Rubber Additives Market

Rubber Additives Market Size (2023-2028):

The Rubber Additives Market is anticipated to experience a CAGR of 5.30 % in the next six years and moreover, it is forecast to reach US$ 2.69 billion by 2028.

Rubber additives are chemicals or agents that are added to rubber polymers during processing and synthesis. Rubber additives are mixed into the raw rubber polymer to increase its structural and mechanical qualities and overall performance and quality. Vulcanization accelerators and inhibitors, chemical blowing agents, processing aids, adhesion promoters, antiozonants, and fillers are the primary examples of rubber additives. Accelerators boost the efficiency of cross-linking, while inhibitors slow down the vulcanization process. Rubber viscosity is reduced with the application of processing aids. This makes it easier to combine rubber with other components and reduces the amount of energy used in the process. Adhesion boosters are also utilized in tire manufacture to improve rubber-to-metal adhesion. Fillers and other rubber additives are commonly used to strengthen the stiffness of unvulcanized rubber.

The growing use of rubber polymers in tire manufacturing and electrical insulation industries drives global demand for rubber additives. Rubber is consumed mostly by the tire manufacturing industry. Rubber additives used in tire manufacture include vulcanization accelerators, process aids, and oil extenders. Guanidines, thiazoles, thiurams, and sulfur are popular accelerators used to improve cross-linking efficiency during vulcanization. Processing aids include chemical peptizes and certain plasticizers which are majorly utilized for reducing viscosity for easier production and stabilization. Clay and calcium carbonate are two extenders used in tire tread construction. Another driver of global demand for rubber additives is electrical insulation in residential and industrial construction. Rubber is a poor conductor of electricity, making it a popular insulating material. As a result, rubber extenders, sometimes known as oil extenders, are widely used rubber additives that help lower overall insulation costs.

Rubber Additives Market Drivers:

The major driver for the rubber additives market includes the increasing amount of infrastructure projects which further fuels the private participation in infrastructure (PPI) to invest more, so that the demand for industrial hoses will be increased. As a result, infrastructural expansions increase, increasing the demand for industrial rubber hoses. Furthermore, because of the primary commodity's dropping price, the government promotes natural rubber use in numerous infrastructure projects. Therefore, with the increasing number of infrastructure projects, it is expected that demand for rubber will rise, propelling the global rubber additives market forward.

Manufacturers have been obliged to provide electric vehicles globally due to factors such as increased demand for low-emission commuting and government subsidies and tax breaks for long-range, zero-emission automobiles. As a result, the market for electric automobiles is becoming increasingly competitive. Over the forecast period, it is expected that increased production of electric vehicles will increase tire demand and boost the global rubber additives market growth. In addition, vehicle emissions reduction objectives have been set by countries worldwide by the year 2050. As a result, various governments have begun to promote the production and marketing of electric vehicles. Moreover, as the sales of electric vehicles grow in the future years, demand for rubber in various applications is likely to rise, boosting the rubber additives market growth throughout the forecast period.

Rubber Additives Market Restraints:

Rubber additives face many challenges, the most significant of which is the shifting price of raw materials. The key constraints impeding the global rubber additives market growth include the short-term price volatility of raw materials such as aniline, carbon disulfide, etc. For example, in the first half of 2019, the price of aniline remained nearly constant, and the price of pure benzene, its upstream raw material, remained essentially constant. Therefore, due to fluctuating raw material prices, the market for rubber additives is expected to experience challenges in the coming years.

RUBBER ADDITIVES MARKET REPORT COVERAGE:

Market Segmentation: 

Rubber Additives Market By Rubber Type:

• Synthetic rubber

• Natural rubber

Based on rubber type, synthetic rubber accounted for the greatest share of the rubber additives market from 2022 - to 2027. Synthetic rubber outperforms natural rubber in terms of abrasion resistance and capacity to attach to metals, which is why it's widely utilized in the production of rubber gaskets, seals, tubing, and other components. Rubber additives are in higher demand as synthetic rubber becomes more popular due to its appealing characteristics. In addition, the growing use of silicone rubber additives and ethylene propylene diene monomer vulcanization rubber in various applications will propel the global rubber additives market forward over the projection period.

Rubber Additives Market By Additive Type:

• Activators

• Accelerator

• Plasticizers

• Appetizers

• Tackifiers

• Vulcanization inhibitors

• Others

In 2021, the market for rubber additives was dominated by accelerators. Throughout the forecast period, the global rubber additives market will be driven by an increase in the use of accelerators in both natural and synthetic rubbers. The two most prevalent activators used in the rubber business are zinc oxide and stearic acid. In the rubber sector. Zinc oxide is primarily utilized as a vulcanization accelerator in most rubber products, and its actions also influence the physical properties of the finished rubber product. Zinc oxide also helps to improve and increase the anti-aging properties of vulcanized rubber. As a result of its attractive features in the rubber industry, the market for accelerators is expected to rise further.

Rubber Additives Market By Application:

• Insulation

• Tires

• Cable and roll coverings

• Adhesives

• Specialty tapes

• Industrial hoses

• Others

Due to the rising need for high-quality rubber from the automotive industry, the tires segment accounts for a significant portion of the global rubber additives market. The primary consumer of rubber is the tire manufacturing business. Rubber additives' second-largest market is Europe. Rubber additive consumption is expected to rise due to the rising demand for high-tech and sophisticated rubber goods. Rubber additives like fillers are also commonly used to increase the stiffness of unvulcanized rubber. This makes it easier to combine rubber with other components and reduces the amount of energy used in the process. Due to domestic electrical insulation and industrial construction, rubber additives are also in high demand.

Rubber Additives Market By End User:

• Aerospace and Defense

• Automotive

• Motorcycles and Bicycles

• Building and Construction

• Sports

• Industrial

• Others

Based on end-user, the automotive sector is anticipated to dominate the global rubber additives market in the upcoming years. The rising need for rubber in tire manufacturing in the automobile sector is driving the development of rubber additives. Furthermore, in the projected period, the increased demand for sophisticated and high-tech rubber goods in the automotive industry is expected to drive up demand for rubber additives. In addition, the rising use of silicone rubber parts in the automotive industry would boost demand for silicon rubber additives in the forecast period.

Recent Developments in the Global Rubber Additives Market:

• On September 14^th, 2021 BASF SE introduced Irgacycle, which is a new range of additive solutions. It helps in addressing the imminent need for recycling plastic.

• Solvay increased fluoroelastomer production across the globe in order to support the increasing demand for materials primarily in sealing applications.

Rubber Additives Market Regional Analysis: 

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle east and Africa 

The Global Rubber Additives Market Report includes the segmentation of Regions:

• The Asia Pacific region had the greatest share of the rubber additives market, accounting for more than 42%. The region's market growth is primarily owing to increased international investments in the automotive, aerospace, and military sectors. In addition, rising automobile and aircraft manufacturing in growing economies such as China, Japan, India, and South Korea is propelling the rubber additives industry forward.

• North America and Europe are predicted to occupy a sizable proportion of the rubber additives market during 2022 - 2027, owing to the rising demand for green tires.

• The Latin American rubber additives market is expected to be driven by significant investments and recovering economies in Brazil and Argentina because of several Middle Eastern countries' efforts to diversify their economies and demand for rubber additives is expected to expand faster in the Middle East and Africa region throughout the forecast period.

Impact of COVID-19 on the Rubber Additives Market:

Automotive production factories were shut down in 2020 due to the COVID-19 pandemic, which hampered the growth of the rubber additives industry. As a result, the availability of raw materials decreased due to the import-export supply chain disruption, which declined industry growth. Furthermore, the market for rubber additives is expected to return to normal in the projected period, owing to the new normal condition and the reopening of several factories in various locations.

Rubber Additives Market Key Players:

The companies covered in the report include:

1. BASF SE

2. Lanxess AG

3. AkzoNobel N.V.

4. Solvay SA

5. Arkema SA

6. China Petrochemical Corporation (Sinopec)

7. Eastman Chemical Company

8. NOCIL LIMITED

9. China Sunsine Chemical Holdings Limited