Rubber Additives Market to See Incredible Growth During 2023
Rubber
additives are chemicals or agents added during the processing and
synthesis of rubber polymers. Rubber additives are incorporated with
raw rubber polymer to enhance structural and mechanical properties,
and improve the overall performance and quality of rubber. Various
types of rubber additives include vulcanization accelerators &
inhibitors, processing aids, adhesion promoters, chemical blowing
agents, antiozonants and fillers. Vulcanization accelerators improve
cross-linking efficiency, while inhibitors slow down the
vulcanization process. Processing aids are used to reduce the
viscosity of rubber.
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This
helps fabricate rubber with other components and reduce the overall
energy required during fabrication. Furthermore, adhesion promoters
are used to improve the rubber-to-metal adhesion during tire
manufacturing. Other rubber additives such as fillers are generally
used to increase the stiffness of unvulcanized rubber. Tire &
tubing, consumer goods, construction, and electrical insulation
industries are some of the major end-users of rubber additives. Tire
& tubing industry accounted for the largest market share of
rubber additives in 2014.
Global
demand for rubber additives is significantly driven by increasing
consumption of rubber polymers in tire manufacturing and electrical
insulation industries. Tire manufacturing industry is the largest
consumer of rubber. Vulcanization accelerators, process aids and oil
extenders are some of the rubber additives used in tire
manufacturing. Accelerators which are used commonly to increase the
cross-linking efficiency during vulcanization include guanidines,
thiazoles, thiurams and sulfur. Furthermore, processing aids such as
chemical peptizers and some plasticizers help reduce the viscosity
for easy fabrication and stabilization.
Extenders
used during designing of tire treads include clay and calcium
carbonate. Electrical insulation in household and industrial
constructions is another driver of global demand for rubber
additives. Rubber is a bad conductor of electricity; hence, it is one
of the favored insulation materials. Oil extenders are extensively
used rubber additives that help reduce the overall insulation costs.
Stabilizers such as esters of fatty acids are also added to improve
the heat and voltage resistance of rubber. However, environmental
concerns coupled with stringent governmental regulations may hamper
market growth. Regulations are imposed on rubber manufacturing
industries, especially for VOC emissions that cause air pollution.
In
terms of global demand, Asia Pacific is anticipated to be the fastest
growing rubber additives market by the end of the forecast period.
China is likely to lead in Asia Pacific, due to growth in automobile
& rubber processing industries. Other countries that are likely
to exhibit a similar trend include India and Japan. Furthermore,
Vietnam is expected to have emerging rubber additives market by 2022,
owing to the current trend in shift of rubber manufacturing bases
from China.
The
rubber additives market in North America is likely to witness
sluggish growth, as the region has established rubber & tire
manufacturing markets. Currently, the U.S. is the leading market for
rubber additives in North America. The country is likely to maintain
its position by 2022. Demand for rubber additives in Europe
(including France and Germany) is anticipated to decline, owing to
stringent regulations and policies imposed by the European Union. In
terms of export, the rubber additives market in Latin America
(including Brazil) is estimated to be in the emerging state due to
increase in rubber plantations and rubber processing industries in
the region.
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Global
companies manufacturing rubber additives include Akzo Nobel N.V.,
King Industries, Inc., Arkema SA, Eastman Chemical Company, Thomas
Swan & Co., Ltd and Lanxess Corporation.
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