- The key vendors in the global rubber processing chemicals market 2015-2019 are Akzo Nobel, BASF, Emerald Performance Materials, Lanxess Corporation and Vanderbilt Chemicals LLC.
London, 10 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global rubber processing chemicals market 2015-2019. Ongoing research to develop bio-based rubber is one of the key trends being observed in this market. Eco-friendly processes are used to formulate synthetic latex, which is then processed to produce bio-based rubber. The global rubber processing chemicals market 2015-2019 is expected to grow at a CAGR of 5.84% between 2014 and 2019.
The demand for rubber processing chemicals has grown in the past decade in countries such as China and India. In the coming years, both the production and the demand are expected to grow at a rapid pace. The economies of developing countries are growing rapidly because of the increase in industrial output, imports, and exports coupled with consumer consumption and capital investment.
The antidegradants segment accounts for the largest share of the global rubber processing chemicals market. The increasing demand for antidegradants is propelled by the consumer demand for the improved performance and increased durability of rubber products.
“Increased industrialization has opened up avenues where rubber can be used in equipment such as conveyor belts, industrial mats, hoses, anti-vibration parts for machinery, and rollers,” says Faisal Ghaus, Vice President of Technavio Research.
“Rubber processing chemicals play a vital role in the manufacturing of such products. The equipment needs to withstand high stresses and temperatures. Antidegradants serve as agents that make the rubber strong enough to withstand these external effects.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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