Future Outlook and Strategic Recommendations for the Spray-on Rubber Additives Market
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Published: 2024-06-12 11:54:19

Rubber additives are crucial chemicals and materials incorporated into rubber compounds to enhance their properties and performance. These additives include accelerators, antidegradants, plasticizers, fillers, and processing aids, among others. They play a significant role in improving the durability, elasticity, strength, and resistance to aging of rubber products. The rubber additives market size is estimated to be USD 7.8 billion in 2021 and is projected to reach USD 9.3 billion by 2026, at a CAGR of 3.5% between 2021 and 2026. Rubber additives are used to improve the resistance of rubber against the effects of heat, sunlight, mechanical stress, and others.

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Rubber Additives Market Growth in End-Use Industries

✔️ Automotive Industry

Tires: Rubber additives are essential in the production of tires, providing improved performance characteristics such as wear resistance, traction, and fuel efficiency. The automotive industry's shift towards electric and hybrid vehicles is driving innovation in tire technology, increasing the demand for advanced rubber additives.
Non-Tire Components: Additives are also used in the manufacture of various non-tire automotive components like hoses, belts, seals, and gaskets, which require enhanced durability and resistance to extreme conditions.

✔️ Construction and Infrastructure

Seals and Gaskets: In the construction industry, rubber additives are used in seals, gaskets, and expansion joints to ensure longevity and resistance to environmental factors. The growing infrastructure development worldwide is boosting the demand for high-performance rubber components.
Waterproofing and Insulation: Rubber additives enhance the properties of materials used for waterproofing and insulation in buildings, contributing to energy efficiency and structural integrity.

✔️ Industrial Applications

Conveyor Belts and Hoses: In industrial settings, rubber additives are vital in manufacturing conveyor belts, hoses, and other components that require high strength, flexibility, and resistance to chemicals and abrasion.
Rollers and Seals: Additives improve the performance and lifespan of industrial rollers and seals used in machinery and equipment, reducing maintenance costs and downtime.

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✔️ Consumer Goods

Footwear: Rubber additives are used in the production of soles and other components of footwear, providing enhanced comfort, durability, and aesthetic appeal. The fashion and sports industries' continuous evolution fuels the demand for innovative rubber products.
Household Products: Additives are essential in various household items such as gloves, mats, and seals, ensuring they meet safety and performance standards.

✔️ Healthcare and Medical Devices

Medical Tubing and Gloves: In the healthcare industry, rubber additives are used in the production of medical tubing, gloves, and other equipment that require high levels of purity, flexibility, and resistance to sterilization processes.
Medical Seals and Gaskets: These additives help in manufacturing seals and gaskets used in medical devices and equipment, ensuring reliability and safety.

✔️ Electronics and Electrical

Insulation and Sealing: Rubber additives are used in the electronics industry for insulating cables, wires, and components, providing protection against heat, moisture, and electrical interference.
Electronic Devices: Additives improve the performance and longevity of various rubber components in electronic devices, such as keypads, connectors, and seals.
Rubber Additives Market Key Players

The key players in this market are are Arkema S.A.(France), Lanxess AG (Germany), BASF SE (Germany), Solvay S.A. (Belgium), Sinopec Corporation (China), R.T. Vanderbilt Holding Company, Inc. (US), Emery Oleochemicals (US), Behn Meyer Group (Germany), Toray Industries, Inc. (Japan), and Sumitomo Chemical (Japan).
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Rubber Additives Market Growth Drivers
 📌 Technological Advancements: Innovations in rubber additive formulations enhance the performance and application scope of rubber products, driving market growth.

 📌 Automotive Industry Expansion: The continuous growth and evolution of the automotive industry, especially with the rise of electric vehicles, significantly increase the demand for high-performance rubber additives.

 📌 Infrastructure Development: Global infrastructure projects and urbanization efforts create substantial demand for construction materials incorporating rubber additives.

 📌 Health and Safety Regulations: Stringent health, safety, and environmental regulations push manufacturers to adopt advanced rubber additives that meet compliance standards while enhancing product performance.

 📌 Consumer Demand for Quality Products: Rising consumer expectations for durable, high-quality goods drive the need for improved rubber additives in various applications.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 RUBBER ADDITIVES MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 RUBBER ADDITIVES MARKET: DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 RUBBER ADDITIVES MARKET: DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 RUBBER ADDITIVES MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

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2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
           FIGURE 1 RUBBER ADDITIVES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1 (SUPPLY-SIDE): COLLECTIVE REVENUE AND SHARE OF MAJOR PLAYERS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY, APPROACH 1 BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN
    2.3 DATA TRIANGULATION
           FIGURE 6 RUBBER ADDITIVES MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 RUBBER ADDITIVES MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 9 ANTIDEGRADANTS TO BE LARGEST TYPE OF RUBBER ADDITIVES
    FIGURE 10 NON-TIRE SEGMENT TO BE FASTER-GROWING APPLICATION OF RUBBER ADDITIVES
    FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF RUBBER ADDITIVES MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN RUBBER ADDITIVES MARKET
           FIGURE 12 ASIA PACIFIC TO LEAD RUBBER ADDITIVES MARKET DURING FORECAST PERIOD
    4.2 RUBBER ADDITIVES MARKET, BY REGION
           FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: RUBBER ADDITIVES MARKET, BY TYPE AND COUNTRY
           FIGURE 14 CHINA LED RUBBER ADDITIVES MARKET IN ASIA PACIFIC IN 2020
    4.4 RUBBER ADDITIVES MARKET SIZE, BY APPLICATION VS. REGION
           FIGURE 15 TIRE APPLICATION DOMINATED OVERALL MARKET IN MOST REGIONS IN 2020
    4.5 RUBBER ADDITIVES MARKET, BY KEY COUNTRIES
           FIGURE 16 INDIA TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 OVERVIEW OF FACTORS GOVERNING RUBBER ADDITIVES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand from non-tire rubber applications
                               TABLE 2 TOTAL MINERALS PRODUCTION, BY CONTINENT (MILLION METRIC TONS)
                    5.2.1.2 Increasing demand for natural rubbers
                               FIGURE 18 NATURAL RUBBER PRODUCTION: 2016–2021
                    5.2.1.3 Increasing demand for rubber in electric vehicles (EVs)
                               FIGURE 19 ELECTRIC VEHICLE (EV) SALES, GLOBALLY (2010–2020)
           5.2.2 RESTRAINTS

Continued...