Rubber Additive Chemical Market By Type (Rubber Antioxidant, Rubber Accelerators, Insoluble Sulfur, and Other), By Application (Tire & Tubing, Consumer Goods, Construction, Electrical Insulation, and Other), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI264819 | Publish Date: April 2024 | No. of Pages: 180

Global Rubber Additive Chemical Market Overview

Rubber Additive Chemical Market was valued at USD 5.9 Billion in 2024 and is projected to grow at a CAGR of 4.4% to reach USD 8.7 Billion by 2034.

Rubber additive chemicals are compounds which are used during the manufacturing and processing of rubber polymers. During the vulcanization process, rubber additives are applied to improve the end product's mechanical and structural qualities. Each additive serves a specific purpose in giving the finished rubber product its associated attribute. The amount of additives added to rubber during manufacturing determines the rubber's quality. Rubber additives find use in a variety of products, including roll covers, tires, insulation, tapes, gaskets, conveyer belts, and wires and cables. Throughout the projected period, the market is anticipated to rise as a result of the increasing demand for premium rubber from a variety of end-use industries.

The growth of the target market is attributable to the growing need from end-use sectors like the building, construction, and automobile industries. The growing demand for high-quality rubber products and the necessity for enhanced resistance against the impacts of heat, sunshine, oxygen, mechanical stress, and ozone are driving the market expansion. The market is expanding due to the increased emphasis on sustainability and environmentally friendly solutions, the automotive industry's shift to electric vehicles and greener technology, and the rising use of industrial products.

During the projected time frame, the worldwide rubber additive market's performance factors will be determined by the growing number of automobiles and the automotive industry. But the stringent requirements and norms that the government has established in place could serve as barriers to the market for rubber additives. Pollution and dangerous gas emissions damage the environment, thus limiting them could slow down the industry's expansion. At the same time, it is anticipated that environmental issues surrounding its disposal may impede the market's expansion.

Rubber Additive Chemical Market Size

Global Rubber Additive Chemical Market Drivers & Restraints

Rubber Additive Chemical Market Key Drivers:

Expansion of the rubber and tire sector  

  • The requirement for tires, the single greatest consumer of rubber additives, rises correspondingly with the number of cars manufactured globally. This means that in order to provide the best possible efficiency, safety, and longevity in these tires, the usage of rubber additives would rise accordingly. Increased durability and improved security measures are priorities for tire manufacturers. Rubber additives, which increase tires' ability to withstand heat, resistance to wear, and structural integrity, are essential to achieve these objectives. The primary factors driving demand for the market under study are the expanding rubber and tire industries as well as the rising demand from the construction industry's non-tire sector.

Significant advances and requirements from the automotive sector  

  • The global rubber processing chemicals industry is witnessing a notable trend with increasing requirements for high-performance rubber products from the automobile sector. There is an increasing demand for sophisticated compounds with better durability, fuel efficiency, and safety as the automotive industry develops. Specialized chemicals have been developed as a result of this trend to satisfy the demanding performance standards of the automotive sector. For example, the invention and application of sophisticated chemicals and additives that improve the performance characteristics of compounds have been prompted by the need for tires with low rolling resistance, which lowers carbon emissions and increases fuel economy.

Rubber Additive Chemical Market Restrains:

Ecological restrictions associated with rubber compounds

  • Wastewater from washing, vulcanizing, chilling, and heating operations may be polluted with suspended particles, oil, grease, and trace metals like zinc due to direct material contact. Water used in the latex dipping process may get contaminated by the additives utilized. The main contaminants include sulphate, ammonia, nitrogen compounds, acidic effluent, BOD (biochemical oxygen demand), COD (chemical oxygen demand), and SS (suspended solids). While BOD and COD might reduce the amount of oxygen in streams, the other contaminants are toxic. They all therefore put aquatic life at danger. Ammonia, for example, is extremely poisonous and harmful when swallowed or comes into contact with the skin or eyes, posing a risk to people's well-being.

Rubber Additive Chemical Market Opportunities:                

  • Technological developments and improvements in the rubber industry have led to an increase in the use of high-performance rubbers. These materials have great strength, resilience to abrasion, heat, chemicals, and ozone, among other remarkable features. There are certain rubbers that require special additives to enhance processing and performance. Rubber is used with silane coupling agents to improve adhesion with fillers such as silica and carbon black. In an analogous way, organophosphites are used to rubber composites to stabilize and prevent fire. The development of these high-performance rubbers is expected to boost the market for rubber additives in many uses such as medical devices, tires, pipes, belts, seals, and gaskets.

Global Rubber Additive Chemical Market Segmentations & Regional Insights

Rubber Additive Chemical Market is segmented based on type, application, and region.

Type Insights                                      

  • Rubber Antioxidant: Rubber antioxidant type additives help rubber products last longer by preventing ozone, heat, and sunshine from causing any type of deterioration.
  • Rubber Accelerators: Rubber accelerators type rapidly increases the vulcanization procedure, strengthens the chemical interactions that bind rubber components together to produce increased elasticity, durability, and toughness. By lowering the sulphur content needed for vulcanization, the accelerator also contributes to the "aged" appearance of rubber vulcanizates.
  • Insoluble Sulfur: Insoluble sulfur type is an essential vulcanizing ingredient that helps the rubber molecules cross-link during the vulcanization process.
  • Other: Others category includes a broad range of specialty additives, such as flame retardants, colouring agents, processing aids, fillers, plasticizers, and anti-blocking agents.

Application Insights

  • Tire & Tubing: Tire & tubing segment is biggest application category, which requires a mix of additives for tires and hoses to function at their best, last a long time, and be safe. The growing market for high-performance tires is responsible for a significant portion of this proportion. The market is expanding due in part to consumer desire for environmentally friendly tires that provide improved braking and cornering performance.
  • Consumer Goods: Consumer goods like shoes, athletic items, and other consumer goods contain additives to make them flexible, comfortable, and long-lasting.
  • Construction: Construction segment uses rubber additives in construction rubber goods such as expansion joints and roofing membranes to ensure their firmness and durability against weathering.
  • Electrical Insulation: Electrical insulation application type uses electrical insulating qualities of cables and wires which are guaranteed by specialized additives.
  • Other: Others category includes rubber additives which are used in industrial components, gaskets, and a variety of medical equipments.

Regional Insight:

Rubber Additive Chemical Market Regional Insights

Rubber Additive Chemical Market Regional Insights

  • North America market is projected to have notable expansion in the rubber processing chemicals sector. It can be attributed to the prevalence of sectors that are major users of rubber products, including manufacturing, construction, and the automobile industry.
  • Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing demand for rubber goods and the rising automobile industry. It is linked to the quickening pace of economic expansion, urbanization, and industrialization, all of which have raised the need for rubber goods across a range of sectors.
  • Europe market is expanding steadily and is influenced by environmental rules and a focus on sustainability. In order to encourage sustainable manufacturing techniques and lessen the processing's negative environmental effects, European nations have strict laws and standards in place. As a result, environmentally friendly chemicals that adhere to EU requirements and have minimal volatile organic compounds have been developed. European manufacturers are devoting resources to research and development in order to provide novel and environmentally friendly chemicals for rubber production.
  • Latin America market is an emerging region and the rubber additive demand is expected to rise as a result of growing industrialization and the automobile industry in the area.
  • Middle East & Africa market is in its developmental stages and is observing rapid expansion in automotive industry which is driving up demand for rubber additives, which are used in tires, pipes, and other vehicle components.

Rubber Additive Chemical Market  Report Scope:

Attribute

Details

Market Size 2024

US$ 5.9 billion

Projected Market Size 2034

US$ 8.7 billion

CAGR Growth Rate

4.4%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Rubber Antioxidant, Rubber Accelerators, Insoluble Sulfur, and Other

By Application - Tire & Tubing, Consumer Goods, Construction, Electrical Insulation, and Other

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Rubber Additive Chemical Market report based on type, application and region:

Rubber Additive Chemical Market, By Type:

  • Rubber Antioxidant
  • Rubber Accelerators
  • Insoluble Sulfur
  • Other

Rubber Additive Chemical Market, By Application:

  • Tire & Tubing
  • Consumer Goods
  • Construction
  • Electrical Insulation
  • Other

Rubber Additive Chemical Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Rubber Additive Chemical Market Competitive Landscape & Key Players

The key players operating the Rubber Additive Chemical Market includes, Eastman, Kemai Chemical, Sunsine, Jiangsu Sinorgchem Technology, Lanxess, Shandong Yanggu Huatai Chemical, KUMHO PETROCHEMICAL, Northeast Auxiliary Chemical, Addivant, and Puyang Willing Chemicals.

Global Rubber Additive Chemical Market Recent News

  • In June 2022, Evonik introduces POLYVEST eCO, a novel line of sustainable liquid polybutadienes that can be utilized as liquid rubber additives in tire manufacturing process. The goal of the product launch is to satisfy the expanding demands of the sustainable market.
  • In October 2022, China Sunsine Chemical Holdings, a Singaporean company, boosted its manufacturing of rubber chemicals in Shanxian, Shandong Province to meet the increasing demand for its goods within the rubber industry.

Global Rubber Additive Chemical Market Company Profile

  • Eastman *
  • Kemai Chemical
  • Sunsine
  • Jiangsu Sinorgchem Technology
  • Lanxess
  • Shandong Yanggu Huatai Chemical
  • KUMHO PETROCHEMICAL
  • Northeast Auxiliary Chemical
  • Addivant
  • Puyang Willing Chemicals

FAQs

The Rubber Additive Chemical Market is segmented into By Type, By Application and Region.

Factors driving the Rubber Additive Chemical Market include the expanding automotive and tire manufacturing sectors, increasing demand for high-performance rubber products, and advancements in rubber technology.

Recruitment marketing for the Rubber Additive Chemical Market may face constraints due to a scarcity of professionals with specialized knowledge in rubber chemistry, potential safety concerns associated with chemical handling, and competition for skilled individuals in related industries.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Eastman Kemai Chemical Sunsine Jiangsu Sinorgchem Technology Lanxess Shandong Yanggu Huatai Chemical KUMHO PETROCHEMICAL Northeast Auxiliary Chemical Addivant Puyang Willing Chemicals