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World Rubber Processing Chemicals Market

World Rubber Processing Chemicals Market

  • July 2015
  • 275 pages
  • ID: 829734

Summary

Table of Contents

Broad trends that influence demand for rubber used in tires and industrial products will have a strong impact on rubber processing chemicals. For example, rising motor vehicle ownership rates in developing nations will support local tire production, necessitating additional consumption of processing chemicals. Non-tire rubber chemical demand will also benefit from a healthy outlook for world motor vehicle production, as well as continuing industrialization in the developing world.

Performance requirements to affect chemical demand

Global trends toward higher performance requirements and longer service lives expected of tires and other rubber goods will further drive demand. Premium tires, which consume higher loadings of antidegradants in their formulation, will capture an increasing share of the world market. Demand growth for accelerators will also outpace rubber consumption gains, with these advances resulting from the use of more complex curing systems involving secondary or ultra-accelerators, which are frequently used in more specialized formulations. Demand for other processing chemicals, including non-sulfur curing agents, processing aids, adhesion promoters, and various other types, will also see healthy increases through 2020. Organic peroxide cure agents, used instead of sulfur to cure some synthetic elastomers, will see above average growth due to rising demand for more specialized rubber products and because of their ability to provide superior product performance characteristics.

China’s challenges cause concern

Economic growth in China has decelerated in recent years as the country faces challenges related to its real estate and financial markets. This is a significant concern for the rubber processing chemical industry. However, the Chinese rubber market is expected to remain healthy through 2020 as motor vehicle production remains strong, and the country is forecast to contribute nearly half of incremental global demand growth. Both Japan and Western Europe are expected to exhibit a reversal from declines in rubber processing chemical demand experienced between 2010 and 2015, while US demand accelerates due to improving market conditions.

Study coverage

World Rubber Processing Chemicals presents historical demand data (2005, 2010 and 2015) plus forecasts (2020 and 2025) by market (tires and tire products, non-tire rubber products) and product (antidegradants, accelerators, processing aids and other) in 6 regions and 21 countries. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles 19 industry competitors worldwide.

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