Rubber Processing Chemicals (Additives) Market - Forecast(2025 - 2031)

 

Rubber Processing Chemicals (Additives) Market Overview

Rubber Processing Chemicals (Additives) Market Size is forecast to reach $8030.34 Million by 2030, at a CAGR of 5.70% during forecast period 2024-2030. Rubber processing chemicals (Additives) are high-performance additive materials used in rubber polymer production to improve processability, flexibility and endurance. The rubber processing chemical additives can be accelerators, lubricants, plasticizers and anti-degradants. Rubber chemical additives are extensively used in the automotive sector where it is utilized in the production of tires, wipers, bumpers, airbags and several other automobile components as it acts as vulcanizing agents and has flame retardant properties. The rise in automotive production will raise the demand for the rubber processing chemical additives industry. For instance, according to the National Association of Automotive Vehicle Manufacturers Brazil, automotive production reached 203,600 units in June 2022, the 200 thousand vehicles produced for the second time in the year. Also, there is an increase of 20% in the second quarter of 2022 as compared to the first quarter of 2022. Also, the rise in the industrial & electronics sector will further flourish the market growth. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for automobiles, electrical and electronic consumer goods and others, all across the world, which had a significant impact on the growth of the Rubber Processing Chemicals (additives) industry.

Rubber Processing Chemicals (Additives) Market Report Coverage

The “Rubber Processing Chemicals (Additives) Market Report – Forecast (2024 - 2030)” by Industry ARC, covers an in-depth analysis of the following segments in the Rubber Processing Chemicals (Additives) industry.

By Chemical Type: Dimethylamine, Zinc oxide, Stearic acid, Styrenated Phenol and Others
By Function: Antidegradants/Antioxidants, Accelerators, Regulator, Retarders, Inhibitors, Blowing Agents and Others
By Application: Tire and Non-Tire
By End-Use Industry: Aerospace & Defence, Automotive, Electric & Electronics, Sports & Footwear, Healthcare, Industrial and Others
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The Asia-Pacific region dominates the Rubber Processing Chemicals (Additives) Market with a CAGR of 68% during the forecast period (2022-2027) owing to the rising growth in the automotive, aerospace & defense and industrial industries in various countries such as China, India, Japan and South Korea.
  • The rising demand for automotive-related products is anticipated to raise the demand for Rubber Processing Chemicals owing to their flame retardants and anti-degradant properties.
  • The rising usage of synthetic rubber additives to cure speeds, hardness, rheology and various other physical properties of the cured rubber will also drive the growth of the rubber additives market
Figure: Asia-Pacific Rubber Processing Chemicals (Additives) Market Revenue, 2021-2027 (US$ Billion)
Rubber Processing Chemicals (Additives) Market
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Rubber Processing Chemicals (Additives) Market Segment Analysis – by Application

The tire segment held the largest Rubber Processing Chemicals (Additives) Market share in 2021 and is expected to grow at a CAGR of 5.1% during 2022-2027. The huge demand for Rubber Processing Chemicals in the production of tires as rubber is the primary raw material will boost the market growth. The rubber is processed using additives to obtain the desired properties of flame retardants, anti-degradant, friction, mechanical stress and others. For instance, according to the U.S., Tire Manufacturers Association (USTMA), the total U.S., tire shipments are expected to reach 340.2 million units in 2022, compared to 335.2 million units in 2021 and 332.7 million units in 2019. The growing automotive industry will increase the demand for processed tires to meet the needs of the customers. Therefore, rising global motor vehicle production is the key factor driving the tire market and in turn boosting the demand for Rubber Processing Chemicals (additives).

Rubber Processing Chemicals (Additives) Market Segment Analysis – by End-Use Industry

The automotive industry held a significant Rubber Processing Chemicals (Additives) Market share in 2021 and is estimated to grow at a CAGR of 4.8% during the forecast period 2022-2027. Rubber processing chemicals (additives) are widely used for various functions such as accelerators, lubricants, antioxidants plasticizers and anti-degradants, which are widely used in the automotive sector for the production of numerous automobile components such as tires, wipers, floor mats, bumpers, among others. The automotive sector is growing globally with an increase in production and sales and this is expected to surge the growth of the market during the forecast period. For instance, in March 2022, the Maruti Suzuki produced a total of 1,63,392 vehicles, which includes a total of 1,59,211 passenger vehicles and 4,181 commercial vehicles. Also, according to European Automobile Manufacturers Association, car registrations reach 14.3 million units in 2021 in the European Union. Such high growth in the automobile sector globally is expected to bolster the requirement for Rubber Processing Chemicals (additives) which in turn will propel the growth of the market during the forecast period.

Rubber Processing Chemicals (Additives) Market Segment Analysis – by Geography

Asia-Pacific region dominated the Rubber Processing Chemicals (Additives) Market share by 42% in the year 2021, owing to the rising automotive, sports & footwear, healthcare and industrial production in the region owing to antioxidants and antiozonants function and flame retardants properties. China is estimated to witness growth in the demand for Rubber Processing Chemicals (additives) due to the rise in the production of industrial, automotive, healthcare and others. For instance, according to the China Association of Automobile Manufacturers, the total production of cars in June 2022 is around 249.9 thousand with a month-on-month increase of 28.2%. Also, according to trading economics, Industrial production of India increased by 19.6%, year-on-year in May of 2022. It was the strongest growth since May 2021 as output accelerated for all sectors such as electronics, mining, manufacturing and others. Such increasing automotive and industrial production in the APAC countries is anticipated to increase the demand for Rubber Processing Chemicals (additives) in the forecasted period and is proving to be a market booster for the Rubber Processing Chemicals (additives) market size in this region.

Rubber Processing Chemicals (Additives) market drivers

Increasing demand for non-tire applications:

The rise in the demand for Rubber Processing Chemicals (additives) from non-tire applications is driving the market growth. The various applications of non-tire include wipers, footwear, rubber goods, rubber mats, insulations, conveyor belts, automotive body parts, rubber insulation tapes, the mining industry and many more. The rise in the growth of industries in the developing nations of Asia-Pacific, particularly in China and India, leads to the increased demand for rubber products owing to its anti-degradant, antioxidants and antiozonants functions. For instance, as per Trading Economics, industrial production of China has expanded by 3.9% year on year in June 2022, compared with the market consensus of 4.1% and much faster than a 0.7% gain in May. Industrial production picked up strongly for both manufacturing (3.4% vs 0.1% in May) and utilities (3.3% vs 0.2%) while mining output growth quickened (8.7% vs 7.0%) as per the National Bureau of Statistics of China. Thus, with the growing industrial production, the demand for non-tire applications will increase and eventually will flourish the Rubber Processing Chemicals (Additives) Market size over the forecast period.

The Emergence of Electric vehicles is boosting the demand in the market

In electric vehicle production, Rubber Processing Chemicals(additives) are utilized for various functions such as accelerators, lubricants, plasticizers and anti-degradants that are used extensively used in the production of several rubber polymers auto parts that include tires, wipers, bumpers, airbags, among others. With the rise in the growth of the electric vehicle industry, the demand for Rubber Processing Chemicals (additives) will increase eventually. For instance, according to the European Automobile Manufacturers’ Association, sales of battery electric vehicles continued to expand in the European Union, accounting for 9.9% of total passenger car registrations in the second quarter of 2022. Also, Plug-in hybrid cars accounted for 8.7% of the market share, up from 8.4% in the second quarter of 2021. Thus, with the growth of electric vehicle production, the demand for rubber products for electric vehicles will increase and in turn will drive the growth of the Rubber Processing Chemicals (additives) industry over the forecast period.

Rubber Processing Chemicals (Additives) Market Challenges

Stringent regulation regarding the harmful effects of chemicals may hamper the market’s growth:

The production of rubber requires various chemicals to meet the specific requirement of various rubber-based products. During the production of rubber, harmful gases are released which harm the environment and human life. Various governing bodies such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and Environmental Protection Agency (EPA) strictly monitor the use of chemical additives in the preparation of rubber. According to the National Library of Medicine (LIB), exposure to chemical additives such as tetramethyl thiuram monosulfide, which is used as an accelerator in rubber production affects human health. Such stringent adverse impacts and regulations regarding the use of rubber chemicals may hamper the market growth.

Rubber Processing Chemicals (Additives) Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Rubber Processing Chemicals (Additives) Markets. The Rubber Processing Chemicals (Additives) top 10 companies include:

  1. BASF SE
  2. Akzo Nobel
  3. Emerald Performance Chemicals
  4. Lanxess Corporation
  5. Vanderbilt
  6. Georgia Pacific Chemicals
  7. Duslo
  8. Georgia Pacific Chemicals
  9. Cray Valley
  10. Emerald Performance Chemicals

Key Market Players:

The Top 5 companies in the Rubber Processing Chemicals (Additives) Market are:

  1. Arkema S.A.
  2. BASF SE
  3. Behn Meyer Holding AG
  4. China Petroleum and Chemical Corporation
  5. Lanxess AG        

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