand in past and it is likely to grow with highest growth rate over the forecast timeframe. This can be attributed to the presence of major automobile manufacturers in this region. According to the recent OICA reports, more than 50% of global vehicles (passenger and commercial, both) are manufactured in Asia Pacific. Europe was second largest in rubber processing chemicals market in 2017 in terms of volume. Presence of a well-established automobile industry in Germany, France, Italy and UK, drives a major portion of Europe rubber processing chemicals demand and is likely to continue in future. Many giant multinational and medium-scale companies are operating in the rubber processing chemicals market. Some prominent players functional in the industry include Kumho Petrochemicals, BASF SE, Eastman Chemical Company, Solvay S.A., AkzoNobel N.V., Emerald Performance Materials, Sumitomo Chemicals, Linkwell, R.T. Venderbilt Holding Company, Inc., Pukhraj Additives LLP and Merchem Ltd. Major players working in the rubber chemical market are having joint ventures with local manufacturers to increase their global presence. For instance, in May 2012, LANXESS started a nitrile butadiene rubber (NBR) plant in China. It is opened with Taiwan?s TSRC Corporation in a 50:50 joint venture. Both companies have invested USD 50 million each. This plant is having an annual capacity 30,000 metric tons. Make an inquiry for buying this report @https://www.gminsights.com/inquiry-before-buying/1405 Proportionate to the remarkable rise in the use of rubber for several applications, investments in the rubber processing chemicals industry have been increased rapidly. Aided by myriad plant expansions, new technology adoption, and the spate of tire waste recycling practices, the demand for rubber processing chemicals is bound to experience an upsurge ahead. The increasing awareness among the tire manufacturers about the prominent need of product enhancement for gaining more profit and strengthening their customer base will also stimulate the rubber processing chemicals market size, which is likely to be pegged over USD 5.3 billion by the end of 2025. Major Point From Table Of Content: Chapter 4. Rubber Processing Chemicals Market, Product By Application 4.1. Global rubber processing chemicals market product insights 4.2. Accelerators 4.2.1. Global market estimates and forecast, 2014 - 2025 4.2.2. Global market estimates and forecast, by application, 2014 - 2025 · Tire · Non-tire 4.2.3. Global market estimates and forecast by region, 2014 - 2025 4.3. Flame retardants 4.3.1. Global market estimates and forecast, 2014 - 2025 4.3.2. Global market estimates and forecast, by application, 2014 - 2025 · Tire · Non-tire 4.3.3. Global market estimates and forecast by region, 2014 - 2025 4.4. Anti-degradants 4.4.1. Global market estimates and forecast, 2014 - 2025 4.4.2. Global market estimates and forecast, by application, 2014 - 2025 · Tire · Non-tire 4.4.3. Global market estimates and forecast by region, 2014 - 2025 4.5. Processing aids 4.5.1. Global market estimates and forecast, 2014 - 2025 4.5.2. Global market estimates and forecast, by application, 2014 - 2025 · Tire · Non-tire 4.5.3. Global market estimates and forecast by region, 2014 - 2025 4.6. Others 4.6.1. Global market estimates and forecast, 2014 - 2025 4.6.2. Global market estimates and forecast, by application, 2014 - 2025 · Tire · Non-tire 4.6.3. Global market estimates and forecast by region, 2014 - 2025 Browse complete Table of Contents (ToC) of this research report @https://www.gminsights.com/toc/detail/rubber-processing-chemicals-market