Kenneth Research has published a detailed report on Rubber Additives Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The global Rubber Additives market was valued at USD 3.88 billion in 2016 and is projected to reach USD 6.18 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Rubber additives demand is majorly driven by the growing demand for automobiles. These additives improve the physical properties of rubber. The growing demand for antidegradants is expected to be a major driving factor as they improve the shelf life of the final product.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Rise in demand for automobiles
1.2 Increasing demand from non-tire applications
2. Market Restraints
2.1 Stringent environmental regulations
The global Rubber Additivesmarket is segmented on the product, applicationand region.
1. By Product:
2. By Application:
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Akzonobel NV
3. Lanxess AG
4. Solvay SA
5. Arkema SA
6. Sinopec Corp.
7. Eastman Chemical Company
8. R.T. Vanderbilt Company
9. Emery Oleochemicals Inc.
10. Behn Meyer Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Rubber Additivesmarket was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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